One California police officer killed, two injured in Riverside gun battle

China fixes its yuan midpoint at 7.0326 per dollar, stronger than…Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday’s session, according to Reuters estimates. China Economyread more


China fixes its yuan midpoint at 7.0326 per dollar, stronger than…Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday’s session, according to Reuters estimates. China Economyread more
One California police officer killed, two injured in Riverside gun battle Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: joanna tan
Keywords: news, cnbc, companies, mondays, riverside, yuan, midpoint, dollar, set, officer, injured, gun, killed, traded, thananalysts, stronger, session, predicting, battle, california


One California police officer killed, two injured in Riverside gun battle

China fixes its yuan midpoint at 7.0326 per dollar, stronger than…

Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday’s session, according to Reuters estimates.

China Economy

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Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: joanna tan
Keywords: news, cnbc, companies, mondays, riverside, yuan, midpoint, dollar, set, officer, injured, gun, killed, traded, thananalysts, stronger, session, predicting, battle, california


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Big Tech lost $162 billion in value in Monday’s market rout, led by plunge in Apple

As U.S. stocks suffered their steepest drop of 2019, Big Tech was hit particularly hard. Microsoft, Apple, Amazon, Alphabet and Facebook — the five most valuable U.S. companies — lost a combined $162 billion on Monday, leading the broader market rout, which was sparked by concerns of a trade war with China. Tech’s big five companies lost $66 billion in market value on Friday, and Monday’s plunge brought the two-day drop to $228 billion. Apple has more exposure to China than its Big Tech counterp


As U.S. stocks suffered their steepest drop of 2019, Big Tech was hit particularly hard. Microsoft, Apple, Amazon, Alphabet and Facebook — the five most valuable U.S. companies — lost a combined $162 billion on Monday, leading the broader market rout, which was sparked by concerns of a trade war with China. Tech’s big five companies lost $66 billion in market value on Friday, and Monday’s plunge brought the two-day drop to $228 billion. Apple has more exposure to China than its Big Tech counterp
Big Tech lost $162 billion in value in Monday’s market rout, led by plunge in Apple Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: ari levy
Keywords: news, cnbc, companies, drop, value, rout, companies, trade, market, big, billion, apple, mondays, plunge, led, alphabet, tech, lost, stocks, china


Big Tech lost $162 billion in value in Monday's market rout, led by plunge in Apple

As U.S. stocks suffered their steepest drop of 2019, Big Tech was hit particularly hard.

Microsoft, Apple, Amazon, Alphabet and Facebook — the five most valuable U.S. companies — lost a combined $162 billion on Monday, leading the broader market rout, which was sparked by concerns of a trade war with China.

President Donald Trump announced last week that, as of Sept. 1, the U.S. would impose a 10% tariff on $300 billion of Chinese imports, signaling an inability for the world’s two largest economies to come to terms on a trade deal. Stocks had their worst weekly performance of the year, and continued plummeting on Monday after China allowed its currency, the yuan, to fall to its lowest level against the dollar in over a decade.

Tech’s big five companies lost $66 billion in market value on Friday, and Monday’s plunge brought the two-day drop to $228 billion. Apple had the biggest percentage decline, falling 5.2%. Apple told U.S. Trade Representative Robert Lighthizer in June that the latest proposed tariffs would hit “all of Apple’s major products.” Some analysts are projecting a significant impact.

“Assuming smartphones, tablets, smart watches, and computer systems are not categorically excluded from the final $300B tranche, we expect there will be material impact to Apple hardware product earnings,” wrote analysts from Cowen, in a note to clients.

Apple has more exposure to China than its Big Tech counterparts because it’s so reliant on the country’s manufacturing plants for its top products, most notably the iPhone. Facebook, Google and Amazon have almost no presence in China. The other companies didn’t drop as much but still fell more than the S&P 500, a reflection of technology’s role in the economy — the industry typically outperforms in boom times and is disproportionately hurt during a slowdown.

