Tag Archives: Falters

Stock resume slide after rebound rally falters

Stock resume slide after rebound rally falters

U.S. stocks sank Thursday following a rebound rally in the prior trading session that helped all three major averages log gains of well above 1%. The S&P 500 tumbled 0.8% at the start of trading, while the Dow Jones Industrial Average slid 220 points, or about 0.7%. The technology-heavy Nasdaq Composite led the way down — declining about 0.8%. On Wednesday, the S&P 500 surged 1.8%, the Dow Jones Industrial Average about 1.4%, and the Nasdaq Composite 2.1% – snapping a seven-day streak of… Source link

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My Top 3 Picks For 2022 Revisited: 2 Huge Winners, But Google Falters (NASDAQ:GOOG)

My Top 3 Picks For 2022 Revisited: 2 Huge Winners, But Google Falters (NASDAQ:GOOG)

JHVEPhoto In my last article of 2021, I gave my top long-term picks heading into 2022. Now that we are more than halfway through a turbulent year, an update is in order. AbbVie (ABBV), VICI Properties (VICI), and Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) were the picks. The first two were geared toward income, as much of the economic writing was on the wall. I chose Alphabet as a growth pick as its valuation was reasonable and margins impressive. AbbVie and VICI have been absolute standouts… Source link

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FTC’s antitrust case against Facebook falters but doesn’t quite fall in federal court

An antitrust suit against Facebook by the FTC and several states had the wind taken out of its sails today by a federal judge, who ruled that the plaintiffs don’t provide enough evidence that the company exerts monopoly control over social media. The court was more receptive, however, to revisiting the acquisitions of Instagram and WhatsApp, and the case was left open for regulators to take another shot at it. The court decision was in response to a Facebook motion to dismiss the suit. Judge… Source link

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Tesla Falters After Optimism Over ‘Battery Day,’ India, S&P

(Bloomberg) — Tesla Inc.’s relentless surge faltered Monday, with shares erasing a double-digit gain and dipping into negative territory, despite enthusiasm ahead of several events that include the possible unveiling of new battery technology, the entry into a lucrative new market and the stock’s potential addition to the prestigious S&P 500 Index. Tesla shares, which had gained as much as 16% Monday before losing steam, have seen an incredible rally this year that has left Wall Street… Source link

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