{"id":180284,"date":"2025-12-12T14:11:14","date_gmt":"2025-12-12T14:11:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/180284\/"},"modified":"2025-12-12T14:11:14","modified_gmt":"2025-12-12T14:11:14","slug":"wall-street-mixed-while-sell-off-in-ai-continues","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/180284\/","title":{"rendered":"Wall Street mixed while sell-off in AI continues"},"content":{"rendered":"

Trading on Wall Street is mixed early Friday as worries persist about a potential bubble <\/a> in artificial-intelligence<\/a> technology, despite another strong earnings report from the sector.<\/p>\n

Futures for the S&P 500 slipped less than 0.2%, while futures for the Dow Jones Industrial Average rose 0.2%. Futures for the Nasdaq, where the biggest technology players are listed, fell 0.5%.<\/p>\n

The Dow this week is up more than 1.5%, while the Nasdaq is treading water. <\/p>\n

Broadcom shares sank nearly 6% overnight as concerns over its sales projections and margin pressure overshadowed record revenue from the chipmaker and AI heavyweight. <\/p>\n

A day earlier, Oracle handily beat profit expectations but its stock tumbled more than 10% because of the company\u2019s spending blitz. Capital spending for the quarter was 40% higher than industry analysts had anticipated.<\/p>\n

Doubts<\/a> are weighing on the AI industry <\/a> broadly, even as many billions of dollars continue to flow <\/a> in. Tech is the only sector in the red before markets open Friday. <\/p>\n

In other trading, Lululemon jumped nearly 10% after it announced CEO Calvin McDonald planned to step down<\/a> at the end of January. The company, which also posted strong third-quarter sales and profit, said it has begun to search for McDonald\u2019s replacement.<\/p>\n

At midday in Europe, Germany\u2019s DAX ticked up 0.1% and the CAC 40 in Paris gained 0.5%. Britain\u2019s FTSE 100 was unchanged.<\/p>\n

Japan\u2019s Nikkei 225 index climbed 1.4% to 50,836.55, rebounding from the previous session\u2019s losses.<\/p>\n

Investors remain cautious ahead of next week\u2019s policy meeting of the Bank of Japan, where it is expected to raise interest rates, but technology shares helped lead broad gains.<\/p>\n

Softbank Group gained 3.9% after an early jump of 6%. <\/p>\n

In Chinese markets, Hong Kong\u2019s Hang Seng index rose 1.8% to 25,976.79, while the Shanghai Composite index picked up 0.4% to 3,889.35.<\/p>\n

An annual planning meeting, the Central Economic Work Conference in Beijing on Wednesday to Thursday, set China\u2019s priorities for 2026. According to state media reports, those include working to reverse a decline in investment and to boost consumer spending. However, no major policy shifts were reported. <\/p>\n

In Australia, the S&P\/ASX 200 rose 1.2% to 8,697.30. <\/p>\n

In Seoul, South Korea\u2019s Kospi climbed 1.4% to 4,167.16.<\/p>\n

Taiwan\u2019s Taiex index added 0.6% while India\u2019s BSE Sensex rose 0.5%.<\/p>\n

U.S. benchmark crude oil gave back 8 cents to $57.52 per barrel. Brent crude, the international standard, lost 11 cents to $61.17 per barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"Trading on Wall Street is mixed early Friday as worries persist about a potential bubble in artificial-intelligence technology,…\n","protected":false},"author":2,"featured_media":180285,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,4177,2708,138,114787,3510,3717,1202,111,139,69,5746,5018,145,28083,255],"class_list":["post-180284","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-beijing","tag-broadcom-inc","tag-business","tag-calvin-mcdonald","tag-financial-markets","tag-general-news","tag-information-technology","tag-new-zealand","tag-newzealand","tag-nz","tag-oracle-corp","tag-stocks-and-bonds","tag-technology","tag-washington-news","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/180284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=180284"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/180284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/180285"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=180284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=180284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=180284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}