Tech Market

Stock market books weekly, daily gain as tech and energy sectors rally

U.S. stocks finished mostly higher Friday as investors scooped up battered energy shares, and technology stocks extended their recent advance, helping the main indexes close out the week on a positive note. The S&P 500 SPX, +0.16%  rose 3.80 points, or 0.2%, to end at 2,438.30 with technology stocks up 0.7% and energy shares adding 0.8%. The Dow Jones Industrial ... Read More »

US Tech Firms Give Up Security Secrets For Access To Russian Market

  U.S. technology companies routinely share sensitive product security secrets with Russian agencies in order to gain access to the country’s lucrative tech market, a compromise that could enable Moscow’s aggressive hacking efforts against Western governments and companies. Russian officials demand tech companies hand over source codes for security products such as firewalls, anti-virus applications, and encrypted software before they are ... Read More »

Stock market closes lower as oil slips into bear-market territory

Getty ImagesIt was a gloomy day for crude oil. U.S. stocks finished lower Tuesday as investors dumped energy shares after crude-oil prices sank into bear-market territory. The S&P 500 SPX, -0.67%  dropped 16.43 points, or 0.7%, to close at 2,437.03, with nine of the 11 main sectors trading lower. The energy sector was down 1.3%, topping the losers. Crude oil ... Read More »

What’s behind the big market swing from tech to banks

The tech sector can’t lead the market forever: Strategist  Friday, 9 Jun 2017 | 2:08 PM ET | 01:44 Technology stocks are getting beaten up and banks have surged as part of a broader trend that has hit the market this year, where yesterday’s hot hands are today’s also-rans. The two sides have exchanged market leadership over the past week or ... Read More »

Dow, S&P 500 end at records as tech shares rebound

U.S. stocks rose on Monday, with both the Dow and the S&P 500 ending at new records as technology shares rebounded from a recent bout of sharp weakness to lead the market higher. The Dow Jones Industrial Average DJIA, -0.29%  rose 144.71 points, or 0.7%, to 21,528.99, ending at its highs of the day, which represented both an intraday and ... Read More »

SoftBank to Buy Robotics Firms Boston Dynamics, Schaft From Alphabet

HIGHLIGHTS SoftBank will buy Boston Dynamics and Schaft from Alphabet It did not disclose the terms of the transactions Boston Dynamics was acquired by Google in 2013 Japan’s SoftBank Group Corp said on Friday that a unit of the company will buy two firms that build walking robots from Alphabet Inc, which would add to the group’s growing artificial intelligence ... Read More »

New report shows how quickly India’s tech and mobile market is growing

Mumbai skyline at night. Shutterstock If there’s been any doubt about India being the next major target market for tech businesses, Kleiner Perkins partner Mary Meeker’s latest Internet Trends Report should make that clear as day. The report, which spans 355 pages, dedicates 55 pages solely to the state of internet and mobile access in India. The first major takeaway ... Read More »

Apple, Facebook and other big tech stocks tank, weigh on Wall Street

Big tech was slammed Friday as investors took profits from the group, which some fear has become a massive market bubble. The sell-off accelerated in afternoon trading, with the Nasdaq falling 2.4 percent, and names like Facebook and Apple, down 4 percent. The S&P tech sector was down 3.3 percent Friday but was still up 18 percent for the year. ... Read More »

Nasdaq tumbles on tech selloff while Dow climbs to record close

The Dow closed at a record on Friday even as the Nasdaq skidded nearly 2% as the technology sector abruptly fell in afternoon trade. The Nasdaq’s retreat comes on the heels of an early record and marked the biggest one-day decline for the Nasdaq since May 17, when it tumbled more than 2.5%. The Dow Jones Industrial Average DJIA, +0.42% ... Read More »

Snap IPO May Lead Pack of Tech ‘Unicorns’

After a dearth of technology listings in 2016, Snapchat parent Snap is set for its market debut as early as this week. The initial public offering (IPO) if successful could presage a wave of listings from the sector’s so-called “unicorns” – those with a valuation of at least $1 billion based on private funding sources. Here are some of the ... Read More »