Most growth stocks

Representative Image (Reuters) Growth stocks led a rebound in Wall Street's main indexes on Friday at the end of a week marred by worries about the worsening outlook for economic growth, while Twitter sank after Elon Musk put his deal for the social media company on hold . All the 11 major S&P sectors advanced in early trading, with technology stocks rising 2.7% and 3.3%, respectively. Growth stocks such as Apple Inc, Google-owner Alphabet Inc, Amazon.com and Nvidia Corp gained between 2.2% and 6.5% after falling for most of the week. Wall Street has gyrated wildly this week on fears that the Ukraine war, surging inflation, COVID-19 lockdowns in China and hawkish Federal Reserve policy moves could spark a global economic slowdown. Fed Chair Jerome Powell repeated on Thursday his expectation that the central bank will raise interest rates by half a percentage point at each of its next two policy meetings while pledging "we're prepared to do more" if data turns … [Read more...] about Wall Street rallies as growth stocks rebound, Twitter slides

- A + A NEW YORK/BENGALURU (May 16): Wall Street's main indexes fell on Monday, as downbeat data out of China added to worries about a global economic slowdown against the backdrop of aggressive policy tightening by the US Federal Reserve. Chinese and European stock markets fell, while oil slid as data showed China's economic activity cooled sharply in April as Covid-19 lockdowns took a heavy toll on consumption, industrial production and employment. Nine of the 11 major S&P sectors declined in morning trade. Technology and consumer discretionary stocks fell 1.6% and 1.8% respectively. Big growth companies such as Amazon.com, Alphabet Inc, Microsoft Corp, Apple Inc, Tesla Inc and Nvidia Corp slipped between 1.1% and 2.6%. Energy shares outperformed and were up 1.5%. Wall Street closed sharply higher on Friday, but still the S&P 500 and the Nasdaq indexes posted their longest weekly losing streaks in over a decade. "Investors are just a little bit … [Read more...] about Wall Street falls as growth stocks, glum China data weigh

- A + A NEW YORK (May 18): The Nasdaq and the S&P 500 dropped 3% on Wednesday as a rally in growth shares faded amid economic growth concerns, while Target plunged to the bottom of the S&P 500 after the retailer became the latest victim of surging prices. Target Corp's first-quarter profit halved and the company warned of a bigger margin hit on rising fuel and freight costs. Its shares fell 25.2% and were tracking their worst day since the Black Monday crash on Oct 19, 1987. The retailer's results come a day after rival Walmart Inc trimmed its profit forecast. The SPDR S&P Retail ETF declined 8.2%. All of the 11 major S&P sectors declined, with consumer discretionary and technology stocks down 5.7% and 3.5% respectively. Rising inflation, the conflict in Ukraine, prolonged supply chain snarls, pandemic-related lockdowns in China and prospects of aggressive policy tightening by central banks have weighed on the markets recently, stoking concerns … [Read more...] about Nasdaq, S&P 500 drop 3% as growth stocks rally wanes

Share to Twitter Share to Linkedin With the market for technology stocks having just undergone one of its most rapid corrections in history – with the tech-dominant Nasdaq 100 Index falling almost 30% in just a few months – it’s time to take a close look at the valuations of companies producing leading cloud technology. Cloud technology stocks have been the epicenter of a ten-year bull market backed by massive amounts of money, as the entire global technology infrastructure has shifted to the cloud model for delivering information technology (IT) services. This is not a subtle move — it’s the biggest technology transformation in history. The gains and stock action have been uneven. Large blue-chip technology companies like Amazon, Microsoft, and Google have led the market with surging profits, rapid growth, and understandable valuations. They have gigantic amounts of cash on their balance sheets. Some traditional technology conglomerates, like HPE and IBM, … [Read more...] about Opportunity Knocks: Deep Dive On Cloud Stock Valuations (Part 1)

U.S. stocks again started the day mixed after a report said that U.S. retail and food services fell more than expected last month. Investors are also digesting a slew of quarterly earnings reports from banks, as JPMorgan Chase & Co. ( JPM ) and Citigroup Inc. ( C ) recorded income declines, while Wells Fargo & Company ( WFC ) said that profit jumped. The Dow Jones Industrial Average (DJIA) and the S&P 500 are poised to finish the week lower, while the Nasdaq may end up higher for the week. All three major indexes finished lower yesterday. Key Takeaways Stocks are mixed again this morning, with the Nasdaq gaining and the Dow and S&P 500 falling. Retail and food sales sank 1.9% in December, marking the biggest drop in 10 months. JPMorgan and Citigroup reported falling quarterly profit, while Wells Fargo reported fourth quarter profit that beat analysts' forecasts. The University of Michigan will release its Consumer Sentiment Index for … [Read more...] about Stocks Mixed as Retail Sales Drop Most in 10 Months

