What's behind the massive selloff in tech stocks?
Shares of big technology companies fell sharply on Monday morning amid a broader market sell-off. Nvidia was the biggest faller among the Magnificent Seven tech stocks, opening 14.2% down from Friday’s closing price. Tesla opened down 10.9%, Apple was down 9.6% and Amazon was down 8.2% at the start of trading. Meta, the parent company […]
Wall Street’s fear gauge surges as global market selloff deepens
Weak jobs report sends stocks plummeting on recession fears. Adam Turnquist, chief technology strategist at LPL Financial, explains more. Wall Street’s fear index surged to its highest level in more than four years early Monday amid a global market sell-off. The Cboe Volatility Index, or VIX, a gauge of investor fear, surged 172% to 62.27 […]
Trump reacts to global stock-market selloff: 'I told you so!!!'
Former President Trump seemed pleased with the sudden drop in global stock markets on Sunday night, suggesting his Democratic rivals were to blame. “The Stock Market Crash. I TOLD YOU SO!!! Kamala has no idea. Biden is fast asleep. All caused by incompetent leadership in the United States!,” Trump wrote on his Truth social platform […]
US stocks tumble as part of global market sell-off
Hedge fund manager Jonathan Honig of Capitalist Pig advises investors to focus on what’s working in the market right now, and it’s not Big Tech. U.S. stock futures fell sharply on Monday as fears of a U.S. recession caused turmoil across global markets. The Dow Jones Industrial Average fell more than 700 points, Nasdaq futures […]
stocks selloff, dow, S&P, Nasdaq, jobs report
Economist Peter Morici criticized the Biden administration’s economic policies, discussing tax cuts on Social Security benefits that former President Trump promoted during his election campaign. U.S. stocks are on their worst run since 2022 as a series of weak economic reports has fueled investor concern that a recession is on the way. All three major […]
Diamondbacks acquire A.J. Puk in trade as Marlins renew sell-off
The Marlins resumed their sales plans just before the trade deadline. Miami traded pitcher AJ Puk to the Diamondbacks in exchange for prospects Davison de los Santos and Andrew Pinter. ESPN’s Jeff Passan first reported the news.. Corner infielder De Los Santos was Arizona’s No. 14 prospect, and outfielder Pinter was No. 30. According to […]
Lynx: Buy TSM, chip stocks as sector sell-off expected to reverse – Investing.com
Shares of TSMC (TSM) and other semiconductor makers came under heavy pressure last week, mainly due to reports that the U.S. is considering tougher trade restrictions to limit China’s access to advanced chips. The Biden administration is reportedly considering tougher measures against companies such as Tokyo Electron and ASML ( ASML ) if they continue […]
Asian Stocks Decline as Chip Selloff Gains Steam: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian shares fell on Thursday as worries over tightening U.S. restrictions on semiconductor sales to China deepened a global sell-off in technology shares. Most read articles on Bloomberg Stocks in Japan and South Korea fell, with the Tokyo Stock Exchange down 1.5%, weighed down by a stronger yen and heavy selling by chipmakers […]
Dow Jones Today: Tech Selloff Sends Nasdaq, S&P 500 Lower as Investors Rotate Into Small Caps – Investopedia
S&P majors on Thursday 1 hour 36 minutes ago Rejectors Tesla Tesla (TSLA) shares had the biggest fall among S&P 500 stocks, plummeting 8.4% after reports the company would delay its robotaxi launch. The company had previously suggested it would hold an event on August 8 to unveil its autonomous vehicle solution, but Bloomberg reported […]
German Gov’t $354M BTC sell-off: Yet more volatility incoming? – Cointelegraph
A wallet named after Arkham Intelligence’s German Government (BKA) has an additional 6,000 bitcoin (worth $354 million) stored in preparation for the next BTC sale. So far, 5,853.409 Bitcoin (BTC) has been sent to addresses associated with exchanges such as Coinbase, Kraken, and Flow Traders, as well as other unconfirmed or unverified addresses. The next […]