Tech slides on financing concerns, S&P 500 and Nasdaq end the week in negative territory
FROM THE WIRE · FINANCE.YAHOO.COM
Technology (XLK) took a hit this week as financing concerns mounted, dragging down key AI trade players and sending the S&P 500 (^GSPC) and Nasdaq (^IXIC) into negative territory for the week. CoreWeave (CRWV) and peer Nebius (NBIS) both closed out the week down more than 25%.…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishSharp drops at CoreWeave and Nebius weigh on the AI trade and the indices, while Nvidia tries to reassure investors.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Technology (XLK) took a hit this week as financing concerns mounted.
- 02CoreWeave and Nebius both closed the week down more than 25%.
- 03Baird cites a higher cost of capital and more scrutiny on circular finance.
- 04Nvidia CEO Jensen Huang expressed optimism about CoreWeave.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
CoreWeave, Inc. Class A Common Stock61.39 USDMarket closedtoday -11.91%Negative Nebius Group N.V.165.47 USDMarket closedtoday -12.18%Negative Oracle Corporation128.22 USDMarket closedtoday -4.65%Negative NVIDIA Corporation214.13 USDMarket closedtoday -1.43%Neutral S&P 5007,659.44Market closedtoday -1.09%Negative NASDAQ Composite26,140.03Market closedtoday -2.14%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets