• Markets Right Now: US stocks open lower, led by tech sector

    5 monthes ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    9:35 a.m.
    Stocks are opening mostly lower as technology companies continue to fall. Major U.S. indexes are coming off their worst week in six months.
    Texas Instruments fell 1.4 percent and Microsoft lost 0.8 percent Monday.
    Banks declined as well. Bank of America fell 1.3 percent after reporting its third-quarter results.
    The S&P 500 index lost 7 points, or 0.3 percent, to 2,759. It fell 4.1 percent last week despite a rally Friday.
    The Dow Jones Industrial Average shed 45 points, or 0.2 percent, to 25,294. The Nasdaq composite...
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  • More Downside Ahead For Dow Jones Industrial Average?

    5 monthes ago - By ETF Daily News

    Market technician Dave Chojnacki of StreetOne Technical Analysis kicks off the new trading week with a deep dive into the underlying technicals for the major U.S. averages.
    After two big days to the downside equites were oversold and looking to bounce. Sure enough, the major indices opened strong to the upside on Friday, despite no major economic reports or news. Friday was purely a technical bounce and the selling may not be over.
    The early gains were nearly given up midway in the session on Friday, but a strong finish broke the losing streak. It was 6 straight losing sessions for the SPX...
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  • 10 years after the recession, U.S. cities with a strong tech industry are the most resilient

    10 years after the recession, U.S. cities with a strong tech industry are the most resilient

    5 monthes ago - By Venture Beat

    The U.S. states and metro areas with large tech industries - most notably Silicon Valley and the Bay Area - are adding jobs, residents, and seeing income rise at a faster rate than other parts of the country. This polarization has prompted hand-wringing from both tech executives, but it continues to grow year-over-year. Now, a new repor...
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