Tech sell-off pushes Dow Jones and Nasdaq into the red – DAX slides, but secures strong monthly gain – Robust US economy dampens interest rate hopes – Dell Technologies exceeds expectations due to massive AI server boom – Paramount outbids Netflix and acquires Warner Bros. – SoundHound AI grows rapidly through autonomous AI voice agents – Safe havens such as gold and silver in high demand
Reading Time: 12 minutes
Wall Street under pressure: Tech sell-off continues at the end of the month The US stock markets opened the last trading day of the month well into the red, seamlessly continuing the tech sell-off of the past few days. The leading index Dow Jones is down 1.5% to around 48,750 points. The broader S&P 500 loses 0.9% to 6,845 points, while the tech-heavy Nasdaq is under pressure with a decline of 0.87% to 22,675 points. AI euphoria gives way to skepticism and political conflicts Although the AI giant NVIDIA posted extremely strong...
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