Page 3 - Tech Stocks

Google, Microsoft, TI announce disappointing results; tech stocks tumble

Google parent Alphabet Inc. fell as much as 7.4% after third-quarter revenue came in below expectations, while software giant Microsoft Corp. lost 8.1% following a disappointing revenue forecast

Wall Street deep in bear market as S&P 500 hits new two-year low

S&P 500 hits lowest since Nov. 2020; rate-sensitive tech, growth stocks give back gains; energy stocks among rare gainers

Tech, financial stocks drag Wall Street lower as growth concerns mount

Nine of the 11 major S&P sectors declined, led by a drop of 2% in consumer discretionary and 1.5% in financial stocks; Eli Lilly up on FDA approval for cancer drug

IT stocks bleed mirroring Nasdaq plunge; Nifty IT index down 3.4%

However, the latest downgrade by Goldman Sachs has come as a setback for the sector

Further correction in IT stocks not ruled out amid multiple headwinds

The IT industry is seen as a hedge against rupee depreciation

Street signs: Tech stocks buyback, Bengaluru real estate, and more

Experts say valuation comfort and the buzz around large buybacks have jump-started interest in IT stocks

Wall Street struggles for direction on rate hike jitters; Snap jumps

Snap jumps as it restructures ad business, lays off staff; Netflix rises after hiring two Snap Inc executives; Bed Bath & Beyond sinks on corporate overhaul

Tech stocks get hammered in manic Monday sell-off; Nifty IT falls 3.5%

The tech-heavy Nasdaq index is down 22 per cent this year

Nasdaq ticks up on hopes of less aggressive rate hikes after weak PMI data

US composite PMI at lowest since February 2021; Zoom tumbles on weak forecast; Macy's shares rise on earnings beat

TMS Ep233: Akasa Air strategy, Delhi's excise policy, markets, belated ITR

Will Akasa's launch help bring down airfares? What went wrong with Delhi's new excise policy? Is it time to add Paytm, Nykaa, Zomato to your portfolio? What is belated ITR filing? All answers here

Tech industry comfortable with hybrid work model: Nasscom-BCG report

Over 80 percent of the IT companies and GCCs are most likely to adopt a hybrid work model as compared to the rest of the industry segments

Delhivery IPO: It was nerve-wracking, says CEO on taking the company public

Shares are now up 10% from Delhivery's debut, which Sahil Barua, the CEO, thinks signals solid appetite for risk in India's public markets despite a drop in financing from venture capital firms.

IT stocks plummet as Nomura and JP Morgan raise growth concerns

BSE IT index drops 3.2%; Midcaps see deeper cuts

How US tech turmoil has separated established players from younger ones

In this interview with Business Standard’s Sanjay Kumar Singh, Rajeev Thakkar, chief investment officer, PPFAS Mutual Fund explains how the ongoing turmoil in the US tech sector has separated establi

TCS, Wipro, HCL Tech, L&T Tech: JP Morgan downgrades Indian IT sector

The brokerage firm has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over

Saudi Aramco becomes world's most valuable stock as Apple shares drop

Aramco traded near its highest level on record on Wednesday, with a market capitalisation of about $2.43 trillion

Bitcoin falls to lowest in 16 months by $26,970, giving up 2021 gains

The world's largest cryptocurrency dropped as low as $26,970, to stand at its lowest since Dec. 28, 2020. In the last eight sessions, it has lost a third of its value, or $13,000

Tiger Global hit by $17 billion losses in tech stock sell-off: Report

Tiger Global losses marked one of the biggest dollar declines for a hedge fund in history

US stocks are likely to be hit by a wave of redemptions, warns Chris Wood

This process, according to Wood, is already well underway with Netflix now down 69 per cent year-to-date (YTD)

Tech stocks drag Indian shares lower; Infosys hits 8-month low

The NSE Nifty 50 index fell 1.89% to 17,142.50, as of 0445 GMT, while the S&P BSE Sensex slid 2.15% to 57,089.44