Nasdaq futures poised to lead stock market higher
Digest more
Stocks of Airbnb (3.6%), Booking Holdings (4.8%), Expedia (-7.7%), and TripAdvisor (3.8%) all declined by more than 3% intraday, impacted by the announcement and further plunged amid an overall bearish market.
Asian stocks slid in early trade on Tuesday, as financial markets waited on a rush of key U.S economic data delayed by the government shutdown while investors rolled back bets of a Federal Reserve rate cut next month.
The S&P 500 on Monday afternoon was threatening to bust through a closely watched support level as stock losses extended an unraveling in the final hour of trading. Concerns about popular tech trades,
"Past innovation-driven booms—like the 1920s and in the 1990s—have led the market to overpay for future profits even though the underlying innovations were real."
Find insight on Banco Santander, Deutsche Bank and more in the latest Market Talks covering Financial Services.
Arista Networks is a top buy amid AI growth and increased capex from tech giants. Read here for an investment analysis of ANET stock.
Federal Reserve Governor Christopher Waller repeated his view that the central bank should again lower interest rates when policymakers meet in December, citing a weak labor market and monetary policy that is hurting low- and middle-income consumers.
Worries over the health of the U.S. consumer helped push Wall Street deep into the red on Monday, as investors also braced for Nvidia's earnings and the resumption of key U.S. economic data releases later in the week.