The Nasdaq hit a three-month low as Alphabet, Amazon, Intel, ServiceNow, and Fortinet earnings triggered a tech selloff. The S&P 500 and Dow erased weekly gains. Outside tech, the Russell 2000 rose, and biopharma, financials, and energy were solid. The Fed held rates steady on a 10-2 vote. Treasury yields tumbled on AI fears despite rising inflation. Microsoft beat on Azure growth. Eli Lilly and several biotechs posted strong results. Memory-chip makers Sandisk and SK Hynix reported huge gains.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.
