Dow, Stock market and Tech Selloff
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The total crypto market cap rose 4.5% in 24 hours to $2.45 trillion. The recovery led to popular crypto stocks rallying as much as 25%. Mirroring the upward movement of Bitcoin, crypto stocks also began recovering.
The market appears poised to rally but anticipates shocks. Here are six stocks to consider for your portfolio.
People debating whether software stocks deserved to get hit so hard are overlooking a bigger question.
Consumer staples and chemicals are also among AI-resistant firms, JonesTrading’s O’Rourke noted. The staples group, composed of companies such as Dollar General Corp. and Dollar Tree Inc., has fared the best among the S&P 500 sectors this week.
Tech stocks are dragging down Wall Street this week as investors flee once-hot shares.
Software stocks entered a bear market last week. The latest bout of selling was brought on by Anthropic's unveiling of a new plugin for its Cowork agent.
Stocks broadly sank on Tuesday as investors moved to dump shares of software companies amid fears that artificial intelligence tools could eat into those companies' businesses
US stocks dropped Thursday, continuing a recent patch of volatility, as Wall Street grappled with persistent nerves about artificial intelligence and economic data showed the labor market weakened over the past two months.
Over the last five years, it's achieved average annual returns of 14.12%, while its expense ratio of 0.50% is reasonable given not just this performance, but the access it provides to 84 Canadian stocks that are undervalued compared to the S&P 500.