Nasdaq leads Wall Street losses as Dollar rallies, Dow Jones falls 200 points
The sell-off in technology shares continued on Wall Street for the second-day running leading to the Nasdaq declining nearly 1% during Friday’s trading session. The S&P 500 also fell 0.4%, extending the drop after briefly crossing the 7,000 mark early last week.
Dow Jones, which at one point, was down nearly 500 points,
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Read MoreThe Burst
1 Weird Seasonal Trend Starting Now
Some things can’t easily be explained in the stock market and seasonal trends rank right up there among the conundrums that puzzle even the smartest investors.
Take for example the case of frozen potato processor Lamb Weston that has a weird seasonal trend starting now. It’s a bit difficult to understand precisely why such a powerful force starts at this time of year for the firm,
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Read MoreThe Ivy
AI Powerhouse Sees 853% Increase From Connecticut Billionaire
Nvidia (NASDAQ: NVDA) has rapidly cemented its place as one of the most sought-after stocks after seizing the role of toll road through which all big tech must travel to enter the artificial intelligence ecosystem.
Recently, Nvidia drew interest from billionaire investor Paul Tudor Jones, who raised his position by a staggering 853% to 273,294 shares,
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Read MoreThe Spotlight
1 Underrated Tech Stock to Beat the Market
The CPaaS, or communication platform as a service, market is seeing tremendous growth. According to Juniper Research, the CPaaS industry could hit the $10 billion revenue mark globally by the end of 2022. And if businesses continue adopting APIs for business-to-customer and customer-to-business interactions, it could reach $35 billion by 2026. One underrated company serving this industry has the potential to beat the market: Twilio (NYSE:TWLO).
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