Nasdaq falls to worst low since 2008 as stocks plunge amid recession fears
2 years, 8 months ago

Nasdaq falls to worst low since 2008 as stocks plunge amid recession fears

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. The Nasdaq fell 4.2 per cent, the Dow dropped 2.8 per cent, and the S&P 500 plunged by 3.6 per cent. In April alone, the Nasdaq tumbled 13.3 per cent – its worst month since October 2008, when the world was still gripped by the Great Recession. On Friday, the US Department of Commerce announced that the personal consumption expenditures price index – a key figure for measuring inflation – has risen by 6.6 per cent since last March, the fastest increase since 1982. “And investors are not likely to be comfortable any time soon with the Fed widely expected to deliver a 50-basis point hike, along with a hawkish message next week.” Meanwhile, a host of global problems – the war in Ukraine, the ongoing Covid-19 pandemic, disrupted supply chains, and rising oil prices, among others – continue to rattle investors.

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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 …

How major US stock indexes fared Friday, 12/27/2024
1 week, 5 days ago

How major US stock indexes fared Friday, 12/27/2024

Associated Press  

Stocks closed lower as Wall Street ended a holiday-shortened week on a down note. The S&P 500 fell 1.1% Friday and the the Dow Jones Industrial Average lost 333 points, or 0.8%. On Friday: The S&P 500 fell 66.75 points, or 1.1%, to 5,970.84. The Dow Jones Industrial Average dropped 333.59 points, or 0.8%, to 49,992.21. The Russell 2000 index …

Indian Stocks Plunge as US Fed Lowers 2025 Rate Cut Outlook
3 weeks ago

Indian Stocks Plunge as US Fed Lowers 2025 Rate Cut Outlook

Deccan Chronicle  

Indian stock markets tanked sharply on Thursday following the selling pressure in major markets around the globe after the US Fed showed signs of fewer rate cuts next year.The Nifty 50 index tanked more than 1.33 percent or 321 points to open at 23,877.15 points, while the BSE Sensex was down by 1,153.17 points or 1.44 percent to open at …

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

Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve’s meeting

Associated Press  

NEW YORK — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming 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 profit report last week that beat analysts’ expectations. The market’s main event, though, …

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 Tuesday, 12/10/2024
4 weeks, 1 day ago

How major US stock indexes fared Tuesday, 12/10/2024

Associated Press  

U.S. stock indexes drifted lower in the runup to the highlight of the week for the market, the latest update on inflation. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite also fell 0.3%. Treasury yields rose in the bond market ahead of Wednesday’s inflation report, which will be among the final big pieces of data before the …

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 today: US stocks slip as investors rush to safe-haven assets on escalating Russia-Ukraine tensions
1 month, 2 weeks ago

Wall Street today: US stocks slip as investors rush to safe-haven assets on escalating Russia-Ukraine tensions

Live Mint  

US stock indices slipped on Tuesday, as investors rush to safe-haven assets on escalating tensions between Russia and Ukraine. The Dow Jones Industrial Average was down 0.8 per cent, and the Nasdaq Composite was 0.2 per cent lower. At the opening bell, the Dow Jones Industrial Average fell 146.3 points, or 0.34 per cent, to 43,243.27. The S&P 500 fell …

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 …

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%, …

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 …

Wall Street stocks plunge as fears grow that tech bubble has burst
5 months ago

Wall Street stocks plunge as fears grow that tech bubble has burst

The Telegraph  

Investors have ramped up bets that the US Federal Reserve will be forced into an emergency interest rate cut to support the economy as fears of recession grow. Shares plunged and bonds rallied amid growing fears that the world’s biggest economy is heading for recession and concern that an AI-fuelled stock bubble has burst. The tech-heavy Nasdaq Composite plummeted by …

Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall Street
5 months, 1 week ago

Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall Street

Associated Press  

NEW YORK — Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation. The Dow Jones Industrial Average dropped 610 points, or 1.5%, and the Nasdaq composite fell 2.4% as a sell-off for stocks whipped all the way around the world back to Wall Street. “Yes, the economy …

