Page 7 - Tech Stocks

Tech stocks lift Wall St even as Covid impact on economy dampens sentiment

The information technology index jumped another 1.2% after outperforming for most of the week as investors ditched value-linked stocks in the face of deteriorating economic data

Global shares struggle to shake off bearish mood as US tech giants fall

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2%, hovering just above a one-month trough touched earlier this week

Asian shares mixed after technology fall leads US stock fall on Wall Street

Asian shares were mixed on Friday following a selloff of technology shares on Wall Street. Big tech stocks might have seemed like safe havens, but they have found themselves at the center of a brutal sell-off, said Stephen Innes, chief global market strategist at AxiCorp. Japan's benchmark Nikkei 225 recouped early losses to rise 0.3% in morning trading at 23,314.98. South Korea's Kospi dropped 0.3% to 2,389.21, while Australia's S&P/ASX 200 lost nearly 0.9% to 5,856.40. Hong Kong's Hang Seng gained 0.3% to 24,377.42, while the Shanghai Composite was little changed at 3,235.07. Concerns about the coronavirus pandemic and the big hope over a vaccine in the works overshadow the global market, analysts say. While Big Tech is benefiting from the shift to online life that the pandemic and ensuing stay-at-home economy has accelerated, critics said their stocks prices shot too high. The catch is that progress in curbing COVID-19 could hurt technology shares, Innes said. But keep your eye

Indians investing in US equities should avoid bubbles, fads: Rob Arnott

"I wish fiscal and monetary "stimulus" weren't called "stimulus". It doesn't stimulate anything; it transfers wealth from future spending to today," says Arnott

Nasdaq rebounds after tech stocks stabilise, Tesla's shares jump 10.92%

Analysts said the Nasdaq's ability to hold its 50-day moving average, a technical support level, was key in reversing the market's direction.

SoftBank sheds $15 billion in market capitalisation on US tech stock rout

TOKYO (Reuters) - SoftBank Group Corp <9984.T> shares were down 5% in afternoon trade on Wednesday, extending this week's slump that has wiped $15 billion from its market capitalisation, as investors worried about the conglomerate's exposure to sliding U.S. tech stocks.

Global Markets: Tech rout roils Asian shares, oil futures extend slump

MSCI's broadest index of Asia-Pacific shares outside Japan slid 1.12%. Australian stocks dropped 2.24%, while shares in China fell 1.16%

Dollar and yen rise as tech stocks selloff sends investors to safety

In early trade the safe-haven Japanese yen rose to a one-week peak of 105.83 per dollar as investors looked to jittery equity markets to set the tone

World Coronavirus Dispatch: Students across globe returning to classrooms

Boris Johnson earmarks £500 mn for mass rapid testing, Sanofi starts trials of vaccine, Steroids could reduce deaths by a third, and other pandemic-related news across the globe

S&P 500, Dow Jones rise after mixed bank earnings; tech-heavy Nasdaq falls

Largest US lender JP Morgan Chase & Co was up 0.2% after it posted a smaller-than-expected 51% drop in second-quarter profit.

Wall Street opens lower on coronavirus crisis, simmering US-China tensions

New coronavirus restrictions in California hit tech stocks for a second straight day.

Tech stocks lift Wall Street as worries over rising coronavirus cases mount

The World Health Organization reported a record rise in global coronavirus cases on Sunday, driving demand for perceived safe-havens, including gold and longer-term US Treasuries.

Sensex drops 740 pts from day's high; auto, tech stocks post strong gains

Markets couldn't hold the strength during the day as selling pressure was witnessed in heavy index

Tech-related firms in focus; PPFAS adds Microsoft to portfolio in April

Microsoft is one of the leaders in the cloud computing segment segment, besides Alphabet (Google) and Amazon, making the stock attractive

Day 1 of China's Nasdaq equivalent: 3 billionaires created on 'Star'

The 25 companies that debuted on the so-called Star market rose an average of 140% in the first trading day

Once market darlings, tech stocks enter 'prove-it-to-me' era

More than a third of tech stocks in S&P 500 have declined in 2018