Go To:
Premier Members can get their watchlist or portfolio delivered via email up to 5 times a day. Learn More >>
Stocks Finish Sharply Lower as Tech Stocks Slump
Barchart - Fri Jul 17, 3:35PM CDT
The S&P 500 Index ($SPX) (SPY) on Friday closed down -1.01%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.77%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.49%. September E-mini S&P futures (ESU26) fell -1.02%, and September E-mini Nasdaq futures (NQU26) fell -1.51%.
Stock indexes settled sharply lower on Friday, with the S&P 500 posting a 1-week low, the Dow Jones Industrials sliding to a 2.5-week low, and the Nasdaq 100 falling to a 5-week low. The global selloff in chipmakers continued on Friday amid concerns that massive gains fueled by the buildout of artificial intelligence have run too far to justify their elevated valuations. The rout began in Asia, with China’s Shanghai Composite falling -3% and Japan’s Nikkei Stock Index falling -4% after China's AI startup Moonshot launched its new Kimi K3 AI model, which the company says rivals the strongest offerings from OpenAI and Anthropic PBC, sparking concerns about the industry's spending spree.... Read more
Most Recent Stories
More News The sell-off for AI stars worsens, while oil prices keep jumping AP - Sat Jul 18, 1:39PM CDT
The sell-off for AI winners deepened and yanked stock markets lower worldwide
US lets Hong Kong emergency declaration lapse, lifting some sanctions as Trump order stays AP - Fri Jul 17, 10:44PM CDT
The United States has not renewed the national emergency declaration over Hong Kong, lifting some sanctions but keeping an executive order that revoked Hong Kong's special trading status
Paying for early access to Trump's Truth Social could raise big money - and major ethical issues AP - Fri Jul 17, 4:40PM CDT
In yet another unprecedented move by America's first billionaire president, Donald Trump may soon be profiting from a new line of business tied to his office: charging access for a first peek at certain...
Stocks Finish Sharply Lower as Tech Stocks Slump Barchart - Fri Jul 17, 3:35PM CDT
The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -1.01%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.77%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.49%. September...
Chinese AI model takes US tech industry by surprise with abilities rivaling Claude and ChatGPT AP - Fri Jul 17, 3:06PM CDT
Another powerful new artificial intelligence model from China is taking the U.S. tech industry by surprise
FAA says Boeing can resume self-certifying its jets as airworthy AP - Fri Jul 17, 2:47PM CDT
The Federal Aviation Administration says Boeing will be allowed to take responsibility for certifying all of its 737 Max and 787 planes starting next week
/Alphabet%20(Google)%20Image%20by%20Markus%20Mainka%20via%20Shutterstock.jpg)
/An%20Intel%20sign%20out%20front%20of%20a%20corporate%20office%20by%20wolterke%20via%20Adobe%20Stock.jpeg)
