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.
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.
Facebook Inc confirmed on Friday it was temporarily halting recommendations for all political groups and any new groups in the run-up to Tuesday's U.S. presidential election.
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
Facebook Inc confirmed on Friday it was temporarily halting recommendations for all political groups and any new groups in the run-up to Tuesday's U.S. presidential election.
What happenedShares of Facebook (NASDAQ: FB) have dropped today, down by 6% as of 12:20 p.m. EDT, after the company reported third-quarter earnings. The results topped expectations, but the social networking giant warned of considerable uncertainty ahead.
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.
What happenedShares of Teladoc Health (NYSE: TDOC) were losing ground Friday after the telehealth specialist announced it had completed its merger with Livongo Health, the health-tech company best known for its diabetes-monitoring platform.
Pinterest (NYSE: PINS) and Snap (NYSE: SNAP) both recently dazzled investors with their latest earnings reports.Pinterest's revenue rose 58% year-over-year to $443 million in the third quarter, clearing estimates by $55 million. Its adjusted earnings jumped from $0.01 to $0.13 pe
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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.