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The Marked Chart Wire · Markets
HotAI Spending
The Nasdaq 100 rose 1.2 percent while chipmakers gained 3.3 percent ahead of the Fed's rate decision. Meta's $25 billion equity raise is said to have drawn five times the expected investor interest.
Part of a series: AI spending debate intensifies as markets wobble
Prices from Live · updated 3:47 PM ET. Each tile opens the stock's chart and news.
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Fed
The Federal Reserve is scheduled to announce its October interest rate decision. Major technology companies including Google, Microsoft, and Amazon will also report earnings during the period.
AI Spending
Shares in the region fell on Monday amid doubts about the longevity of artificial intelligence investment. Market participants are bracing for a busy schedule of corporate results and monetary policy updates.
Market Technicals
Major US stock indexes are trading below critical support lines, while non-AI equities show buy signals. Microsoft, Google, and Amazon are highlighted as upcoming catalysts.
AI Spending
Tech stocks declined as investors questioned the return on artificial intelligence infrastructure spending, marking the index's weakest session in four months.
Margin Debt
Bank of America analysts noted that margin debt growth slowed to 31.4 percent in September from 53.7 percent in May. They warned that this weakening momentum, alongside high-yield spread widening, could indicate a stock market top.
Treasury Auction
The US Treasury auctioned $70 billion in 5-year notes, which were awarded at a high yield of 4.845 percent. The bid-to-cover ratio came in at 2.33, up from the previous auction's 2.21.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.