Tag Archives: stocks

Stocks close at record highs as tech losses are offset by energy gains

U.S. stocks closed slightly higher on Wednesday, notching record highs, as a gain in the energy sector offset losses in tech. The Dow Jones industrial average rose 39.3 points to close at 22,158.18 — a record — with Chevron contributing the most to the gains. Apple, however, was the biggest loser in the index. The S&P 500 rose 0.1 percent and finished the session ... Read More »

Tech stocks send another bearish warning of bigger market sell-off, even with Apple at highs

Nasdaq and technology stocks are sending up warning flares that the broader market may be getting ready for a late-summer sell-off. The Dow surged above 22,000 for the first time ever Wednesday, and the S&P 500 and Nasdaq also rode higher after Apple’s strong earnings cast a positive glow across the market. But those gains evaporated and the Dow was just slightly higher for most ... Read More »

Overnight Markets: Technology, transport pressure US stocks

US stocks pulled back from their record highs on Thursday, led by technology and transportation shares, overshadowing another big day for telecoms. The Dow Jones Industrial Average added 21 points, or 0.1%, to 21,732, the S&P 500 lost nine points, or 0.38%, to 2,469 and the Nasdaq Composite dropped 58 points, or 0.9%, 6,365. The Dow Jones Transport Average, often ... Read More »

Nasdaq, S&P 500 close higher as tech stocks rally while Dow dips

Federal Reserve Chairwoman Janet Yellen The Nasdaq and S&P 500 finished higher while the Dow industrials closed fractionally lower Wednesday as Federal Reserve policy meeting minutes indicated a reduction in the central bank’s economy-boosting balance sheet could begin soon, and technology stocks rallied amid a disappointing manufacturing report and a tumble in crude futures. The Dow Jones Industrial Average DJIA, -0.01% finished down ... 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 »

Tech stocks have massively outperformed the market—here’s why this isn’t another bubble

Adam Jeffery | CNBC FANG stocks (Facebook, Amazon, Netflix and Google) apps on a smartphone. Stock market watchers keep complaining about the breadth of the rally — especially in tech. “The market’s weakness, if it has one, is the concentration of investor monies in one corner of the market: Mega-sized growth stocks, particularly technology,” said MarketWatch a few days ago. ... Read More »

‘Thank God for Apple’ and other tech stocks — they’re propping up the market

Many S&P industries are performing poorly, but outsized gains in tech stocks are making the market look better than the underlying trends reveal, TradingAnalysis.com founder Todd Gordon told CNBC on Tuesday. The S&P 500 index and the Nasdaq composite on Monday closed at record highs, while the Dow Jones industrial average broke a four-session losing streak and rose to within ... Read More »

Tech Stocks Power Wall Street To Another Record High

The S&P 500 hit a record intraday high on Monday, led by tech stocks such as Apple and Google-parent Alphabet, but a drop in oil prices weighed on energy stocks. The index has been on a record-breaking rally – helped by largely positive data and strong earnings – and hit an intraday high for the seventh time in July on ... Read More »

Double Trouble For Twitter With Revenue and Stocks Down

Has the Twitter success story run its course? That’s the question being posed on Wall Street after Twitter reported disappointing revenue growth in the first quarter of 2016 recently. In the first quarter, Twitter reported $595 million in revenue, well below the $607.8 million that analysts were expecting. The company added 5 million users, but fell short of the growth that ... Read More »

IT Stocks Suffer Amid Brexit Concerns, TCS Falls 3%

Overall, for the Indian IT sector, Bank of America Merrill Lynch sees the earnings of Indian outsourcers to get impacted due to Brexit. More From Market HCL Tech Allots 84,000 Shares Under 2004 Stock Option Plan Rupee Hits 1-Week High Of 67.08, Gains 9 Paise Vedanta Sweetens Terms For Cairn India Merger Cairn India Surges 12% To 52-Week High Federal ... Read More »