The market is easing from record highs, as U.S. equities fell little on Tuesday, setting Wall Street up to expand on the loss from the prior session.
A regulatory obstacle that will prohibit AMD from selling artificial intelligence chips to China was revealed by Bloomberg News, which caused AMD shares to drop more than 2%. After Counterpoint Research released a research revealing that iPhone sales in China had dropped in the first six weeks of 2024, Apple saw a more than 2% decline in value.
The software company GitLab released a subpar full-year outlook, which caused the stock to drop more than 20%. But, Target surged more than 9% after reporting better-than-expected holiday-quarter earnings.
Source (CNBC)
