The Marked Chart Wire · Markets
HotMarket Volatility
Tech stocks lead broad market selloff as oil rises
The Nasdaq 100 lost 4.03 percent, closing at 28,217.8. WTI crude climbed 2.25 percent to $104.30, while the VIX jumped 28.49 percent to 22.10.
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More Markets news
HotAI Spending
Nasdaq 100 falls 4 percent as AI spending concerns grow
The Nasdaq 100 dropped over 4 percent Friday, erasing $1.2 trillion in value in October. Investors are questioning if $750 billion in annual AI spending will yield sufficient returns.
HotAI Spending
Tech selloff prompts rotation into defensive stocks
Semiconductor shares fell more than 10 percent Friday, driving investors toward healthcare and staples. Upcoming earnings from major firms will test market sentiment amid inflation worries.
HotMarkets
Nasdaq 100 drops 10 percent from October peak
The Nasdaq 100 index has fallen 10 percent from its high set in October, a decline that places the benchmark in correction territory.
HotReddit
Reddit stock falls 29 percent in record session drop
Shares of Reddit declined by 29 percent on October 30, marking the largest single-day percentage loss in the company's history.
Markets
FCC suggests freeing 482 MHz for satellite phone links
The agency proposes releasing 482 MHz of radio spectrum specifically for satellite-to-phone technology. It also seeks to eliminate major regulatory hurdles facing these services.
HotSector Rotation
Investors rotate into staples and healthcare as tech falls
Defensive sectors led gains Friday, with the Nasdaq-100 dropping 2.7 percent. Regeneron jumped 12 percent after reporting strong third-quarter results.
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