What happened
Shares of DigitalOcean (NYSE: DOCN) sank 28.6% in January, according to data from S&P Global Market Intelligence. The cloud infrastructure company's stock suffered big pullbacks in a month that also saw the S&P 500 index slump by 5.3% and the Nasdaq Composit
Savvy investors know that a market downturn is to be expected every year or two and that it's not a great concern for long-term investors who don't plan to sell their stocks anytime soon. In fact, market downturns actually can be terrific times to buy stocks, as shares of many gr
Spotify's (NYSE: SPOT) stock plunged 17% to its lowest levels since May 2020 after the streaming music giant posted its fourth-quarter earnings.Spotify's revenue rose 24% year over year to 2.69 billion euros ($3.08 billion), which topped analysts' estimates by 34 million euros. I
Less than a week before Netflix (NASDAQ: NFLX) disappointed Wall Street by providing weak first-quarter 2022 guidance of just 2.5 million new customers, the business announced that it would be raising prices in the U.S. and Canada. The stock reacted positively to the news, finish
The last few months have been brutal for growth stocks. In addition to multiple other factors, macroeconomic shifts and disappointing performance from some industry-leading tech names have led to waning investor confidence in companies with forward-looking valuations.
Stocks were volatile again last week but ended higher as investors reacted to a mixed week for Q4 earnings reports. The Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) each gained over 1% following a brutal January. Indexes are still in negati
What happened
The cryptocurrency market is posting gains in today's trading session, including big gains for many altcoins. Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and The Sandbox's (CRYPTO: SAND) respective cryptocurrencies were up roughly 3.2%, 4.9%, and 12.2% as of
On Jan. 20, Netflix (NASDAQ: NFLX) released mixed financial results for its 2021 fourth quarter. What shocked the market was management's guidance of just 2.5 million subscriber additions in the current quarter, far fewer than Wall Street's expectation of 6.9 million. The stock i
Netflix (NASDAQ: NFLX) shares crashed 25% after reporting fourth-quarter 2021 earnings on Jan. 20. While the stock has recovered a bit since then, the sudden drop appears to be due to new guidance from management. Netflix told investors to expect lower-than-average subscriber gro
It's no secret that the stock market can put you on a path to financial independence. Unfortunately, many investors lack the patience required to realize that dream. Generally speaking, life-changing wealth doesn't accumulate overnight. But with a long-term mindset and a diversif
January was a wild month in the stock market as a whole. A sharp correction led by growth stocks dragged major indexes lower. It's hard to point to a small handful of stocks that moved the market when volatility was so high across the board. Still, a look at some of the larger co
The Nasdaq Composite has dropped by 11% since the beginning of the year, and many tech giants have performed substantially worse. For instance, shares of streaming companies Netflix (NASDAQ: NFLX) and Roku (NASDAQ: ROKU) are down by 32% and 36%, respectively, since Jan. 1.
For investors looking to create life-changing wealth, often the best way to do so is through a simple buy-and-hold strategy. For example, if you invested $10,000 in Microsoft 10 years ago, you would now have over $97,000 -- almost a 10x return on your money. If you can find hig
A day after Facebook owner Meta Platforms suffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day increase in value.
The S&P 500 has had a cold start to the new year, down 6% in the month of January. This situation might be scaring investors out of the market entirely, as the downward trend could continue with uncertainty about inflation, the Fed's pending rate hikes, and the ongoing pandem
January was a tough one for investors, with the S&P 500 (SNPINDEX: ^GSPC) losing a little more than 5.2% of its value. That sell-off marks the worst month for the market since March of 2020 when stocks plummeted as the COVID-19 pandemic was declared.
After looking like it was about to plunge into correction territory, the S&P 500 has pared its losses for the new year by almost half after notching several days of gains. It's still quite likely that a stock market crash will happen sooner rather than later, as there have be