Nasdaq, S&P 500 sink
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Stock market today: Nasdaq, S&P 500 close below critical levels; Oracle, other AI players sell off (live coverage)
Shares of Medline, which sells medical products such as ECG/EKG machines and post-operation bandages, were up more than 31% in afternoon trade above 38. The Nasdaq-listed stock opened nearly 21% above its IPO price of $29 a share, which marked $6.26 billion raised by the company.
The Nasdaq Composite rallied late on Tuesday to snap its losing streak at three days. The tech-heavy index rose 0.2% after falling nearly 0.6% at its low earlier in the day. The S&P 500 dipped 0.2%. The Dow Jones Industrial Average fell 302 points, or 0.6%.
US stocks experienced a downturn as investors shifted away from AI giants. Concerns over Oracle's data center financing, coupled with broader questions about AI profitability, triggered a sell-off. Major tech stocks like Nvidia and AMD also saw significant declines,
Stocks could see wild swings in the last trading push of the year. Where to put your money. Investors are dumping stock-market winners and buying almost everything else. Why that’s a good sign.
Major stock indexes ended mixed Thursday, with the Dow Jones Industrial Average and S&P 500 closing at record highs but the Nasdaq pulling back as Oracle results dragged AI-tied shares.
Nasdaq has filed a rule change with the Securities and Exchange Commission (SEC) to extend trading in U.S.-listed stocks and exchange-traded products to 23 hours a day, five days a week. Today, Nasdaq effectively runs a 16-hour schedule,
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