Coinbase, Circle underperform Big Tech as crypto stock slump deepens
Coinbase and Circle have posted steeper losses than Oracle, Netflix and Salesforce, highlighting the widening gap between crypto equities and the broader…
It’s a tale of two S&P 500s as rotation out of top tech stocks shifts into overdrive
The equalweighted version of the S&P 500 outperformed its traditional capitalizationweighted sibling this week by the widest margin in six years.…
Dogecoin and Hyperliquid's HYPE led weekly crypto losses as AI stocks lure buyers
A rotation out of chipmakers lifted much of the stock market, with the equalweight S&P 500 at a record. Crypto was not part of it. Ether fell 8% on the week…
ServiceNow, Salesforce and other software stocks surge as the OpenAI threat weakens
Oracle’s stock missed out on the broader software rally, as the company is tied to OpenAI’s success through its cloudinfrastructure business. Source:MarketWatch
Tech stocks just had one of their worst weeks in a year. Here’s how AI momentum went off the rails.
It one of the worst weeks for tech stocks of the year, and Wall Street spent much of it confronting a question it had been too euphoric to ask: what exactly…
Healthcare stocks have become a haven for investors ditching tech
Shares of AbbVie, Eli Lilly and Johnson & Johnson were on track to hit alltime highs Friday, in the latest signal that investor appetite for the…
AI’s most explosive hardware trades are hitting a wall. Why optical and memory stocks are falling.
AI spending has been a key engine for the market, and some investors now worry that it could stall out, one expert says. Source:MarketWatch
How Micron aims to break through the risk cycle that has spooked investors for decades
Also in Weekend Reads: Medicare and GLP1s, tech stocks and career advice. Source:MarketWatch
Bitcoin makes first sub-$60K close since Q3 2024 as tech stocks enter ‘deep bear market’
Bitcoin risked turning $60,000 into resistance as BTC price weakness persisted following another techdriven selloff in Asian stock markets. Source:Cointelegraph
U.S. stock market sees first outflow since March. And that may set the stage for a risk-off summer.
A trend reversal in fundflow data may show that investors are switching their focus from tech stocks to sectors in line to benefit as midterm elections…
Why a reported delay for OpenAI’s listing complicates further the picture for tech stocks
SoftBank shares slumped Friday following a report that OpenAi may delay its IPO until next year. Source:MarketWatch
Ether, XRP and dogecoin lead a broad crypto selloff as tech stocks tumble
Bitcoin slipped near $58,000 before recovering, and CF Benchmarks says the $50,000 to $60,000 zone is where buyers have always stepped in. Source:CoinDesk