Wall Street, stocks
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The buzziest private companies are being sold to a select few as the universe of stocks everyone else can invest in shrinks rapidly.
Wall Street set records, even as a sell-off for Oracle and worries about a potential bubble in artificial intelligence technology weighed on the market.
The S&P 500 Has Soared 92% During This Bull Market. History Says the Stock Market Will Do This in 2026. Historically, the S&P 500 has returned an average of 184% during bull markets.
The U.S. stock market remains largely quiet as Wall Street waits to hear from the Federal Reserve in the afternoon
“The market continues to [hit] record highs on the back of strong earnings and easing U.S.–China trade tensions,” said Mark Hackett, chief market strategist at Nationwide, who calls the current state of “steady growth without irrational exuberance” a ”Goldilocks environment.”
Wall Street is diversifying out of tech stocks, with Broadcom the latest AI name to disappoint after earnings.
The U.S. stock market is flirting with its all-time high after the Federal Reserve cut its main interest rate to bolster the job market.
Notably, Warren Buffett’s Berkshire Hathaway Inc. trimmed its Apple stake by 15% in the third quarter, while building a position in the latest hot AI play, Alphabet Inc. However, Apple remains the biggest position in Berkshire’s equity portfolio by market value.