The earnings calendar giveth, and it also taketh away – which explained the divergent paths of the Dow Jones Industrial Average and Nasdaq Composite as the week came to a close.
The S&P 500 and Nasdaq closed lower on Friday as disappointing quarterly reports from Snap Inc and Intel Corp dragged down the communications and technology sectors and investors turned skittish as Federal Reserve Chair Jerome Powell discussed stimulus tapering.
The worst performing sector as of midday Friday is the Services sector, showing a 0.4% loss. Within that group, Facebook Inc (Symbol: FB) and Match Group Inc (Symbol: MTCH) are two of the day's laggards, showing a loss of 5.9% and 3.4%, respectively. Among the largest ETFs, o
The S&P 500 and Nasdaq were in the red on Friday after Federal Reserve Chair Jerome Powell discussed stimulus tapering while disappointing quarterly reports from Snap Inc and Intel Corp pushed the communications and technology sectors lower.
NEW YORK (Reuters Breakingviews) - Snap may have scared some sense into its investors. The disappearing-message app, represented by a cartoon ghost, lost $25 billion of market value on Friday morning, the day after it said changes to Apple&rsquo
The Dow and S&P 500 reversed course to trade lower on Friday, while the Nasdaq fell more than 1% after comments on stimulus tapering from Federal Reserve Chair Jerome Powell spooked markets trading at record levels.
Do You Have These Social Media Stocks On Your Watchlist Right Now?Social media stocks are among the most relatable stocks to invest in the stock market today. Most of these companies provide services that people use on a daily basis. Because of this, the social media stock trade
What happened
Chaos struck the social-media sector Friday morning, with shares of Pinterest (NYSE: PINS) stock sliding 3.4%, Facebook (NASDAQ: FB) falling 5.5%, and Snap (NYSE: SNAP) collapsing 23% through 10:15 a.m. EDT. You won't be surprised to learn that it's the hardest hit
4 Trending Communication Stocks To Consider Buying [Or Selling] In the Stock Market TodayCommunication stocks are among the most discussed names in the stock market now. They range from companies that sell internet services to social media and news outlets. In fact, most of the t
The Dow and the S&P 500 hit record highs on Friday following positive earnings from American Express, while the Nasdaq was pressured after social media giants including Facebook tumbled on Apple privacy tweak worries.
In early trading on Friday, shares of Pinduoduo topped the list of the day's best performing components of the Nasdaq 100 index, trading up 6.1%. Year to date, Pinduoduo Inc has lost about 42.0% of its value.
Over the last few years, social media companies have become used to overcoming challenges. They have been attacked by both sides of the political spectrum.
Technology stocks were mixed in premarket activity Friday. The Technology Select Sector SPDR ETF (XLK) was up 0.1% and the Semiconductor Sector Index Fund (SOXX) dipped 0.3%.
The Nasdaq was set for a lower open on Friday after chipmaker Intel warned of lower profit margins, while Snap Inc led declines among social media firms after flagging a hit to digital advertising from privacy changes by Apple.
Shares of Snap Inc plunged on Friday, dragging down other ad-dependent tech firms, after the photo messaging app owner warned of a prolonged hit from Apple Inc's privacy changes on iOS devices.
Nasdaq futures edged lower on Friday after chipmaker Intel warned of lower profit margins, while Snap Inc led declines among social media firms after flagging a hit to digital advertising from privacy changes by Apple.
In this video, I'll discuss the three stocks I'll be watching ahead of next week's earnings: Facebook (NASDAQ: FB), Twitter (NYSE: TWTR), and Teladoc (NYSE: TDOC). You can find the video below.
What happened
The world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), got a lot bigger this week, and that was good for the entire cryptocurrency space. That includes companies that mine tokens such as HIVE Blockchain Technologies (NASDAQ: HIVE), companies that aspire to mine
What happened
Shares of Digital World Acquisition (NASDAQ:DWAC) soared 357% on Thursday after the special purpose acquisition company (SPAC) announced a deal to merge with Trump Media & Technology Group.
Snap Inc on Thursday fell short of Wall Street estimates for quarterly revenue as the company said privacy changes implemented by Apple Inc on iOS devices hurt the company's ability to target and measure its digital advertising, sending its shares down 25%.