U.S. stock indexes ended lower on Friday after a solid jobs report ate in to hopes for a pause in the Federal Reserve's aggressive policy-tightening which is needed to cool decades-high inflation.
Technology stocks were finishing near their intra-day lows, with the SPDR Technology Select Sector ETF (XLK) Friday falling 2.3% while the Philadelphia Semiconductor Index was sliding 2.8% this afternoon.
Block, Inc. SQ recently formed a partnership with Apple AAPL. Per the terms of the deal, SQ’s Square Point of Sale (POS) app will be equipped with Apple’s contactless payment acceptance feature named Tap to Pay on iPhone.
What happened
Shares of some of the world's biggest technology companies languished on Friday after several days of positive gains for the market. Semiconductor specialist Nvidia (NASDAQ: NVDA) was down as much as 5.5%, iPhone maker Apple (NASDAQ: AAPL) was off by as much as 4.5%
U.S. stock indexes fell on Friday after a solid jobs report appeared to give the Federal Reserve a green light to continue on an aggressive policy-tightening path to cool decades-high inflation while shares of Apple and Tesla weighed heavily.
Technology stocks were declining on Friday, with the SPDR Technology Select Sector ETF (XLK) falling 2.1% while the Philadelphia Semiconductor Index was sliding 2.4% this afternoon.
U.S. stock indexes fell on Friday as a solid jobs report supported the view that the Federal Reserve would continue on its aggressive policy tightening path to cool decades-high inflation, with shares of Apple and Tesla weighing the most.
U.S. stock indexes fell on Friday, dragged down by shares of Apple and Tesla, while a solid jobs report supported the view that the Federal Reserve would continue on its aggressive policy tightening path to cool decades-high inflation.
In early trading on Friday, shares of International Business Machines topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.7%. Year to date, International Business Machines Corp registers a 5.6% gain.
Tesla (NASDAQ: TSLA) CEO Elon Musk is never afraid to speak his mind, and millions of people pay close attention. So when Musk warned that he's growing pessimistic about the future of the U.S. economy and recommended taking action to defend his company from a potential slowdown,
U.S. stock indexes opened lower on Friday, dragged down by shares of Tesla and Apple, while a solid jobs report fanned worries over tighter monetary policy and soaring inflation.
U.S. stocks were set to open lower on Friday as Tesla CEO Elon Musk's warning on the economic outlook and a solid jobs report fanned worries over tighter monetary policy and soaring inflation.
EU countries and EU lawmakers are set to agree on a common charging port for mobile phones, tablets and headphones on June 7 when they meet to discuss a proposal that has been fiercely criticised by Apple, people familiar with the matter said.
The NASDAQ 100 Pre-Market Indicator is down -181.5 to 12,711.39. The total Pre-Market volume is currently 33,531,032 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is -1.14 at $33.76, with 3,982,257 shares traded.
Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) have been two chart-topping stocks for the past couple of years. Each is a consumer-oriented technology company that has reached a massive scale. Amazon boasts over 200 million Prime members, and Apple crossed the 1 billion active iP
For the first time, streaming has overtaken legacy pay-TV in terms of adoption in the U.S. 65% of people aged 18 to 49 watched streaming TV in March 2022, more than the 63% that watched legacy pay TV.
The future of entertainment will likely see streaming become the prevailing c
EU countries and EU lawmakers are set to agree on a common charging port for mobile phones, tablets and headphones on June 7 when they meet to discuss a proposal that has been fiercely criticised by Apple, people familiar with the matter said.