News
Tech stocks slide as sellers dominate and China enters bear market
Futures fell across major indices with chip stocks under pressure. Tesla missed forecasts, causing pre‑market decline, while Meta’s beat failed to lift its shares. Nvidia CEO Jensen Huang warned of “off‑the‑charts” demand but the stock slipped. China’s CSI 300 entered bear‑market territory after a 20% drop since June, though sovereign wealth fund inflows rose 190% from 2025. European markets saw Nestlé rise on a sales beat, Barclays cut 5,000 jobs, and SAP pressured despite a sales outlook hike. Security flaws in PHP prompted global alerts from agencies including the FBI and NHS. Texas Senate candidate James Talarico rebuked Elon Musk’s criticism on X.