A selloff in Facebook stock and other big technology companies rippled through the market, pushing major U.S. indexes toward steep declines to start the week.
Stocks opened with mild declines before losses quickly accelerated. The S&P 500 dropped 1.5%. The broad index closed last week down 2.2%. The tech-heavy Nasdaq Composite Index declined around 2.4%. The Dow Jones Industrial Average lost around 380 points, or 1.1%.
Is that why Facebook, WhatsApp and Instagram are down?
World better off without Facebook.
One of the best things I love about trading with markdonaldlisaT is that you only see positive results and see good winnings at all times from the team. Just hard work, passion and revolutionizing the market as we know it.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman picks China chip stocks to buy as tech rivalry with the U.S. growsGoldman Sachs analysts picked some Chinese semiconductor stocks set to benefit as companies look to localize their supply chains. Pro WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders! Pro Evegrande is just one card in a collapsing house of cards! Pro Michael Burry Warns Retail Traders About the 'Mother of All Crashes'
Source: CNBC - 🏆 12. / 72 Read more »
Japan stocks set to rise after Merck announces new Covid treatment; China markets closedMerck and Ridgeback Biotherapeutics announced Friday they’ve developed a drug which reduces the risk of hospitalization or death by around 50% in Covid patients. Michael Burry Warns Retail Traders About the 'Mother of All Crashes' Evegrande is just one card in a collapsing house of cards!
Source: CNBC - 🏆 12. / 72 Read more »
These Stocks Raised Their Dividends Last WeekHoneywell, Starbucks, and CenterPoint Energy all raised dividends last week in a light stretch for such actions. this is terrible news One of the best things I love about trading with markdonaldlisaT is that you only see positive results and see good winnings at all times from the team. Just hard work, passion and revolutionizing the market as we know it. Those will go down harder
Source: MarketWatch - 🏆 3. / 97 Read more »
These stocks have major momentum as third-quarter earnings roll out, says Wolfe ResearchNew for subscribers: These stocks have major momentum as third-quarter earnings roll out, says Wolfe Research. Check out CNBCPro today.
Source: CNBC - 🏆 12. / 72 Read more »
Dow sheds 400 points as investors ditch technology stocks, Nasdaq drops 2.5%Tesla bucked the trend after the company said this weekend that it delivered 241,300 electric vehicles during the third quarter, well above analysts estimates. AMC CitadelScandal KenGriffinToJail VladTenevLied VladTenevToJail HoldTheMarketAccountable KenGriffinLied BanPFOF GaryGenslerWhatchaGonnaDo ChokeOnThat Joe now owns what happens to the stock market. 10/1 Facebook not that big of a deal
Source: CNBC - 🏆 12. / 72 Read more »
Missed out on Tesla? Wall Street analysts name their top EV stocks for this quarterThere are plenty of other electric vehicle stocks. Here, analysts from JPMorgan, Morgan Stanley and Bank of America name their favorites.
Source: CNBC - 🏆 12. / 72 Read more »