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7 AI Infrastructure Stocks Plunge Over 20%, Outpace Semiconductor Rout As DeepSeek Upends Investment Landscape
Monday, January 27, 2025 - 7:06pm | 972The AI boom that fueled a historic rally in semiconductor and infrastructure stocks over the past two years came to a screeching halt Monday, as a wave of selling swept through the market following the launch of DeepSeek, China's open-source AI model. While NVIDIA Corp. (NASDAQ:NVDA) grabbed the...
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Experts React To Weekly Jobs Number: 'Unemployment Rate Will Break Through 20%'
Thursday, April 16, 2020 - 11:31am | 606The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.3% on Thursday after the Labor Department reported weekly jobless claims of 5.245 million, bringing the running total for the coronavirus downturn up to 22 million. This week’s jobless claims were down 1.37 million, suggesting the...
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US Adds 225K Jobs In January, Labor Participation Rate Rises
Friday, February 7, 2020 - 10:17am | 459The Bureau of Labor Statistics released employment data for the month of January, and the jobs report came in above economists expectations. Here’s a rundown of everything you need to know. What You Need To Know About The Jobs Report The nonfarm payroll number came in at +225,000, well above...