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 {{ …

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 …

How major US stock indexes fared Wednesday, 5/22/2024
7 months, 2 weeks ago

How major US stock indexes fared Wednesday, 5/22/2024

Associated Press  

U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market. The S&P 500 fell 0.3% and the Nasdaq composite slipped 0.2% Wednesday, a day after both set all-time highs. Indexes had been close to flat early in the day, but they sank after minutes from the Federal Reserve’s latest meeting showed officials …

Bitcoin tumbles nearly 8%, settling at $63,000 from March-April highs amid the Israel-Iran crisis
8 months, 3 weeks ago

Bitcoin tumbles nearly 8%, settling at $63,000 from March-April highs amid the Israel-Iran crisis

Live Mint  

Bitcoin down: Bitcoin slumped 7.9 percent to $61,842 at 21:00 GMT on April 13 after news of Iran's retaliatory drone strikes on Israel broke out, Reuters reported. The CoinDesk 20 Index slipped 10 percent, with Cardano's ADA, Avalanche's AVAX, bitcoin cash, filecoin and aptos all slumping 15-20 percent, as per CoinDesk data. Tensions in the Middle East Keeping Markets on …

How major US stock indexes fared Wednesday, 10/25/2023
1 year, 2 months ago

How major US stock indexes fared Wednesday, 10/25/2023

Associated Press  

Wall Street sank back to where it was in May, pulled down by steep drops in several Big Tech companies. The S&P 500 fell 1.4% Wednesday after rising bond yields tightened their chokehold on the stock market and some of the most influential companies turned in mixed profit reports. The Dow lost 105 points, and the tech-heavy Nasdaq composite dropped …

Wall Street update: Tech leads stocks lower as treasury yields climb
2 years, 1 month ago

Wall Street update: Tech leads stocks lower as treasury yields climb

Live Mint  

Stocks fell, with some of the world’s largest technology companies leading losses as Treasury yields climbed. “The Fed has hiked enough -- and quickly enough -- to make recession a base-case scenario in our book,” said Lauren Goodwin, economist and portfolio strategist at New York Life Investments. “Volatility and risk premia are likely to remain elevated as long as the …

S&P 500, Nasdaq set to snap 5-day losing streak after wholesale inflation report
2 years, 2 months ago

S&P 500, Nasdaq set to snap 5-day losing streak after wholesale inflation report

Live Mint  

Stocks wavered between small gains and losses in morning trading on Wall Street Wednesday after a five-day selloff, but inflation and rate hike worries capped the gains after a higher-than-expected rise in September producer prices. The Labor Department's data showed prices paid to US producers rose in September by more than expected ahead of a key measure of consumer inflation …

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 …

Wall Street ends sharply lower as Target and growth stocks sink
2 years, 7 months ago

Wall Street ends sharply lower as Target and growth stocks sink

Hindustan Times  

Wall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices. "We think the developing impact on retail spending as inflation outpaces wages for even longer than people might have expected is a principal factor in …

Why did bitcoin’s price crash and where does it go from here?
2 years, 7 months ago

Why did bitcoin’s price crash and where does it go from here?

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. With Nasdaq experiencing its sharpest one-day fall since June 2020 this week, it is there fore no …

Wall St: S&P 500, Dow up after inflation data, Nasdaq down on rate hike worries
2 years, 7 months ago

Wall St: S&P 500, Dow up after inflation data, Nasdaq down on rate hike worries

Live Mint  

The S&P 500 and the Dow rose in choppy trading on Wednesday as banks and energy shares gained, while the tech-heavy Nasdaq came under pressure after inflation data cemented expectations of aggressive interest rate hikes. The Labor Department's report showed consumer price index rose 0.3% last month, the smallest gain since August, but still above economists' forecast of a 0.2% …

Wall St slips in choppy trading ahead of inflation data; Dow falls 179 points
2 years, 7 months ago

Wall St slips in choppy trading ahead of inflation data; Dow falls 179 points

Live Mint  

Wall Street's main indexes fell in volatile trading on Tuesday dragged down by banks and some megacap growth stocks as investors fretted over prospects of aggressive monetary tightening and slowing economic growth. Cleveland Fed President Loretta Mester said the U.S. economy will experience turbulence from the Federal Reserve's efforts to bring down inflation running at more than three times above …

