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The worst day for Microsoft in nearly six years is yanking the U.S. stock market away from its record heights.
Software stocks are skidding today. The rout underscores how fast Wall Street’s enthusiasm for the sector has evaporated in the months since the emergence of “vibe coding”—the practice of using
The Big Tech rivals are spending more than ever, but analysts are more concerned about Microsoft at the moment.
Wall Street ticked to a record as stocks zigzagged underneath the market’s surface following mixed profit reports from UnitedHealth, General Motors and other big companies.
One of these companies has been paying a consecutive dividend for more than two centuries.
Declines show how quickly sentiment can shift as money pours into the next hot investment.
Microsoft falls 6.8% after hours despite beating Q2 earnings as Azure growth slows to 39% and AI spending hits $37.5B record.
Wall Street loves this stock, as it has a median price target of $57 per share, which would represent a 33% return over the next 12 months if they are right. Also, about 75% of the analysts that cover it rate it as a buy.
Although Walt Disney has underperformed relative to the broader market over the past year, Wall Street analysts maintain a strongly optimistic outlook about the stock’s prospects.
By Sinéad Carew and Pranav Kashyap Jan 29 (Reuters) - Wall Street's main indexes fell on Thursday with technology-heavy Nasdaq leading declines as investors were rattled by the latest earnings reports and worried about whether hefty spending on artificial intelligence would pay off for mega‑cap tech companies.
Wall Street ticked to a record as stocks zigzagged underneath the market's surface following mixed profit reports from UnitedHealth, General Motors and other big companies
Wall Street is flirting with a record on Tuesday, as stocks zigzag under the market's surface following mixed profit reports from UnitedHealth, General Motors and other big companies. The S&P 500 rose 0.