Shares of technology companies resumed their recent slump following a violent rally Wednesday. One of the hallmarks of a bear market is intense, short-lived rallies.
Generative artificial-intelligence is going to reinvent virtually every customer experience and enable entirely new ones that have only been dreamed about, Amazon Chief Executive Andy Jassy said in a letter to shareholders. Separately, Jassy pledged that the online mega-store would strive to avoid price increases despite the likely impact of tariffs.
Shares of electric-car maker Tesla fell after an epic gain on Wednesday. Tesla supplier STMicroelectronics backed Chief Executive Jean-Marc Chery after an Italian government minister criticized management.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
April 10, 2025 17:51 ET (21:51 GMT)
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