Nasdaq slides 3% as megacap stocks bashed ahead of earnings
2 years, 8 months ago

Nasdaq slides 3% as megacap stocks bashed ahead of earnings

Live Mint  

The tech-heavy Nasdaq led Wall Street lower on Tuesday with a 3% slump, as nerves ahead of earnings from megacap growth and technology companies added to concerns over slowing global growth and a more aggressive Federal Reserve. Market-leading growth stocks have been hammered this year as investors fret over the impact of higher interest rates on their future earnings, while China's COVID-19 led lockdown and hawkish pivot by major central banks have overshadowed what has been a better-than-expected earnings season so far. United Parcel Service Inc slipped 3.9% despite reporting a rise in quarterly adjusted profit, while U.S. hospital operator Universal Health Services Inc slumped 9.1% after its earnings missed estimates. Meanwhile, data showed U.S. consumer confidence edged lower in April, though households planned to buy automobiles and many appliances, which should help underpin consumer spending in the second quarter.

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History of this topic

How major US stock indexes fared Tuesday, 1/7/2025
Trending News
1 day, 14 hours ago

How major US stock indexes fared Tuesday, 1/7/2025

Associated Press  

Good news on the U.S. economy is back to being bad for Wall Street. The Dow Jones Industrial Average dropped 0.4%, and the Nasdaq composite tumbled 1.9%. While the strong reports on the U.S. job market and business activity were good news for anyone worried about a possible recession, they could also make it less likely the Federal Reserve will …

How major US stock indexes fared Tuesday, 12/31/2024
Trending News
1 week, 1 day ago

How major US stock indexes fared Tuesday, 12/31/2024

Associated Press  

Stock indexes closed mostly lower on Wall Street on the final day of another record-setting year. The S&P 500 slipped 0.4% Tuesday, but still managed to rack up a gain of 23.3% for the year, its second straight year with gains of more than 20%. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite lost 0.9%. Big Tech …

Dow ends up to extend win run to five; rising yields pressure megacap stocks
1 week, 6 days ago

Dow ends up to extend win run to five; rising yields pressure megacap stocks

Live Mint  

* Weekly jobless claims at 219,000, below estimates * Crypto stocks fall tracking losses in bitcoin * Yield on U.S. 10-year Treasuries hits highest since May * Indexes: Dow up 0.07%, S&P 500 down 0.04%, Nasdaq off 0.05% By David French Dec 26 - The Dow Jones Industrial Average closed fractionally higher on Thursday, stretching its winning streak to five …

How major US stock indexes fared Thursday, 12/26/2024
Trending News
1 week, 6 days ago

How major US stock indexes fared Thursday, 12/26/2024

Associated Press  

Stock indexes drifted to a mixed finish on Wall Street as some heavyweight technology and communications sector stocks offset gains elsewhere in the market. The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite fell 0.1%. The Labor Department reported that U.S. applications for unemployment benefits held steady last week, though continuing claims rose to the highest level in …

How major US stock indexes fared Friday, 12/20/2024
2 weeks, 5 days ago

How major US stock indexes fared Friday, 12/20/2024

Associated Press  

U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The Dow Jones Industrial Average jumped nearly 500 points, and the Nasdaq composite gained 1%. On Friday: The S&P 500 rose 63.77 points, or 1.1%, to 5,930.85. The Dow Jones Industrial Average rose 498.02 points, or …

How major US stock indexes fared Tuesday, 12/17/2024
3 weeks, 1 day ago

How major US stock indexes fared Tuesday, 12/17/2024

Associated Press  

U.S. stock indexes closed lower and gave back some of their stellar gains for the year. The S&P 500 fell 0.4% Tuesday, though it’s still near its all-time high set earlier this month. The Dow Jones Industrial Average fell 0.6%, and the Nasdaq composite fell 0.3% from its record set the day before. The Dow Jones Industrial Average fell 267.58 …

Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve’s meeting
3 weeks, 3 days ago

Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve’s meeting

LA Times  

The New York Stock Exchange is shown behind the statue titled “Fearless Girl” on Dec. 12, 2024. U.S. stock indexes drifted amid mixed trading Monday ahead of this week’s meeting by the Federal Reserve that could set Wall Street’s direction into next year. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a …

How major US stock indexes fared Thursday, 12/12/2024
Trending News
3 weeks, 6 days ago

How major US stock indexes fared Thursday, 12/12/2024

Associated Press  

U.S. stock indexes drifted lower following some potentially discouraging data on the economy. The Dow Jones Industrial Average fell 0.5%, and the Nasdaq composite dropped 0.7% from its record set the day before. On Thursday: The S&P 500 fell 32.94 points, or 0.5%, to 6,051.25. The Dow Jones Industrial Average fell 234.44 points, or 0.5%, to 43,914.12. The Russell 2000 …

Wall Street today: S&P 500, Nasdaq slid at US market open as investors eye economic data ahead of Fed meeting
3 weeks, 6 days ago

Wall Street today: S&P 500, Nasdaq slid at US market open as investors eye economic data ahead of Fed meeting

Live Mint  

Wall Street today: The US markets opened today with the S&P 500 and the Nasdaq losing points on Thursday, after closing higher at the previous market close. At 9:37 a.m., the Dow Jones Industrial Average rose 0.09 per cent to 44,188.62 points, the S&P 500 dropped 0.26 per cent to 6,068.64 points and the Nasdaq Composite fell 0.48 per cent …

How major US stock indexes fared Wednesday, 12/11/2024
4 weeks ago

How major US stock indexes fared Wednesday, 12/11/2024

Associated Press  

Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. On Wednesday: The S&P 500 rose 49.28 points, or 0.8%, to 6,084.19. The Dow Jones Industrial Average fell 99.27 points, or 0.2%, to 44,148.56. The Nasdaq composite rose 347.65 points, or 1.8%, to …

Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000
4 weeks, 1 day ago

Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000

Associated Press  

NEW YORK — U.S. stock indexes got back to climbing on Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. Stocks got a boost as expectations built that Wednesday’s inflation data will allow the Fed to deliver another cut to interest rates at its meeting next week. …

Stock market today: Wall Street slips to a rare back-to-back loss
4 weeks, 2 days ago

Stock market today: Wall Street slips to a rare back-to-back loss

Associated Press  

NEW YORK — U.S. stock indexes drifted lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. AP AUDIO: Stock market today: Wall Street drifts as it waits for inflation data Investors are looking for direction on Wall Street. Wednesday’s update and a report on Thursday about …

Can stocks pull off a third consecutive year of big gains?
1 month ago

Can stocks pull off a third consecutive year of big gains?

Live Mint  

Wall Street is grappling with whether another year of robust gains is possible for a stock market that is looking precariously expensive. JPMorgan Chase, Morgan Stanley and Goldman Sachs project that the S&P 500 will reach 6500 by the end of next year, a 6.7% increase from Friday’s close of roughly 6090. It would now take erasing the gains of …

How major US stock indexes fared Thursday, 12/5/2024
1 month ago

How major US stock indexes fared Thursday, 12/5/2024

Associated Press  

U.S. stocks slipped below their records in the runup to a big jobs report due on Friday. The Dow Jones Industrial Average lost 0.6%, while the Nasdaq composite fell 0.2%. On Thursday: The S&P 500 fell 11.38 points, or 0.2%, to 6,075.11. The Dow Jones Industrial Average fell 248.33 points, or 0.6%, to 44,765.71. The Russell 2000 index of smaller …

Wall Street today: S&P 500 and Dow Jones slip, Nasdaq edges higher
1 month ago

Wall Street today: S&P 500 and Dow Jones slip, Nasdaq edges higher

Live Mint  

Wall Street stock indices were mixed on Tuesday after the S&P 500 and the Nasdaq hit record high levels in the previous session. As of 10:15 am Eastern time, the S&P 500 was down 0.1 per cent, the Dow Jones Industrial Average dropped 0.2 per cent, and the Nasdaq Composite edged up by 0.1 per cent. At the opening bell, …

