From Andrea Kramer: The U.S. stock market is set to wrap up a banner June, with the S&P 500 Index (SPX) fresh off all-time highs. What’s more, several sectors could continue to shine in July, if recent history is any guide. In fact, the Technology Select Sector SPDR Fund (XLK) emerged as one of the best […]
From Puja Tayal: Semi stocks hit the bottom in December 2018
From Yun Li: KEY POINTS
From Fred Imbert: Stocks fell on Friday after a sharp decline in Broadcom shares put other chipmakers and the broader tech sector under pressure.
From Lizzy Gurdus: This semi slump will be short-lived, according to one market watcher.
From Sanghamitra Saha: Technology stocks are on fire, having logged their best six-day stretch in seven and a half years, per Dow Jones Market Data, as quoted on The Wall Street Journal. Microsoft Corp. MSFT, Apple Inc. AAPL, Amazon.com Inc. AMZN, Facebook Inc. FB and Alphabet Inc. GOOGL injected about $330 billion in market value […]
From Patti Domm: KEY POINTS
From J.R. Reed:
From Jeff Cox: Federal Reserve Chairman Jerome Powell said the central bank is watching current economic developments and will do what it must to keep the near-record expansion going. Financial markets have been nervous lately over an escalating trade war that has spread from China and now could include Mexico. At the same, government bond yields […]
From Fred Imbert: Stocks fell on Monday, June’s first day of trading, amid reports that the U.S. government is planning to target a host of big tech companies with antitrust and business practice probes. Shares of Alphabet, Amazon, Facebook and Apple all weighed on the market during Monday’s session.
From Timothy Smith:
From Lizzy Gurdus: The chip carnage on Wall Street isn’t stopping one trader.
From Yun Li: KEY POINTS Shares of chip suppliers are under pressure following the Trump administration’s restrictions on doing business with Huawei. Google has suspended business activity with the Chinese giant. Other Huawei suppliers, including Qualcomm, Broadcomm and Intel, reportedly told employees they will not sell to the Chinese firm until further notice. U.S. chip […]
From Fred Imbert: Stocks fell on Monday as the intensifying fallout from a U.S. crackdown on Huawei pressured the technology sector.
From Ryan Vlastelica: Semiconductor stocks are on track for their biggest weekly percentage loss in more than three years as a weak growth outlook from Intel Corp. further pressured a sector already rattled by a resurgence of trade uncertainty.