was off just about 100 points, sliding under the key 3,300 level. Tech was among the worst hit of the major sectors, down 3.4%. Communications services fell 3.5%. That sector includes Facebook and Alphabet.
"Downside momentum seems to be building here. People just want out," said Chris Rupkey, chief financial economist at MUFG Union Bank. Rupkey points out that the sell-off is happening as Big Tech CEOs like Twitter's Jack Dorsey testify before Congress but traders did not tie the decline in Nasdaq to that hearing.
The 200-day moving average is based on an average of the last 200 closing values, and it is often seen as a sign of support.
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Greenlight's Einhorn says tech stocks in bubble, hit top in SeptemberTechnology stocks, which have surged for months during the pandemic, likely hit their top last month, hedge fund investor David Einhorn wrote on Tuesday, adding that he's prepared for a drop by betting against more names, including second-tier companies and ones that just... I disagree and the current market data doesn't bare this opinion out very well! Then proceeds to buy the dip here comes another hedge fund guy, talking his book to spook the markets cnbc will run this all day every day
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »
Technology stocks lead market lower as tech CEOs grilled by Congress - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. does the GOP really feel they understand technology enough to have this conversation? or are they going to pout until someone says something they want to hear? Disappointing Microsoft outlook? They beat every expectation.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »
Stocks have their worst day in a month as virus cases surgeThe stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight. Meanwhile, realDonaldTrump calls the media “losers” for reporting on Covid related news. VOTE 📈📉📊 Finally, Wall Street is catching up to the pain on the Main Street.
Sumber: ABC - 🏆 471. / 51 Baca lebih lajut »
Stocks end another wobbly day lower as virus cases riseWall Street's losses mounted for the second straight day Tuesday as momentum slows on worries about rising virus counts and Washington's inability to deliver more aid to the economy. Highly recommend following TheNAJournal if you want legit non-partisan journalism. It's due to the stimulus check. And the presidential election. coronavirus cases will “rise” even higher since TuckerCarlson put JoeBiden in the TonyBobulinski frying pan tonight. JoeBiden lied about China and is lying about COVID19.
Sumber: latimes - 🏆 11. / 82 Baca lebih lajut »
Stocks have their worst day in a month as virus cases surgeU.S. stocks fell sharply as coronavirus counts surge and doubts mount about the prospects for more economic stimulus before Election Day. The S&P 500 slid 1.9% and the Dow Jones Industrial Average dropped 650 points. The stock market is fake as long as your average Joe isn't making any money off of it. Who would have thought that not controlling a virus would damage the economy? Hmmm
Sumber: AP - 🏆 728. / 51 Baca lebih lajut »
Stocks have their worst day in a month as virus cases surgeU.S. stocks fell sharply Monday as a troubling increase in coronavirus counts put investors in a selling mood. The best day of my life was when I found Jesus. He drew me to Him and gave me peace in my soul. He has faithfully watched over me as the world has tried to hurt me continually. Grace is an amazing thing.
Sumber: latimes - 🏆 11. / 82 Baca lebih lajut »