Technology stocks took a small breather after Thursday's brutal sell-off, which pushed US stocks to their biggest one-day loss in losses in three months.
The STOXX Europe 600 technology index — which comprises the likes of German software firm SAP, Dutch semi-conductor supplier ASML — and was up 0.2% at 581.23. Neil Wilson, chief market analyst at Markets.com, said:"European equities were dragged lower by the tech-induced sell-off on Wall Street yesterday but recovered in early trade on Friday morning. With sentiment rolling over in the big US names, any rally may prove to be a selling opportunity."
He added:"We'd been worried by spiking VIX futures whilst the market was making all-time highs and so it proved to be a red flag. The question longer term for this market is whether we should be confident earnings will recover."
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks follow Wall Street lower, nervous wait for U.S. jobs dataAsia's stock markets had their worst session in two weeks on Friday following a tech-led plunge on Wall Street, though gains in safer assets like bonds and dollars were muted as investors awaited U.S. job data to see if it triggers a bigger selloff. Where is the President for this great news I know it's form, but its so annoying that 'up' is close to close, not open to close. Nikkei actually shot up (from its gap down) at the open.
Source: Reuters - 🏆 2. / 97 Read more »
European markets seen slightly lower as Wall Street tumble roils global stocksEuropean stocks are set to open slightly lower Friday after a sudden retreat at the end of Thursday's session, as a sharp decline in Wall Street tech stocks spooks global markets. Cancel trumps free presidency. It’s a golf tour gone awry kuku27 Wall Street walls are now having trouble w/ weakening of foundations. it was long overdue. There could be bubble burst too
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street plunges as economic data indicates slowing economic recovery, tech stocks falterHeavyweights such as Apple, Amazon, Facebook, and Microsoft all saw steep losses after high-flying stock valuations lost momentum. Make it go up smh so much for the bounced back economy lie......
Source: NBCNews - 🏆 10. / 86 Read more »
Wall Street plunges as economic data indicate slowing recovery; tech stocks falterHeavyweights such as Apple, Amazon, Facebook and Microsoft all suffered steep losses after high-flying stock valuations lost momentum. And so it begins... ETTD And you listened to Orangeman’s bulls..t about a V shaped recovery. Hahahahaha. Not going to happen until Biden gets elected and leads us out of this pandemic. Hey Kushyass, we’re still waiting for that miracle July recovery. Uh, it’s SEPTEMBER Kushyass. The Markets go up The Markets go down You do know that, right? It will not effect realDonaldTrump 2nd Term. Guarantee it.
Source: MSNBC - 🏆 469. / 51 Read more »
What to watch today: Stocks slightly lower after Wall Street's strong start to SeptemberU.S. stock futures were marginally lower as investors await key jobless data. PLAIN & SIMPLE, WALL STREET HAS BEEN HELPED, MAIN STREET NEEDS HELP: A STRONG HEATHY STIMULUS PACKAGE WITH RESTORED AND RETROSPECTIVE ASSISTANCE & STATE ASSISTANCE! OTHERWISE ECONOMY WILL DESTROY IT ALL!
Source: CNBC - 🏆 12. / 72 Read more »
Big Tech Pullback, Stocks Slump & Jobless Claims by Squawk on the StreetSquawkStreet carlquintanilla jimcramer davidfaber SquawkStreet carlquintanilla jimcramer davidfaber SquawkStreet carlquintanilla jimcramer davidfaber Thanks for the jimcramer fake out.
Source: CNBC - 🏆 12. / 72 Read more »