U.S. equities tumbled on Monday, with the S&P 500 on pace for its fourth straight decline and poised to confirm a bear market, as fears grow that the expected aggressive interest rate hikes by the Federal Reserve would push the economy into a recession.
What happened
Shares of Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Meta Platforms (NASDAQ: META) were all tumbling Monday, and the major stock indices were sliding as well.
San Francisco-based startup Rune Labs on Monday said it received clearance from the U.S. Food and Drug Administration to use the Apple Watch to monitor tremors and other common symptoms in patients with Parkinson’s disease.
Wall Street's main stock indexes fell sharply and the S&P 500 was on track to confirm a bear market on Monday on fears that the Federal Reserve's aggressive interest rate hikes would tip the economy into recession.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Total U.S. Stock Market ETF (Symbol: ITOT) where we have detected an approximate $129.7 million dollar inflow -- that's a 0.3%
Meta Platforms META has recently halted the development of a smartwatch with dual cameras and is instead working on producing other devices to be worn on the wrist.
Wall Street's main stock indexes fell sharply on Monday, with the S&P 500 on track to confirm a bear market on fears that the Federal Reserve's aggressive rate hikes would tip the economy into recession.
Apple (NASDAQ: AAPL) appeared to catch the market by surprise when it recently announced plans to offer a buy now, pay later (BNPL) offering in its wallet app, another step into the financial services space for the consumer tech giant. Many have long feared that tech giants like
Netflix NFLX recently gave a green signal to the next season of its highly acclaimed series — Squid Game.Squid Game is a fictional drama from South Korea in which 456 contestants who are desperately in need of money play deadly children's games to win a cash prize of abou
San Francisco-based startup Rune Labs on Monday said it has received clearance from the U.S. Food and Drug Administration to use the Apple Watch to monitor tremors and other common symptoms in patients with Parkinson’s disease.
Apple Inc's revenue from gaming and music offerings is expected to jump 36% to $8.2 billion by 2025, J.P.Morgan said on Monday, as the iPhone maker taps its huge user base to drive its subscription services.
Dozens of companies and business organizations are sending a letter to U.S. senators on Monday to urge them to support a bill aimed at reining in the biggest tech companies, such as Amazon.com and Alphabet's Google.
Technology stocks were retreating premarket Monday. The Technology Select Sector SPDR ETF (XLK) was down more than 2% and the Semiconductor Sector Index Fund (SOXX) was slipping past 3% recently.
U.S. stock index futures tumbled on Monday as a widely watched part of the Treasury yield curve inverted on fears that big Federal Reserve rate hikes would tip the economy into recession.
It's been a minute since we've seen a stock market dip like this one. For the year so far, the major indexes -- the S&P 500, Dow Jones Industrial Average, and the Nasdaq 100 -- are all down more than 9%.
Chinese search engine behemoth Baidu’s stock (NASDAQ: BIDU) has witnessed a solid rally over the last month, gaining over 40%, compared to the broader S&P 500 which was up about 4% over the same period. However, the stock still remains down by about 18% over the pa
It was another tough time for investors last week, as both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) shed 5%. Most of that decline came following news that inflation was still running near a 40-year high, suggesting further aggressiv
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