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Tag: NASDAQ

Nasdaq drops 2% as U.S. markets fall broadly behind tech decline

Nasdaq drops 2% as U.S. markets fall broadly behind tech decline

Business
March 24 (UPI) -- U.S. markets fell broadly on Wednesday amid a widespread sell-off in tech stocks and the second day of testimony from federal economic leaders. The tech-heavy Nasdaq Composite dropped 2.01%, while the S&P 500 fell 0.55% after having risen as much as 0.8% earlier in the day. The Dow Jones Industrial Average ended the day flat, falling 3.09 points. Advertisement Tech stocks helped to lead the decline on Wednesday as Facebook stock fell 2.92%, Netflix dropped 2.67% and Apple slid 2%. GameStop stock plummeted 33.79% after the company ended a post-earnings conference call on Tuesday as it missed fourth quarter earnings estimates. Airline stocks had rebounded earlier in the day after losses on Tuesday, but ultimately fell flat with United dropping 0.97% and American Airli...
Nasdaq rebounds 3.69% as dip in bond yields sparks tech rally

Nasdaq rebounds 3.69% as dip in bond yields sparks tech rally

Business
March 9 (UPI) -- The Nasdaq Composite bounced back from earlier losses on Tuesday as a decline in bond yields led to a surge in tech stocks. The tech-heavy Nasdaq closed the day up 3.69% for its best day since November, while the S&P 500 gained 1.42% after both indexes reported losses to start off the week. The Dow Jones Industrial Average closed the day on session lows, rising 30.30 points or 0.095%, after rising more than 300 points for an intraday record at its high. Advertisement The 10-year Treasury note yield fell about 5 basis points to 1.53% after settling around 1.6% on Monday. Tesla stock led the rise, gaining 19.64%, while Facebook increased 4.09%, Apple climbed 4.06%, Amazon grew 3.76%, Microsoft added 2.81% and Netflix ended the day up 2.66%. "After lagging badly for the...
Markets rebound as Dow gains 116 points, tech stocks propel Nasdaq higher

Markets rebound as Dow gains 116 points, tech stocks propel Nasdaq higher

Business
Jan. 19 (UPI) -- The Dow Jones Industrial Average rose more than 100 points as major indexes rebounded from losses last week. The blue-chip index climbed 116.26 points, or 0.38%, the S&P 500 gained 0.81% and the Nasdaq Composite ended the day up 1.53%. Advertisement Tech stocks helped to propel the Nasdaq higher as Facebook gained 3.87%, Alphabet increased 3.29%, Microsoft rose 1.78%, Apple grew 0.54% and Amazon closed up 0.53%. Markets also responded to comments by Janet Yellen, President-elect Joe Biden's nominee for treasury secretary, during her Senate confirmation hearing. Yellen called for the federal government to take further action to boost the economy hit by the COVID-19 pandemic. "Neither the president-elect, nor I, propose this relief package without an appreciation for th...

Astronauts ring opening bell for Nasdaq from space station

Technology
The astronauts launched into orbit by SpaceX have joined in the ringing of the opening bell for NasdaqBy MARCIA DUNN AP Aerospace WriterJune 2, 2020, 4:32 PM2 min read2 min readCAPE CANAVERAL, Fla. -- The astronauts launched into orbit by SpaceX joined in the ringing of the opening bell for the Nasdaq on Tuesday to mark “a pivotal moment" for the space economy. NASA astronauts Doug Hurley and Bob Behnken took part in the ceremony from the International Space Station, three days after their launch by Elon Musk’s company. SpaceX became the first private company to send astronauts into orbit, with its Falcon 9 rocket and Dragon capsule, and ended a nine-year launch drought for NASA. The two astronauts floated alongside space station commander Chris Cassidy as he rang a ship’s bell to open t...
US stock futures rise slightly after Nasdaq Composite claws back 2020 losses, jobs report ahead

US stock futures rise slightly after Nasdaq Composite claws back 2020 losses, jobs report ahead

Finance
A man wearing a mask walks by the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City.Johannes Eisele | AFP | Getty ImagesU.S. stock futures rose slightly Thursday night after more gains in tech led to the Nasdaq Composite erasing all of its losses for 2020.Dow Jones Industrial Average futures rose just 32 points, or about 0.1%. S&P 500 and Nasdaq 100 futures traded just above the flatline. The tech-heavy Nasdaq rose 1.4% during the cash session, finishing up nearly 0.1% year to date. Gains from Facebook, Amazon Alphabet and Apple helped lift the index back into positive territory for 2020. At one point, the Nasdaq was down more than 25% year to date."It's amazing really given we're still working from home," said JJ Kinahan, chief market strategist at ...