Category: selloff

Futures Up as Big Tech Bounces From Selloff; Cyclicals Rise

October 5, 2021
bigBusiness & EconomyCompaniesEconomieseconomyfuturesInvestmentLocal NewsMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsselloffTechUSUS News
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U.S. stocks were set to rise at the open on Tuesday as technology shares recovered from a sharp selloff, while economy-sensitive cyclical stocks were in favor ahead of closely watched monthly payrolls data later in the week. High-growth stocks including Apple Inc., Amazon.com Inc., Microsoft Corp., and Alphabet Inc. rose between 0.2 percent and 0.6…

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Tesla Loses More Than $244 Billion in a Month as Rally Fizzles

March 9, 2021
BusinessEconomieseconomyElon MuskMarketsselloffstocksUS
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Shares of Tesla Inc. fell for a fifth consecutive session on Monday, caught in a tech-led selloff that has wiped more than $244 billion off the company’s market value over the last month. High-flying tech stocks, which powered the market’s rebound from the pandemic lows in March last year, have been hit by a one-two…

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