Stocks Settle Lower as Chipmakers and AI Stocks Slump
View original at nasdaq.comStocks Settle Lower as Chipmakers and AI Stocks Slump The S&P 500 Index ($SPX) (SPY) on Thursday closed down -0.51%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.62%…
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GE Aerospace's raised earnings guidance may not be good enough.
60% confidencePledged to intensify the bombardment until Iran stops attacking ships in the Strait of Hormuz and agrees to open the waterway.
60% confidenceHis primary concern is inflation, which is too hot and has been above target for too long, so his focus remains on inflation in setting the correct course for monetary policy.
60% confidenceQ2 earnings may increase by +23%, close to Q1's blowout earnings of +30%, which was more than double the +12% analysts had expected. AI infrastructure stocks are set to contribute nearly 60% of the S&P 500's Q2 EPS growth.
60% confidenceModestly higher interest rates would better balance the outlook and risks for the Fed's dual mandate of price stability and full employment.
60% confidenceA seven-day moving average of oil flows through the Strait of Hormuz has slumped to 3.9 million bpd from 8.5 million bpd before the collapse of the ceasefire.
60% confidence