Stock market today: Dow, S&P 500, Nasdaq sink to cap brutal week for tech stocks

What we drew from this source

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• Waiting to take this matter up in the new year would not have entailed much additional risk and would have come with the added benefit of updated economic data which have been absent lately

  80% confidence

• Profitability worries are 'shortsighted' as Broadcom's transition to becoming a systems supplier should unlock a much bigger content opportunity

  80% confidence

• While all of these AI revenue figures are surging higher, the cost of this growth comes on margins

  80% confidence

• Full-year diluted earnings per share expected in a range of $12.92 to $13.02

  80% confidence

• UBS has an S&P 500 price target of 7,300 for June 2026 and 7,700 for June 2027

  80% confidence

• Goolsbee remains 'optimistic' that rates can come down a 'significant amount' over the next year

  80% confidence

• The event increased our confidence in RIVN's positioning as software (and now AI) defined vehicles increasingly become industry table stakes

  80% confidence

• Broadcom guided for a gross margin of 76.9% for the current (January) quarter

  80% confidence

• Full-year net revenue expected between $10.96 billion and $11 billion, representing 4% growth

  80% confidence

• AI and economic growth to fuel 12% earnings jump

  80% confidence

• The company's AI story continues to not only overdeliver but is doing it at an accelerating rate

  80% confidence

• Lululemon guided for net revenue in the range of $3.5 billion to $3.58 billion for Q4

  80% confidence

• As we enter the holiday season, we are encouraged by our early performance

  80% confidence

• The US dollar will resume its slide next year as the Federal Reserve keeps nudging down interest rates

  80% confidence

• Fed Chair Jerome Powell indicated a pause may come in January

  80% confidence

• The selloff was attributed to broader AI stock angst

  80% confidence

• The company continues to make progress in its turnaround plan and expects to see more results in 2026

  80% confidence

• The US dollar will resume its slide next year as the Federal Reserve keeps nudging down interest rates

  80% confidence

• We have an Attractive view on US equities. We believe the backdrop for US stocks remains favorable, driven by resilient economic growth, Fed rate cuts, and a boom in AI investment spending

  80% confidence

Cited in these Via News reports

• AI Moves From Advantage to Prerequisite in Global Finance as Industry Leaders Race to Demonstrate Real-World Returns →
• Bank of America Scraps Fed Rate Cut Forecast as Strong US Jobs Data Shifts Global Central Bank Calculus →
• Fed Holds Rates as Global Central Banks Diverge: Markets See 51% Chance of June Cut →
• Fed Holds Steady: What America's Rate Pause Means for the World Economy →
• Fed Rate Freeze Deepens as Global Banks Split on 2026 Policy Path →