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0.00219570405727927 0.00219570405727927 0.00238663484486874 0.00523150357995228 0.00238663484486874 0.00429594272076375 0.00334128878281631 0.00929832935560863
Stock impact report

Stocks sink and oil prices rise as worries about AI, inflation, and possible war hit Wall Street [Los Angeles Times (CA)]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
A surprisingly discouraging update on inflation also hurt the market, while oil prices climbed with worries about tensions between the United States and Iran. The S&P 500 fell 0.4% and staggered to the finish of just its second losing month in the last 10. The Dow Jones Industrial Average dropped 521 points, or 1.1%, the Nasdaq composite sank 0.9%. The losses came as investors returned to knocking down software companies and other businesses they suspect could get supplanted by AI-powered competitors. Block, the company behind Cash App, Square and other businesses, gave a potential signal of what AI could do after Chair Jack Dorsey said it's cutting its workforce by nearly half. That's even though he said 2025 was a strong year for the company, which is sending more cash to shareholders through stock buybacks. “Intelligence tools have changed what it means to build and run a company,” Dorsey said in a letter to investors while announcing Block's latest profit results. “We're a Show less Read more
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