U.S. stocks tumbled on Thursday, setting the S&P 500 for its worst first six months since 1970, on concerns that central banks determined to tame inflation will hamper global economic growth.
Barring a miracle today, which looks unlikely given that futures are indicating an opening lower than yesterday’s close, it looks as if the end of June is going to mark the end of the worst first half a year for stocks since 1970.
Social media specialist Meta Platforms (NASDAQ: META) has had a rough 2022: Shares of the company have declined 50% since January, a rare fall for a FAANG stock.
The Nasdaq Composite Index is down 26% year to date as of this writing. Top stocks like Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) have corrected 30% and 20%, respectively, so far in this year. Obviously, investors are concerned about their investments.
Upstart Holdings (NASDAQ: UPST) is a lending platform, powered by artificial intelligence. Its shares are down more than 70% year to date. It's down, but not out.
Technology stocks were declining premarket Thursday. The Technology Select Sector SPDR ETF (XLK) and the Semiconductor Sector Index Fund (SOXX) were down more than 1% recently.
Tech giant Apple (NASDAQ: AAPL) has proven resilient, holding up better than the Nasdaq Composite over the past year. However, even Apple stock has slipped over the past six months, down more than 20% since the beginning of 2022.
Apple Inc wants you to start buying gas directly from your car dashboard as early as this fall, when the newest version of its CarPlay software rolls out, accelerating the company's push to turn your vehicle into a store for goods and services.
U.S. stock index futures slid on Thursday on the last day of a dismal first-half of the year on worries that central banks determined to tame inflation will hamper global economic growth.
China's slowing economy and an inflation-driven drop in consumer spending are expected to drag down global shipments of computers and smartphones this year, according to research firm Gartner.
Netflix stock (NASDAQ:NFLX) has declined by about 68% year-to-date and currently trades at just about $190 per share. There are several factors impacting Netflix. Netflix lost around 200,000 subscribers over Q1, its first net loss of subscribers in about a decade, and projects an
Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it seeks new clients to catch far bigger rival TSMC in contract chip manufacturing.
A Republican member of the Federal Communications Commission has urged the chief executives of Apple Inc and Alphabet Inc's Google to kick Chinese-owned TikTok out of its app stores.
It’s been a battlefield within the market year-to-date. Bears have seemingly pushed forward all year, forcing bulls to retreat. At every corner, they keep up their assault.
(RTTNews) - The U.S. Federal Communications Commission's Brendan Carr said he has asked tech giants Apple and Google to remove TikTok from their app stores due to China-related data security concerns.
The S&P 500 ended a seesaw session slightly down on Wednesday as investors staggered toward the finish line of a downbeat month, a dismal quarter, and the worst first-half for Wall Street's benchmark index since President Richard Nixon's first term.
The S&P 500 ended a seesaw session slightly down on Wednesday as investors limped toward the finish line of a downbeat month, a dismal quarter, and the worst first-half for the S&P 500 since President Richard Nixon's first term.
Wall Street wavered on Wednesday as investors limped toward the finish line of a downbeat month, a dismal quarter, and the worst first-half for the S&P 500 since President Richard Nixon's first term.
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