Big swings keep rocking Wall Street
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The S&P 500 is tracking toward its worst November since 2008 amid mounting concerns over an AI-fueled "bubble". Not even Nvidia and its CEO, Jensen Huang, could allay those fears
Wall Street's "fear gauge" jumped on Thursday, as investors digested the release of delayed jobs data from September while an earlier surge in AI plays fizzled. The Cboe Volatility Index was up more than 14% to more than 27,
Wall Street stocks slid on Thursday in a sharp reversal from an early rally, as technology gains faded after a boost from Nvidia's earnings and U.S. jobs data muddied the labor market outlook.
The ongoing Bitcoin crash has claimed a major casualty: BlackRock (NYSE: BLK). Yes, the world's largest asset manager recently suffered its worst-ever rout when its spot Bitcoin exchange-traded fund (ETF) saw the largest sell-off in a single day.
The releases will provide key signals for investors after a significant market pullback.
Wall Street's main indexes hit one-month lows on Tuesday on concerns over lofty equity valuations and dimming prospects of a December interest rate cut, while investors awaited Nvidia's earnings and key government data due later this week.
Analysts see demand for high-grade AI hardware from Nvidia increasing in the coming quarters, staying upbeat even as investors fret over the AI trade.