Among Big Tech stocks, only Alphabet has underperformed the S&P 500 this year as the index rallied last month to a record. The benchmark is still up about 14% for the year. Alphabet is up close to 11%, while the others are each up at least 18%.

Ahead of the latest announced tariffs, Apple asked for waivers for the Mac Pro computer, and said it should be exempt on certain parts, including a power supply unit, the stainless-steel enclosure, finished mice and trackpads and circuit boards. In a tweet, President Trump refused the request, writing in a tweet on July 26, “Make them in USA, no Tariffs!”

WATCH: A strong dollar in our interest, says Miller Value Partners’ John Spallanzani


Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: ari levy
Keywords: news, cnbc, companies, drop, value, rout, companies, trade, market, big, billion, apple, mondays, plunge, led, alphabet, tech, lost, stocks, china


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Stocks set for muted open after Monday’s rally

U.S. stock futures were little changed on Tuesday as investors digested a strong rally from the previous session. ET, Dow Jones Industrial Average futures traded 3 points higher, indicating a decline of 7 points at the open, while the S&P 500 and Nasdaq indexes also pointed to a flat open. The muted moves come after strong manufacturing data out of the U.S. and China raised sentiment during Monday’s session, with the Dow closing above 26,000 points for the first time since Feb. 26. U.S. manufact


U.S. stock futures were little changed on Tuesday as investors digested a strong rally from the previous session. ET, Dow Jones Industrial Average futures traded 3 points higher, indicating a decline of 7 points at the open, while the S&P 500 and Nasdaq indexes also pointed to a flat open. The muted moves come after strong manufacturing data out of the U.S. and China raised sentiment during Monday’s session, with the Dow closing above 26,000 points for the first time since Feb. 26. U.S. manufact
Stocks set for muted open after Monday’s rally Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-02  Authors: ryan browne
Keywords: news, cnbc, companies, stocks, manufacturing, futures, dow, traded, strong, muted, set, data, showed, et, rally, points, activity, mondays, open


Stocks set for muted open after Monday's rally

U.S. stock futures were little changed on Tuesday as investors digested a strong rally from the previous session.

As of 8 a.m. ET, Dow Jones Industrial Average futures traded 3 points higher, indicating a decline of 7 points at the open, while the S&P 500 and Nasdaq indexes also pointed to a flat open.

The muted moves come after strong manufacturing data out of the U.S. and China raised sentiment during Monday’s session, with the Dow closing above 26,000 points for the first time since Feb. 26.

U.S. manufacturing activity expanded last month, data showed, rebounding from its lowest level since late 2016. A separate survey showed China’s factory activity also rebounded, expanding at its fastest pace in eight months.

In other data news, the U.S. durable goods report is due to be released Tuesday at 8:30 a.m. ET.


Company: cnbc, Activity: cnbc, Date: 2019-04-02  Authors: ryan browne
Keywords: news, cnbc, companies, stocks, manufacturing, futures, dow, traded, strong, muted, set, data, showed, et, rally, points, activity, mondays, open


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Apple March 25 streaming TV event: What to expect

Apple has been working to break into TV since before current CEO Apple Tim Cook took over in 2011. Late Apple CEO and cofounder Steve Jobs said that he “cracked” TV, according to a 2011 biography written by Walter Isaacson. “Going back to Jobs, Apple has always been obsessed with content ambitions,” Wedbush analyst Daniel Ives said. “This is an area of intense interest,” Cook said in response to a question about Apple TV in 2012. In 2014, Apple’s senior vice president in charge of software and s


Apple has been working to break into TV since before current CEO Apple Tim Cook took over in 2011. Late Apple CEO and cofounder Steve Jobs said that he “cracked” TV, according to a 2011 biography written by Walter Isaacson. “Going back to Jobs, Apple has always been obsessed with content ambitions,” Wedbush analyst Daniel Ives said. “This is an area of intense interest,” Cook said in response to a question about Apple TV in 2012. In 2014, Apple’s senior vice president in charge of software and s
Apple March 25 streaming TV event: What to expect Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-24  Authors: kif leswing, stephanie keith, getty images, beck diefenbach, todd haselton
Keywords: news, cnbc, companies, going, services, tv, expect, apple, mondays, ipads, streaming, hardware, jobs, experience, cook, event, 25


Apple March 25 streaming TV event: What to expect

Apple has been working to break into TV since before current CEO Apple Tim Cook took over in 2011. Late Apple CEO and cofounder Steve Jobs said that he “cracked” TV, according to a 2011 biography written by Walter Isaacson.

