U.S. Stocks Close Mixed Following Extremely Volatile Session
WASHINGTON (dpa-AFX) - Following the sell-off seen in the previous session, stocks saw considerable volatility over the course of the trading day on Friday. While a rebound by tech stocks contributed to an advance by the Nasdaq, the Dow posted a steep loss.
The Nasdaq climbed 72.91 points or 0.6 percent to 13,192.34 after ending Thursday s trading at its lowest closing level in a nearly month. Meanwhile, the Dow plunged 469.64 points or 1.5 percent to 30,932.37 and the S&P 500 fell 18.19 points or 0.5 percent to 3,811.15.
Despite the mixed performance on the day, the major averages moved notably lower for the week. The Nasdaq plummeted by 4.9 percent, the S&P 500 tumbled by 2.4 percent and the Dow slumped by 1.8 percent.
Taiwan shares tumble, but China Airlines shows strength
02/26/2021 07:40 PM
CNA photo Feb. 26, 2021
Taipei, Feb. 26 (CNA) Shares in Taiwan plunged 3.03 percent to close below 16,000 points on Friday following an overnight selloff in stock markets in the United States, but China Airlines outperformed the broader market.
The Taiex, the benchmark weighted index on the Taiwan Stock Exchange (TWSE), ended down 498.38 points, or 3.03 percent, at the day s low of 15,953.80, after the market opened at the day s high of 16,190.04. Turnover was NT$432.11 billion (US$15.27 billion).
On Thursday, major U.S. indexes all closed lower. The tech-heavy Nasdaq, which Taiwan tracks closely, fell 3.52 percent, and the Philadelphia Semiconductor Index lost 5.80 percent.
IoT Analytics, a provider of market insights and competitive intelligence for the Internet of Things (IoT) has estimated that semiconductors are strongly outperforming technology sector.
Key findings of the research carried out by the analysts include the penetration of semiconductor components classified as “IoT”, that is expected to grow from seven per cent in 2019 to 12 per cent by 2025.
They also predicted four key components that would drive the IoT semiconductor growth to include Micro Controllers (MCUs), Connectivity chipsets, Artificial Intelligence (AI) chipsets, and Security chipsets and modules.
The Philadelphia Semiconductor Index, which tracked the value of the 30 largest semiconductor firms globally, increased by five times in the last five years from $80 in January 2016 to $416 in January 2021.
WASHINGTON (dpa-AFX) - Stocks have moved mostly lower over the course of morning trading on Thursday, partly offsetting the strong gains posted in the previous session. The major averages have
Broad Rally, Vaccine Optimism, Johnson & Johnson, GameStop Roars, Trading Nvidia The market s catalyst had everything to do with the virus. optimism that humankind might stuff that scourge back into Pandora s box.
Feb 25, 2021 | 07:04 AM EST
For the second day in a row, equities opened lower on Wednesday, then dusted themselves off, with a little help from Jerome Powell (not to mention the yield curve), and then rallied for the rest of the session. Only Wednesday s rally was broader and felt more complete than Tuesday s. The fact was that while the Fed Chair certainly gets an assist and what the US 10 year pays did peak early in the day, the catalyst on Wednesday was not a smooth talking monetary dove, not the fact that even easier fiscal conditions are at least (probably) headed for a vote in the House later this week. The catalyst had everything to do with the virus, or should I say. optimism that humankind might stuff that scourge back into Pandora s box, and hopefully