Some of Wall Street’s biggest players are viewing the stock market's recent tech-led selloff as a bout of turbulence rather than the start of a longer slide -- and they don't see it as a reason to run for the door.
Some of Wall Street’s biggest players are viewing the stock market's recent tech-led selloff as a bout of turbulence rather than the start of a longer slide -- and they don't see it as a reason to run for the door.
Asia's stock markets snapped their longest losing streak since February on Thursday and rose following a bounce on Wall Street, though subdued trade in currency, commodity and bond markets suggested investors remain cautious about the outlook.
Asian markets are expected to swing higher on Thursday, after U.S. stocks reversed course from a three-day losing streak that led the technology-heavy Nasdaq into correction territory.
Wall Street's main indexes ended higher on Wednesday to snap a three-session losing skid as investors jumped back in to take advantage of the pullback in technology-related stocks, a day after the Nasdaq confirmed correction territory.
Wall Street's main indexes ended higher on Wednesday to snap a three-session losing skid as investors jumped back in to take advantage of the pullback in technology-related stocks, a day after the Nasdaq confirmed correction territory.
Wall Street's main indexes rallied on Wednesday to stanch the bleeding after a three-day drop as investors jumped back in to take advantage of the repricing in technology-related stocks, a day after the Nasdaq confirmed correction territory.
Wall Street's main indexes jumped on Wednesday as investors took advantage of a three-day sell-off to buy cheaper technology-related stocks, a day after the Nasdaq confirmed correction territory.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
U.S. stocks jumped on Wednesday as investors took advantage of a three-day sell-off to buy into high-flying tech stocks, a day after the Nasdaq confirmed correction territory.
What happened
Shares of electric-car company Tesla (NASDAQ: TSLA) jumped on Wednesday, rising as much as 10.5%. As of 10:15 a.m. EDT, however, the stock was up about 6%.
U.S. stocks bounced on Wednesday with the Nasdaq gaining 1.5%, as a rout in technology shares halted and investors shrugged off news that AstraZeneca had paused global trials of its experimental coronavirus vaccine.
What happened
Shares of special purpose acquisition company (SPAC) DiamondPeak Holdings (NASDAQ: DPHC) skyrocketed 63.9% in August, according to data provided by S&P Global Market Intelligence. That handily outperformed the broader market.
Stock splits are all the rage these days. Tech juggernaut Apple and electric vehicle leader Tesla grabbed headlines in recent weeks by splitting their high-priced stocks to make them more affordable for the average investor, among other reasons. Following the moves, those
Wall Street's main indexes were on track to open higher on Wednesday, as technology-focused companies climbed following three sessions of intense selling that sent the Nasdaq Composite index lower by 10%.
The NASDAQ 100 Pre-Market Indicator is up 158.47 to 11,226.73. The total Pre-Market volume is currently 19,331,556 shares traded.The following are the most active stocks for the pre-market session: Tesla, Inc. (TSLA) is +21.59 at $351.80, with 2,844,432 shares traded. Over the l
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.