Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
U.S. stocks endured a difficult week as a renewed surge in oil prices and disappointing reactions to Big Tech earnings weighed heavily on investor sentiment.
The S&P 500, Nasdaq Composite and Dow Jones Industrial Average all finished lower, with the Nasdaq leading the declines as Brent crude climbed above $100 per barrel for the first time in months.
Rising energy prices rekindled inflation concerns, prompting investors to reassess expectations for Federal Reserve policy and adding pressure to already stretched technology valuations.
Technology stocks were at the center of the selloff after Alphabet (NASDAQ:GOOG) and (NASDAQ:TSLA) reported earnings that intensified concerns about the soaring cost of artificial intelligence investments.
