Gaxos stock soars as the company secures a new agreement with Amazon Web Services. But several underlying risks caution against chasing the rally in GXAI shares.
A number of stocks fell in the afternoon session after fears of disruption from artificial intelligence spooked investors, leading to a broad-based sell-off.
Shares of professional staffing firm Kforce (NYSE:KFRC) fell 5.7% in the afternoon session after the company reported fourth-quarter results that missed profit expectations, overshadowing a slight revenue beat. The company’s revenue for the quarter came in at $332 million, a 3.4% decline compared to the same period in the previous year, though this was slightly ahead of analyst expectations. The main concern for investors was the company's profitability. Kforce’s GAAP earnings per share were $0.30, a figure that fell 35.6% short of consensus estimates. This earnings miss was coupled with a significant decrease in the company's operating margin, which dropped to 2.6% from 4.5% a year earlier, pointing to ongoing profitability pressures.
The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.84%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.55%. March E-mini S&P futures (ESH26 ) fell -0.84%, a...
Shares of software supply chain platform JFrog (NASDAQ:FROG) fell 8.4% in the afternoon session after fears of disruption from artificial intelligence spooked investors, leading to a broad-based sell-off.
A number of stocks fell in the afternoon session after fears of disruption from artificial intelligence spooked investors, leading to a broad-based sell-off.
A number of stocks fell in the afternoon session after fears of disruption from artificial intelligence spooked investors, leading to a broad-based sell-off. The market witnessed a "basket-style reaction," a term for when investors reduce exposure to an entire segment without differentiating between individual company business models. The negative sentiment was widespread, pulling down all of the Magnificent Seven stocks and sending the S&P 500 Information Technology Sector down nearly 3%.
A number of stocks fell in the afternoon session after fears of disruption from artificial intelligence spooked investors, leading to a broad-based sell-off. The market witnessed a "basket-style reaction," a term for when investors reduce exposure to an entire segment without differentiating between individual company business models. The negative sentiment was widespread, pulling down all of the Magnificent Seven stocks and sending the S&P 500 Information Technology Sector down nearly 3%.
The bitcoin slump is weighing companies that offer services in cryptocurrency. Webull allows users to buy, sell, and hold bitcoin and other digital assets.
The dollar index (DXY00 ) on Tuesday fell by -0.21%. The dollar moved lower on Tuesday amid strength in the Chinese yuan, which rose to a 2.5-year high against the dollar. Losses in the dollar accelerated on Tuesday after higher T-note yields erase...
Shares of investment banking firm PJT Partners (NYSE:PJT) fell 6.9% in the morning session after the company reported mixed fourth-quarter 2025 results, where an earnings beat was overshadowed by a miss on revenue expectations.
Shares of chip manufacturer NXP Semiconductors (NASDAQ: NXPI)
fell 7.8% in the morning session after the company reported fourth-quarter results that, despite beating headline estimates, appeared to raise concerns over its underlying business health. While revenue and earnings per share for the quarter surpassed analysts' expectations, investors seemed to focus on other details in the report.
Shares of insurance software provider Guidewire Software (NYSE:GWRE) fell 9.7% in the morning session after a broad sell-off swept through the software sector, driven by growing concerns about the impact of artificial intelligence.
