• Markets Right Now: Tech stocks lead a slump on Wall Street

    29 days ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    11:45 a.m.
    Technology stocks are leading a slump on Wall Street led by big drops in Apple and Facebook.
    Apple lost 3.9 percent in midday trading Monday and Facebook gave up 5.2 percent.
    Nissan's U.S.-listed shares slumped 5.1 percent after the carmaker's chairman, Carlos Ghosn, was arrested after allegedly under-reporting his income.
    High-dividend stocks like utilities held up better than the rest of the market.
    The S&P 500 index fell 43 points, or 1.6 percent, to 2,693.
    The Dow Jones Industrial Average lost 392 points, or 1.5...
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  • More losses from big tech companies pull stocks lower, knocking 500 points off the Dow Jones Industrial Average

    29 days ago - By Chron

    NEW YORK - More losses from big tech companies pull stocks lower, knocking 500 points off the Dow Jones Industrial Average.
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  • Tech Stocks COLLAPSE as macro funds nuke ‘risk-on' positioning into year-end

    Tech Stocks COLLAPSE as macro funds nuke ‘risk-on' positioning into year-end

    29 days ago - By ETF Daily News

    From Tyler Durden : After a roller-coaster ride overnight, US equities are tumbling out of the gate with tech-heavy Nasdaq leading the collapse as various big-tech ‘no brainers' such as AAPL, FB, and NVDA are all plunging...
    As Nomura's Charlie McElligott notes, all leadership stocks are getting crushed as macro funds absolutely nuke ‘risk-on' positioning into year-end...
    Whether due to 1) “end of cycle” view accelerating, 2) monetization / protection of YTD gains or the most likely 3) a mix of both points 1 and 2, Macro Funds cut risk across the board...
    Macro Fund Beta to SPX down to...
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  • Markets Right Now: Stocks open slightly lower on Wall Street

    29 days ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    9:35 a.m.
    Stocks are opening slightly lower on Wall Street led by declines in technology and industrial companies.
    Apple sank 2.6 percent in early trading Monday and Amazon lost 1.5 percent. Boeing gave up 1 percent.
    Nissan's U.S.-listed shares slumped 8.5 percent after the company's chairman Carlos Ghosn was arrested after allegedly under-reporting his income.
    The S&P 500 index fell 6 points, or 0.2 percent, to 2,729.
    The Dow Jones Industrial Average lost 53 points, or 0.2 percent, to 25,365. The Nasdaq composite lost 38 points...
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  • Tech stocks lead US indexes lower; oil prices sink again

    29 days ago - By Chron

    NEW YORK - More losses for technology companies are taking U.S. stock indexes lower Monday. Internet companies and retailers are also falling. High-yielding defensive stocks including real estate and utility companies are making small gains. Nissan sank after its chairman was arrested on misconduct charges.
    KEEPING SCORE: The S&P 500 index fell 31 points, or 1.1 percent, to 2,705 as of 11:30 a.m. Eastern time. The Dow Jones Industrial Average dipped 290 points, or 1.1 percent, to 25,122. The Nasdaq composite shed 147 points, or 2 percent, to 7,100. The Russell 2000 index of smaller-company...
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