Tag Archives: stocks

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 »

IT Stocks Plunge As Pound-Sterling Slumps On Brexit

IT stocks nosedived on Friday after Britain voted to exit European Union leading to over 10 per cent slump in the British pound against the dollar. The IT sub-index on Bombay Stock Exchange plunged as much as 4 per cent. The pound collapsed to a 31-year low and went into a freefall on Friday after Britain voted to leave the ... Read More »

IT Stocks Gain Amid Rupee Weakness, HCL Tech Rises 4%

IT stocks gained on Monday after rupee fell nearly one per cent to an intraday low of 67.70 against the US dollar. HCL Tech was up as much as 4 per cent to be the top gainer in the Nifty50 index, while Tech Mahindra, TCS and Infosys were all up over 1.5 per cent each. Three out of the top ... Read More »

HCL Tech Underperforms Its 3 larger IT competitors, stocks slump

Noida-primarily based HCL Tech missed sales increase and profit estimates in its 0.33 region extra From market Biocon Hits fifty two-Week excessive On fantastic Trial results Of cancer Drug Bharti Airtel shares Tumble As Reliance Jio Gears Up For launch Excel Crop Care Hits 52-Week excessive On Sumitomo Chemical’s Open offer Adani institution shares Fall, Adani Ports Leads Losses Sensex ... Read More »