business / news / / The Economic Times
The US stock market today is climbing despite losses in high-profile tech stocks like Nvidia and Tesla.
The S&P 500 has crossed 6,600 and the Nasdaq is near 22,000 for the first time.
KEY POINTS
- Investors are rotating out of mega-cap tech stocks like Nvidia and Tesla into financials, energy, and industrials.
- A potential 45-day Middle East ceasefire is easing oil-driven market fears and supporting sentiment.
- The ISM services PMI shows growth, but the employment index dropped sharply to 45.2, signaling hiring contraction.
- Goldman Sachs warns that AI-driven job displacement could impact future earnings and employment stability.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →