Tag Archives: Nasdaqs

(Bloomberg) — For some investors, this year’s rout in high-flying technology stocks is more than a bear market: It’s the end of an era for a handful of giant companies such as Facebook parent Meta Platforms Inc. and Amazon.com Inc. Most Read from Bloomberg Those companies — known along with Apple Inc., Netflix Inc. and Google parent Alphabet Inc. as the FAANGs — led the move to a digital world and helped power a 13-year bull run. But history shows that market leaders of one era almost… Source link

NASDAQ’s Big Decline The NASDAQ Composite Index took a sharp tumble on Tuesday, falling 5.2% to 11,633.57. Year to date, the bellwether technology stock index is down 27%. There was bad news again for the US economy as fresh inflation data showed that price gains did not moderate as much as expected. Overall inflation rose 8.3% in August even though petrol prices came down. Core inflation, which strips out food and fuel prices, climbed 6.3% in August, higher… Source link

Stock futures opened in slightly positive territory on Tuesday, holding onto gains after a tech-led rebound rally during the regular session. Contracts on the S&P 500 ticked up. Earlier, Big Tech stocks led the blue-chip index higher, with investors swooping in to buy a dip in growth and technology names after a rout on Monday. That sent the Nasdaq higher by 1.3% in the index’s best day since August.  So far in October, equities have see-sawed between steep gains and losses, with investors… Source link

Bloomberg In a Flash, U.S. Yields Hit 1.6%, Wreaking Havoc Across Markets (Bloomberg) — After weeks of grumbling, the world’s biggest bond market spoke loud and clear Thursday — growth and inflation are moving higher. The message wreaked havoc across risk assets.Benchmark 10-year Treasury yields catapulted to the highest in more than a year at over 1.6% and traders yanked forward their opinion of how soon the Federal Reserve will be forced to tighten policy. Equities tumbled, as higher… Source link