Wall Street drifts near its all-time high
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The S&P 500 edged down by 0.1% in early trading but remains within 1% of its all-time high set in late October. The Dow Jones Industrial Average was up 32 points, or 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% lower.
Credo Technology (CRDO) was in focus on Tuesday as Wall Street analysts praised the high-speed solutions company after it reported much better-than-expected results and guidance. The company is benefiting from a much larger boom in the active electrical cables market than previously believed.
Wall Street experienced gains driven by strong tech performances and expectations of a Federal Reserve rate cut in December. Nvidia and Dell Technologies contributed to easing market fears. The S&P 500,
6don MSNOpinion
Prediction: Wall Street's Biggest Bubble Will Burst in 2026 (and I'm Not Talking About Artificial Intelligence)
Specifically, investors tend to overshoot when it comes to the adoption rate, utility, and early stage optimization of hyped innovations and new technologies. The lofty expectations set by investors are eventually not met, leading to the bursting of next-big-thing bubbles.
Trump administration is intensifying its focus on robotics as a part of its broader initiative to accelerate the development of artificial intelligence, Politico reported Wednesday.
PAR Technology Corporation (NYSE:PAR) is one of the best falling stocks to buy, according to Wall Street analysts.
Asian shares are mixed after U.S. stocks rose to near their records, with benchmarks in Japan and Hong Kong among the gainers
Boeing Chief Financial Officer (CFO) Jay Malave said Dec. 2 that the company expects to report a $2 billion cash burn for all of 2025, better than predicted before, and that in 2026 it will record low-single-digit billions of dollars of positive free cash flow that grows annually.