stock photo chart

Tech stocks have their best 6-day stretch since 2012

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 […]

Technology Sector

Regulation fears cause Nasdaq to sell-off

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.

plunge

The semiconductor sector plummets on news of government restrictions concerning Huawei

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 […]