OpenAI logo NurPhoto via Getty Images There’s a lot of talk about AI as a bubble. Since ChatGPT’s launch, AI stocks have driven 75% of S&P 500 returns, 80% of earnings growth, and 90% of capex growth, according to Morgan Stanley data. But at this point, AI is no longer just a market story. The … Read more
US stock futures edged higher Sunday evening as Wall Street geared up for a pivotal week featuring the Federal Reserve’s expected rate cut, a barrage of Big Tech earnings, and a long-awaited meeting between President Trump and Chinese President Xi Jinping. Futures tied to the S&P 500 (ES=F) gained about 0.7%, while Nasdaq 100 futures … Read more
Matthias Balk / picture alliance / Getty Images Ford was the best-performing stock in the S&P 500 Friday. A major automaker led gains on the S&P 500 Friday, while a shoes and apparel maker lost ground after warning about a pullback in consumer spending. Ford shares soared after the automaker posted quarterly earnings that topped … Read more