Stocks are taking broad losses Thursday, led by declines in technology companies. Cisco Systems dropped after issuing a disappointing sales forecast, and retailers were also weak as Walmart slumped. Bond prices rose, sending yields lower. KEEPING SCORE: The Standard & Poor’s 500 index dropped 25 points, or 1 percent, to 2,442 as of 1:50 p.m. Thursday on Wall Street. The Dow ... Read More »
Tag Archives: Fall
eBay to Introduce Image Search on Android and iOS This Fall
eBay, the host of a large and varied database of products, is introducing Image Search in its Android and iOS apps. As the name suggests, users will be able to snap photos of products around them, and eBay will find similar looking objects in its large database, and throw up results accordingly. With Image Search, you will be able to ... Read More »
Dow, S&P 500 book worst fall in a month as tech selloff flares up
Figures on weekly jobless claims rose slightly in the latest week. U.S. stocks tumbled Thursday, with the S&P 500 and Dow industrials logging their worst one-day declines since May as the technology sector resumed its selloff, overshadowing advances in financials. The Dow Jones Industrial Average DJIA, +0.29% fell 167.58 points, or 0.8%, to 21,287.03, its biggest percentage decline since May 17. The S&P ... Read More »
TCS Shares Fall For Fourth Straight Day; Infosys, Wipro Also Hit
TCS shares fell for the fourth straight day after amid concerns over the impact of Brexit on the Indian outsourcing companies. TCS fell as much as 1.5 per cent today to Rs 2,458.4, extending its losses to 8 per cent in four days. Global brokerage Bank of America Merrill Lynch has downgraded TCS to “underperform” from “buy”, citing the Indian outsourcer’s ... Read More »