[ad_1] © Reuters By Yasin Ebrahim Investing.com –The S&P 500 jumped in wild trading after Federal Reserve chairman Jerome Powell offered little new clues on policy in a speech Tuesday, reiterating the need for more rate hikes in what will likely be a long-drawn-out battle against inflation. The rose 0.9%. the gained 0.44% or 149 … Read more
[ad_1] Chinese tech stocks crashed today amid the escalations in US-China tensions following the shooting down of suspected Chinese spy balloon by the US. After the balloon incident, Secretary of State Antony Blinken also canceled his Beijing visit. US-China tensions have not come down in Biden’s tenure and if anything, they might have only increased. … Read more
[ad_1] 400tmax U.S. stocks edged lower on Thursday, weighed by big technology stocks and a surprisingly strong jobs report that fanned fears that the Federal Reserve could stick to keeping rates elevated. Amazon (AMZN) and Alphabet (GOOG) (GOOGL) dragged the tech-heavy Nasdaq Composite (COMP.IND) after disappointing earnings, with the index dropping 1.5%. The S&P 500 … Read more
[ad_1] Michael M. Santiago/Getty Images News Major market averages opened to the downside after triple-A megacap buzzkills stopped the Big Tech party. Furthering the fuel was the pop in nonfarm payrolls data. Early on and the Nasdaq Composite (COMP.IND) lost 1.1% as it gave back some of the previous session’s big gains after Apple (AAPL), … Read more
[ad_1] © Reuters. FILE PHOTO: 3D printed clouds and figurines are seen in front of the AWS (Amazon Web Service) cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Aditya Soni and Yuvraj Malik (Reuters) – Big Tech results reinforced concerns a boom in cloud services is easing, limiting a … Read more
[ad_1] 2/2 © Reuters. A 3D printed Facebook’s new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration/Files 2/2 By Sheila Dang (Reuters) – After a challenging 2022 in which advertising-dependent companies faced shrinking budgets and cratering stock prices, fourth-quarter results this week … Read more