“Going back to Jobs, Apple has always been obsessed with content ambitions,” Wedbush analyst Daniel Ives said. “But the resources and strategy behind this has been flawed and now Cupertino is playing way behind the eight ball.”

Apple has also signaled its desire to break into TV during the Cook era.

“This is an area of intense interest,” Cook said in response to a question about Apple TV in 2012. “We are going to keep pulling the string and see where this takes us.”

In 2014, Apple’s senior vice president in charge of software and services, Eddy Cue, went so far as to say that the “TV experience sucks,” echoing Cook’s comments that today’s TV experience is “stuck in the 70s.” Earlier this year, Cook even said that he expects the cable bundle to “unravel.”

The stakes for Monday’s announcement are even higher given that it looks likely that Apple might not have any new hardware to reveal after launching new iPads, iMac computers and AirPods headphones in the run-up to Monday’s event. Usually, new hardware is the star of the show at Apple launches.

“It’s an appropriate move to clear the decks of hardware to emphasize the point around services,” Loup Ventures founder and longtime Apple analyst Gene Munster said.

“I think they don’t want people writing about new AirPods and iPads. They want them focusing on where the company is going long-term.”


Company: cnbc, Activity: cnbc, Date: 2019-03-24  Authors: kif leswing, stephanie keith, getty images, beck diefenbach, todd haselton
Keywords: news, cnbc, companies, going, services, tv, expect, apple, mondays, ipads, streaming, hardware, jobs, experience, cook, event, 25


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Apple March 25 streaming TV event: What to expect

Apple has been working to break into TV since before current CEO Apple Tim Cook took over in 2011. Late Apple CEO and cofounder Steve Jobs said that he “cracked” TV, according to a 2011 biography written by Walter Isaacson. “Going back to Jobs, Apple has always been obsessed with content ambitions,” Wedbush analyst Daniel Ives said. “This is an area of intense interest,” Cook said in response to a question about Apple TV in 2012. In 2014, Apple’s senior vice president in charge of software and s


Apple has been working to break into TV since before current CEO Apple Tim Cook took over in 2011. Late Apple CEO and cofounder Steve Jobs said that he “cracked” TV, according to a 2011 biography written by Walter Isaacson. “Going back to Jobs, Apple has always been obsessed with content ambitions,” Wedbush analyst Daniel Ives said. “This is an area of intense interest,” Cook said in response to a question about Apple TV in 2012. In 2014, Apple’s senior vice president in charge of software and s
Apple March 25 streaming TV event: What to expect Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-24  Authors: kif leswing, stephanie keith, getty images, beck diefenbach, todd haselton
Keywords: news, cnbc, companies, going, services, tv, expect, apple, mondays, ipads, streaming, hardware, jobs, experience, cook, event, 25


Apple March 25 streaming TV event: What to expect

Apple has been working to break into TV since before current CEO Apple Tim Cook took over in 2011. Late Apple CEO and cofounder Steve Jobs said that he “cracked” TV, according to a 2011 biography written by Walter Isaacson.

“Going back to Jobs, Apple has always been obsessed with content ambitions,” Wedbush analyst Daniel Ives said. “But the resources and strategy behind this has been flawed and now Cupertino is playing way behind the eight ball.”

Apple has also signaled its desire to break into TV during the Cook era.

“This is an area of intense interest,” Cook said in response to a question about Apple TV in 2012. “We are going to keep pulling the string and see where this takes us.”

In 2014, Apple’s senior vice president in charge of software and services, Eddy Cue, went so far as to say that the “TV experience sucks,” echoing Cook’s comments that today’s TV experience is “stuck in the 70s.” Earlier this year, Cook even said that he expects the cable bundle to “unravel.”

