• Markets Right Now: Tech, internet stocks lead early declines

    1 month ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    9:35 a.m.
    Stocks are opening moderately lower on Wall Street, led by declines in technology and internet companies.
    Apple fell 3.7 percent in early trading Monday and Google's parent company Alphabet gave up 1.5 percent.
    Athenahealth jumped 9.6 percent after the struggling medical billing software maker received a $5.7 billion cash buyout offer.
    The S&P 500 index fell 16 points, or 0.6 percent to 2,764.
    The Dow Jones Industrial Average fell 113 points, or 0.5 percent, to 25,870. The Nasdaq composite lost 87 points, or 1.2...
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  • US stocks move broadly lower in early trade; oil rising

    1 month ago - By Chron

    U.S. stocks moved broadly lower in early trading Monday, weighed down by losses in technology companies and banks. Consumer-focused companies and media and communications stocks also took losses. Crude oil prices were headed higher, snapping a 10-day skid, after Saudi Arabia said it planned to cut its output.
    KEEPING SCORE: The S&P 500 index dropped 21 points, or 0.8 percent, to 2,759 as of 10 a.m. Eastern Time. The Dow Jones Industrial Average fell 179 points, or 0.7 percent, to 25,809. The Nasdaq composite slid 106 points, or 1.4 percent, to 7,300. The Russell 2000 index of smaller...
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  • Apple, Tech Sector Crushed by Weak Forecasts

    1 month ago - By NY Times

    U.S. stocks fell for a third day on Monday, as a slump in Apple Inc shares following weak forecasts from two of its suppliers hit the technology sector.
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  • Tobacco stocks slump after report says the FDA is considering a ban on menthol cigarettes

    Tobacco stocks slump after report says the FDA is considering a ban on menthol cigarettes

    1 month ago - By Business Insider

    The Food and Drug Administration plans to pursue a ban on menthol cigarettes, The Wall Street Journal reported.
    As early as this week, the FDA is expected to announce a ban on the sale of most flavored e-cigarettes in convenience stores and gas stations.
    As a result, tobacco stocks took a hit across the broad.
    The potential menthol ban won't have a near-term effect on the markets, according to analysts.
    Tobacco stocks are getting slammed on Monday following a report the Food and Drug Administration is going after menthol cigarettes, which the investment firm Jefferies says represents 34%...
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  • Wall Street opens lower as Apple drags

    1 month ago - By Reuters

    U.S. stocks opened lower on Monday, as a slide in Apple Inc after weak forecasts from two of its suppliers and losses in tobacco companies offset early gains from a rebound in oil prices.
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  • Apple, tobacco stocks set to lead Wall Street lower

    1 month ago - By Reuters

    U.S. stocks were headed for a lower opening on Monday, as a slide in Apple Inc after weak forecasts from two of its suppliers and losses in tobacco companies offset early gains from a rebound in oil prices.
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