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Tech Stocks Pull Wall Street Lower as Gold and Silver Prices Bounce Back
Big Tech stocks fell amid concerns of overvaluation and AI competition while gold rose 6.1% and silver gained 8.2%, recovering from sharp recent declines, analysts said.
- On Tuesday, the U.S. stock market sank as the S&P 500 fell 58.63 points to 6,917.81 while gold and silver markets bounced after a recent sell-off.
- Market watchers pointed to pricey Big Tech shares and concerns that they had become too expensive, weighing on Wall Street as traders said expectations about the Fed nominee helped shift momentum.
- Notable stock reactions included Palantir Technologies climbing 6.8% after reporting a bigger profit for the latest quarter, PayPal dropping 20.3%, and DaVita rallying 21.2%.
- In Europe, indexes nudged lower as France's CAC 40 edged down less than 0.1%, while the S&P 500 fell 0.8%, reflecting immediate market impacts.
- Gold and silver's swings signal extreme volatility as gold roughly doubled over 12 months and silver plunged 31.4% on Friday then rallied 8.2%, reflecting safe-haven demand.
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22 Articles
The Daily Sentinel+4 Reposted by 4 other sources
Big Tech pulls Wall Street lower as gold and silver prices bounce higher
The U.S. stock market sank after a mixed day of trading. The S&P 500 fell 0.8% Tuesday. The Dow Jones Industrial Average dipped 0.3%, and the Nasdaq composite lost 1.4%. Nvidia, Microsoft and other influential Big Tech stocks weighed on…
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Total News Sources22
Leaning Left7Leaning Right1Center7Last UpdatedBias Distribution47% Left, 46% Center
Bias Distribution
- 47% of the sources lean Left, 46% of the sources are Center
47% Left
L 47%
C 46%
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