Wall Street’s major averages finished in the red on Friday as technology stocks continued to lag amid artificial intelligence spending fears and a continued rise in oil prices due to geopolitical issues.
Corporate earnings remained in focus, with Netflix, Tesla, Meta Platforms, and GE To ensure this doesnât happen in the future, please enable Javascript and cookies in your browser
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below Quick Insights Investor concerns about AI spending returns, notably following Meta’s disappointing results, have weighed on technology stocks, contributing to declines.
Major earnings reports produced mixed results: Some companies like Netflix and IBM saw share price declines despite beating expectations, due to concerns about growth or AI returns, while others like GE Aerospace beat expectations and raised outlooks. Rising oil prices tied to geopolitical tensions and ongoing weakness in US housing data have contributed to cautious investor sentiment, weighing on broader market averages