Wall Street steadies
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Stocks are falling again on Wall Street
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The stock market’s record rally is showing early signs of broadening beyond Big Tech as investors rotate into lagging sectors, but strategists warn its durability hinges on earnings and Fed policy.
A slew of Wall Street analysts covering Nvidia Corp. are boosting their expectations for the chipmaker’s stock ahead of its quarterly earnings release due Aug. 27.
U.S. stocks are slipping again, this time after the country’s largest retailer reported profits that came up short of Wall Street’s expectations.
“The stock price reflects that there won’t be change when change is needed,” Gerald Storch, former vice chairman of Target and ex-CEO of Toys R Us, told The Post. “The sales are negative and they are bleeding market share.” Target did not immediately respond to The Post’s request for comment.
Wall Street shares dropped on Wednesday, with a tech selloff extending into a second day, while a key meeting of central bankers later this week remained in focus for currency and rates traders.
Jane Street has owned CoreWeave shares as far back as the first quarter, when the popular AI play went public. A SEC filing in May revealed the New York-based firm held about 9.4
Short sellers, those swashbuckling investors who profit from betting against stocks and who sometimes expose corporate fraud along the way, have faced an uphill battle as stocks have generally marched higher since the end of the 2008 financial crisis.