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 »
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 »
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 »
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 »
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 »
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 »
Chipmakers switched focus at Taiwan’s top tech fair this week with bets on new areas such as driverless cars, virtual reality and artificial intelligence, shifting away from smartphones where intense competition has pushed down components prices. The Computex Taipei event, now in its 36th year, has historically been a central venue for electronic parts manufacturers to show off their processors ... 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 »
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 is that the country now ... Read More »
Tech Mahindras profit fell 33 per cent annually to Rs. 590 crore in Q4. HIGHLIGHTS Tech Mahindra shares fell as much as 17% today It reported 33% decline in March quarter profit on Friday Tech Mahindra is the fifth-biggest software services provider in India Shares of India’s fifth-biggest software services provider Tech Mahindra tanked as much as 17 per cent ... Read More »
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