Markets Slip as Banks and Cloud Giants Drag Indexes

1 min read
Source: Sherwood News
Markets Slip as Banks and Cloud Giants Drag Indexes
Photo: Sherwood News
TL;DR Summary

Major U.S. stock indexes fell as financials and hyperscalers led the downturn despite softer core inflation and JPMorgan's earnings beat; big-tech names like Microsoft, Amazon, and Meta slid on concerns about AI data-center costs, while Moderna and Roblox posted gains on company-specific news and Nvidia chip-export developments added complexity to the AI-chip story.

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