• Jan 29, 2025

Pictet Wealth Warns Unruly Tech Selloff Risks Big Market Slump

(Bloomberg) -- US stocks are at a critical juncture where a disorderly selloff in artificial intelligence-related stocks risks sinking the broader market, according to Pictet Wealth Management.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for Banning Section 8 RentersManhattan’s Morning Commute Time Drops W

  • Jan 29, 2025

Stock market today: Wall Street drifts ahead of the Fed's rate decision and Big Tech reports

U.S. stock indexes are drifting on Wednesday, ahead of the Federal Reserve’s upcoming decision on interest rates and after two days of disruption driven by doubts about the artificial-intelligence boom. The S&P 500 was down 0.2% in morning trading on a packed day, which will also include earnings reports from influential companies like Microsoft, Meta Platforms and Tesla after trading closes. Nvidia has been at the center of Wall Street’s action this week after a Chinese upstart, DeepSeek, said it developed a large-language model that can compete with the world’s best without having to use Nvidia’s top chips.

  • Jan 29, 2025

Apple, Nvidia losses keep S&P 500, Nasdaq flat as Fed's rate verdict looms

The S&P 500 and the Nasdaq treaded water on Wednesday, as losses in tech heavyweights Apple and Nvidia limited broader gains and investor focus turned to the U.S. Federal Reserve's interest-rate decision, expected later in the day. Markets widely expect the central bank to hold its lending rate steady in its decision, due at 2 p.m. ET.