The stakes for Monday’s announcement are even higher given that it looks likely that Apple might not have any new hardware to reveal after launching new iPads, iMac computers and AirPods headphones in the run-up to Monday’s event. Usually, new hardware is the star of the show at Apple launches.

“It’s an appropriate move to clear the decks of hardware to emphasize the point around services,” Loup Ventures founder and longtime Apple analyst Gene Munster said.

“I think they don’t want people writing about new AirPods and iPads. They want them focusing on where the company is going long-term.”


Company: cnbc, Activity: cnbc, Date: 2019-03-24  Authors: kif leswing, stephanie keith, getty images, beck diefenbach, todd haselton
Keywords: news, cnbc, companies, going, services, tv, expect, apple, mondays, ipads, streaming, hardware, jobs, experience, cook, event, 25


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Cramer: Investors should be patient and take advantage of this sell-off

Monday’s market sell-off could be the first of multiple that allow investors to be patient and take advantage of in coming days, CNBC’s Jim Cramer said. Their indiscriminate selling can eventually give you a good entry point … as long as you don’t jump the gun.” Some investors decided to sell on the headlines believing that a trade agreement has already been baked into the market, but Cramer called the move “ridiculous.” Still, there is not a clear reason whyHe did concede, however, that the s


Monday’s market sell-off could be the first of multiple that allow investors to be patient and take advantage of in coming days, CNBC’s Jim Cramer said. Their indiscriminate selling can eventually give you a good entry point … as long as you don’t jump the gun.” Some investors decided to sell on the headlines believing that a trade agreement has already been baked into the market, but Cramer called the move “ridiculous.” Still, there is not a clear reason whyHe did concede, however, that the s
Cramer: Investors should be patient and take advantage of this sell-off Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: tyler clifford
Keywords: news, cnbc, companies, market, patient, managers, selloff, advantage, saidcramer, end, investors, cramer, dont, deal, mondays, trade, selling


Cramer: Investors should be patient and take advantage of this sell-off

Monday’s market sell-off could be the first of multiple that allow investors to be patient and take advantage of in coming days, CNBC’s Jim Cramer said.

“These pullbacks typically last for more than a day. I think the sellers will return, whether we get a deal with China or we don’t. Be patient,” the “Mad Money” host explained. “But be ready to pounce when the machines take over again and drag the averages down to unsustainably low levels in a heartbeat like we saw early this afternoon. Their indiscriminate selling can eventually give you a good entry point … as long as you don’t jump the gun.”

Despite positive news that trade talks between the United States and China are progressing, the major indexes ended the session in the negative. The Dow Jones Industrial Average shed more than 200 points, the S&P 500 fell roughly 0.4 percent and the Nasdaq dipped about 0.2 percent.

Some investors decided to sell on the headlines believing that a trade agreement has already been baked into the market, but Cramer called the move “ridiculous.”

“It was an unsettling reminder that stocks remain fragile and the asset class simply is not capable of handling severe selling all at once, which is the case and therefore it’s almost entirely machine-driven,” he said.

Cramer blamed Monday’s action on machine-driven moves because the algorithms are not sensitive to price.

“That’s the opposite of what actual humans do when they work orders to get a better than the average price at the end of the day,” he said.

Cramer expected that the market would be hit by “turbulence” leading up to Friday’s jobs report, but he disagreed with the selling that “freaked people out.” Still, there is not a clear reason why

He did concede, however, that the sell-off would make sense if a trade deal falls through.

“Of course, if there’s no deal then today’s sellers may end up looking prescient, but I really don’t think the averages reflect an imminent end to the trade war here,” he said.

Cramer said Monday’s sell-off could potentially be blamed on valuations, ETFs, an overbought market, and the S&P’s shortcomings. He pointed out that the S&P 500 failed to surpass the 2,800 level after four attempts.

“For money managers who watch the charts, there’s a good reason to get out,” he said.