Game stocks are nosediving this year after a gravity-defying 2021 thanks to their connections with the metaverse and non-fungible tokens (NFT), two fads that thrilled punters last year. Investors are generally jittery about potential interest rate hikes and specifically nervous about the weakness of the cryptocurrency market, which both the metaverse and NFT rely on. Metaverse games have their own crypto tokens that players can buy and use online. NFTs are often traded using cryptocurrencies. Shares of Krafton, the developer of Battlegrounds, tumbled more than 20 percent this month while NCSoft has slid more than 10 percent. They are the two biggest game developers in Korea by market cap. The impact on smaller developers has been even stronger. Shares of Wemade are down more than 20 percent this year, while its subsidiary Wemade Max, a blockchain-based game developer, are down almost 20 percent. Devsisters, known for its Cookie Run game, tumbled 17 percent and Com2uS Holdings … [Read more...] about Game stocks discover gravity in 2022

(Representative image: Reuters) The Nasdaq and the S&P 500 tumbled up to 4% on May 18 in the intra-day trade as a rally in growth shares faded amid economic growth concerns, while Target plunged to the bottom of the S&P 500 after the retailer became the latest victim of surging prices. Target Corp's (TGT.N) first-quarter profit halved and the company warned of a bigger margin hit on rising fuel and freight costs. Its shares fell 25.2% and were tracking their worst day since the Black Monday crash on Oct. 19, 1987. The retailer's results come a day after rival Walmart Inc trimmed its profit forecast. The SPDR S&P Retail ETF declined 8.2%. All of the 11 major S&P sectors declined, with consumer discretionary and technology stocks down 5.7% and 3.5%, respectively till the last update. Rising inflation, the conflict in Ukraine, prolonged supply chain snarls, pandemic-related lockdowns in China and prospects of aggressive policy tightening by central banks … [Read more...] about US stocks roiled; Dow tanks over 1,000 pts, Nasdaq & S&P sink up to 4%

This is an updated version of a story that previously ran on April 28th. When it comes to fraying nerves, this spring is really outperforming. Stocks are now in bear market territory. Interest rates -- and Covid cases -- are climbing. Inflation remains high. Geopolitical unrest continues. And all of it combined is sparking recession fears . No one's finances are immune. But there are ways to guard against losses and make the most of what you have. Lock in a new job now With ultra-low unemployment and plenty of openings , it's a job seeker's market right now. But if there's a recession, that could change quickly. So make hay while you can. Read More "If you are not working, or are looking for a better position, now would be a good time to take advantage of the very strong job market and lock in a position," said Florida-based certified financial planner Mari Adam. To help in your search, here are some resume dos and … [Read more...] about Plunging stocks, recession fears. Here’s how to protect your money

- A + A NEW YORK/BENGALURU (May 20): US stock indexes rose on Friday led by megacap growth and healthcare shares at the end of a volatile week, roiled by concerns over the impact of rising inflation on earnings and the fallout of rate hikes on economic growth. Nine of the 11 major S&P sectors advanced in morning trade. Energy was the top performer, up 2.2%, followed by healthcare and technology sectors. Microsoft Corp, Amazon.com and Apple Inc rose between 1.5% and 1.8%, providing the biggest boost to the S&P 500 and the Nasdaq. "Some traders are taking advantage of the price weakness, at least in the short term, to make some money. The real question is whether this will last by the end of the day," Sam Stovall, chief investment strategist at CFRA Research, said. "It is definitely going to be a traders' battle today. The market is trying to orchestrate at least a near-term relief rally, which is normal within bear market trends." Disappointing forecasts … [Read more...] about Wall St rises as growth stocks gain after two days of selloff

Share to Twitter Share to Linkedin Topline Markets surged Friday, paring back some of the heavy losses in recent days as investors helped the benchmark S&P 500 stay clear of bear market territory, though stocks are still on track for their sixth consecutive week of losses amid the brutal selloff this year. Key Facts Stocks widely rebounded, paring back some of the heavy losses from earlier in the week: The Dow Jones Industrial Average rose 1.5%, nearly 500 points, while the S&P 500 jumped 2.4% and the tech-heavy Nasdaq Composite 3.8%. Consumer, technology and energy stocks led the broad market rally on Friday, with all 11 sectors in the S&P 500 moving higher despite the index hitting a new low point for 2022 a day earlier. Barring the “epic rally on the final trading day of the week, both the S&P 500 and Nasdaq will put in their sixth straight week of losses today,” one of the longest weekly losing streaks since at least … [Read more...] about Stocks Rebound, Taking A Breather From Selloff—But Markets Are Down For The Sixth Week In A Row