A Stock Market Rotation of Historic Proportions Is Taking Shape
By Karen Langley The stock market has suddenly turned upside down. The market's laggards have sprung to life in recent days, while the seemingly impervious "Magnificent Seven" group of technology
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NASDAQ is experiencing a major correction, where can you hide? The Dow Jones, gold, and US bonds are all falling, but bitcoin remains 'strong'.
Market style has changed due to factors such as improved prospects for Trump's campaign and increased expectations for interest rate cuts.
US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
'Blue Screen of Death' Adds to Tech Pain on Summer Friday | Wall Street Today
U.S. stocks pulled back Friday, as the largest IT crash in history sent tech even lower for there week following a semiconductor sector pullback.
Mega-Cap Technology Stocks Push US Equity Indexes Lower Friday
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This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
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Here's How Much You Would Have Made Owning Qualcomm Stock In The Last 5 Years
Qualcomm (NASDAQ:QCOM) has outperformed the market over the past 5 years by 7.55% on an annualized basis producing an average annual return of 20.48%. Currently, Qualcomm has a market capitalization
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If You Invested $100 In This Stock 15 Years Ago, You Would Have $800 Today
Texas Instruments (NASDAQ:TXN) has outperformed the market over the past 15 years by 3.05% on an annualized basis producing an average annual return of 15.2%. Currently, Texas Instruments has a
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