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Stocks fall to start the week as tech stocks drag down market, Nasdaq loses 2.5%

Stocks fall to start the week as tech stocks drag down market, Nasdaq loses 2.5%

Posted By: Editorial Teamon: May 10, 2021In: BUSINESS, ECONOMY, NEWSNo Comments

Technology shares led the broader market lower on Monday as investors dumped high-flying Big Tech stocks and bet on companies leveraged to a strong economic comeback. The Nasdaq Composite dropped 2.3% as Amazon and Apple lost more than 2% each. Facebook and Netflix both dropped over 3%. Tesla shed more than 6%. The Dow Jones […] Read more

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Investors look for answers from Credit Suisse earnings after Archegos and Greensill sagas

Investors look for answers from Credit Suisse earnings after Archegos and Greensill sagas

Posted By: Editorial Teamon: April 21, 2021In: BUSINESS, ECONOMY, MARKETING, NEWSNo Comments

Following the booming profit beats of its Wall Street rivals, Credit Suisse is expected to report a significant loss on Thursday as it navigates the fallout from two high-profile crises. The Swiss lender announced earlier this month that it took a $4.7 billion hit from the meltdown of U.S. family hedge fund Archegos Capital and now expects a […] Read more

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Dow falls 560 points amid surging yields, Nasdaq sheds 3.5% in worst sell-off since October

Dow falls 560 points amid surging yields, Nasdaq sheds 3.5% in worst sell-off since October

Posted By: Editorial Teamon: February 25, 2021In: BUSINESS, NEWSNo Comments

U.S. stocks fell sharply Thursday as an outsized surge in bond yields spooked investors, who rushed to dump risk assets, especially high-flying technology names. The Dow Jones Industrial Average dropped 650 points from a record high. The S&P 500 lost 2.8%. The tech-heavy Nasdaq Composite slid 3.8% as Alphabet, Facebook, Apple and Microsoft all dipped […] Read more

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Dow jumps 470 points, posts best day since November as the GameStop trading mania unwinds

Dow jumps 470 points, posts best day since November as the GameStop trading mania unwinds

Posted By: Editorial Teamon: February 03, 2021In: BUSINESS, NEWSNo Comments

U.S. stocks jumped on Tuesday, building on a strong rally in the previous session as concerns about a speculative retail trading frenzy continued to ease. The Dow Jones Industrial Average climbed about 475.57 points, or 1.6%, to 30,687.48 for its best daily performance since November. The S&P 500 gained 1.4% to 3,826.31, pushing its two-day […] Read more

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