Stock-market futures drop, oil surges back above $100
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AppLovin shares are under pressure due to "SaaSpocalypse" concerns that don't seem legitimate in the long run.
Wall Street gave up an early rally and went negative. The S&P 500 fell 1.6% after wiping out an early gain of 4.1%, which had it on track for its best day in years. That brought the index nearly 19% below its record set in February.
The stock market tumbled March 3, with one index on pace for its worst day in nearly a year as the U.S. conflict with Iran worries investors.
Because of its high valuation, Palantir stock is exceptionally vulnerable to bad news.
Microsoft stock has also dropped as concerns about Copilot, its AI tool continue. While millions of customers are using its free version, only a small percentage of them are willing to pay for it. Instead, customers are opting for other mainstream tools like Claude, Grok, and ChatGPT.
Hermes said its performance in the Middle East was significantly impacted and results in France—where more than 50% of sales are linked to travelers—were also hit.
In this video, I will cover Adobe's (NASDAQ: ADBE) earnings report and call and explain why the stock dropped despite good results. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were ...
Consumer discretionary stocks have taken a beating lately as tariff worries and uneven demand cloud the outlook for apparel and footwear giants. With China slowing and new trade costs biting into margins across the sector,
Seoul stocks fell sharply Thursday, as U.S. President Donald Trump's renewed threat of strikes against Iran rattled investor sentiment and pushed up global oil prices.