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Tech megacaps lose $1.8 trillion in 2 days as Trump tariffs lead Nasdaq to worst weekly drop in 5 years
SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025. Win McNamee | Getty Images No one is getting hit harder than technology megacaps as markets hit selloff mode. Once powering the market to new highs, the group known as the Magnificent Seven […]
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Tech stocks sink after Trump tariff rollout — Apple heads for worst drop in 5 years
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in Washington, Jan. 20, 2025. Saul Loeb | Via Reuters Technology […]
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Stocks making the biggest moves after hours: Meta Platforms, Microsoft, Tesla and more
Check out the companies making headlines in after-hours trading: International Business Machines — The tech company’s shares surged 9%, driven by strong fourth-quarter results. IBM reported adjusted earnings of $3.92 per share on revenue of $17.55 billion. Analysts polled by LSEG sought earnings of $3.75 per share and $17.54 billion in revenue. CEO Arvind Krishna […]
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Stocks making the biggest moves premarket: ASML, Alibaba, Nvidia, T-Mobile, Qorvo and more
Check out the companies making headlines before the bell. F5 – Shares soared nearly 14% on the heels of the application security company’s fiscal second-quarter outlook beating Wall Street’s expectations. F5 expects revenue to come in between $705 million and $725 million, while analysts polled by FactSet had penciled in $702.7 million. Nextracker – The […]
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Megacaps lead a major week of earnings as traders seek clarity on the state of the bull market
The Magnificent Seven companies reporting in the week ahead could unlock the next leg of the rally, as investors bet that earnings growth fueled by artificial intelligence could power a market some worry has gone to excess. The Federal Reserve will also hold its January meeting, with key inflation data coming Friday. Four out of […]
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Stocks making the biggest moves premarket: J.B. Hunt, Qorvo, Fastenal and more
Check out the companies making headlines before the bell: J.B. Hunt Transport Services — Shares fell more than 7% after the company’s fourth-quarter earnings came in weaker than expected. J.B. Hunt earned $1.53 per share, below the LSEG consensus estimate of $1.61 per share. Meanwhile, revenue for the period came in line with expectations at […]
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Nvidia falls into correction territory, down more than 10% from its record close
Jaque Silva | Nurphoto | Getty Images Nvidia shares slumped on Monday, putting the AI chip darling officially in correction territory even as the rest of the Nasdaq Composite rose to a record. The chipmaker and de facto artificial intelligence trade has rallied 165% this year amid ongoing excitement for the buzzy technology trend. However, […]
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Latest US strike on China’s chips hits semiconductor toolmakers
A Chinese flag is displayed next to a “Made in China” sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Florence Lo | Reuters The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, including […]
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Stocks making the biggest moves midday: Advance Auto Parts, Robinhood, chip equipment makers and more
Check out the companies making headlines in midday trading: Chip equipment stocks — Global chip equipment stocks rose on news that the Biden administration is considering further sanctions on sales of semiconductor equipment and artificial intelligence memory chips to China that could be less strict than earlier proposals. Shares of U.S.-based companies Applied Materials and […]
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Stocks open higher in Friday’s shortened session, Dow heads for best month of 2024: Live updates
A specialist trader works at his post on the floor at the New York Stock Exchange (NYSE) in New York City. Brendan McDermid | Reuters Stocks ticked higher on Friday at the start of a shortened trading day that will cap a strong month for equities. The Dow Jones Industrial Average climbed 155 points, or […]
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