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 …

US stocks take a hit as Ukraine crisis stokes fear
2 years, 10 months ago

US stocks take a hit as Ukraine crisis stokes fear

Al Jazeera  

The Ukraine crisis has added to uncertainty about the path of the US Federal Reserve’s tightening plans to fight inflation. United States stocks slid on Thursday, with the S&P 500 marking its biggest daily percentage drop in two weeks, as investors shifted to defensive sectors and safe havens such as bonds and gold while geopolitical tensions between Washington and Russia …

Wall St: Nasdaq tumbles 2%, Dow falls 1.13% as tech stocks extend slide
2 years, 11 months ago

Wall St: Nasdaq tumbles 2%, Dow falls 1.13% as tech stocks extend slide

Live Mint  

Wall Street's main indexes tumbled on Monday as heavyweight technology stocks dropped on expectations of a high interest rate environment, which pushed U.S. Treasury yields to fresh two-year highs and supported banks. Megacap companies including Apple Inc, Amazon.com Inc, Microsoft Corp, Meta Platforms Inc and Tesla Inc fell between 2.1% and 4.4% in early trading. The S&P 500 and the …

Stocks tumble as Wall Street’s fears turn to China
3 years, 3 months ago

Stocks tumble as Wall Street’s fears turn to China

CNN  

New York CNN Business — The Dow and the broader US stock market fell to close sharply lower Monday as Chinese real estate conglomerate Evergrande’s debt crisis made American investors uneasy. The White House said it is monitoring the markets, but stressed that Evergrande’s business was “overwhelmingly centered in China.” Evergrande, which is struggling to manage its $300 billion mountain …

Nasdaq plunges more than 2% as investors dump growth stocks
3 years, 8 months ago

Nasdaq plunges more than 2% as investors dump growth stocks

Hindustan Times  

The Nasdaq fell more than 2% on Tuesday as steep declines in megacap growth stocks pushed Wall Street below record trading levels, with investors seeking shelter in more defensive parts of the market. Nasdaq offices in Times Square in New York Highly valued technology companies including Microsoft Corp, Alphabet Inc, Apple Inc, Amazon.com Inc and Facebook Inc fell between 2.3% …

Tech slide, pandemic surge slam Wall Street, biggest weekly loss since March
4 years, 2 months ago

Tech slide, pandemic surge slam Wall Street, biggest weekly loss since March

Live Mint  

US stock indexes closed lower on Friday to cap Wall Street's biggest weekly sell-off since March, as losses in richly priced tech heavyweights, a record rise in coronavirus cases and jitters over the presidential election snuffed investor sentiment. "We're two market days away from Election Day and people want to make sure that they're not completely caught off guard," said …

Asian shares mixed as worries percolate over pandemic
4 years, 3 months ago

Asian shares mixed as worries percolate over pandemic

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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Overnight, Wall Street ended a four-day losing streak, though …

Wall Street update: US stocks tumble a day after Fed vows years of low rates
4 years, 3 months ago

Wall Street update: US stocks tumble a day after Fed vows years of low rates

Live Mint  

Wall Street's main indexes fell on Thursday after data showed high levels of weekly jobless claims, while technology-related stocks resumed their slide with Apple Inc and Amazon.com Inc among the biggest drags on the Nasdaq. Bank stocks slipped 1.4%, while the S&P 500 financials index fell 1.2%, a day after the Federal Reserve pledged to keep interest rates low for …

Another ugly day for stocks, as Nasdaq tumbles
4 years, 4 months ago

Another ugly day for stocks, as Nasdaq tumbles

CNN  

New York CNN Business — It was another rough day on Wall Street, as the tech-heavy Nasdaq Composite tumbled once again and fell into correction territory. President Donald Trump said Monday that he wasn’t “happy at all” with China and spoke about an economic “decoupling.” All three major stock indexes closed sharply lower and the Nasdaq fell into correction territory …

Stocks sink as virus cases jump, forcing states to backtrack
4 years, 6 months ago