Wall Street turns positive as Dow hits one-week high
Trending News
1 month, 2 weeks ago

Wall Street turns positive as Dow hits one-week high

Live Mint  

* Amazon drops after report on EU investigation next year * Alphabet slips after Justice Department pushes for Chrome sale * Deere shares up after Q4 profit beats estimates * Indexes up: Dow 1.19%, S&P 500 0.65%, Nasdaq 0.22% By Abigail Summerville and Johann M Cherian Nov 21 - Wall Street's main indexes turned positive after choppy trading on Thursday, …

Nasdaq ends lower, S
1 month, 2 weeks ago

Nasdaq ends lower, S

Live Mint  

* Target plunges after muted holiday-quarter sales forecast * Nvidia slips before results due after market close By Abigail Summerville and Lisa Pauline Mattackal Nov 20 - The tech-heavy Nasdaq closed lower on Wednesday, taking a break from the prior session's rally as investors worried about escalation of Russia-Ukraine tensions and weak results from Target, while awaiting earnings from megacap …

Wall Street today: US stocks drop amid geopolitical tensions, Nvidia earnings in focus, Target tanks 20%
1 month, 2 weeks ago

Wall Street today: US stocks drop amid geopolitical tensions, Nvidia earnings in focus, Target tanks 20%

Live Mint  

US stocks dropped on Wednesday amid escalating geopolitical tensions between Russia and Ukraine, and as investors awaited chip giant Nvidia's quarterly results. At 09:53 am the Dow Jones Industrial Average rose 1.09 points to 43,270.03, the S&P 500 lost 20.79 points, or 0.35 per cent, to 5,896.19 and the Nasdaq Composite lost 94.90 points, or 0.50 per cent, to 18,892.57. …

How major US stock indexes fared Tuesday, 11/19/2024
1 month, 2 weeks ago

How major US stock indexes fared Tuesday, 11/19/2024

Associated Press  

Nvidia and other tech companies pulled U.S. stock indexes higher after they stumbled in the morning on worries about escalations in the Russia-Ukraine war. The Nasdaq composite also erased an early loss to turn 1% higher, while the Dow Jones Industrial Average slipped 0.3%. On Tuesday: The S&P 500 rose 23.36 points, or 0.4%, to 5,916.98. The Dow Jones Industrial …

How major US stock indexes fared Monday, 11/18/2024
1 month, 3 weeks ago

How major US stock indexes fared Monday, 11/18/2024

Associated Press  

Most U.S. stocks ticked higher to recover some of their sharp slide from last week. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite gained 0.6%. On Monday: The S&P 500 rose 23.00 points, or 0.4%, to 5,893.62. The Dow Jones Industrial Average fell 55.39 points, or 0.1%, to 43,389.60. The Russell 2000 index of smaller companies rose …

How major US stock indexes fared Friday, 11/15/2024
1 month, 3 weeks ago

How major US stock indexes fared Friday, 11/15/2024

Associated Press  

U.S. stocks fell to their worst loss since Election Day as the rally that Wall Street got from last week’s victory for Donald Trump and a cut to interest rates by the Federal Reserve kept fading. The Dow Jones Industrial Average dropped 0.7%, and the Nasdaq composite fell 2.2%. The Dow Jones Industrial Average fell 305.87 points, or 0.7%, to …

Stock market today: Wall Street weakens as its post-election boom slows some more
1 month, 3 weeks ago

Stock market today: Wall Street weakens as its post-election boom slows some more

Associated Press  

NEW YORK — U.S. stocks slipped Thursday as the market’s big burst following Donald Trump’s election continued to cool. Cisco Systems’ 2.1% drop weighed on the market, even though the tech giant reported stronger profit for the latest quarter than analysts expected. It’s a turnaround from the election’s immediate aftermath, when the thought was that an “America First” president would …

Wall Street weakens as its post-election boom slows some more
1 month, 3 weeks ago

