Market at close: Benchmark indices ended near the day’s low on Monday with Nifty finished below 10,650 level. At the ends, the Sensex was down 310.51 points at 35498.44, while Nifty was down 83.40 points at 10641. About 881 shares have advanced, 1667 shares declined, and 156 shares are unchanged Bharti Infratel, ONGC, Zee Entertainment, Tata Motors and Axis Bank were ... Read More »
Software stocks are leading the tech sector, and broader market, in a strong start to 2019. The XSW S&P software and services ETF has surged 7 percent in the past two weeks, better than the 3 percent gain on the XLK tech ETFand 4 percent advance on the S&P 500. Ari Wald, head of technical analysis at Oppenheimer, says it makes sense to ... Read More »
NEW YORK — The latest on developments in financial markets (all times local): 4 p.m. Stocks ended a choppy day slightly lower on Wall Street as losses for technology companies and banks offset gains elsewhere in the market. Micron Technology fell 3.2 percent Thursday and Bank of America lost 1 percent. The market moved lower ahead of a new round ... Read More »
The major market averages ended the first trading session of 2018 near their highs, logging strong gains — a great start following impressive 2017 performances. The tech-heavy Nasdaq led the way with a 1.5% advance Tuesday, hitting a fresh record high. The S&P 500 also reached a new high, rising 0.8%, while the Dow Jones industrial average followed up with a ... Read More »
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 »
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 »
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 »
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 »
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 »
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 »
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