Friday, Oct. 30, was a scary day for the markets -- very appropriate for the day before Halloween. The tech-focused Nasdaq declined 2.45%, and the leading FAANG contingent fell even harder, with all major names declining more than 5%. That is, except one:
Company
Shareholders might have noticed that Apple Inc. (NASDAQ:AAPL) filed its yearly result this time last week. The early response was not positive, with shares down 5.4% to US$109 in the past week. Results were roughly in line with estimates, with revenues of US$275b and statutory e
Lighting and digital screen technology developer Universal Display (NASDAQ: OLED) reported third-quarter results after the closing bell on Thursday, Oct. 29. The results left analyst estimates in the dust, led by an impressive jump in sales of organic light-emitting diode (OLED)
Apple (NASDAQ: AAPL) investors, start sending thank-you cards to the wireless carriers. It's no stretch to suggest that their current deals represent the most aggressive iPhone promotions most customers have ever seen . Carriers believe customers have a huge appetite for the 5G i
Apple (NASDAQ: AAPL) reported fiscal fourth-quarter earnings on Oct. 29, but investors weren't impressed as shares sank 6% following the release. The market seemed disappointed that the company didn't provide more specific guidance, but it's hard to blame Apple for taking a conse
A U.S. judge in Pennsylvania on Friday blocked a U.S. Commerce Department order set to take effect on Nov. 12 that would have effectively barred Chinese-owned short video-sharing app TikTok from operating in the United States.
Some investors are betting the technology and communications stocks that drove a massive rebound in U.S. markets this year will face a tougher slog in coming months, no matter whether Republican President Donald Trump or Democratic challenger Joe Biden wins Tuesday's election.
U.S. stock indexes closed lower on Friday to cap Wall Street's biggest weekly sell-off since March, as losses in richly priced tech heavyweights, a record rise in coronavirus cases and jitters over the presidential election snuffed investor sentiment.
Stocks across the globe resumed their slide on Friday and oil posted a double-digit weekly fall on continued concern over the economic impact of rising global coronavirus infections and ahead of Tuesday's U.S. presidential election.
U.S. stock indexes closed lower on Friday, capping Wall Street's worst week since the March sell-off, as losses in richly priced tech heavyweights, a record rise in coronavirus cases and jitters over the presidential election snuffed investor sentiment.
What happenedShares of several electric-vehicle companies were trading lower on Friday afternoon, as rising numbers of coronavirus infections and disappointing earnings results from key tech bellwethers sent investors heading for the exits.
Stocks across the globe resumed their slide on Friday and oil headed for a double-digit weekly fall on continued concern over the economic impact of rising global coronavirus infections and ahead of Tuesday's U.S. presidential election.
Major U.S. stock indexes tumbled on Friday, dragged by losses in tech heavyweights that had been priced for perfection, and a record rise in coronavirus cases fed the glum mood along with presidential election jitters.
According to John Hopkins University, the United States recorded nearly 90,000 cases of COVID-19 on Thursday, a record for the pandemic. The case count could climb much higher in the coming weeks, which would likely prompt state and local officials to introduce new restrictions t
Earnings season has reached its peak, and on Friday, the Nasdaq Composite (NASDAQINDEX: ^IXIC) didn't like what it saw from the latest reports of its most important constituents. As of 1 p.m. EDT, the Nasdaq was down 2.5%, doubling the declines in a couple of other prominent stoc
Wall Street's major indexes tumbled on Friday, dragged down by a slide in shares of tech heavyweights following their quarterly results, with a record rise in coronavirus cases and nerves over the presidential election adding to a downbeat mood.
Reuters
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