The stock market had a tough day to end the week, with investors growing increasingly nervous about the rising number of new COVID-19 cases. The Nasdaq Composite (NASDAQINDEX: ^IXIC) has resisted coronavirus-inspired sell-offs before, but it didn't succeed today, losing around 2
Wall Street's major indexes tumbled more than 2% on Friday as several U.S. states imposed business restrictions in response to a surge in coronavirus cases.
Technology stocks managed to resist an even steeper selloff for most industry sectors this afternoon, with the SPDR Technology Select Sector ETF declining 1.8% while the Philadelphia Semiconductor Index also was slipping 1.6%.
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A fast-track visa program that Canada launched in 2017 has attracted a growing number of tech workers, and U.S. President Donald Trump's latest immigration crackdown is set to further boost intake once COVID-19 restrictions ease, lawyers say.
The U.S. Department of Homeland Security sent a letter to chief executives of five large tech companies asking them to ensure social media platforms are not used to incite violence in the wake of nationwide protests following George Floyd's death.
Wall Street's major indexes tumbled on Friday as several U.S. states imposed business restrictions in response to a surge in coronavirus cases and as financial shares tumbled after the Federal Reserve moved to cap bank dividend payments.
What happened
Facebook (NASDAQ: FB) stock took a hit in Friday trading, falling 6.5% through 12:10 p.m. EDT, in the wake of an announcement from Verizon (NYSE: VZ) last night that it is "pausing" purchase of online ads from Facebook and its wholly owned Instagram subsidiary.
Technology stocks were falling in afternoon trading with the SPDR Technology Select Sector ETF declining 1.2% while the Philadelphia Semiconductor Index also was slipping 1.2%.
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".
Wall Street's major indexes tumbled on Friday after a report that the U.S. intervention in Chinese interests could risk Phase 1 trade deal spooked investors already worried about a surge in coronavirus cases.
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".
Wall Street's major indexes dropped on Friday as the United States set a new record for a one-day increase in coronavirus cases and bank stocks tumbled after the Federal Reserve decided to cap shareholder payouts.
In early trading on Friday, shares of NetApp, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.1%. Year to date, NetApp has lost about 30.1% of its value.
Wall Street's major indexes dropped on Friday as the United States set a new record for a one-day increase in coronavirus cases and bank stocks fell following the Federal Reserve's move to cap shareholder payouts.
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".
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