Tag: tech

Tech Stocks Are Getting Crushed as Bond Yields Spike Higher

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The Nasdaq Composite has fallen by close to 7% since Monday.


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Tech stocks are suffering fresh losses on Thursday, as spiking bond yields continue to spur investors to move out of cloud, e-commerce, and semiconductor stocks and into other more economically sensitive—and cheaper—issues.

The group started the day in the green, but reversed course when comments by Federal Reserve Chairman Jerome Powell at The Wall Street Journal Jobs Summit triggered a new upward move in interest rates.

The yield on 10-year Treasuries now sits at about 1.54%, up from under 1% at the beginning of the

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Vancouver, British Columbia – February 8, 2021 (Investorideas.com Newswire) Mining / Metals / Green Energy Stock News – Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased with recent Canadian-US government integration plans regarding electric vehicles and critical minerals such as Rare Earth Elements.

EL CAJON, Calif. – February 3, 2021 (Investorideas.com Newswire) Breaking EV stock news from Investorideas.com Newswire and RenewableEnergyStocks.com – Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power, HVAC and roofing systems installation company, today announced the official opening of operations of the Company’s dedicated electric vehicle (EV) charging solutions division… Read more

Jim Cramer sees ‘rabid money’ for tech IPOs, says don’t chase DoorDash

CNBC’s Jim Cramer said Wednesday he believes there is “rabid money” interested in upcoming technology IPOs, but he urged younger investors not to chase after DoorDash once the third-party delivery company goes public.

“When people know the brand, the younger investors just say, ‘You know what, get me some,'” Cramer said on “Squawk on the Street,” “DoorDash is used by a lot of younger people, both in the suburbs and in the cities, so I think you’re going to see incredible enthusiasm.”

DoorDash, which began trading Wednesday, sold shares in its initial public offering at $102 apiece, above its targeted

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S&P 500 and Nasdaq rise as investors buy tech shares beaten up this week

The S&P 500 and Nasdaq Composite rose on Wednesday as tech shares recovered some of their losses from earlier in the week at the expense of names who would benefit from an economic recovery.

The broader-market index closed 0.8% higher at 3,572.66 and the Nasdaq jumped 2% to 11,786.43. The Dow Jones Industrial Average — which had been the stalwart early this week — struggled, falling 23.29 points, or 0.1%, to 29,397.63.

Apple gained 3%. Netflix climbed 2.2%. Facebook and Amazon rose 1.5% and 3.4%, respectively. Alphabet closed 0.6% higher, and Microsoft was up by 2.6%.

American Express fell 4.2%

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Dow rises slightly as Fed pledges to keep rates low, tech stocks weigh on broader S&P 500

The Dow Jones Industrial Average eked out a small gain on Wednesday after the Federal Reserve indicated it will keep interest rates lower over the next few years. However, the broader market S&P 500 struggled as shares of major tech companies declined. 

The 30-stock Dow closed 36.78 points higher, or 0.1%, at 28,032.38. The S&P 500, meanwhile, slid 0.5% to 3,385.49. The tech-heavy Nasdaq Composite dropped 1.3% to 11,050.47. Both the Dow and S&P 500 hit their session highs after the Fed’s announcement was released, but they quickly gave back those gains. 

Apple dropped nearly 3%. Facebook ended

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