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Stock Market Today: Nasdaq Slips as Chip Stocks Face Pressure; TSMC in Focus — Live Updates WSJStock market today: Dow rises, S&P 500 and Nasdaq fall as chip stocks slide after TSMC earnings Yahoo FinanceChipmakers put pressure on equity indexes globally, oil edges down ReutersSlumping AI stocks overshadow gains for the rest of Wall Street, while oil prices drift AP News
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There's a reason big banks are making record profits.
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Also in today's newsletter: Oil traders warn over fresh supply crunch and Oracle leads race to supply Japan with top-secret cloud services
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The investor has been sharply critical of the stock market, one that he says is increasingly defined by speculative trading as opposed to long-term investing.
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