“The averages have rallied for so many straight weeks that you better believe there are fund managers who say, ‘enough is enough, we’re due for a pullback and want to get out ahead of it,'” he added. “It’s been an incredible run people and those hedge fund managers know that nobody ever got hurt taking a profit … Or maybe they’re shorting a basket of stocks that they now perceive to be overvalued.”


Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: tyler clifford
Keywords: news, cnbc, companies, market, patient, managers, selloff, advantage, saidcramer, end, investors, cramer, dont, deal, mondays, trade, selling


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As Monday’s rally fades, traders wonder whether the trade cease-fire was already priced in

Steam is coming out of the post-G-20 stock rally, signaling that the market may have celebrated the trade progress before President Donald Trump even met with China President Xi Jinping. The stock market this weekend got past the second of two big hurdles strategists said stood in the way of a solid year-end rally— trade and the Fed. Now, they say while the rally could continue, a big chunk of that run-up may have already happened. “Part of the trade rally happened on Friday. Traders said Monday


Steam is coming out of the post-G-20 stock rally, signaling that the market may have celebrated the trade progress before President Donald Trump even met with China President Xi Jinping. The stock market this weekend got past the second of two big hurdles strategists said stood in the way of a solid year-end rally— trade and the Fed. Now, they say while the rally could continue, a big chunk of that run-up may have already happened. “Part of the trade rally happened on Friday. Traders said Monday
As Monday’s rally fades, traders wonder whether the trade cease-fire was already priced in Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: patti domm, brendan mcdermid
Keywords: news, cnbc, companies, trade, stock, wonder, fades, priced, president, market, big, rally, ceasefire, week, fed, mondays, sp, traders, higher


As Monday's rally fades, traders wonder whether the trade cease-fire was already priced in

Steam is coming out of the post-G-20 stock rally, signaling that the market may have celebrated the trade progress before President Donald Trump even met with China President Xi Jinping.

The stock market this weekend got past the second of two big hurdles strategists said stood in the way of a solid year-end rally— trade and the Fed. Now, they say while the rally could continue, a big chunk of that run-up may have already happened.

After a positive trade meeting between the leaders this weekend, the S&P 500 rocketed higher Monday morning along with other stock indices. But by mid morning, the S&P was giving back some of those gains, after hitting 2,800 and was just below 2,785 in afternoon trading.

The S&P 500 ripped nearly 5 percent higher last week, in its best week since 2011.

“Part of the trade rally happened on Friday. 2,800 has been a level of resistance,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. “We still need to see the details.”

Traders said Monday’s trading could be key to determining whether stocks are setting up to go higher into year end. One stock they continue to watch as a sentiment indicator is Apple. Apple was up about 2.2 percent, holding just above $182 per share and off its high of $184.68.

“I don’t think today’s highs will be the highs of December,” said Scott Redler, partner with T3Live.com. “What would dampen sentiment would be if they take Apple red instead of letting it bounce towards $190, which is where I think it goes this week.”

Redler said the market is in an uptrend with the two big headwinds removed.

Stocks also surged last week after some fears about an aggressive Fed faded when Fed Chairman Jerome Powell Wednesday said the Fed is close to the neutral rate.

“There’s an upside bias but be careful of going all in today,” said Redler.

Powell had been expected to testify this week before Congress, but his appearance was postponed due to the national day of mourning for President George H.W. Bush.


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: patti domm, brendan mcdermid
Keywords: news, cnbc, companies, trade, stock, wonder, fades, priced, president, market, big, rally, ceasefire, week, fed, mondays, sp, traders, higher


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Cramer on Monday’s stock surge: ‘Talk about classic bear market behavior’

CNBC’s Jim Cramer said early Monday the market is displaying “classic bear market behavior” with U.S. stock futures pointing to a rise of more than 200 points for the Dow Jones Industrial Average after last week’s drubbing. “Talk about classic bear market behavior,” Cramer said in a tweet before the opening bell. Explaining his tweet further, Cramer said on CNBC’s “Squawk Box,” “It’s a bear market rally. A bear market is measured by a decline of 20 percent or more from recent highs. Cramer warne


