Markets

Apple sheds 8% in worst day of trading since late March

Summary List Placement Apple shed as much as 8% on Thursday in its worst day of trading since late March. The technology company has shed nearly 9% since Tuesday. On Monday, Apple’s 4-for-1 stock split went into effect. Watch Apple trade live on Markets Insider. Read more on Business Insider. […]
Apple sheds 8% in worst day of trading since late March
Markets

US stocks climb as tech rally offsets dismal jobless-claims data

US stocks rose on Thursday as a tech rally offset a surprise jump in weekly jobless claims. New unemployment filings climbed back above 1 million after two straight periods of decline. Investors also weighed the stalled talks between Democrats and Republicans on the next coronavirus stimulus package. Shares of mega-cap […]
US stocks climb as tech rally offsets dismal jobless-claims data
Markets

Billionaire investor Stanley Druckenmiller slashed FANG stocks and loaded up on companies hit by the pandemic last quarter — here are his top 10 holdings

Stanley Druckenmilller, the billionaire investor and head of Duquesne Family Office, boosted the size of his portfolio by more than 30% in the second quarter. Druckenmiller slashed holdings of big technology stocks such as Facebook,Amazon,Netflix, and Google parent Alphabet (FANG) in the second quarter, SEC filings show. Here are Druckenmiller’s […]
Billionaire investor Stanley Druckenmiller slashed FANG stocks and loaded up on companies hit by the pandemic last quarter — here are his top 10 holdings
Markets

S&P 500 hits highest level since February as tech stocks spike

US stocks erased early losses and climbed on Monday as tech giants soared and investors cheered positive COVID-19 drug trial results. Tech mega-caps including Apple,Microsoft,Netflix, and Facebook all soared as investors continued crowding in popular stay-at-home trades. AstraZeneca and Synairgen both revealed optimistic trial data for their experimental coronavirus vaccines, […]
S&P 500 hits highest level since February as tech stocks spike
Markets

Here’s why one expert says scorching-hot tech stocks are far less vulnerable than they were during the dot-com bubble — and why they can keep climbing

Tech stocks’ rally from mid-March lows is fuelling concerns of another market bubble, but history shows the shares are fairly valued, James Paulsen, chief investment strategist at The Leuthold Group, said. Though tech companies now comprise roughly 27% of the S&P 500’s market cap, their sales contribute to a greater […]
Here’s why one expert says scorching-hot tech stocks are far less vulnerable than they were during the dot-com bubble — and why they can keep climbing
Markets

FANG stocks shed $177 billion in just two days as coronavirus fears roil markets

Popular technology stocks have not been immune to market panic around a potential coronavirus pandemic. FANG stocks, including Facebook, Amazon,Netflix, and Google parent company Alphabet, shed a combined $US177 billion in market capitalisation in just two days as coronavirus fears slammed global markets. Each of the tech giants fell for […]
FANG stocks shed $177 billion in just two days as coronavirus fears roil markets
Markets

Almost nothing will stop the FANGs in 2018

Tech has outpaced the broader market by a wide margin in 2017. But it wasn’t all smooth sailing, as many of the largest companies faced public and regulatory scrutiny along with company-level issues. Mark Mahaney, an analyst at RBC Capital Markets, told Markets Insider that he sees little risk to […]
Almost nothing will stop the FANGs in 2018
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