Forget the Santa Claus Rally -- Artificial Intelligence Stocks Like Broadcom, Amazon, and Rivian Dragged the Stock Market Down Today
Shares of artificial intelligence chipmaker Broadcom ( AVGO -1.63%) and e-commerce giant Amazon ( AMZN -1.57%) traded close to 2% lower as of 2:26 p.m. ET today. Shares of electric carmaker Rivian ( RIVN -2.88%) were down close to 3%.
Dow ends higher for fifth straight daily gain as stocks attempt to score Santa rally
The Santa Claus rally refers to a seasonal tendency for the S&P 500 to rise over the last five days trading days of a calendar year and the first two of the new year. U.S. stocks pared early losses on Thursday, with the Dow wavering in and out of positive territory in recent trade.
In midday trading, the Dow Jones Industrial Average plunged 528 points, or 1.2%, to 42,796. The S&P 500 lost 1.7%, and the ...
U.S. equity futures moved lower in early Thursday trading, while Treasury bond yields remained elevated in the wake of the ...
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Tech slump slays Santa rally, weak yen lifts Japan stocks higherHopes for a Santa Claus rally on Wall Street fell Friday as tech stocks slid lower, while a weaker yen lifted Japanese ...
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