After recording losses for three straight weeks, US stocks started another week on a downturn. Although some positive momentum kicked in later in the week, the rise was not enough to offset the heavy losses. Tech stocks bucked the trend and spiked, helping the Nasdaq end the week with gains. Investor sentiment was hurt by
Last week started with a bang on Wall Street, as stocks looked to recover their previous week’s losses. However, the euphoria didn’t last long. Stocks pared back gains as the week progressed, with continued investor concerns around the slow pace of economic recovery. Lack of progress in talks of the next round of fiscal stimulus
US stocks started the holiday-shortened week on a sharply lower note, with the massive sell-off in tech stocks continuing. On Tuesday, the Nasdaq Composite index entered correction territory at the fastest speed in its history, plunging 10% over the previous three trading sessions. Although the number of jobless claims remained below the 1 million mark,
Technology stocks started the week on a strong note as Apple’s 4-for-1 stock split came into effect Monday. Gains in Tesla’s shares, which surged around 13% on Monday following the 5-for-1 stock split, also helped the Nasdaq hit another record high on the first trading day of the week. The US Labor Department reported better-than-expected
