Articles for Tech Stocks

Infosys, LTIM, HCLTech, TCS: Why IT stocks are tumbling today
3 weeks, 4 days ago

Infosys, LTIM, HCLTech, TCS: Why IT stocks are tumbling today

India Today  

Shares of leading Indian IT companies faced significant pressure on Thursday, with stocks like Infosys, TCS, HCLTech, Tech Mahindra, LTIMindtree, and LTTS declining by 2-4%. This raised doubts about the pace of interest rate cuts by the US Federal Reserve, with traders now estimating a 65% chance of a rate cut next month. "The inflation numbers have renewed fears of …

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Nvidia's forecast dampens AI enthusiasm in other tech stocks
3 months, 3 weeks ago

Nvidia's forecast dampens AI enthusiasm in other tech stocks

The Hindu  

Nvidia dragged technology heavyweights lower after the chip maker's earnings disappointed investors who had been hoping they would fuel fresh gains in Wall Street's most valuable companies, and sent stocks in Asia down on Thursday. Nasdaq futures initially dropped about 1% following Nvidia's quarterly earnings report late Wednesday, suggesting traders expected tech stocks to lose ground. Nvidia dropped almost 7% …

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Wall Street’s next big test is looming with Nvidia’s profit report
4 months ago

Wall Street’s next big test is looming with Nvidia’s profit report

Associated Press  

NEW YORK — How much hype is left in Nvidia’s stock? Nvidia has ridden Wall Street’s mania around artificial intelligence to become one of the stock market’s most massive companies, with a total value topping $3 trillion. Combined with Nvidia’s big size, the blistering performance meant the chip company accounted for nearly 30% of the S&P 500’s total return for …

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Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall Street
4 months, 3 weeks 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 …

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Stock market today: Asian shares mostly decline ahead of central bank meetings
4 months, 3 weeks ago

Stock market today: Asian shares mostly decline ahead of central bank meetings

Associated Press  

TOKYO — Asian shares mostly declined in cautious trading Tuesday ahead of central bank meetings around the world. U.S. stock indexes drifted to a mixed finish Monday to kick off a week full of earnings reports from Wall Street’s most influential companies and a Federal Reserve meeting on interest rates. Last week, investors found profit reports from Tesla and Alphabet …

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Echoes of dotcom bubble haunt AI-driven US stock market
5 months, 3 weeks ago

Echoes of dotcom bubble haunt AI-driven US stock market

The Hindu  

A U.S. stock rally supercharged by excitement over artificial intelligence is drawing comparisons with the dotcom bubble two decades ago, raising the question of whether prices have again been inflated by optimism over a revolutionary technology. A small group of massive tech stocks including AI chipmaker Nvidia symbolize today's market, recalling the "Four Horsemen" of the late 1990s: Cisco, Dell, …

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Big tech companies unplug stock market from reality
6 months, 2 weeks ago

Big tech companies unplug stock market from reality

Live Mint  

Big Tech stocks aren’t just dominating the market. Yet the S&P itself is far less affected by the outlook for interest rates, because the Big Tech stocks that make up so much of the standard, value-weighted index are insulated from the Fed by their enormous cash piles. The Big Tech stocks that dominate the market sit on huge cash piles, …

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How major US stock indexes fared Wednesday, 2/28/2024
9 months, 3 weeks ago

How major US stock indexes fared Wednesday, 2/28/2024

Associated Press  

Stocks drifted lower on Wall Street on a down day for tech stocks. The Dow Jones Industrial Average slipped 0.1% Wednesday, and the Nasdaq composite sank 0.5% a day after nearing its record set in 2021. On Wednesday: The S&P 500 fell 8.42 points, or 0.2%, to 5,069.76. The Dow Jones Industrial Average fell 23.39 points, or 0.1%, to 38,949.02. …

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Stock market today: Asian stocks mostly fall as Chinese shares skid despite moves to help markets
10 months, 2 weeks ago

Stock market today: Asian stocks mostly fall as Chinese shares skid despite moves to help markets

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. On Friday, Big Tech stocks …

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Stock market today: Big Tech carries Wall Street to another record and winning week
10 months, 3 weeks ago

Stock market today: Big Tech carries Wall Street to another record and winning week

Associated Press  

NEW YORK — Big Tech stocks once again carried Wall Street to a record Friday, even though the majority of stocks fell amid worries about the downside of a hot economy. Stocks felt pressure from much higher yields in the bond market after a report showed U.S. employers hired many more workers last month than economists expected. “The Fed threw …

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Stock market today: Asian shares mostly rise after Wall Street rebounds led by tech stocks
10 months, 3 weeks ago

Stock market today: Asian shares mostly rise after Wall Street rebounds led by tech stocks

Associated Press  

TOKYO — Asian shares mostly rose Friday, helped by optimism about technology shares following a Wall Street rally led by big tech stocks. Big Tech stocks are Wall Street’s most influential because they’re the biggest, and they’re facing high expectations after soaring much more than the rest of the market last year. A day earlier, stocks fell sharply after the …

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Stock market today: Asian stocks are mixed after Wall Street slips to its worst loss in 4 months
10 months, 3 weeks ago

Stock market today: Asian stocks are mixed after Wall Street slips to its worst loss in 4 months

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 {{ …

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Stock market today: Asian stocks are mixed after Wall Street slips to its worst loss in 4 months
10 months, 3 weeks ago

Stock market today: Asian stocks are mixed after Wall Street slips to its worst loss in 4 months

Associated Press  

BANGKOK — Asian shares were mixed on Thursday after Wall Street fell to its worst loss since September as the Federal Reserve indicated cuts to interest rates are not imminent. One analyst, Dan Ives of Wedbush Securities, even called its quarterly report “a masterpiece that should be hung in the Louvre.” Tesla, another member of the group of tech stocks …

