The S&P 500 and the Nasdaq opened lower on Friday as social media and ad tech firms led declines after dismal quarterly revenues from Twitter and Snap, while an upbeat forecast from American Express boosted the Dow. The Dow Jones Industrial Average rose 131.02 points, or 0.41 percent, at the open to 32,167.92. The S&P…
Nasdaq Opens Higher on Upbeat Tesla Results
The Nasdaq opened higher on Thursday as electric-car maker Tesla topped Wall Street’s profit target, while the S&P 500 and the Dow edged lower. The Dow Jones Industrial Average fell 48.35 points, or 0.15 percent, at the open to 31,826.49. The S&P 500 opened lower by 4.43 points, or 0.11 percent, at 3,955.47, while the…
Investors Concerned Tech Stocks Poised to Repeat Dot-Com Crash
Technology stocks and indexes are experiencing the biggest market tumbles since the dot-com bubble as a pullback intensifies in global financial markets. During the 11-year bull market, which began in March 2009 and ended at the start of the pandemic-induced selloff in 2020, technology securities led the way. In an era of historically low interest…
Investors Worried Tech Stocks Poised to Repeat Dot-Com Crash
Technology stocks and indexes are suffering the biggest market crash since the dot-com bubble as the selloff intensifies in the global financial markets. During the 11-year bull market, which began in March 2009 and ended at the start of the pandemic-induced selloff in 2020, technology securities led the way. In an era of historically low…
S&P 500 Plunges, Loses All of Its Gains Since Biden Took Office
The S&P 500 has lost all of its gains since President Joe Biden took office in 2021. The market index fell 3.88 percent to 3,749.63, dropping below the 3,798.91 level when it closed on Jan. 19, 2021. The drop put the S&P back into the bear market territory. The two other major stock market exchanges,…
S&P 500 Plunges, Wipes Out All of Its Gains Since Biden Took Office
The S&P 500 has lost all of its gains since President Joe Biden took office in 2021. The market index fell 3.88 percent to 3,749.63, dropping below the 3,798.91 level when it closed on Jan. 19, 2021. The drop put the S&P back into the bear market territory. The two other major stock market exchanges,…
Amazon Stock Split May Draw Retail Traders in Tough Market
NEW YORK—Amazon’s stock split may provide some solace to shareholders who have seen the e-commerce giant’s shares battered this year. Amazon shares were up 3.1 percent to $126.17 in afternoon trading after the 20-for-1 split, announced earlier this year but which took effect Monday. They have fallen 24 percent year-to-date, roughly comparable to the loss…
Nasdaq Sheds Almost $1 Trillion
The Nasdaq Composite has reported losses of nearly $1 trillion, in what constitutes the index’s worst week since early January, as legions of highly valued tech stocks see notable declines in market capitalization. Continuing the trend of several challenging months for the notable exchange, the Nasdaq closed on Thursday evening $982 billion lower than it…
GameStop Trading Halted 4 Times Owing to Dramatic Movements
Trading of GameStop stock was halted by Nasdaq four times on May 12 as the share price kept rising and falling dramatically amid the index registering a decline. GameStop shares were halted at around 10:14 a.m., 10:20 a.m., 10:25 a.m., and 10:31 a.m., with the stops followed by resumption of trading a few minutes later,…
Amazon Stock Joins Tech Rout, Erases Nearly All Pandemic Gains
Amazon shares have eliminated nearly all of their gains from the coronavirus pandemic, plummeting about 36 percent so far this year. For the last two years, Amazon had been one of the top-performing companies throughout the global health crisis. As consumers stayed home, shoppers purchased many of their goods from the digital retailer, from toilet…
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