Tech stocks tumble as AI boom fizzles out
The world's largest tech company has seen stock prices fall over the past month after years of sudden profits from artificial intelligence (AI) as a wider market turmoil hit the tech sector hard. Since massive advances in AI exploded into the scene over two years ago, tech stocks have been in tears, driving much of […]
Dow plunges more than 600 as Santa Claus rally fizzles
Wall Street's major stock indexes opened sharply lower on Monday, their lowest in more than a week. That's as sparse trading volume and concerns about rising U.S. Treasury yields cloud the traditionally strong year-end stock rally. The Dow Jones Industrial Average fell more than 650 points, or 1.52%, to $42,340.69 shortly after the opening bell, […]
Asia-Pacific markets fall after Wall Street postelection rally fizzles – CNBC
The Japanese market momentum was mainly driven by Japan's technology and financial sectors. Doctor Egg | Moment | Getty Images Asia-Pacific stock markets were mostly lower on Wednesday, tracking losses on Wall Street, as post-election rallies in the US stalled overnight. Rated by Asian traders Corporate product data The year-on-year producer price increase rate, or […]
Gas prices drop as demand for driving fizzles out: AAA
As temperatures have risen this summer, drivers have become less keen to take road trips. (iStock) According to AAA, gasoline prices fell in line with demand this summer as hot temperatures discouraged drivers from getting on the road. AAA said the national average price of a gallon of gasoline fell 4 cents from the previous […]