... new 52 week low. Its lowest intraday level since 2020 is 40 on Thursday.
See also: Big Shorts Investor
Reminisces Dow's Largest Single Day Fall 2008: Wonders '' If This Could Be Worse
On Thursday, the Bank of America downgraded
from Buy to
, sparking a sell-off in tech stocks. In the downgrade note,
said he expects weaker consumer demand to prompt analysts to cut Apple's earnings estimates in the coming quarters.
Rite Aid Corporation ...
... stop panicking when central banks start, but dismissed interventions by
the Bank of Japan
Bank of England
as neither credible nor coordinated. He said to nibble if the
falls to 3,600, bite at 3,300 and gorge at 3,000.
A downgrade of
, reported by
Bank of America
, a hiring freeze at
Meta Platforms META
and a steady stream of hawkish commentary weighed on U.S. stocks on Thursday.
The shares of
fell 9% in premarket trade after executives at the sportswear maker said ...
... cap, behind
Exxon Mobil Corp XOM
whose market cap was $369.59 billion, taking it to the 11th spot, according to data from companiesmarketcap.com. The stock of
V is at the 10th position, with a market value of $372.51 billion.
is the most valuable company in the world, with a market value of nearly $2.29 trillion as of Thursday's close.
Meta CEO Mark Zuckerberg announced plans to reorganize teams and trim headcount for the first time, according to a report by
... Tesla, took to Twitter on Thursday to address an issue he finds with Apple Inc. Jinping What happened to Apple products.
, the former AI director at
, took to Twitter on Thursday to address an issue he finds with
What happened to
products that don't allow you to keep track of conversations across 10 apps, according to Karpathy. He suggested that it would require some operating-level help to sort notifications into fyis, abbreviation for your ...
... on Thursday, with the Nasdaq Composite dropping more than 300 points amid a rise in Amazon.com, Inc.
U.S. stocks fell below on Thursday, with the Nasdaq Composite dropping more than 300 points amid a rise in
, Inc. AMZN and
Let's look at the major economic events scheduled for today.
The consumer sentiment index for September will be released at 10: 00 a.m. September's final reading for consumer sentiment is expected to come in the same as compared to the 59....
... has raised concerns for the US economy, and led to the closing of U.S. stocks on Thursday.
The s&p 500 fell to its lowest level last seen in November 2020, while the Down is down over 8% this month.
Shares of tech heavyweights, including
Apple Inc AAPL
NVIDIA Corporation NVDA
, fell by over 4% on Thursday.
The US economy shrank by an annualized 0.6% on quarter in the second quarter, as US initial jobless claims declined by 16,000 to 193,000 in the week ending September 24, the lowest since ...
... ascent through the launch of its lookalike Reels platform, but executives have warned that Reels have a lower monetization rate than more established forms of
and Instagram content.
must deal with privacy-related changes made by Apple Inc. AAPL that affect targeted advertising.
As noted earlier this week,
highlighted earlier this week that
, a less curated social-media platform that encourages users to share photos at a different time each day, has ...
... Product GDP declined, with the first half showing signs of crosscurrents appearing in economic data.
We recently saw a full year profit warning from
owner V.F. The tech giant's stock was downgraded by Bank of America after reports of
AAPL cutting iPhone production on growth fears. The full year guidance was slashed by
FDX earlier this month.
is an anchor at Yahoo Finance. Sozzi follows BrianSozzi on Twitter and LinkedIn.