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ANN/THE STRAITS TIMES – There’s growing concern on Wall Street that the twin engines of this year’s tech-stock surge are at risk of sputtering. That was evident on Thursday, when the technology-heavy Nasdaq 100 Index dropped by the most in five months as disappointing earnings reports from Netflix Inc and Tesla Inc dampened the outlook […]
At the same time, strong employment data underscored worries that the Federal Reserve may not be on the verge of ending its most aggressive monetary policy tightening in decades.
Next week, around 170 companies in the S&P 500 Index, representing 40% of its market capitalization, are set to post results, including tech bellwethers Microsoft Corp., Meta Platforms Inc. and Google parent Alphabet Inc. And on Wednesday, after the Fed announces its latest decision on interest rates, Chair Jerome Powell will provide clues on whether investors were correct to wager that its expected quarter-point rate hike will be its last
There’s growing concern on Wall Street that the twin engines of this year’s tech-stock surge are at risk of sputtering. That was evident Thursday, when the technology-heavy Nasdaq 100 Index dropped by the most in five months as disappointing earnings reports from Netflix Inc. and Tesla Inc. dampened the outlook…
WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits unexpectedly fell la...