"You can't put all the companies in the same basket," said Volokhine, who said that some valuations such as Tesla's had gotten out of control.
Stocks have also been pressured in recent sessions by a stalemate over another US fiscal package to support the economy and rising trade tensions with China. Those have been countered somewhat by better-than-expected economic data, including Friday's solid US jobs report.
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stocks end sharply lower, Dow down 2.3%, Nasdaq down 4.1%NEW YORK (AFP) - Wall Street stocks finished sharply lower on Tuesday (Sept 8), with large tech shares suffering another drubbing in a broadening sell-off that also hit energy and financial companies.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
US: Stocks end sharply lower, Dow -2.3%, Nasdaq -4.1%[NEW YORK] Wall Street stocks finished sharply lower Tuesday, with large tech shares suffering another drubbing in a broadening sell-off that also hit energy and financial companies. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US stocks end up after three down days, Dow rises 1.6%, Nasdaq up 2.7%NEW YORK (AFP) - Wall Street stocks rebounded on Wednesday (Sept 9) following three losing sessions, with large technology companies back on the upswing after a pullback.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
US: Wall St opens higher after three-day selloff as tech stocks stabilise[NEW YORK] Wall Street's main indexes opened higher on Wednesday, as a rout in technology shares halted and investors shrugged off news that AstraZeneca had paused global trials of its experimental coronavirus vaccine. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tokyo: Stocks open lower following rout in US[TOKYO] Tokyo stocks opened lower on Wednesday following sharp falls in US stocks hit by renewed Brexit tension and a lacklustre economic outlook. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »