Market Check
Dow Jones Industrial Average Crosses 50,000 For First Time
By Noel Randewich
Feb 6 (Reuters) - The Dow Jones Industrial Average blew past the historic 50,000 mark on Friday and the S&P 500 ended sharply higher, as Nvidia and other chipmakers soared and Amazon tumbled after the cloud heavyweight forecast a sharp increase in spending on AI infrastructure.
Amazon dropped 5.6% after saying it planned a more than 50% jump in capital expenditures this year, intensifying a race to dominate AI technology... (continue reading...)
Bitcoin Hits Low at $64,944
- Bitcoin is down 10% today and about 50% from highs.
By Noel Randewich
Feb 5 (Reuters) - Wall Street ended sharply lower on Thursday, with the Nasdaq dragged to its lowest since November by losses in Microsoft, Amazon and other tech heavyweights after Alphabet said it could double capital spending on AI in the race to dominate the emerging technology.
Shares of Alphabet fell 0.55% after the Google parent said it plans as much as $185 billion in capex in 2026. Together, it and its Big Tech... (continue reading...)
By Noel Randewich and Pranav Kashyap
Feb 4 (Reuters) - U.S. stocks ended lower on Wednesday, with losses in Advanced Micro Devices, Palantir and other technology companies, as investors worried about pricey valuations and whether Wall Street's AI rally has reached its peak.
Alphabet fell almost 2% ahead of its quarterly results after the bell. After the close, it regained 2% as the company said it was aggressively ramping up spending as... (continue reading...)
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