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Stocks Slip on Luxury Spending Pullback, Tech Mixed
WhyEquities declined modestly as credit card data revealed a 6% year-over-year drop in luxury brand purchases during September, signaling wealthy Americans are pulling back ahead of the midterm elections.
- S&P 500 and Nasdaq each fell 0.22%; Dow dropped 0.66%; Russell 2000 down 1.31%
- Microsoft (MSFT) and NVIDIA (NVDA) unveiled AI laptop running models on-device rather than cloud
- 10-year Treasury yield eased while dollar index gained 0.44%
- Fear & Greed index at 71, still in Greed territory but cautious
- Next
- CPI inflation · Wed, Oct 14 · 8:30 AM ET
- NVDA▼ -0.74%· via Yahoo
NVIDIA shares dip 0.74% as Microsoft launches AI laptop with its chips
NVIDIA Corp (NVDA) common stock fell 0.74% to $237.47 as Microsoft Corp and NVIDIA Corp (NVDA) unveiled the Surface Laptop Ultra, an AI laptop running agents on-device rather than via cloud. The stock sits at 92.5% of its 52-week range with an RSI of 84.0.
- HAL▼ -2.96%· via Yahoo
Halliburton Co declines 2.96% amid rising Treasury yields
Halliburton Co (HAL) common stock dropped 2.96% to $31.75 on Monday. The 10-year Treasury yield reached 5.349%, its highest level since April 2002, while the 30-year yield hit 5.703%, according to CNBC. The stock has declined 15.50% over the past six months.
- TMO▲ +0.83%· via Yahoo
Thermo Fisher Scientific Tapped for Quantum BioPharma Phase 2 MS Trial
Thermo Fisher Scientific Inc (TMO) common stock rose 0.83% to close at $662.06. Quantum BioPharma announced it has engaged Thermo Fisher's clinical research business to execute its Phase 2 Lucid-MS trial, a neuroprotective treatment targeting demyelination in multiple sclerosis. The stock now trades at 87.5% of its 52-week range.
Technology led a mixed week as Nasdaq gained 0.7% while Dow fell 1.2%
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