Tech stocks have been on a hot streak in Asia as well, with some gaining nearly 70% year-to-date, driven by the optimism overseas as well as solid earnings.
The pan-European STOXX 600 was down 0.6 percent, supported by modest gains in oil prices, which lifted shares in energy stocks, and by first round French parliamentary election results which look set to give President Emmanuel Macron a huge majority to …
Of all companies that remain in the Dow Jones Industrial Average DJIA, +0.42% since Sept. 7, 2001, when Jeffrey Immelt took over as chief executive officer of General Electric & Co.
Futures for the Dow Jones industrial average, S&P 500 index and Nasdaq 100 fell slightly early Monday morning after leading tech stocks such as Apple (AAPL), …
The spookiness factor has largely been absent from Wall Street. But that doesn’t mean investors should assume nothing can go wrong and that stocks won’t go down. It’s been 15 months since the Standard & Poor’s 500 stock index had its last scare, a 14.2 …
“This is one of the most dangerous market environments we’ve ever been in. It’s the calm before a gigantic, horrendous storm that I don’t think is too far down the …
The Deutsche Bank strategists also said they are cutting back on stocks. “In accordance with the change of our S&P directional view from balanced risk to down, we tactically lower our equities allocation from 70% to 60%,” they wrote.
Apple had been forming a shallow base with a potential buy point at 156.75, but as tech stocks sold off Friday, the iPhone maker is facing a test at the key 50-day line.
Technology stocks including Apple, Amazon, Netflix and Alphabet tanked by more than 3 percent on Friday. Investors may have begun a delayed rotation into some underperforming sectors like financials and energy, which were both higher this week.
Bouroujerdi suggested that stock traders consider that after the 500 percent gain for the tech-heavy NASDAQ index during the Dot-Com bubble, which lasted from 1995 to 2001, the Dot-Com bust that lasted until 2003 saw the NASDAQ lose 85% of its …
“The so called Trump trade — which is made up of mostly value stocks such as financials and industrials — stalled, and perhaps the Comey testimony with no smoking gun was the trigger to unwind that trade.
Zloty eases, CPI figures may underpin central bank doves * Polish markets will be closed on Thursday * Warsaw bank stock index shed 2 pct, leading fall of CEE shares By Sandor Peto and Bartosz Chmielewski BUDAPEST/WARSAW, June 12 Warsaw bank …
As President Donald Trump’s “Infrastructure Week” comes to a close, Jim Cramer decided to take a closer look at one perceived Trump stock that has been struggling of late. “What in the world is going on with Chicago Bridge & Iron, CBI, the once-great …
Wall Street turned in an uneven finish Friday as investors unloaded their technology company shares in favor of energy and financial stocks. The tech-heavy Nasdaq composite, which has outpaced gains by other U.S. stock indexes this year, fell the most.
Be the first to comment on "Tech stocks likely to be under pressure after Apple downgraded"