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 […]
CNBC’s Jim Cramer doesn’t exactly have a rosy outlook on the future of the oil industry. “You know what? Long term in the oil world’s quite bad,” the “Mad Money” host told a caller in a sell-off strategy session after Tuesday’s market drop. Cramer referenced his Monday segment on Wall Street’s newfound hate of natural […]
The wild ride on Wall Street just got crazier. The Dow dropped 345 points, or 1.4%, on Tuesday, completely reversing a 244-point gain from early in the day. The sell-off followed Monday’s 670-point spike. The Nasdaq plunged nearly 3% — wiping out nearly all of Monday’s huge gains for the tech sector. The Nasdaq is […]
A steep, late-afternoon sell-off in technology companies pulled U.S. stocks sharply lower Tuesday, knocking 344 points off the Dow Jones industrial average. The market slide erased modest gains from earlier in the day and much of a powerful rally from the day before. Banks also weighed on the market as bond yields declined. Investors bid […]
The tech sector sell-off is not just about Facebook’s data scandal anymore. Several of the market’s favorite technology stocks tanked as investors grew concerned over the companies’ ambitious growth following new developments Tuesday. The NYSE FANG index fell 5.6 percent on Tuesday and is down 6 percent over the last week, its worst showing since […]
