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Selloff sparks fears of broader contagion for tech stocks around the world
NEW YORK: Wall Street stocks rose on Friday after the latest monthly jobs report pointed to strength in the U.S. economy and geopolitical tensions eased.
NEW YORK: The S&P 500 index rose above 2,700 for the first time on Wednesday and other major indexes hit record closing highs as technology stocks climbed after signs of robust economic growth.
TOKYO: Asian shares were subdued on Tuesday as investors' rotation out of technology shares took the toll on some of the region's tech heavyweights although hopes of a major tax cut in the United States underpinned risk sentiment
PERHAPS 2017 can be summed up as the year where tech stocks dominated. Strong global spending aside, the emergence of e-commerce and the Internet of Things (IoT) along with the launch of the Digital Trade Free Zone created excitement and the prospects of better earnings.
NEW YORK: The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair
LONDON: Emerging equities hit two-week lows on Monday, weighed down by global politics, the prospect of higher U.S. interest rates, a retreat in tech stocks and weak Chinese property shares.