Stocks have worst day in a month
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Stock futures have inched up following the market's worst day in over a month, erasing weeks of gains and pulling back from record highs.
The Cboe Volatility Index, better known as the VIX or Wall Street's "fear gauge," is on the rise once again on Thursday with stocks headed for another tech-driven selloff. The fear gauge was up 11% in recent trade at 19.
Wall Street's broader market averages are under heavy pressure on Thursday afternoon with the Nasdaq Composite (COMP:IND) dropping over 2% and both the S&P 500 (SP500) and the Dow (DJI) both lower by 1.
The long-awaited bill is finally taking shape and traditional finance is calling it the biggest regulatory overhaul since Dodd-Frank.
Alibaba reportedly preps revamp of AI app to resemble ChatGPT. China's Baidu sets stage for new AI chips at its annual tech event. Jobs, CPI reports for October may never be released - WH.
All month, investors have been rotating out of this year’s hottest tech stocks into less favored sectors. That trend was still in place to an extent on Thursday. But weakness was also more broad-based,
Wall Street was set to open in the red on Thursday as investors awaited indications on the U.S. economy and the monetary policy path after President Donald Trump signed a bill ending the longest government shutdown in the country's history.