Tech Trade Under Pressure
No mentions found
This entity hasn't been tracked yet, or Iris is still building its knowledge base.
Related Articles from SNS
Asia tech stocks drop after Broadcom rattles AI trade and drags Wall Street names lower
Asian tech shares on Friday tracked losses in U.S. chip stocks after a downbeat earnings report from Broadcom sparked a rotation out of artificial intelligence-linked names into more defensive sectors. The weakness was pronounced in South Korea's chip-heavy market. Samsung Electronics fell nearly 7%, while SK Hynix dropped more than 8%.
Slighted market sectors get their time to shine — plus, Costco keeps packing them in
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. It has been a resilient day for the markets . The AI and tech trade was under significant pressure at the open following sharp post-earnings pullbacks in Club stocks Broadcom and CrowdStrike .
Stocks are recovering from a sell-off — but even bullish investors warn of a bumpy ride ahead
Global stock markets edged higher on Tuesday, marking a tentative recovery from a bout of volatility led by an aggressive sell-off in global technology names. Friday saw U.S. equities come under pressure, led by a sharp downward turn in chip stocks. The negative momentum bled into Asian trade, while European tech stocks also took a beating.
Bitcoin caps a dismal week as price wallows 50% below its all-time high
Bitcoin's dire start to June worsened early on Friday, with the cryptocurrency on course to trade more than 15% lower for the week. Prices had fallen to their lowest levels since early April on Tuesday after crypto treasury company Strategy sold a small amount of its bitcoin holding, weighing on sentiment. Meanwhile, tech stocks have been under pressure, bringing an end to an extended rally, after Broadcom's revenue miss on Wednesday sent semiconductor stocks lower.
$1.3 trillion erased from Wall Street: Here's what slowed down AI rally
US tech stocks came under heavy pressure on Friday, with semiconductor giants leading the decline as investors grew cautious about artificial intelligence-fuelled valuations and digested stronger-than-expected US jobs data. The sell-off was most severe in the chip sector, where the PHLX Semiconductor Index plunged 10.3%, marking its steepest single-day fall since March 2020. The decline followed losses a day earlier after Broadcom's quarterly earnings failed to meet the market's elevated...
US stocks today: Wall Street mixed as tech stocks slide, Iran tensions weigh on sentiment
Wall Street's major indexes traded mixed to lower on Wednesday as investors grappled with a continued selloff in technology stocks, rising geopolitical tensions in the Middle East, and expectations that the Federal Reserve could keep interest rates elevated for longer. The S&P 500 was nearly flat after recovering from an early decline, while the Dow Jones Industrial Average fell around 0.5%. The Nasdaq Composite, heavily weighted towards technology stocks, also traded lower.
US tech shares resume sell-off while oil prices retreat
US tech shares resume sell-off while oil prices retreat Global stocks mostly fell Tuesday (Jun 9) as US tech shares faced another round of selling followed recent outsized gains and markets weighed the latest uptick in US-Iran tensions. Oil prices retreated, with Brent crude briefly dipping below US$90 per barrel for the first time since Apr 14, after US President Donald Trump hinted at a deal with Iran in the coming days, despite renewed strikes by Israel on Hezbollah targets in Lebanon....
Autonomous freight trucking company Einride rises sharply in first trade on Nasdaq
Autonomous EV freight trucking company Einride rose sharply in its first day of trading on the Nasdaq. The company went public on Wednesday morning under the ticker symbol "ENRD." Einride shares were higher by as much as 90% during trading on Wednesday morning.
Stock market crash today: Rs 5 lakh crore wealth gone! Top reasons for fall
Stock market crash today: Nifty50 and BSE Sensex crashed in opening trade on Monday, with benchmark indices extending losses as weak global cues, relentless foreign investor selling and rising geopolitical concerns dented market sentiment. The broad sell-off erased more than Rs 5 lakh crore from investor wealth, bringing the combined market capitalisation of BSE-listed companies down to around Rs 456 lakh crore.