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))
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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.
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.
Shares of Zoom Video Communications (NASDAQ: ZM) recently surged to an all-time high after the video conferencing company's second-quarter earnings crushed Wall Street's estimates.
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.
It's been an odd year in the markets. What looked like it would be a difficult 2020 due to COVID-19 has turned into eight months in which the S&P 500 has climbed by a very respectable 10%. There's a real disconnect between Wall Street and what's happening in the economy, whe
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.
World shares slipped from record highs on Friday, and were on course for their worst week in more than two months, while gains in bonds and the dollar were modest as investors waited to see if U.S. jobs data triggers a bigger sell-off.
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.
World shares edged lower on Friday, and were on course for their worst week in more than two months, though gains in safer assets like bonds and the dollar were muted as investors awaited U.S. jobs data to see if it triggers a bigger sell-off.
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.
Asia's stock markets had their worst session in two weeks on Friday following a tech-led plunge on Wall Street, though gains in safer assets like bonds and dollars were muted as investors awaited U.S. job data to see if it triggers a bigger selloff.
Asia's stock markets had their worst session in two weeks on Friday following a tech-led plunge on Wall Street, though gains in safer assets like bonds and dollars were muted as investors awaited U.S. job data to see if it triggers a bigger selloff.
Japanese shares fell on Friday, after a sell-off in high-flying U.S. technology stocks dragged Wall Street's main indexes to their sharpest decline in nearly three months.
Asia's stock markets slipped on Friday, following the steepest Wall Street selloff since June, while safer bonds and the dollar found support as investors sought shelter.
Wall Street's main indexes closed sharply lower on Thursday, marking their deepest one-day declines since June as investors dumped the high-flying technology sector, while economic data highlighted concerns about a long and difficult recovery.
Stocks fell in historic fashion after a string of record-breaking sessions. The Dow in particular plunged over 800 points to its worst single-session drop since June, despite the number of first-time filers for unemployment benefits totaling 881,000 -- well below last week's.