Wall Street weakens as its post-election boom slows some more

LA Times  

The Standard & Poor’s 500 index fell 0.6%, though it’s still near its all-time high set Monday. Cisco Systems’ drop of 2.1% weighed on the market, even though the tech giant reported stronger profit for the latest quarter than analysts expected. It’s a turnaround from the election’s immediate aftermath, when the thought was that an “America first” president would benefit …

How major US stock indexes fared Tuesday, 11/12/2024
1 month, 3 weeks ago

How major US stock indexes fared Tuesday, 11/12/2024

Associated Press  

U.S. stocks edged lower as momentum came out of the torrid “Trump trade” that swept Wall Street following Donald Trump’s presidential victory. The Dow Jones Industrial Average fell 0.9%, and the Nasdaq composite slipped 0.1%. On Tuesday: The S&P 500 fell 17.36 points, or 0.3%, to 5,983.99. The Dow Jones Industrial Average fell 382.15 points, or 0.9%, to 43,910.98.

How major US stock indexes fared Monday, 11/11/2024
Trending News
1 month, 4 weeks ago

How major US stock indexes fared Monday, 11/11/2024

Associated Press  

Most U.S. stocks rose on Wall Street, but drops for Nvidia and some other heavyweight Big Tech companies kept indexes in check. The S&P 500 added 0.1% Monday, coming off last week’s spurt spurred by Donald Trump’s presidential victory and the Federal Reserve’s cut to interest rates. The Dow Jones Industrial Average jumped 0.7%, and the Nasdaq composite edged up …

US Stock Market Surges, Oil Prices Climb, and Treasury Yields Dip
Trending News
2 months ago

US Stock Market Surges, Oil Prices Climb, and Treasury Yields Dip

Associated Press  

US stock markets enjoyed a mixed performance on Monday, with the S&P 500 and Dow Jones Industrial Average showing slight losses, while the Nasdaq composite lost ground. Oil prices climbed, while Treasury yields dropped. The Chinese government's decision on stimulus for the world's second-largest economy is expected to be a major factor to watch for investors.

Stock market today: Asia shares decline as investors await earnings, US elections and economic data
2 months, 1 week ago

Stock market today: Asia shares decline as investors await earnings, US elections and economic data

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. South Korea's Kospi dropped 1.2% …

Wall Street pulls back from its records
2 months, 2 weeks ago

Wall Street pulls back from its records

LA Times  

People pass the New York Stock Exchange in New York’s Financial District on Oct. 16, 2024. U.S. stocks edged back from their all-time highs Monday as some of the steam came out of Wall Street’s long, record-breaking rally. Crude oil prices rose to regain some of last week’s sharp losses, while U.S. Treasury yields climbed and stock indexes mostly fell …

How major US stock indexes fared Wednesday, 9/18/2024
3 months, 3 weeks ago

How major US stock indexes fared Wednesday, 9/18/2024

Associated Press  

Wall Street wavered near its records after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates. The Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite gave back 0.3%. On Wednesday: The S&P 500 fell 16.32 points, or 0.3%, to 5,618.26. The Dow Jones Industrial Average fell 103.08 points, or …

How major US stock indexes fared Monday, 8/26/2024
4 months, 1 week ago

How major US stock indexes fared Monday, 8/26/2024

Associated Press  

The Dow Jones Industrial Average closed at a record high on Wall Street, even as losses for Big Tech companies pulled the S&P 500 and the Nasdaq composite lower. The mixed trading came at the start of a week featuring another full slate of corporate earnings and the government’s latest inflation reading. The Dow Jones Industrial Average rose 65.44 points, …

How major US stock indexes fared Thursday, 8/22/2024
4 months, 2 weeks ago

How major US stock indexes fared Thursday, 8/22/2024

Associated Press  

Stocks closed lower in the run-up to Wall Street’s main event for the week, a speech by Federal Reserve Chair Jerome Powell coming on Friday. The Dow dropped 177 points, or 0.4%, and the Nasdaq composite sank 1.7%. On Thursday: The S&P 500 fell 50.21 points, or 0.9%, to 5,570.64. The Dow Jones Industrial Average fell 177.71 points, or 0.4%, …

