In this episode of Motley Fool Money, Chris Hill chats with Motley Fool analysts Jason Moser and Andy Cross about the latest headlines and quarterly reports. They have news on a surprising potential acquisition, impressive results in the CRM and SaaS space, some stocks hitting a
In this episode of MarketFoolery, Chris Hill chats with Motley Fool analyst Bill Barker about the latest headlines and market reports from Wall Street. They discuss Zoom Video Communications' (NASDAQ: ZM) quarterly report. They've got news on a new membership service in the e-c
What happened
Technology stocks' September swoon continued on Friday. By the close of trading, shares of Amazon (NASDAQ: AMZN), Facebook (NASDAQ: FB), and Salesforce.com (NYSE: CRM) were down 2.2%, 2.9%, and 3.9%, respectively, after falling as much as 8% earlier in the day.
Today was better than yesterday for the S&P 500 (SNPINDEX: ^GSPC) index, which finished better than it looked for most of the trading day. The index closed down 28 points, or 0.81%, but was down more than 2% for most of morning trading. A late-day rally actually had the ind
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 strong and sustained rally in tech stocks, which appears to have finally come to an end, was due in no small part to a single investor. According to the Financial Times, citing "people familiar with the matter," Japanese tech conglomerate SoftBank (OTC: SFTBY) was the respon
The so-called FAANG stocks had a rough week at the start of September 2020. A broad market rout drove their share prices sharply lower on Thursday and Friday at an average drop of 7.1% for the group of five leading technology companies. The S&P 500 market index only fell 4%
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.
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.