Stocks Stock Report Fed Expected Wall Street Big Tech
The S&P 500 surges to a record high as hopes about the economy — and Big Tech — grow
11 months ago

The S&P 500 surges to a record high as hopes about the economy — and Big Tech — grow

NPR  

The S&P 500 surges to a record high as hopes about the economy — and Big Tech — grow Enlarge this image toggle caption Michael M. Santiago/Getty Images Michael M. Santiago/Getty Images The S&P 500 set a fresh record on Friday as shares of big tech companies rallied and as hopes about the economy continue to grow. The index, a …

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Infosys, TCS to HCL Tech: Why IT stocks are skyrocketing after US Fed meeting?
1 year ago

Infosys, TCS to HCL Tech: Why IT stocks are skyrocketing after US Fed meeting?

Live Mint  

Stock market today: IT stocks have been in bull trend since early morning deals. Indian IT major Tata Consultancy Services or TCS share price has surged to the tune of 2 per cent and came close to its 52-week high of ₹3,698.40 apiece on NSE, Infosys shares went up around 3 per cent, HCL Tech share price shot up around …

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Infosys woes spark selloff in stocks of tech firms
1 year, 8 months ago

Infosys woes spark selloff in stocks of tech firms

Live Mint  

Mumbai: The bear onslaught on 10 technology stocks comprising the Nifty IT index wiped ₹1.03 trillion off investor wealth, with Infosys Ltd alone accounting for a little more than half of the losses, following a slew of price and ratings downgrades after the software major disappointed investors with its sales forecast for the current year, amid a banking crisis in …

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Nifty IT hits fresh 1-year low, all shares in red. Which stocks to buy/sell?
1 year, 8 months ago

Nifty IT hits fresh 1-year low, all shares in red. Which stocks to buy/sell?

Live Mint  

IT indexes were in a bloodbath on Monday after Infosys' Q4 earnings came in lower than estimates. Infosys emerged as the top loser, while peers TCS, HCL Tech, Tech Mahindra, and Wipro have also witnessed a significant drop in share prices. Infosys rivals like HCL Tech saw a 2.8% contraction, and Wipro and TCS shed around 1.8% and 1.6% respectively. …

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Bankman-Fried: From crypto king to king of tech bubble’s losers
2 years, 1 month ago

Bankman-Fried: From crypto king to king of tech bubble’s losers

Live Mint  

Few could have anticipated the breathtaking collapse of Sam Bankman-Fried’s multibillion-dollar crypto empire. “We’ve had an industry that was really built primarily on FOMO and easy money, and now that governments around the world are raising interest rates and that restricts easy money, you’re just surviving on FOMO,” said Hilary Allen, a law professor at American University in Washington. “You …

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Outlook for tech stocks darkens after rocky stretch
2 years, 3 months ago

Outlook for tech stocks darkens after rocky stretch

Live Mint  

A rally in technology shares helped the stock market snap a three-week losing streak. “It’s a volatile year—it’s never easy to sound the all clear from a short-term basis," said Giorgio Caputo, a senior fund manager at J O Hambro Capital Management Group. Even after the downturn this year, many analysts say tech stocks still appear richly valued. “If you …

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IT stocks in bear grip: Is it good time to buy tech stocks for higher return - Experts speak
2 years, 7 months ago

IT stocks in bear grip: Is it good time to buy tech stocks for higher return - Experts speak

India TV News  

IT Stocks To Buy, IT Stocks NSE, Recession 2022 News: The Indian IT stocks are reeling under extreme pressure due to volatility amid weak global cues. Another important reason for the decline in value of the IT stocks is the possibility that the United States and European markets might head into a recession due to soaring energy prices and prospects …

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Next week’s earnings could boost tech stocks once again
3 years, 7 months ago

Next week’s earnings could boost tech stocks once again

CNN  

New York CNN Business — Investors are getting ready to reposition their portfolios for the post-pandemic world. Solid earnings from these companies could mean another rally in tech stocks, according to Wedbush Securities analyst Daniel Ives. “We believe earnings over the coming weeks will be a major positive catalyst for tech names,” given the sector’s robust fundamentals, Ives said in …

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ASX gains as GDP rebounds, despite tech-led Wall St sell-off
3 years, 9 months ago

ASX gains as GDP rebounds, despite tech-led Wall St sell-off

ABC  

The Australian share market ended Wednesday on an upbeat note as GDP figures show that Australia's economy is recovering from the shock hit of COVID-19. Key points: ASX 200 gained 0.8 per cent on Wednesday Promising GDP figures follow other economic indicators showing gains this week The Nasdaq fell 1.7pc, the S&P 500 0.8pc and the Dow Jones 0.5pc The …

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Interest rates are rising and tech stocks are likely to head in the other direction
3 years, 10 months ago

Interest rates are rising and tech stocks are likely to head in the other direction

ABC  

We live in strange and ridiculous times. Along with growing disquiet and distrust around the central bank actions that have pushed interest rates so low, these negative rates are a major reason why professional investors have been right in there with amateurs throwing money at bitcoin and other cryptocurrencies, as well as tech companies that either make no profits or …

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US stocks struggle higher as another tumultuous week comes to close
4 years, 3 months ago

US stocks struggle higher as another tumultuous week comes to close

Live Mint  

NEW YORK: Stocks are trying for another comeback on Wall Street Friday, as a tumultuous week of big swings comes to a close. Momentum has been lightning-quick to shift on Wall Street recently, and a similar morning gain for the S&P 500 on Thursday gave way to a 1.8% loss for its fourth drop in five days. The Nasdaq composite, …

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