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The sale came one day after Amazon shares hit an all-time high and pushed the company's market value above $3 trillion.
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What a difference a week makes. The S&P 500 has surged more than 6% over the past five days, its biggest gain since last year's tariff tantrum.
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ADP said U.S. businesses created just 44,000 new jobs in July — the smallest increase in six months — in another sign of a sluggish labor market in which hiring is unusually soft.
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SpaceX's first-ever earnings show higher revenues and huge spending BBCSpaceX dives 10% after AI spending surge rattles investors CNBCStock Market Today: Stock Futures Tick Up, SpaceX Stock Slips Off-Hours — Live Updates WSJElon Musk delivers 'totally nuts' plans for moon robots and insists $1 trillion revenue target will hit but capex tanks SpaceX on debut earnings FortuneSpaceX's stock falls after earnings
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Building out market infrastructure is welcome but the country's economic challenges could remain a deterrent
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Bank of America was among the prime brokers for the hedge fund, which is run by Leopold Aschenbrenner.
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Wall Street bears continue to sound the alarm on a top-heavy market.
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The grouping of companies called the Magnificent Seven just did something that they haven't since the introduction of ChatGPT sent the market into an artificial intelligence-sparked frenzy.
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Investors finally show signs of growing weary of the painfully obvious nonsense
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