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Asian markets fell Friday, tracking overnight declines on Wall Street as a selloff in big tech stocks deepened.
Markets are due for a near-term correction due to overextended technicals, exuberant valuations, and a more hawkish Federal Reserve. Despite short-term caution, I remain bullish on the U.S. economy and high-quality stocks for the intermediate and long term.
Markets are due for a near-term correction due to overextended technicals, exuberant valuations, and a more hawkish Federal Reserve. Despite short-term caution, I remain bullish on the U.S. economy and high-quality stocks for the intermediate and long term.
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About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
U.S. layoffs in October spiked, with the most happening in the tech sector. Tesla shareholders approve CEO Elon Musk's $1 trillion pay package.
U.S. layoffs in October spiked, with the most happening in the tech sector. Tesla shareholders approve CEO Elon Musk's $1 trillion pay package.
'Mad Money' host Jim Cramer talks what is driving the selling in the market right now.
'Mad Money' host Jim Cramer talks what is driving the selling in the market right now.
'Mad Money' host Jim Cramer talks what is behind Thursday's market downturn.
'Mad Money' host Jim Cramer talks what is behind Thursday's market downturn.
CNBC's Jim Cramer told investors that Wall Street is worried about the lengthy government shutdown and that AI buildout is getting out of control. "What matters is we need the darn government to go back to work, and we need the data center blob to be cordoned off from the rest of the economy, and we need some of the hottest stocks to continue to cool off further," he said.
CNBC's Jim Cramer told investors that Wall Street is worried about the lengthy government shutdown and that AI buildout is getting out of control. "What matters is we need the darn government to go back to work, and we need the data center blob to be cordoned off from the rest of the economy, and we need some of the hottest stocks to continue to cool off further," he said.
Now, with two high-profile bankruptcies in short order, people thought they might be starting to see cracks. The tone turned more serious when it became clear that not only were there failures, but also there might be something sinister behind them.
Now, with two high-profile bankruptcies in short order, people thought they might be starting to see cracks. The tone turned more serious when it became clear that not only were there failures, but also there might be something sinister behind them.
Bullish sentiment decreased 6.1 percentage points to 38.0%. Neutral sentiment increased 6.7 percentage points to 25.8%.
Bullish sentiment decreased 6.1 percentage points to 38.0%. Neutral sentiment increased 6.7 percentage points to 25.8%.
Ed Yardeni warns of a pullback
Ed Yardeni warns of a pullback
'Fast Money' traders talk AI valuation fears rattling the markets