The stock market has been pricing in a strong economy, even if “conditions are lining up to disappoint those elevated expectations,” says Bob Elliott, co-founder of Unlimited Funds.

While investors may be concentrating their bets on key tech stocks such as Nvidia (NVDA), Microsoft (MSFT)and Alphabet (GOOG, GOOGL), which are all big AI plays, it may also be symptomatic of an unhealthy market. In contrast, a broader market would see more stocks hitting highs, as “a rising tide lifts all ships.”

This AI infrastructure play has delivered bigger gains than its larger peers since going public earlier this year.

Stocks often rise the week of the Fed’s big Jackson Hole gathering. Don’t count on it this year.

On Wednesday, Wall Street settled on a mixed due to continued sell-off in the technology stocks and mixed retail earnings. The S&P 500 index fell 0.24 per cent and the tech-heavy Nasdaq Composite index was down 0.67 per cent. However, the Dow Jones Industrial Average index closed almost flat with a positive bias.

With inflation eating into your savings, relying solely on your nine-to-five paycheck might not be enough. This is where investing comes in. The stock market is in the red again, with major indexes wobbling on renewed concerns about economic growth and interest rate policy.

The AI boom could be a $16 trillion gift to the stock market, but AI-driven value creation could mean tough times ahead for workers.

So, if you had invested $1,000 in Tilray five years ago, you'd have about $163 left as of this writing. By comparison, $1,000 invested in the S&P 500 five years ago would be worth $2,067 today.

Among the Nasdaq 100 stocks, Analog Devices ADI and Palo Alto Networks PANW rallied 3.7% and 1.6%, respectively, making them some of the best performers at the market open. On the downside, Intel INTC and Micron Technology MU tumbled 4.1% and 3.6%, respectively.