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The Nasdaq closed lower on Friday though well above its session low as selling eased late in the day after investors dumped heavyweight technology stocks due to concerns about high valuations and a patchy economic recovery.

The U.S. Defense Department said on Friday it has completed a comprehensive re-evaluation of its $10 billion JEDI cloud computing contract proposals and determined that Microsoft Corp's submission continues to represent the best value for the government.

The Nasdaq was on track for its worst two-day fall since mid-March on Friday as investors dumped heavyweight technology stocks, while concerns around a patchy economic recovery also hit the S&P 500 and the blue-chip Dow.

SoftBank Group Corp made significant option purchases during the run-up in the U.S. stock market in recent weeks as a way of temporarily investing some of its proceeds from asset sales, people familiar with the matter said on Friday.

The U.S. Defense Department said on Friday it has completed a comprehensive re-evaluation of JEDI cloud computing proposals and determined that Microsoft Corp's submission continues to represent the best value for the government. (Reporting by Eric Beech; Editing by Mohammad Zargham) ((eric.beech@thomsonreuters.com; 202-898-8322; Reuters Messaging: eric.beech.reuters.com@reuters.net)) nW1N2FG06W

The Nasdaq was on track for its worst two-day fall since March on Friday as investors dumped heavyweight technology stocks, while concerns around a patchy economic recovery also hit the S&P 500 and the blue-chip Dow.

Amazon (NASDAQ: AMZN) only announced back in February that it was going on a hiring spree and adding 15,000 new jobs at its Bellevue, Washington, campus. The e-commerce giant has apparently already filled those positions and still needs more -- so it will add an additional 10,0

SoftBank Group Corp made significant option purchases in the U.S. stock market in recent weeks as a way of temporarily investing some of its proceeds from asset sales, people familiar with the matter said on Friday.

Wall Street's main indexes extended declines on Friday, with the Nasdaq on track for its worst two-day fall since March as technology stocks sold off again, overshadowing data showing a steeper-than-expected drop in the August unemployment rate.

Amazon.com Inc is planning to create 10,000 more jobs in the next few years in Bellevue, Washington, the e-commerce giant said on Friday.

Wall Street's main indexes extended losses on Friday after plunging in the previous session as technology stocks sold off again, overshadowing data showing a steeper-than-expected drop in the unemployment rate in August.

Amazon (NASDAQ: AMZN) is taking the first steps to further integrate its Prime Air fleet into its operations by directly acquiring a Boeing 767 cargo plane. While Amazon has 36 other 767s in its fleet, this is the first one that will operate under direct registration to Amazon

The S&P 500 was set for a higher open on Friday following a brutal selloff in the previous session as a drop in the unemployment rate offset a slide in technology stocks, while investors remained cautious about a patchy economic recovery.

Cloud computing is red-hot right now but it's one of those overnight successes that were years in the making. Decades, even. The idea of running intense computing processes in a data center and presenting the results in a web browser or mobile apps over the internet started to m

The best sort of companies to invest in during a recession are generally companies that see steady growth in customer demand, even in bad times. These are often companies that offer a newer, better way of doing things. They tend to provide their customers with amazing products o

This year's market crash was a great reminder of how important it is to have solid companies in your investment portfolio. In good times, you're able to count on their performance. And when bad times roll around, you can have confidence they will manage the crisis and rebound qu

Futures tracking the S&P 500 and Dow indexes bounced on Friday after Wall Street's worst session since June, with attention turning to the crucial jobs report that is likely to show a faltering recovery in the labor market.

There has been some excitement in the stock market recently, as both Apple and Tesla have just split their stock -- 4-for-1 and 5-for-1, respectively. The excitement isn't exactly warranted, though, because stock splits are far less meaningful than you might think.

A scorching stock market rally that pushed the benchmark S&P 500 to its best August in more than 30 years is entering what is historically the most volatile two-month stretch of the year, increasing the likelihood of market turbulence in the final stretch before the U.S. presidential election.

Japanese shares closed lower on Friday, after a sell-off in high-flying U.S. technology stocks pushed Wall Street to its steepest fall in nearly three months, although for the week, Tokyo markets ended in the green.