US markets witness a bloodbath as tech selloff and rising yields weigh on markets
US stocks extended losses in Friday’s trading session, with the benchmark S&P 500 falling 1% to wipe out nearly $790 billion in market capitalisation, while the Nasdaq Composite declined 1.3%, erasing about $500 billion amid a sharp selloff in technology shares.
The Dow Jones Industrial Average also slipped 515 points, or 1%, as investors turned cautious following the conclusion of the high-stakes summit between US President Donald Trump and Chinese President Xi Jinping without any major policy breakthrough.
Read MoreVanguard S&P 500 ETF (VOO): The Smartest Investment You Can Make Today
Investing in an exchange-traded fund (ETF) can supercharge your investment growth with next to no effort on your part.
The Vanguard S&P 500 ETF (VOO 1.03%) targets the S&P 500 Index (^GSPC 1.05%),
» Read more about: Vanguard S&P 500 ETF (VOO): The Smartest Investment You Can Make Today »
Read MoreStock markets worldwide drop from records as worries about oil prices rattle the bond market
By STAN CHOE, AP Business Writer
NEW YORK (AP) — The U.S. stock market is falling from its records Friday and joining a worldwide drop for stocks, as higher oil prices send a shiver through the bond market. Stocks that had been caught up in the euphoria around artificial-intelligence technology led the way lower.
Read MoreNew to mutual funds? Here are the mistakes that hurt most during volatile markets
Market ups and downs are normal—but how you react to them can make or break your returns.
Mutual Funds
Dow Jones falls over 300 points, Tech sell-off continues as higher yields dampen sentiments
US benchmark indices had another down day on Tuesday, May 19, as higher bond yields continued to fray investor sentiments, even as no concrete breakthrough was achieved in the ongoing negotiations between the US and Iran.
The Dow Jones ended with losses of over 300 points, while the S&P 500 and Nasdaq fell 0.7% and 0.8% respectively,
Read MoreThe Burst
1 Top Trader Just Bought Netflix
Is Netflix breaking out? If you are to believe Mark Minervini, a renowned trader with a very successful track record, the answer is yes, but there’s more to the story than meets the eye.
First let’s take a look out at the chart highlighting the recent breakout above resistance of Netflix. As you can see a few days ago the share price peeked above resistance,
» Read more about: 1 Top Trader Just Bought Netflix »
Read MoreThe Ivy
Why Did Trump’s Team Buy This Crypto?
On December 11, 2024 a wallet associated with President-Elect Donald Trump began buying a cryptocurrency, Chainlink (LINK) in spades. Within hours a full million dollars had been invested into the token, so what is it about this under-the-radar play that most investors are not seeing?
There’s a little-known piece of blockchain history that often goes overlooked: back in 2017,
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Read MoreThe Spotlight
Billionaire Bets Big On This Energy Stock
Billionaire Stanley Druckenmiller is renowned for his investing prowess, and he’s made some savvy calls over the years. So it was worth paying attention when his family office picked up just over a million shares of Cenovus Energy Inc. (NYSE:CVE).
Why would Druckenmiller might be interested in this Canadian oil producer and does it makes sense for investors to follow his lead?
» Read more about: Billionaire Bets Big On This Energy Stock »