Stocks sink as virus cases jump, forcing states to backtrack

Associated Press  

Stocks on Wall Street fell sharply Friday as confirmed new coronavirus infections in the U.S. hit an all-time high, prompting Texas and Florida to reverse course on the reopening of businesses. The number of confirmed new coronavirus cases per day in the U.S. has hit an all-time high of 40,000, eclipsing the mark set during the deadliest stretch in late …

Wall Street plunges to close with biggest one-day loss since March 16
4 years, 6 months ago

Wall Street plunges to close with biggest one-day loss since March 16

Live Mint  

Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve. All three major U.S. stock indexes lost well over 5%, posting their worst one-day percentage drops since March 16, when markets were sent into freefall by the abrupt economic lockdowns put in place to contain …

Nasdaq tops 10,000 for the first time ever
4 years, 7 months ago

Nasdaq tops 10,000 for the first time ever

CNN  

New York CNN Business — Wall Street’s love affair with technology stocks shows no sign of stopping. The Nasdaq, an index that includes the top FAANG stocks, Microsoft, Tesla and many other titans of tech, topped 10,000 for the first time ever Tuesday. Investors have flocked to tech giants, such as Facebook, Apple, Amazon, Netflix and Google owner Alphabet, this …

Dow drops below 20,000, US stocks head for worst week since 2008
4 years, 9 months ago

Dow drops below 20,000, US stocks head for worst week since 2008

Al Jazeera  

Goldman Sachs says US economy could contract 24 percent in April-June quarter, and unemployment could peak at 9 percent. United States stock markets turned negative in afternoon trading on Wall Street, putting all three major US indexes on track for their worst week since the 2008 financial crisis. A flood of cheap money from central banks and signs of momentum …

Dow Jones plunges 10pc, Australian dollar hits 17-year low amid economic fallout from coronavirus
4 years, 9 months ago

Dow Jones plunges 10pc, Australian dollar hits 17-year low amid economic fallout from coronavirus

ABC  

Global markets have tumbled again as panicked investors continue to struggle with the economic fallout of the coronavirus pandemic and US President Donald Trump's ban on European travellers. Key points: Wall Street suffered its worst day in 30 years, while Europe has its worst session ever The Dow Jones, S&P 500 and Nasdaq have fallen into bear market territory It …

Coronavirus COVID-19 fears see Wall Street suffer its worst week since the global financial crisis in 2008
4 years, 10 months ago

Coronavirus COVID-19 fears see Wall Street suffer its worst week since the global financial crisis in 2008

ABC  

US stocks sank again overnight, with Wall Street extending a rout that handed the market its worst week since October 2008, at the height of the financial crisis. Key points: The Dow Jones swung back from an early slide of more than 1,000 points to close around 350 points lower The S&P 500 fell 0.8 per cent, the Nasdaq reversed …

Dow posts worst week since the financial crisis
4 years, 10 months ago

Dow posts worst week since the financial crisis

CNN  

New York CNN Business — It was a terrible week for the US stock market. The three major stock indexes posted their worst weekly percentage drops since the financial crisis, as coronavirus fears mount. It dropped 11.5% this week, its worst weekly percentage drop since October 2008. Even though the next Fed meeting is three weeks away, the central bank …

US markets tumble as coronavirus fears mount
4 years, 10 months ago

US markets tumble as coronavirus fears mount

Live Mint  

US stock indexes fell about 1% on Thursday, dragged down by technology heavyweights, as investors fretted over a rise in the cases of coronavirus and its economic impact. Some traders pointed to a Global Times report that said a central Beijing hospital reported 36 new cases as of Thursday, sparking a fresh wave of selling in late morning trade. Investors …

US markets: S&P 500, Nasdaq hit record on IBM, waning China virus fears
4 years, 11 months ago

US markets: S&P 500, Nasdaq hit record on IBM, waning China virus fears

Live Mint  

The S&P 500 and the Nasdaq scaled new highs on Wednesday, as an upbeat forecast from IBM added to optimism over earnings, while China's efforts to contain a virus outbreak eased worries about a wider financial fallout. International Business Machines Corp shares jumped 4.1% after it forecast full-year profit above market expectations on strength in its high-margin cloud computing business. …

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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