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts
4 months, 2 weeks ago

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts

Associated Press  

NEW YORK — U.S. stocks ticked higher Wednesday after more big companies delivered profit reports that topped analysts’ expectations. The hope is he’ll offer clues about how deeply and quickly the Fed will begin cutting interest rates next month after it jacked them to a two-decade high to beat inflation. Most Federal Reserve officials agreed last month that they would …

How major US stock indexes fared Tuesday, 8/20/2024
4 months, 2 weeks ago

How major US stock indexes fared Tuesday, 8/20/2024

Associated Press  

U.S. stocks ticked lower and snapped an eight-day winning streak, the longest of the year. The S&P 500 fell 0.2% Tuesday, but it’s still just 1.2% below its all-time high set last month. The Dow Jones Industrial Average slipped 0.2%, and the Nasdaq composite fell 0.3%. The Dow Jones Industrial Average fell 61.56 points, or 0.2%, to 40,834.97. The Russell …

How major US stock indexes fared Friday, 8/16/2024
4 months, 3 weeks ago

How major US stock indexes fared Friday, 8/16/2024

Associated Press  

U.S. stocks drifted higher as Wall Street coasted to the close of its best week since November. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite gained 0.2%. On Friday: The S&P 500 rose 11.03 points, or 0.2%, to 5,554.25. The Dow Jones Industrial Average rose 96.70 points, or 0.2%, to 40,659.76. The Russell 2000 index of smaller …

Stocks are crashing—that’s a great reason to sit tight
5 months ago

Stocks are crashing—that’s a great reason to sit tight

Live Mint  

The red numbers in your 401 today might appear to vindicate warnings about an artificial-intelligence bubble and infirm economy. Also, consumer discretionary stocks have become the worst-performing sector in the S&P 500, as lackluster labor-market reports have raised worries that the Federal Reserve made a mistake by waiting until September to cut interest rates. The most eye-popping moves happened in …

S&P 500 Falls 3% in Biggest One-Day Drop Since September 2022
5 months ago

S&P 500 Falls 3% in Biggest One-Day Drop Since September 2022

Bloomberg  

Now that the dust has settled on Monday’s selloff, let’s take stock of what’s become the worst three-day slide since June 2022. Here are five Key Takeaways from Monday’s markets: The benchmark S&P 500 and the tech-heavy Nasdaq 100 each dropped 3% on Monday while the Russell 2000 dropped 3.3%. Losses across big tech were the primary drivers, with slides …

How major US stock indexes fared Thursday, 8/1/2024
5 months, 1 week ago

How major US stock indexes fared Thursday, 8/1/2024

Associated Press  

U.S. stocks tumbled after weak data raised worries the Federal Reserve may have missed its window to cut interest rates before undercutting the economy’s growth. The S&P 500 sank 1.4% Thursday after a report showed U.S. manufacturing activity is still shrinking. The Dow Jones Industrial Average fell 1.2%, and the Nasdaq composite dropped 2.3%. The Dow Jones Industrial Average fell …

How major US stock indexes fared Monday, 7/29/2024
5 months, 1 week ago

How major US stock indexes fared Monday, 7/29/2024

Associated Press  

U.S. stock indexes drifted to a mixed close ahead of a week full of earnings reports from Wall Street’s most influential companies and a Federal Reserve meeting on interest rates. The S&P 500 rose 0.1% Monday, coming off its first back-to-back weekly losses since April. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite rose 0.1%. The Dow …

Megacap stock selloff shows investor concerns about too much tech
5 months, 2 weeks ago

Megacap stock selloff shows investor concerns about too much tech

The Hindu  

A tumble in the heavyweight stocks that have powered markets higher this year is highlighting Wall Street's vulnerability to any weakness in the Big Tech trade and causing concerns that over-stretched stocks are in for more turbulence. "This was the hair trigger for people saying, 'Wow, I've got way too much exposure to information technology and growthier type companies,'" said …

Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreats
5 months, 2 weeks ago

Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreats

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022
5 months, 2 weeks ago

Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022

Associated Press  

BANGKOK — Shares were mostly higher in Asia on Friday, with major markets apart from Shanghai and Taiwan logging modest gains. That followed a split Thursday on Wall Street, where general stocks and other formerly downtrodden areas of the market rose while superstar Big Tech stocks gave back more of their stellar gains. Tokyo’s core consumer price index rose 2.2% …

Nasdaq sees biggest drop in 2 years as tech earnings spark selloff
5 months, 2 weeks ago

Nasdaq sees biggest drop in 2 years as tech earnings spark selloff

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Major stocks fell dramatically …

Stock market today: Asian shares dive after a wipeout on Wall Street as Big Tech skids
5 months, 2 weeks ago

Stock market today: Asian shares dive after a wipeout on Wall Street as Big Tech skids

Associated Press  

TOKYO — Asian shares dropped in Thursday morning trading, with Tokyo’s benchmark losing more than 1,000 points at one point and closing down more than 3%, as pessimism set in over a nose-dive on Wall Street. U.S. stock indexes suffered their worst losses since 2022 after profit reports from Tesla and Alphabet helped suck momentum from Wall Street’s frenzy around …

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed
5 months, 2 weeks ago

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Wipeout on Wall Street sends the S&P 500 down by 2.3% as Big Tech skids
5 months, 2 weeks ago

Wipeout on Wall Street sends the S&P 500 down by 2.3% as Big Tech skids

LA Times  

Profit expectations are high for U.S. companies broadly, but particularly so for the small group of stocks known as the Magnificent Seven: Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla. A steep drop on Wednesday sent U.S. stock indexes to their worst losses since 2022 after profit reports from Tesla and Alphabet helped suck momentum from Wall Street’s frenzy …

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 …

Nasdaq, S&P 500 end sharply lower, hit by chips, megacaps; Dow extends rally
5 months, 3 weeks ago

Nasdaq, S&P 500 end sharply lower, hit by chips, megacaps; Dow extends rally

The Hindu  

The S&P 500 and the Nasdaq tumbled on Wednesday as plunging microchip shares, in the face of potential escalation of U.S. trade conflicts with China, exacerbated the ongoing rotation out of megacap tech-related stocks. A pullback in the "Magnificent 7" group of momentum stocks, led by Nvidia and Apple, dragged the Nasdaq 2.8% lower, while the benchmark S&P 500 slid …

A washout on Wall Street sends stocks, big and small, lower
5 months, 3 weeks ago

A washout on Wall Street sends stocks, big and small, lower

LA Times  

People walk outside the New York Stock Exchange. As they did the day before, when the Nasdaq tumbled to its worst loss since 2022, several Big Tech stocks led the market lower. Because the S&P 500 and other indexes give more weight to stocks of bigger size, and because the Magnificent Seven stocks had swelled into Goliaths, gains for Big …

Stock market today: Asian shares trade mostly higher after S&P 500, Nasdaq reach more records
6 months ago

Stock market today: Asian shares trade mostly higher after S&P 500, Nasdaq reach more records

Associated Press  

TOKYO — Asian shares were mostly higher Tuesday after Wall Street benchmarks reached more milestones. “Risk-taking will still likely be more measured ahead of the Federal Reserve Chair’s testimony and the key U.S. inflation release this week,” said Yeap Jun Rong, market analyst at IG. On Wall Street, the S&P 500 and Nasdaq composite each notched all-time highs after finishing …

How major US stock indexes fared Friday, 6/28/2024
6 months, 1 week ago

How major US stock indexes fared Friday, 6/28/2024

Associated Press  

Stocks drifted lower on Wall Street, erasing the S&P 500’s gains for the week. Nike dropped 20% after the shoe and athletic wear company missed Wall Street’s revenue targets and cut its full-year sales guidance. On Friday: The S&P 500 fell 22.39 points, or 0.4%, to 5,460.48. The Dow Jones Industrial Average fell 45.20 points, or 0.1%, to 39,118.86. The …

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