Citi’s Montagu Warns US Tech Rally at Risk From Profit Taking

US technology stocks face growing risks as investors seek to cash in on this year’s record-breaking rally, according to Citigroup Inc. strategists. The Nasdaq 100 is most vulnerable to the threat, after soaring 46% from its April lows thanks to resurgent enthusiasm...

Hamas Agrees to Release Israeli Hostages But Sets Conditions

Hamas agreed to release the last of the hostages from its 2023 attack on Israel but said the rest of a US peace plan would be subject to negotiation, a stance that offered uncertain hopes for an end to the conflict in Gaza. President Donald Trump responded favorably...

OpenAI Valuation Reaches $500 Billion, Topping Musk’s SpaceX

The rally in tech stocks took a breather Friday, pulling back from this week’s record highs. AI optimism was countered by President Donald Trump’s warning to Hamas and signs of a weakening economy as a US government shutdown extended into its third day. The dollar...

US Services Gauge Falls on Weakest Business Activity Since 2020

The US service sector stalled in September as business activity shrank for the first time since the pandemic and orders barely expanded. The Institute for Supply Management’s index of services dropped 2 points to 50, a level that indicates stagnation, the group said...

Apple Adds a Bear as Jefferies Downgrades, Sees 20% Downside

Apple Inc. received a relatively rare bearish analyst rating on Friday, as Jefferies warned that expectations surrounding how fast customers will upgrade their iPhones had become excessive. Analyst Edison Lee cut his rating on the stock to underperform from hold,...