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U.S. stocks skid again on renewed fears that tech sector has run out of steam
3 monthes ago - By Washington Post
The Nasdaq, which has been in a pressure cooker for weeks, fell another 2.8 percent, dragging down the broader market.
Read more ...How major US stock indexes fared Monday
3 monthes ago - By Chron
Stocks closed sharply lower Monday, pulling the Dow Jones Industrial Average down 600 points.
Technology stocks led the broad market slide after a report that suggested Apple cut back orders significantly from a parts supplier rattled investors. Banks also took heavy losses.
On Monday:
The S&P 500 index dropped 54.79 points, or 2 percent, to 2,726.22.
The Dow fell 602.12 points, or 2.3 percent, to 25,387.18.
The Nasdaq composite slid 206.03 points, or 2.8 percent, to 7,200.87.
The Russell 2000 index of smaller companies gave up 30.70 points, or 2 percent, to 1,518.79.
For the year:
The S&P...
Read more ...Stocks Resume Their Selloff as Apple Helps Drag the Dow Down 600 Points
3 monthes ago - By Fortune
That stock rally last week after the mid-term election? It's already over. U.S. stocks tumbled again Monday, led by tech stocks like Apple .
The Dow Jones Industrial Average fell 2.3% Monday, while the S&P 500 Index dropped 2% and the tech-heavy Nasdaq Composite slid 2.9%.
The volatile selloff in stocks is entering its seventh week, with the Nasdaq having lost 10.5% since the beginning of October. Today's decline was led largely by Apple, which fell 5% on Monday after Lumentum, an Apple supplier, cut its earnings outlook , adding to concern about weaker demand for iPhones. Earlier this...
Read more ...Aurora Cannabis' earnings surge by 2,800% after it produces 11,000 pounds of pot in 3 months
3 monthes ago - By CNBC
Aurora Cannabis reported on Monday that revenue jumped 260 percent over the last 12 months, with kilograms produced climbing to 4,996 from 1,010 over the past year.
Read more ...Apple's breakdown could mean the stock market retests the October low, chart analysts fear
3 monthes ago - By CNBC
Stocks are at a turning point, and it could be Apple and other tech names that help decide whether the market revisits October lows.
Read more ...Monday Mayhem: Shades of October as Stocks, Oil Flop While Dollar Gains
3 monthes ago - By Forbes
After a 2% rally last week, stocks got off on a very different foot Monday. The tech and financial sectors helped lead the way lower amid geopolitical concerns and tech demand worries. A stronger dollar could be a sign that some investors are adopting more of a “risk-off” stance.
Read more ...US stocks skid again on renewed fears that tech sector has run out of steam
3 monthes ago - By Philly
The Nasdaq, which has been in a pressure cooker for weeks, falls another 2.8 percent, dragging down the broader market.
Read more ...Explaining Amarin's Fishy Stock Slide
3 monthes ago - By Fortune
There's a fishy story rippling through the life sciences today.
On Monday, Dublin-based biopharma Amarin stock sank about 7% (and, at some points during the trading day, as much as 15%) following a tug-of-war narrative over its prescription strength fish oil drug Vascepa -and just how much of a benefit the treatment may present in reducing cholesterol and, consequently, fighting cardiovascular disease.
Let's recap. The debate was set off by detailed results published in the New England Journal of Medicine and presented at the American Heart Association meeting in Chicago over the weekend...
Read more ...Carmelo Anthony never turned into the player the NBA world expected, and now his career has taken an ugly final turn
3 monthes ago - By Business Insider
Carmelo Anthony may soon be released by the Houston Rockets, according to reports, and will be looking for a fifth team in two years.
At a point in his career when many former stars accept smaller roles on championship teams, it appears Anthony is struggling to find a team where his skills fit.
Anthony was a dominant player in his prime, but many in the basketball world believe he didn't realize his full skills, which could have made his career more successful.
In a somewhat surprising turn of events, it appears Carmelo Anthony's tenure with the Houston Rockets will soon come to an end...
Read more ...Brainstorm Health: Amarin Fish Oil, Athenahealth Deal, Guns and Doctors, Veterans' Health
3 monthes ago - By Fortune
Happy Monday, readers!
There's a fishy story rippling through the life sciences today.
On Monday, Dublin-based biopharma Amarin stock sank about 7% (and, at some points during the trading day, as much as 15%) following a tug-of-war narrative over its prescription strength fish oil drug Vascepa -and just how much of a benefit the treatment may present in reducing cholesterol and, consequently, fighting cardiovascular disease.
Let's recap. The debate was set off by detailed results published in the New England Journal of Medicine and presented at the American Heart Association meeting in...
Read more ...Stock trading turns jittery again after two weeks of gains, pulling Dow industrials down 600 points, or 2.3 percent
3 monthes ago - By Chron
NEW YORK - Stock trading turns jittery again after two weeks of gains, pulling Dow industrials down 600 points, or 2.3 percent.
Read more ...
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