Investors are grappling with how to play heavyweight U.S. technology shares, which are trading well above long-term valuations despite a sell-off last month that took some air out of the stocks.
The S&P 500 and the Nasdaq retreated on Tuesday as Federal Reserve Chair Jerome Powell warned the U.S. economic recovery remained far from complete, with a selloff in some of the biggest technology companies also weighing on sentiment.
Apple Inc said on Tuesday it would hold a special event on Oct. 13, which most analysts believe will be used to unveil new iPhones with 5G capabilities.
The U.S. House of Representatives antitrust subcommittee's findings on the business practices of four large tech companies is expected to be broken up into three reports, according to two sources with direct knowledge of the matter, as bipartisanship among committee members appeared to break down.
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".
Apple Inc on Tuesday said it
would hold a special event on Oct. 13, which most analysts
believe will be used to unveil new iPhones with 5G capabilities.
(Reporting by Stephen Nellis in San Francisco)
((Stephen.Nellis@thomsonreuters.com; (415) 344-4934;))
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The S&P 500 and the Nasdaq retreated on Tuesday as Federal Reserve Chair Jerome Powell warned the U.S. economic recovery remained far from complete, with a selloff in some of the biggest technology companies also weighing on sentiment.
The U.S. House of Representatives antitrust subcommittee's report on the business practices of four large tech companies is expected to be broken up into three reports instead of one, according to two sources with direct knowledge of the matter, as bipartisanship among committee members appeared to break down.
A U.S. judge said on Tuesday he would hold a Nov. 4 hearing on whether to allow the U.S. government to bar transactions with TikTok, a move that the Chinese-owned short video-sharing app has warned would effectively ban its use in the United States.
(RTTNews) - Apple Inc. has stopped selling headphones and audio products made by rival companies from its online and physical stores as the tech giant prepares to launch its own audio products, Bloomberg reported.
Apple (NASDAQ: AAPL) is clearing the decks in preparation for the launch of its own audio gear. Bloomberg reported on Monday that the tech giant abruptly removed from its online store the speakers and earphones from rival manufacturers including Bose, Logitech (NASDAQ: LOGI), an
The S&P 500 and the Dow hovered at near three-week highs on Tuesday as investors looked for signs that Washington was close to agreeing on more fiscal stimulus, while a selloff in some of the biggest technology stocks weighed on the Nasdaq.
The COVID-19 pandemic has driven a surge in demand for various forms of home entertainment, including mobile apps and games. Apple's (NASDAQ: AAPL) iOS App Store has long dominated Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google's Android in terms of monetization, even
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".
Futures tracking the S&P 500 and Dow rose on Tuesday after the indexes touched their highest levels in more than two weeks, while investors looked for signs that Washington was close to agreeing on more fiscal stimulus.
The NASDAQ 100 Pre-Market Indicator is down -40.69 to 11,468.37. The total Pre-Market volume is currently 14,825,954 shares traded.The following are the most active stocks for the pre-market session: Social Capital Hedosophia Holdings Corp. III (IPOC) is -0.26 at $12.42, with 4,
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Shares of Penn National Gaming (NASDAQ: PENN) surged 42.7% during September, according to data from S&P Global Market Intelligence. The regional casino operator, which purchased a 36% stake in Barstool Sports in January, rocketed higher on optimism around the m
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