APPLE STOCK SELLOFF
![US stocks struggle for direction as investors evaluate tech trade](https://img.etimg.com/thumb/msid-111291324,width-100,height-75,resizemode-4/markets/stocks/news/us-stocks-slip-as-tech-recovery-stalls.jpg)
US stocks struggle for direction as investors evaluate tech trade
Financial markets experience shifts as key tech and retail companies show varied performance. Wall Street awaits crucial inflation data. Analysts predict possible sector rotation based on earnings and inflation trends.
![Nvidia enters correction territory as slump erases $430 billion](https://img.etimg.com/thumb/msid-111244364,width-100,height-75,resizemode-4/markets/stocks/news/nvidia-enters-correction-territory-as-slump-erases-430-billion.jpg)
Nvidia enters correction territory as slump erases $430 billion
Shares fell 13% over the period, past the 10% threshold that represents a correction. The drop weighed on chipmakers with the Philadelphia Stock Exchange Semiconductor Index falling 3% on Monday. Broadcom Inc. fell 4% while Qualcomm Inc. dropped 5.5% and ARM Holdings Plc slumped 5.8%. US-listed shares of Taiwan Semiconductor Manufacturing Co. shed 3.5%.
![Nvidia sheds $220 billion after short run as top stock](https://img.etimg.com/thumb/msid-111174593,width-100,height-75,resizemode-4/markets/stocks/news/nvidia-sheds-200-billion-in-value-after-short-run-as-top-stock.jpg)
Nvidia sheds $220 billion after short run as top stock
It was a swift reversal from earlier in the week, when Nvidia rallied to overtake its megacap peers and claim the pole position. Traders said there weren’t any fundamental reasons behind the two-day selloff at the end of the week, but it does underscore the breakneck pace at which the stock had climbed — almost 200% in the past year alone — and how that ascent now makes it vulnerable to sudden retreats like this one.
![Ahead of Market: 10 things that will decide D-Street action on Thursday](https://img.etimg.com/thumb/msid-110946720,width-100,height-75,resizemode-4/markets/stocks/news/ahead-of-market-10-things-that-will-decide-d-street-action-on-thursday.jpg)
Ahead of Market: 10 things that will decide D-Street action on Thursday
The Nifty index ended flat after a strong initial hour of trading, facing resistance around 23,400. Despite this, the short-term trend remains positive as the index stayed above 23,300. In the near term, the index is likely to continue consolidating within the 23,300-23,500 range. A decisive breakout above 23,500 could potentially trigger a rally towards 23,800.
![Sanjiv Bhasin on three IT stocks that may outperform in near term](https://img.etimg.com/thumb/msid-110928258,width-100,height-75,resizemode-4/markets/expert-view/sanjiv-bhasin-on-three-it-stocks-that-may-outperform-in-near-term.jpg)
Sanjiv Bhasin on three IT stocks that may outperform in near term
It would be HCL Tech, Wipro and Mphasis. We participated in this sell-off in Mphasis because of Blackstone reducing its stake. We think Mphasis is one of the best poised companies in IT. By the way, a month back I had recommended Coforge when it went to 4400, 4500, 4600 just because they are raising their QIP.
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How will stock market react to election results? Here are 3 possible scenarios
Investors are closely monitoring India's elections, with low voter turnout and betting market predictions fueling uncertainty. Sensex is down over 1,700 points this month. Analysts assess potential market reactions to different election outcomes, from outright BJP victory to coalition scenarios.
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Wall Street Week Ahead: Lofty US stocks leave investors punishing earnings disappointments
Strong reports from Microsoft and Google parent Alphabet on Thursday helped propel the S&P 500 to its biggest weekly gain since early November following its first 5% pullback of the year. The S&P 500 is up about 7% in 2024 and some 24% since late October.
US stocks end higher with major corporate earnings in view
The benchmark S&P 500 and the Nasdaq rebounded from a decline over the past six sessions which had been caused by investors re-evaluating their expectations on interest rate cuts in the wake of strong economic data, geopolitical tensions, persistent inflation and commentary from Federal Reserve officials.
US stocks gain after Friday sell-off, Mideast tensions temper
Tesla, Meta Platforms, Alphabet and Microsoft will be in focus this week as the companies gear up to deliver their quarterly numbers. Their performance could further test the rally in U.S. stocks.
US stocks recover from Friday's sell-off, Dow jumps 343 points amid Mideast jitters
The S&P 500 was up 36.24 points, or 0.71%, at 5,159.65, and the Nasdaq Composite was up 69.03 points, or 0.43%, at 16,244.12.
Apple looks most oversold in years after $200 billion selloff
Shares of the iPhone maker are down 14% from a recent peak and have dropped 12% this year, compared with a gain of 7.42% for the Nasdaq 100 Index. Apple shares have been pressured by concerns over iPhone sales in China and a fine from the European Union.