CNBC’s Jim Cramer said early Monday the market is displaying “classic bear market behavior” with U.S. stock futures pointing to a rise of more than 200 points for the Dow Jones Industrial Average after last week’s drubbing. “Talk about classic bear market behavior,” Cramer said in a tweet before the opening bell. Explaining his tweet further, Cramer said on CNBC’s “Squawk Box,” “It’s a bear market rally. A bear market is measured by a decline of 20 percent or more from recent highs. Cramer warne
Cramer on Monday’s stock surge: ‘Talk about classic bear market behavior’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, talk, street, stock, points, behavior, mondays, rally, week, market, surge, classic, cnbcs, rates, recent, bear, cramer


Cramer on Monday's stock surge: 'Talk about classic bear market behavior'

CNBC’s Jim Cramer said early Monday the market is displaying “classic bear market behavior” with U.S. stock futures pointing to a rise of more than 200 points for the Dow Jones Industrial Average after last week’s drubbing.

“Talk about classic bear market behavior,” Cramer said in a tweet before the opening bell. “We crater all week and then we open up huge on nothing, but because we are so oversold it is hard to let things go.”

Explaining his tweet further, Cramer said on CNBC’s “Squawk Box,” “It’s a bear market rally. You go down really hard last week. And then you come in on Monday and it’s up a lot. People come in. They buy it and lose money.”

Shortly after Monday’s open on Wall Street, the Dow bounced about 300 points higher, pushing the blue-chip average further away from correction territory. The rally also lifted the S&P 500 out of a correction, which is defined as a downward move of 10 percent or greater from recent highs. A bear market is measured by a decline of 20 percent or more from recent highs.

Cramer has repeatedly blamed the Federal Reserve under Chairman Jerome Powell for spooking the markets, saying central bankers need to recognize that the economy is slowing and they can’t move rates to a preconceived notion of so-called neutral.

Cramer warned last week that investors should sell their stocks if they expect the Fed to hike interest rates next month.

Wall Street expects a move in December and so does Cramer. The Fed already hiked rates three times this year.

— CNBC’s Matthew J. Belvedere contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, talk, street, stock, points, behavior, mondays, rally, week, market, surge, classic, cnbcs, rates, recent, bear, cramer


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Tech stocks rally 2 percent after suffering Black Friday losses

Tech stocks bounced back on Cyber Monday after suffering losses on Black Friday. The Nasdaq Composite Index spiked more than 2 percent by Monday’s close, compared to Friday’s dip of 0.5 percent — its worst Black Friday since 2011. On a day where shoppers scour the internet for holiday deals, Amazon spiked 5.3 percent. All five FAANG companies — Facebook, Amazon, Apple, Netflix and Google parent company Alphabet — finished the day in the green. Investors have also shied away from Apple amid fears


Tech stocks bounced back on Cyber Monday after suffering losses on Black Friday. The Nasdaq Composite Index spiked more than 2 percent by Monday’s close, compared to Friday’s dip of 0.5 percent — its worst Black Friday since 2011. On a day where shoppers scour the internet for holiday deals, Amazon spiked 5.3 percent. All five FAANG companies — Facebook, Amazon, Apple, Netflix and Google parent company Alphabet — finished the day in the green. Investors have also shied away from Apple amid fears
Tech stocks rally 2 percent after suffering Black Friday losses Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: lauren feiner, michael s williamson, the washington post, getty images
Keywords: news, cnbc, companies, rally, cyber, company, stock, billion, stocks, black, suffering, day, apple, compared, tech, mondays, spiked, losses


Tech stocks rally 2 percent after suffering Black Friday losses

Tech stocks bounced back on Cyber Monday after suffering losses on Black Friday. The Nasdaq Composite Index spiked more than 2 percent by Monday’s close, compared to Friday’s dip of 0.5 percent — its worst Black Friday since 2011.

On a day where shoppers scour the internet for holiday deals, Amazon spiked 5.3 percent. This Cyber Monday is expected to be a record-setter, hitting $7.8 billion for online transactions, according to Monday morning estimates by Adobe Insights. That would be an 18.3 percent increase compared to the same time last year.

All five FAANG companies — Facebook, Amazon, Apple, Netflix and Google parent company Alphabet — finished the day in the green. Also notably, Tesla surged 6.2 percent Monday and Twitter popped 5.5 percent.

Microsoft also rose by 3.3 percent, at one point coming within a few billion dollars of surpassing Apple in market cap to become the most valuable U.S. company.

Facebook’s stock was hit last week as it responded to backlash about a New York Times report criticizing the way the company handled Russian use of its platform to influence the 2016 U.S. presidential election. On Monday, it swung back up 3.5 percent.

Investors have also shied away from Apple amid fears of slowing iPhone sales, but the stock also rebounded 1.4 percent by Monday’s close.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2018-11-26  Authors: lauren feiner, michael s williamson, the washington post, getty images
Keywords: news, cnbc, companies, rally, cyber, company, stock, billion, stocks, black, suffering, day, apple, compared, tech, mondays, spiked, losses


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Dow falls 170 points as market struggles to rebound from Monday’s 600-point drop

The Dow Jones Industrial Average fell 170 points on Tuesday as the U.S. equity market struggled to rebound after a steep sell-off in the previous session. Shares of Apple fell 0.4 percent, breaking below its 200-day moving average, a key technical level watched by investors. Tuesday’s moves come after the Dow dropped 602 points on Monday as Apple shares dropped on expectations of slowing iPhone sales. Normally, I wouldn’t say one sector can drag the entire market lower, but tech is the biggest s


The Dow Jones Industrial Average fell 170 points on Tuesday as the U.S. equity market struggled to rebound after a steep sell-off in the previous session. Shares of Apple fell 0.4 percent, breaking below its 200-day moving average, a key technical level watched by investors. Tuesday’s moves come after the Dow dropped 602 points on Monday as Apple shares dropped on expectations of slowing iPhone sales. Normally, I wouldn’t say one sector can drag the entire market lower, but tech is the biggest s
Dow falls 170 points as market struggles to rebound from Monday’s 600-point drop Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: fred imbert, brendan mcdermid
Keywords: news, cnbc, companies, lumentum, apple, mondays, points, 600point, falls, shares, dow, lower, drop, struggles, market, sales, fell, 170, session, tech, rebound


Dow falls 170 points as market struggles to rebound from Monday's 600-point drop

The Dow Jones Industrial Average fell 170 points on Tuesday as the U.S. equity market struggled to rebound after a steep sell-off in the previous session. The S&P 500 traded 0.1 percent lower, erasing earlier gains.

The Dow’s declines were led by Home Depot, which fell despite reporting stronger-than-expected earnings, and Apple. Shares of Apple fell 0.4 percent, breaking below its 200-day moving average, a key technical level watched by investors.

Tuesday’s moves come after the Dow dropped 602 points on Monday as Apple shares dropped on expectations of slowing iPhone sales. Apple’s stock declined after Lumentum Holdings, one of its key suppliers, cut its outlook. Lumentum CEO Alan Lowe said in a statement one of its largest customers asked the company for a “material” reduction of shipments for its products.

This led to Goldman Sachs cutting its iPhone sales estimates and to J.P. Morgan downgrading Lumentum’s stock.

Randy Frederick, vice president of trading and derivatives at the Schwab Center for Financial Research, said tech may not be out of the woods yet. “I’m not convinced this tech skittishness is over. Normally, I wouldn’t say one sector can drag the entire market lower, but tech is the biggest sector.”

Stocks attempted to bounce earlier in the session amid reports of renewed trade talks between the U.S. and China.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: fred imbert, brendan mcdermid
Keywords: news, cnbc, companies, lumentum, apple, mondays, points, 600point, falls, shares, dow, lower, drop, struggles, market, sales, fell, 170, session, tech, rebound


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