News Formal

Stocks stumble as techs lose momentum

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 20 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 46%
  • Publisher: 63%

Finance Nachrichten

Stocks,Tech,Bank Results

Stocks fell on Friday as tech stocks lost their winning streak, with investors looking to big bank results for inspiration. The tech-heavy Nasdaq Composite slid 0.9%, while the S&P 500 shed 0.7%. The Dow Jones Industrial Average fell 0.6%. Investors are hoping that corporate updates from BlackRock and other giant banks can revive the early-year rally in stocks.

Stocks stumbled on Friday as techs lost their winning ways, with investors looking for inspiration in the big bank results rolling in to kick off earnings season. The tech-heavy Nasdaq Composite slid 0.9%, while the S&P 500 shed 0.7%. The Dow Jones Industrial Average fell 0.6%, or more than 200 points. Stocks are falling after "Magnificent 7" tech names led a run higher on Thursday, propelled again by AI tailwinds.

BlackRock results got earnings season underway early Friday amid hopes that corporate updates can revive the early-year rally in stocks. Shares of the world's biggest asset manager popped in morning trading after the company posted a 36% jump in profit. Investors are watching for the giant banks to demonstrate how they benefit if interest rates remain higher than expected this year.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 47. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today: US stocks mixed as Nasdaq flips into positive territoryThe prospect of a reversal from interest-rate hikes continues to buoy investors' spirits.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Nasdaq soars to lead stocks higher as AI hopes run highInvestors are starting the week in an upbeat mood as techs shine ahead of a pivotal Fed policy call.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Nasdaq soars to lead stocks higher, Nvidia spurs AI hopesInvestors are starting the week in an upbeat mood as techs shine ahead of a pivotal Fed policy call.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stocks' weekly averages in the green, Nasdaq's new record highStock market indices (^DJI, ^IXIC, ^GSPC) close Friday out mixed, ultimately ending the trading week in the green though. The Nasdaq Composite (^IXIC) closed...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Dow slides, Nasdaq closes at record to cap winning weekThe prospect of a reversal from interest-rate hikes continues to buoy investors' spirits.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »