Stock Market Today: Stocks Retreat on First Trading Day of Year
Two of the major benchmarks ended in the red, while the blue-chip average was essentially flat.
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Two of the major benchmarks ended in the red, while the blue-chip average was essentially flat.
AMD stock tumbled in 2024's first trading day as big news surrounding Apple and ASML triggered a rise in bearish momentum for the tech sector.
(Reuters) -Apple on Tuesday fell nearly 3.6% to a seven-week low after Barclays downgraded the shares of the world's most valuable company on concerns that demand for its devices from the iPhone to the Mac will remain weak in 2024. Barclays is the second brokerage to have the equivalent of a "sell" rating on the stock, which now has its most number of bearish recommendations in at least two years, according to LSEG data. The stock accounts for a hefty 7% of the S&P 500's market weight - the broa
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While some of these closures came as a surprise, others had reported staffing issues which inevitably led to the permanent shutdown.