Market wrap: Nasdaq 100 rises overnight after a slump in technology stocks
3 years, 10 months ago

Market wrap: Nasdaq 100 rises overnight after a slump in technology stocks

Hindustan Times  

Nasdaq 100 futures climbed Tuesday after an overnight slump in technology stocks and Asian shares erased losses as Chinese state-backed funds intervened to alleviate domestic declines. The S&P 500 shed intraday gains as the retreat in high-valuation stocks offset a rise in financial and materials shares. China’s CSI 300 equity gauge plunged more than 3% before bouncing back after state-related funds stepped in to ensure market stability. At the same time, price pressures and rising long-term borrowing costs loom as threats for equities generally, after a prolonged period in which ultra-low rates helped lift markets.

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History of this topic

Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles
2 months, 1 week ago

Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles

LA Times  

Rallying technology stocks sent the Nasdaq composite index to a record on Tuesday, but trading was mixed elsewhere on Wall Street as home builders and Ford Motor sank after the latest profit reports. The S&P 500 rose 0.2%, inching closer to its all-time high set earlier this month, even though most of the stocks in the index fell for the …

Stock market today: Asian shares sink, weighed down by Wall St tech retreat, China policy questions
5 months, 3 weeks ago

Stock market today: Asian shares sink, weighed down by Wall St tech retreat, China policy questions

Associated Press  

Asian shares retreated Friday after a broad washout across Wall Street dragged U.S. stocks lower, and Hong Kong’s benchmark fell more than 2% as investors remained wary over China’s plans for helping its ailing property sector. AP AUDIO: Stock market today: More drops for big tech stocks keep dragging Wall Street lower AP business correspondent Seth Sutel has the AP …

Tech Stocks Drive Nasdaq as US Stocks Struggle Amid Debt Ceiling Uncertainty
1 year, 7 months ago

Tech Stocks Drive Nasdaq as US Stocks Struggle Amid Debt Ceiling Uncertainty

News 18  

U.S. stocks struggled for gains with tech shares putting the Nasdaq out front on Monday, and benchmark Treasury yields rose amid wavering optimism over a debt ceiling deal from Washington. “It feels like there’s some optimism regarding talks on the debt ceiling,” said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. European stocks ended the session higher as investors …

US futures lower on the dawn of Elon Musk era at Twitter
2 years, 2 months ago

US futures lower on the dawn of Elon Musk era at Twitter

India TV News  

Wall Street pointed toward declines before markets opened Friday, but most major U.S. indices were still on track for rare back-to-back weekly gains, as an awful week for technology companies comes to a close and the Elon Musk era at Twitter begins. Amazon’s dour forecast came after Facebook’s parent company, Meta Platforms, plummeted 24.6% for the biggest drop in the …

Nasdaq falls as US export controls on China weigh on chip stocks
2 years, 2 months ago

Nasdaq falls as US export controls on China weigh on chip stocks

Live Mint  

The Nasdaq hit a two-year low on Monday as chipmakers bore the brunt of US efforts to hobble China's semiconductor industry, while caution reigned ahead of the start of the earnings season. The Philadelphia SE Semiconductor index tumbled 3.5% to also touch a two-year low, after the Biden administration published a set of export controls on Friday, including a measure …

Tech stocks are on their longest losing streak since Trump was elected
5 years, 5 months ago

Tech stocks are on their longest losing streak since Trump was elected

CNN  

New York CNN Business — The escalating US-China trade war is crushing the stocks of technology companies. The Nasdaq plunged 3.5% Monday, posting its sixth-straight down day — the longest losing streak since a nine-day declne in late October and early November 2016, just before President Donald Trump’s election as president. Trade tension with China is having an outsized impact …

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