Tech rally helps US stocks recoverNEW YORK — U.S. stocks clawed back early losses Tuesday as Apple led a rally in technology companies. Smaller, more domestically focused companies also climbed. The late push offset a slump in household goods makers and industrial companies.Stocks fell in the early going as investors focused on trade tensions, a drop in construction, and weaker growth in manufacturing. Steel makers lost ground after the White House said it will delay its decision to impose tariffs on imports of steel and aluminum from the European Union, Canada and Mexico for 30 days.Amazon and other consumer-focused companies like Comcast, Hilton and Carnival rose, while banks and health care companies wiped out early losses to finish slightly higher.Randy Frederick, vice president of trading and derivatives at Charles Schwab, said the that even though companies are reporting great first-quarter results, the market isn't reacting very much. He thinks some people don't want to … [Read more...] about Business briefs: Tech stocks rally; dividend hike for Apple investors
Promising tech stocks
As some of the most popular tech stocks have rolled over badly in recent weeks, investors are running for the exits. Morgan Stanley notes that over the past week alone, U.S. equity outflows have totaled $7.5 billion, resulting in 54 percent of all year-to-date money that went into stocks now being pulled out. Can't say I blame them, with harrowing declines underway in widely owned big-cap technology names like Facebook (FB) and Amazon (AMZN). But equity analysts on Wall Street remain unshaken, shrugging off headwinds such as President Donald Trump's Twitter tirades against Amazon, production woes at Tesla (TSLA), and data privacy blowback at Facebook. Instead, they're seeing these companies' stock price downdrafts as creating a buying opportunity -- not an existential threat to earnings growth. Just look at Tesla, which among the tech stocks probably faces the most dire situation: an ongoing cash burn, a massive 123,000-unit Model S recall, another Autopilot-related fatality, … [Read more...] about Tech stocks’ tumble scares investors, but not analysts
Share This Story! Let friends in your social network know what you are reading about Facebook Email Twitter Google+ LinkedIn Pinterest Should 401(k) stock investors fear Dow's first quarterly loss since 2015? 401(k) investors could see red ink in their first-quarter account statements. Stocks suffered their first quarterly loss since 2015. Sent! A link has been sent to your friend's email address. Posted! A link has been posted to your Facebook feed. Join the Nation's Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Adam Shell, USA TODAY Published 12:34 p.m. ET March 30, 2018 | Updated 1:01 p.m. ET March 30, 2018 CLOSE The nine-year stretch of rising stock prices won’t last forever. So now’s a good time for investors to bear-proof their 401(k)s before the next financial storm. USA TODAY CONNECT TWEET LINKEDIN COMMENT EMAIL MORE Stocks marched … [Read more...] about Should 401(k) stock investors fear Dow’s first quarterly loss since 2015?
Business 29 March 2018 Share this with Facebook Share this with Twitter Share this with Messenger Share this with Messenger Share this with Email Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link http://www.bbc.co.uk/news/business-43578301 Read more about sharing. These are external links and will open in a new window Close share panel Technology shares, which helped power the rise of the US stock market last year, are pulling it lower now.The tech-rich Nasdaq index dropped 0.85% or almost 60 points to 6,949.2 on Wednesday, driven by declines in firms such as … [Read more...] about Amazon sinks as US tech stocks suffer
By now it's clear that the tech stocks that have been fueling the U.S. stock market are running out of gas. Sparking Tuesday's collapse in share prices across the board was the tech-heavy Nasdaq's nearly 3 percent tumble. You may not directly own any of the big tech names that have been the sector's leaders, but if you're in the stock market, you're likely carrying outsized exposure to a handful of mega-cap technology stocks. You also may not know the term -- FANGMAN -- used for these stocks on Wall Street trading desks, but you know the names: Facebook (FB), Amazon (AMZN), Netflix (NFLX), Google parent Alphabet (GOOGL), Microsoft (MSFT), Apple (AAPL) and Nvidia (NVDA). These are among the most heavily weighted shares in the S&P 500 stock index -- upon which nearly $8 trillion in assets are benchmarked -- because of their large market capitalization (price multiplied by shares outstanding). And thanks to persistent outperformance powered by tailwinds from iPhone sales, advertising … [Read more...] about Why tech stocks can drag the whole market down