A scientific paper that purported to lay bare serious flaws in the gene-editing tool known as CRISPR and briefly tanked shares of genome-editing companies has been retracted by its publisher. The paper, published last year in Nature Methods, claimed that CRISPR wreaked havoc on the genome, causing hundreds of unintended mutations in mice — and […]
The last time we checked in with Joseph Edelman, the founder, chief executive and portfolio manager of Perceptive Advisors and its hedge fund, Perceptive Life Sciences, he was buying stocks ahead of the new year. Perceptive is a fund to watch. Edelman famously oversaw a 4% gain in 2016 as the biotech sector tumbled 20%. […]
Many on Wall Street are wondering if the once-leading FANG stocks –Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google parent Alphabet (GOOGL) – are out of favor. Given these top tech stocks’ outsized influence on the S&P 500, there could be cause for investor concern. The FANG stocks, which some have expanded to “FAANG” to […]
After a rough stretch of market volatility, the S&P 500 Index just snapped a quarterly win streak that stretches back to 2015. However, April has a sunnier forecast, according to one strategist. The S&P 500 ended the quarter with a 1 percent loss, its first negative period since the third quarter of 2015. This loss […]
Asian shares climbed Friday, picking up on overnight gains on Wall Street, though many markets in the region were closed for a holiday. Shares in Japan NIK, +1.40% led the way with gains of 1%, followed by stocks in South Korea SEU, +0.39% , Taiwan Y9999, +0.56% and Shenzhen 399106, +1.29% . Markets in Hong […]
Until recently, being a mega-cap stock — and investing in one — was the best way to get returns out of this stock market. Not anymore. As the first quarter of market trading comes to a close, the largest U.S. stocks will go down as the biggest losers. As the tech weighting in the S&P […]
April is usually a good month for stocks, but there are plenty of reasons why it could be cruel this year. As markets leave behind the volatile months of February and March, worries that helped drive stocks lower continue to hang over April. Trade tensions are unresolved, and tech weakness remains a concern as does […]
Tech stocks were a growth engine for the market when the economy was tepid, but recently they’ve been sputtering and their troubles are helping drag the entire market lower. Some of the biggest names in technology have been swooning. Facebook is mired in a scandal over a breach of its user data, leading to calls […]
Stocks got slammed again Tuesday as volatility returned to the market with a vengeance, and according to one trader there’s more downside ahead. On a day when all three major indexes fell thanks to a plunge in the tech sector, including the Dow which dropped back to correction levels, Todd Gordon of TradingAnalysis.com said the sharp decline […]
With high-profile brands and people like Elon Musk abandoning Facebook, CNBC’s Jim Cramer worried that the news would affect the scandal-ridden stock more adversely than expected. “These departures may not seem very large, but … if they continue, they’re going to hurt Facebook’s numbers [and] make it extraordinary difficult to value the stock,” the “Mad […]
Technology shares, which helped power the rise of the US stock market last year, are pulling it lower now. The tech-rich Nasdaq index dropped 0.85% or almost 60 points to 6,949.2 on Wednesday, driven by declines in firms such as Amazon, Tesla and Broadcom. It continued a multi-week sell-off spurred by calls for tighter regulation […]
Portfolio managers holding shares of Facebook Inc, Amazon.com Inc, Netflix Inc, and Google-parent Alphabet Inc say they are increasingly concerned that the data scandal that has sent shares of Facebook down nearly 15 percent year-to-date will spill over into all of the FANG stocks, imperiling the broad market’s momentum at a time when there are […]
