US big tech stocks fall in Europe
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U.S. stocks finished lower on Wednesday, led by a drop in the Nasdaq, with technology shares declining as investors moved into more defensive areas, while bank stocks extended recent losses following some mixed quarterly results.
NEW YORK (AP) — Broadcom is leading artificial-intelligence stocks lower on Friday, but other areas of the market that used to get left behind by Big Tech are picking up some of the slack. That’s keeping Wall Street indexes near their record heights.
Energy stocks were among the biggest gainers in the SP500 index today as traders focused on the continuation of the rally in the oil markets, which was triggered by U.S. threats against Iran. Tech stocks found themselves under significant pressure.
Q4 2025 saw outflows from tech stocks that went directly into defensive stocks over gears of tech overvaluation and hype.
Brokerage firm Jefferies, maintained its "buy" rating on the stock on Tuesday, but cut its price target to ₹5,940 from ₹7,780 earlier. The revised price target also implies a 55% upside potential from current levels.
Losses for several banks and Big Tech stocks pulled indexes lower on Wednesday, even though the majority of stocks on Wall Street rose.
The EU has rejected the demand as blackmail and is preparing retaliatory steps while urgently pushing for diplomacy. Cara Angeline Oliver reports.