Tag Archives: selloff

[unable to retrieve full-text content]Stock market today: US futures shrug off sell-off as earnings flood awaits  Yahoo Finance Source link

[unable to retrieve full-text content]Wall Street Selloff Goes Global Amid US Rate Angst: Markets Wrap  Yahoo Finance Source link

[unable to retrieve full-text content]Trump Media’s $5.3 Billion Selloff Deepens as 270% Rally Fizzles  Yahoo Finance Source link

Updated Feb 26, 2024, 04:14pm EST Topline Google parent Alphabet lost some $90 billion in market value Monday as controversy over the Silicon Valley giant’s generative artificial intelligence product made its way to Wall Street. significant headaches from his company’s generative AI chatbot. AFP via Getty Images Key Facts Shares of Alphabet fell 4.5% to $138.75 Monday, closing at its lowest price since Jan. 5 and registering its second-steepest daily loss of the last year. … Source link

Microsoft’s stock drop of 28% so far in 2022 amid growth concerns now looks overdone, Morgan Stanley says. “While investors worry forward numbers have not been de-risked, we see a strong (and durable) demand signal in the commercial businesses, which should lead to improving revenue and EPS growth in 2H23,” Morgan Stanley analyst Keith Weiss wrote in a note on Tuesday. As a result, the valuation of the tech giant is too cheap to ignore, Weiss contended. “Trading at ~20x CY24 GAAP earnings,… Source link

Microsoft’s stock drop of 28% so far in 2022 amid growth concerns now looks overdone, Morgan Stanley says. “While investors worry forward numbers have not been de-risked, we see a strong (and durable) demand signal in the commercial businesses, which should lead to improving revenue and EPS growth in 2H23,” Morgan Stanley analyst Keith Weiss wrote in a note on Tuesday. As a result, the valuation of the tech giant is too cheap to ignore, Weiss contended. “Trading at ~20x CY24 GAAP earnings,… Source link

U.S. stocks cascaded Thursday as recession jitters returned to Wall Street, paring gains from a fleeting relief bounce spurred by the Bank of England’s bond-buying move. The S&P 500 plummeted 2.3%, while the Dow Jones Industrial Average erased more than 500 points, or around 1.7%. The Nasdaq Composite sank over 3%. Technology stocks led the slide lower as heavily-weighted Apple (AAPL) shares erased roughly 4.8% on concerns around waning demand that prompted a downgrade from Bank of America…. Source link

U.S. stocks sank lower Tuesday as traders return to Wall Street for a holiday-shortened week after Labor Day. The benchmark S&P 500 fell 0.3%, while the Dow Jones Industrial Average declined by the same margin, or about 100 points. The tech-heavy Nasdaq Composite was off by 0.5%. The moves come after three straight weeks of losses for the major averages. “The market will enter the first full week of September looking to snap a three-week losing streak as investors continued to digest the… Source link

U.S. stocks tumbled in a turbulent session Wednesday as fears of combative Federal Reserve policy to rein in inflation continued to weigh on sentiment. [Click here to read what’s moving markets on Thursday, September 1] The S&P 500 sank 0.8%, while the Dow Jones Industrial Average tumbled 280 points, or about 0.9%. The tech-heavy Nasdaq Composite fell 0.6%. A volatile run for stocks in recent weeks has erased much of the summer’s relief rally, with the S&P 500 officially wiping out half of… Source link

U.S. stocks turned lower Tuesday, extending a rout spurred by fears of sustained monetary tightening by the Federal Reserve to combat inflation. The S&P 500 tumbled 0.7% after climbing at the start of trading, deepening its losses after the benchmark index plunged roughly 4% across back-to-back losing days. The Dow Jones Industrial Average shed 175 points, or about 0.6%, and the technology-heavy Nasdaq Composite fell 0.7%. The moves came after a batch of upbeat economic data on the labor… Source link