Apple Slumps Despite Tech Rebound -- WSJ
Dow Jones2026/07/31 13:45By WSJ Staff
Tech stocks are climbing, with Amazon leading the gains. One big exception is Apple, with the iPhone maker selling off after its latest forecasts disappointed investors.
The rebound comes at the end of a turbulent week in which AI concerns, the Iran war, the Federal Reserve and losses at a highflying AI-focused hedge fund whipsawed markets.
Friday's rally is being fueled by relief after the firm, Situational Awareness, sold the bulk of its holdings, investors said. The sale removes the prospect of forced selling by the firm, giving investors more confidence to wade back into AI-related stocks, they said.
The Nasdaq rose more than 1%, with Amazon climbing more than 13% after it reported accelerating cloud-computing sales. That pales in comparison with the 18% jump for South Korea's Kospi, which had plunged in recent weeks after rapid gains earlier this year fueled by a frenzy in AI-related stocks.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
July 31, 2026 09:45 ET (13:45 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Argus raises Dell's target price to $560
Yelooo Integra Datanet corrects July securities holders registration report
Cakra Buana Resources Energi shareholder Republik Capital cuts stake to 9.3% from 11.3%
Preferred shares of South Korean companies are trading at a record 45% discount in ten years; Samsung's 110 trillion won buyback plan may help eliminate the "Korea discount"
Samsung Electronics' highly anticipated stock buyback plan is raising investor expectations that the South Korean giant will purchase non-voting preferred shares, narrowing their deep discount and setting a precedent for other companies.
Crypto prices
More
