Tuesday, May 24, 2022After two strong days in the market for the Dow and S&P 500, we’re returning to a bearish stance in Tuesday’s pre-market: the Dow is -172 points at this hour, the S&P is -38 and the tech-heavy Nasdaq is -196 points. A warning from social media
Stock Market Today Mid-Morning UpdatesOn Tuesday, the Dow Jones Industrial Average is down by 230 points, after it rebounded by nearly 2% on Monday. Today, Abercombie & Fitch (NYSE: ANF) is down by over 25% after the retailer reported an unexpected quarterly loss. The company
Snap Inc's shares plunged nearly 40% on Tuesday after a profit warning from the Snapchat parent signaled tough times ahead for the once-booming digital ad industry, sparking a sector-wide selloff.
U.S. stock indexes were set to fall on Tuesday following a strong relief rally in the previous session as weak forecasts from firms including Snapchat owner Snap Inc added to nerves about an inflation-struck economy.
The stock market hasn't been able to put together a convincing rally for a long time, and Tuesday brought another disappointment. After strong gains on Monday, the Nasdaq Composite (NASDAQINDEX: ^IXIC) didn't look like it would be able to sustain gains on Tuesday morning. As of 8
Technology stocks were retreating premarket Tuesday. The Technology Select Sector SPDR ETF (XLK) and the Semiconductor Sector Index Fund (SOXX) were recently down more than 1%.
The NASDAQ 100 Pre-Market Indicator is down -191.59 to 11,842.69. The total Pre-Market volume is currently 21,389,285 shares traded.The following are the most active stocks for the pre-market session: Snap Inc. (SNAP) is -7.33 at $15.14, with 7,080,900 shares traded. As reported
Big tech has been humbled by the market over the past several months. We're witnessing the highest levels of inflation since the early 1980s, and as a result, the Federal Reserve has made the decision to raise interest rates. What's more, Russia's invasion of Ukraine has slowed d
Snap Inc's shares slumped 30% before the bell on Tuesday after a profit warning from the social media company signaled tough times ahead for the once-booming industry, sparking a sector-wide selloff.
Our theme of Value Tech Stocks – which is comprised of tech stocks with a market cap of over $5 billion and a price to earnings multiple of under 20x – has declined by almost 19% year-to-date, although it has outperformed the broader Nasdaq-100 index, which remains do
Vacation rental firm Airbnb Inc said on Tuesday it will shut down all listings and experiences in mainland China from July 30, joining a long list of Western internet platforms that have opted out of the China market.
Asian shares slipped on Tuesday as relief at a rally on Wall Street was quickly soured by a slide in U.S. stock futures, while the euro held near one-month highs as odds narrowed on a July rate rise by the ECB.
Asian shares got off to a sluggish start on Tuesday after a rally on Wall Street was soured by an early slide in U.S. stock futures, while the euro was near one-month highs as odds narrowed on a July rate rise by the ECB.
Most of a Florida law that sought to stop social media companies from restricting users' political speech violates the companies' free speech rights and cannot be enforced, a federal appeals court ruled on Monday, agreeing with a lower court.
Most of a Florida law that sought to stop social media companies from restricting users' political speech violates the companies' free speech rights and cannot be enforced, a federal appeals court ruled on Monday, agreeing with a lower court.
The artificial intelligence (AI) market has grown significantly in recent years as companies have launched more powerful chips and data-processing algorithms. Yet this nascent market could still grow at a compound annual growth rate (CAGR) of 20.1% between 2022 and 2029, accordin
Snap SNAP recently launched new augmented reality (AR) lenses at Electric Daisy Carnival, Las Vegas.The four introduced lenses are Night Owl Lens, Daisy Lens, AR Compass and Friend FindAR Lens.These new AR experiences introduced at the music festival are part of Snap’s Li
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $993.6 million dollar inflow -- that's a 1.7% increase week over
Wall Street's main indexes were set for a higher open on Monday, helped by a bounce back in growth and bank stocks, after the benchmark S&P 500 hovered near a grim market milestone at the end of last week.