Wall Street Falls on Meta Drag, Fed Rate Concerns

Stock market sees volatility as tech giants' AI spending worries investors, while Fed's cautious tone shakes confidence. Despite big tech stocks' drop, Alphabet's rise and strong earnings from most S&P five hundred companies offer some optimism. Market hits record highs, but tech stocks' influence means small disappointments can cause big swings. Outside tech, Cardinal Health's profit boost and Chipotle's sales cut due to inflation and tariffs make headlines. New trade deal between Trump and Xi Jinping barely moves the market, leaving investors cautious as they await big tech and Fed's next moves. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.