Tech Slump Weighs on Stocks as Earnings Pour In, Metals Shine and Apple Looks to AI
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US stock futures stumbled on Friday as techs lost their winning ways, with investors looking to bank earnings for inspiration.
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BlackRock results got earnings season going early Friday, with shares popping after a 36% profit jump.
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Precious metals continued to shine Gold rallied above $2,400 to a fresh record, and silver traded at its highest since early 2021.
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JP Morgan profit rose as it earned more from interest payments, while Wells Fargo saw earnings shrink as interest income fell.
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Apple's stock has lagged on iPhone sales headwinds and services concerns, but its valuation is moderating amid investor appetite for it as an AI play.