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Wall Street starts second half on economic risks
... outperformance in the Nasdaq side with those lower yields. The Dow Jones Industrial Average was down 114.85 points, or 0.37%, at 30,660, according to the Dow Jones Industrial Average. The S&P 500 was down 9.89 points, or 0.26%, at 3,775. 49, and the Nasdaq Composite was down 5.81 points, or 0.05%, at 11,022. Micron Technology Inc dropped 5.6% as the memory-chip firm predicted current-quarter revenue below market expectations, which triggered concerns that the chip sector was turning toward a down cycle....
Updated: 07/01/2022
ARC Technologies CEO Don Muir says he's launching a revolutionary service for tech startups
The tech sector has had a rough 2022 so far - the NASdaq Composite Composite IXIC is down 27% year-to-date and many tech companies are holding off on hiring new employees' employees. The tech sector has had a rough 2022 so far - the NASDAQ Composite IXIC is down 27% year-to-date and many tech companies are ...
Updated: 07/01/2022
Equity futures trade lower after end of June
... beginning of the year. It entered a bear market earlier in June. The Dow Jones Industrial Average fell 0.8% to 30,775. The Nasdaq dropped by 1.3% to 11,028. Technology companies were among the biggest weights on the market, as investors continued to ... ... $105 a barrel on the New York Mercantile Exchange . In Asia, Japan's benchmark Nikkei 225 dropped 1.7% and China's Shanghai Composite fell 0.3%. The yield on the 10 year Treasury fell to 3.01%.
Updated: 07/01/2022
Asian stocks fall as global indices slump
... pound fell to 1.2113. The Japanese yen went up to 135.43. The Swiss franc fell to 0.9580. Australian and New Zealand dollars were sold sharply to 0.6796 and 0.6176 respectively. The Dow Jones was down 253.88 points over the night on Wall Street. The Nasdaq Composite fell by 149.16 points. The worst financial year since 1970 was completed by the Standard and Poor's 500 dipped 33.45 points.
Updated: 07/01/2022
US stocks see worst first half of 2022 since 1970
... economy, will go into a recession as interest rates continue to rise. The Dow Jones Industrial Average, the biggest US stock index, fell by more than 15% in the first half of the year, the biggest drop for the period since 1962. The technology-focused Nasdaq Composite lost 30% of its value in the first half of the year, marking its largest percentage drop for the first half of a year. The UK's FTSE 250 has dropped by more than 20%, while the European Stoxx 600 index has fallen by more than 17% and the MSCI ...
Updated: 07/01/2022
S&P 500 and MSCI have biggest first-half drop since 1970
... in Portugal this week and expressed their renewed commitment to control inflation no matter what pain it caused. The Dow Jones Industrial Average fell 253.88 points, or 0.82%, to 30,775. The S&P 500 lost 33.45 points, or 0.88%, to 3,785. 38 and the Nasdaq Composite dropped by 149.16 points, or 1.33%, to 11,028. The S&P 500 has lost 20.6% since the beginning of the year. The Pan-European STOXX 600 index lost 1.5% and the MSCI 's gauge of stocks fell 1.12%. The MSCI global stock index was down 20.9% for ...
Updated: 07/01/2022
S&P 500 posts worst first-half fall since 1970
... sharply this year because of concerns that the US central bank's interest rate could lead to the collapse of the North American economy. Overnight, the Dow Jones index dropped 0.8 per cent to 30,775, the S&P 500 index fell 0.9 per cent to 3,785 and the Nasdaq Composite lost 1.3 per cent to 11,029. All three major US stock indexes ended in negative territory in the month and the second quarter. Both the S&P 500 and the Nasdaq Composite index are in a bear market, down more than 20 per cent from their peak....
Updated: 06/30/2022
Micron says chip maker may have loaded up on chips amid supply shortages
... beginning to see signs that demand is easing and customer inventories are building. Micron shares have dropped 35% over the past 12 months, while the PHLX Semiconductor Index SOX has shed 12%, the S&P 500 Index SPX has fallen 12%, and the tech-heavy Nasdaq Composite Index COMP dropped 24%.
Updated: 06/30/2022
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