Markets Stumble Friday, End Week Mixed As Chips Decline
Chips' Supply And Costs Are Driving AI's Trading Volatility
Chips' Supply And Costs Are Driving AI's Trading Volatility
A volatile week for tech, especially in the chip sector, would upend the markets in the end. Friday's final retreat dragged all three major indices to a losing day, with only the Dow managing a winning week.
Chips' Supply And Costs Are Driving AI's Trading Volatility
Chips' Supply And Costs Are Driving AI's Trading Volatility
Chips' Supply And Costs Are Driving AI's Trading Volatility
Tech's wild week was primarily fueled by two basic questions: who has chips, and what's the cost to get them? Chipmakers have ridden some ups and downs lately, but it's AI's big tech that's paid the price.
War Updates: Latest Reports On Status Of Conflict & Talks
Chips' Supply And Costs Are Driving AI's Trading Volatility
War Updates: Latest Reports On Status Of Conflict & Talks
New developments in the war with Iran, both in the Middle East and back here at home, continue to come out rapidly. For the latest news reports on hostilities and peace talks, updates will be posted here.
PCE Index: Inflation Reading Heats Up To Three-Year High
War Updates: Latest Reports On Status Of Conflict & Talks
The spike in the Fed's preferred inflation gauge may have been expected, but that didn't make it any less depressing. May's PCE would gain to its highest since 2023, making a rate hike look even more likely.
Sentiment Survey Continues To Move In Positive Direction
Consumers are still leery about the war's inflationary costs, but they're starting to relax a bit. June's final sentiment survey shows that relief over lower gas prices is continuing to fuel an uptick in optimism.
Still Ahead: War, Tech Watch, Jobs Report & Holiday Friday
Ahead of Friday's July 4th holiday break, the new week will be largely focused on three fronts: renewed war tensions, tech moves after last week's tumbles, and the new hirings data in the June jobs report.