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via finance.yahoo.comMarkets

Meta and chip stocks fall as AI trade faces pressure, Brent hits five-month high

FROM THE WIRE · FINANCE.YAHOO.COM

Good morning. Stocks declined on Thursday as semiconductor names fell, with the AI trade coming under pressure following quarterly results from Meta (META) and Tesla (TSLA). Shares of the EV maker recovered early trading losses while Meta sank 6%. The Tech (XLK) sector fell, led…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe drop in AI and tech stocks weighs on indices, while oil rises to recent highs.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Meta sank 6% after quarterly results.
  2. 02Lam Research fell as much as 10% after citing supply chain constraints.
  3. 03Brent crude jumped to a five-month high at $111 per barrel.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Meta Platforms, Inc.METAStock652.25 USD-0.25%today -6.49%Negative NVIDIA CorporationNVDAStock213.43 USD-1.54%today -3.85%Negative Advanced Micro Devices, Inc.AMDStock512.13 USD-3.07%today -7.34%Negative Lam Research CorporationLRCXStock233.87 USD-2.76%today -10.33%Negative State Street Technology Select Sector SPDR ETFXLKETF182.81 USD-0.86%today -3.04%Negative Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity110.99 USD-0.80%today +1.99%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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