Stock Market Midday, Oct. 15: Markets Mixed as AI Sell-Off Continues
As of 11:38 AM ET, the Dow Jones Industrial Average (DJINDICES:^DJI) is up 0.98% to 52,126 as it shrugs off inflation data, while the S&P 500 (SNPINDEX:^GSPC) is up 0.10% to 7,727 and the Nasdaq Composite (NASDAQINDEX:^IXIC) is down 0.36% to 26,600 on tech weakness.
Gold is up 1.18% to $4,154.09, and the 10-Year Treasury yield is trading at 5.10% after dropping 1 basis point. Healthcare stocks are the top sector performers this morning, while energy and technology stocks are falling.
Vertiv Holdings shares are down around 6% after two analysts cut their price targets for the stock. CoreWeave fell further as concerns over capital costs continue to weigh on chip stocks. That fear has spread to industrial stocks like Caterpillar, which slid as investors unwound the data-center power premium. PNC Financial Services Group wobbled after its Q3 revenue missed estimates, and Abercrombie & Fitchjust hit a 52-week high.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.