Earnings accelerate this week with a host of companies including Meta Platforms and Tesla. Last week was the worst since June for the Nasdaq as debt fears sent AI stocks reeling.
Tech and chip stocks are bouncing back from last week’s sell-off as investors prepare for Q3 earnings reports which include SpaceX, Meta Platforms and Tesla.
Stocks are on track for weekly losses as concerns around the AI infrastructure buildout, rising borrowing costs and inflationary pressures weigh on investor sentiment.
Yesterday's sell-off, steepest in tech, reflected higher-than-expected growth in core consumer prices. The Producer Price Index (PPI) today could provide more inflation insight.
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