In this episode of Motley Fool Money, Chris Hill chats with Motley Fool analysts Jason Moser and Andy Cross about the latest headlines and quarterly reports. They have news on a surprising potential acquisition, impressive results in the CRM and SaaS space, some stocks hitting a
What happened
Technology stocks' September swoon continued on Friday. By the close of trading, shares of Amazon (NASDAQ: AMZN), Facebook (NASDAQ: FB), and Salesforce.com (NYSE: CRM) were down 2.2%, 2.9%, and 3.9%, respectively, after falling as much as 8% earlier in the day.
The Nasdaq closed lower on Friday though well above its session low as selling eased late in the day after investors dumped heavyweight technology stocks due to concerns about high valuations and a patchy economic recovery.
The so-called FAANG stocks had a rough week at the start of September 2020. A broad market rout drove their share prices sharply lower on Thursday and Friday at an average drop of 7.1% for the group of five leading technology companies. The S&P 500 market index only fell 4%
The Nasdaq closed lower on Friday though well above its session low as selling eased late in the day after investors dumped heavyweight technology stocks due to concerns about high valuations and a patchy economic recovery.
The Nasdaq was on track for its worst two-day fall since mid-March on Friday as investors dumped heavyweight technology stocks, while concerns around a patchy economic recovery also hit the S&P 500 and the blue-chip Dow.
The Nasdaq was on track for its worst two-day fall since March on Friday as investors dumped heavyweight technology stocks, while concerns around a patchy economic recovery also hit the S&P 500 and the blue-chip Dow.
Wall Street's main indexes extended declines on Friday, with the Nasdaq on track for its worst two-day fall since March as technology stocks sold off again, overshadowing data showing a steeper-than-expected drop in the August unemployment rate.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $77.0 million dollar outflow -- that's a 0.3% decrease week over week
Shares of Zoom Video Communications (NASDAQ: ZM) recently surged to an all-time high after the video conferencing company's second-quarter earnings crushed Wall Street's estimates.
It's been an odd year in the markets. What looked like it would be a difficult 2020 due to COVID-19 has turned into eight months in which the S&P 500 has climbed by a very respectable 10%. There's a real disconnect between Wall Street and what's happening in the economy, whe
Facebook Inc's final policy changes in the lead-up to U.S. elections in November are unlikely to stem a flood of disinformation around the vote, which could suppress turnout and sow confusion about results, election experts said on Friday.
The Justice Department, which has been conducting an antitrust investigation of Alphabet Inc's Google, plans to bring a lawsuit against Google as soon as this month, according to two sources familiar with the probe, who said the focus remains on search and advertising.
Bolivia's interim presidency said on Thursday it had hired a Washington-based lobbying firm that Facebook Inc accuses of launching fake news campaigns to skew democratic debate.
Wall Street's main indexes closed sharply lower on Thursday, marking their deepest one-day dives in months as investors dumped the high-flying technology sector, while economic data highlighted concerns about a long and difficult recovery.
Reuters
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