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U.S. stock index futures jumped on Wednesday following a brutal sell-off in heavyweight technology stocks that sent the Nasdaq Composite index into correction territory in just three sessions.
For Wall Street, 2020 has been a year filled with twists and turns. The uncertainty created by the coronavirus disease 2019 (COVID-19) pandemic pushed equities considerably lower during a five-week stretch in the first quarter. This was followed by the stock market staging its m
There isn't much any of us can do in large groups these days. Concert venues are closed, many movie theaters remain shuttered, and many large, outside events have been canceled thanks to COVID-19. With so many restrictions on where people work, how they have fun, and where they
The past eight months have been a roller-coaster ride for investors. Between the rapid spread of COVID-19, the stay-at-home orders imposed by many governments in an effort to "flatten the curve" of infection, and the ensuing economic consequences of the pandemic, the stock marke
Samsung Electronics' display unit and LG Display Co Ltd are expected to stop supplying panels for premium smartphones to Huawei Technologies due to U.S. restrictions, South Korean online media Chosun Biz reported on Wednesday.
The epic battle between Apple (NASDAQ: AAPL) and Epic Games over the latter's Fortnite is getting more intense. On Tuesday, it was revealed that the tech giant has sued the video game developer for breach of contract and on other counts, responding in kind to legal actions Epic
As a tech-fueled sell-off hits Wall Street, investors are looking to options markets - including the positioning of Japan's SoftBank Group Corp - to determine how much more volatility may be in store.
On Sept. 8, the S&P 500 Index (SNPINDEX: ^GSPC) continued to tumble lower, with today's 95-point decline erasing 2.8% in value. That marks the third-straight session where the index, which makes up about 80% of the market value of all U.S. stocks, finished lower. In total,
Cloud data management company Snowflake revealed in a regulatory filing today that Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) and salesforce.com (NYSE: CRM) would each make a $250 million investment in the company using a concurrent private placement in conjunction with its
What happened
Shares of analog and mixed-signal semiconductor designer Cirrus Logic (NASDAQ: CRUS) fell 11.6% in August, according to data from S&P Global Market Intelligence. The month started with an 8% rise in anticipation of a strong first-quarter earnings report. The re
The holiday-shortened week began in dramatic fashion, falling sharply as stocks in the tech sector extended their worst selloff in nearly half a year -- the Dow plunging over 600 points. Elsewhere, the Nasdaq and S&P 500 closed substantially lower as well, with the former
U.S. stocks closed lower for a third straight session on Tuesday as heavyweight technology names extended their sell-off to send the Nasdaq into correction territory, while Tesla suffered its biggest daily percentage drop after the stock was passed over for inclusion in the S&P 500.
U.S. stocks closed lower for a third straight session on Tuesday as heavyweight technology names extended their sell-off, while Tesla suffered its biggest daily percentage drop after the stock was passed over for inclusion in the S&P 500.
The impact of Apple (NASDAQ: AAPL) kicking out Fortnite from the App Store may be far greater than what developer Epic Games imagined when it stirred up a hornet's nest by challenging Apple's commission fee structure.
U.S. stocks dropped for a third straight session on Tuesday as a sell-off in high-flying technology names continued from the prior week, while Tesla was poised for its worst day in nearly six months after the stock was passed over for inclusion in the S&P 500.
What happened
Shares of Sonos (NASDAQ: SONO) fell 12.1% in August 2020, according to data from S&P Global Market Intelligence. The pioneering maker of smart speakers entered the month on a strong tailwind of bullish analyst reports, but the third-quarter report on August 5 f
Options investors have pulled back from bullish bets on some tech-related stocks amid a sharp selloff in U.S. equities, after a surge in call buying over the last few weeks.
Apple (NASDAQ: AAPL) announced today that it will hold its annual event next Tuesday, Sept. 15, at 1 p.m. EDT. The presentation will take place at the Steve Jobs Theater at the company's Cupertino, California, campus, though this year's presentation will be digital-only due to t