Tech-heavy Nasdaq leads Wall Street lower as megacaps, chips slide
Tuesday's economic data was a mixed bag showing slower U.S. services industry growth in February as employment declined while a measure of new orders grew to a six-month high, signaling underlying strength in the sector.
Big tech face high bar to sustain gains
The group - comprised of Apple Inc., Microsoft Corp., Nvidia Corp., Alphabet Inc., Amazon.com Inc., Meta Platforms Inc. and Tesla Inc. - doubled in value in 2023, outperforming the broader Nasdaq 100 Index's 54% rise. The majority extended gains this year - with the exception of Tesla and Apple.
Wall St gains ground after Fed-driven selloff; Big Tech earnings in focus
Keeping interest rates unchanged on Wednesday, the Fed reminded markets of its undeterred focus on battling inflation and smashed speculations of policy easing kicking off in March.
US stock market: Wall Street ends down as Apple weighs
U.S. stocks ended lower on Tuesday after mixed earnings from Morgan Stanley and Goldman Sachs pressured banks, and as sell-offs in Boeing and Apple weighed on the S&P 500.
Asian shares extend global sell-off, dollar holds gains
South Korean shares slid 1.8%, Australia's resources heavy stocks declined 1.1%, while Hong Kong's Hang Seng index fell 1%, driven by a 1.5% plunge in technology shares.
Apple is so big, it’s almost eclipsing France’s stock market
The combined market value of companies listed in Paris was about $3.2 trillion as of Wednesday’s close, versus the technology giant’s $3.1 trillion, according to an index compiled by Bloomberg. Apple is bigger than all but the six largest stock markets in the world.
Tesla’s dimming growth puts seven biggest S&P500 companies under spotlight
Tesla shares have been the worst performer in the group by a significant margin, since the third-quarter earnings season kicked off in mid-October. The stock sank fast after the company’s chief executive officer Elon Musk dialed back growth expectations amid slowing demand and dour forecasts from other automakers.
Apple suppliers slide on China anxiety, threat from Huawei
Apple shares have tumbled 6.4% over the last two days, wiping $190 billion from its market capitalisation, following news Beijing ordered some central government employees in recent weeks to stop using iPhones at work.
Apple selloff deepens to $200 billion on China iPhone curbs
Shares of the Cupertino, California-based company fell as much as 5.1%, bringing its two-day slump to 6.8%. Apple is the biggest component in major US equity indexes, adding to a broader selloff sparked in part by a litany of woes in China
Apple tumbles, drags tech stocks lower as fears grow over China iPhone curbs
The world's most valuable firm was set to lose around $100 billion in market value after suffering its worst one-day drop in more than a month on Wednesday.
European stocks steady after three-day selloff
EUROPE-STOCKS/ (URGENT)European stocks steady after three-day selloff
Wall Street climbs after worst weekly selloff of 2023
At 9:47 a.m. ET, the Dow Jones Industrial Average was up 200.27 points, or 0.61%, at 33,017.19, the S&P 500 was up 28.03 points, or 0.71%, at 3,998.07, and the Nasdaq Composite was up 104.12 points, or 0.91%, at 11,499.06
Tesla’s 2022 collapse hits 69% after deepest selloff since April
The hope that Tesla will be the leading EV company in a future dominated by electric cars drove a spectacular eight-fold rally in the shares in 2020, earning its place in the S&P 500 and at one point making it the fifth-most valuable stock in the gauge.
Apple shares hit lowest since June 2021 on iphone supply concerns
Tech fell broadly on Tuesday, with the Nasdaq 100 down 1.5%. The group is facing its worst December performance since the dotcom era as investors expect the Federal Reserve will retain a hawkish stance as it grapples with inflation.
Amazon slumps as tech selloff worsens
Amazon's shares, which were down 12.8% at $96.77, were trading at their lowest since March 2020.
Alphabet, Microsoft spark $400-billion megacap rout
Alphabet now has reported three straight quarters of disappointing earnings per share, according to data compiled by Bloomberg, the longest such streak in seven years. Prior to this year, the company had beaten estimates nine quarters in a row, and had only missed once since the end of 2017.
Apple’s ugly day wipes out $120 billion, spills over Big Tech
Apple has been treated as a haven for much of this year, outperforming fellow mega-caps and the broader tech gauge amid a steep selloff driven by recession fears. The world’s most valuable company with a market value of nearly $2.3 trillion has now fallen about 20% in 2022, compared to a 32% decline for the Nasdaq 100.
Growth stocks lead bounce on Wall Street after brutal selloff
At 10:10 a.m. ET, the Dow Jones Industrial Average was up 114.32 points, or 0.39%, at 29,375.13, the S&P 500 was up 21.07 points, or 0.58%, at 3,676.11, and the Nasdaq Composite was up 103.40 points, or 0.96%, at 10,906.32.
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