India  

Wall Street ends lower as tech stocks slide

Video Credit: Reuters Studio - Duration: 01:24s - Published
Wall Street ends lower as tech stocks slide

Wall Street ends lower as tech stocks slide

U.S. stocks closed lower after a choppy trading session Thursday as heavyweight tech-related stocks resumed their decline following a sharp rebound the previous session, while elevated jobless claims reminded investors of a still-difficult recovery ahead.

Fred Katayama reports.


You Might Like


💡 newsR Knowledge: Other News Mentions

Wall Street Wall Street Street in Manhattan, New York

Wall St. rocked by historically high jobless claims [Video]

Wall St. rocked by historically high jobless claims

The Dow ended lower for the first time in five sessions amid a broad-based sell across Wall Street after data showed high levels of weekly jobless claims. Conway G. Gittens has more.

Credit: Reuters Studio    Duration: 02:02Published
Why The S&P 500 Could Drop 20% [Video]

Why The S&P 500 Could Drop 20%

S&P 500 could fall by as much as 20% in the coming weeks, Tim Hayes, senior strategist at Ned Davis Research, told Business Insider. "I would expect a decline of 15-20% and then we get a rally that maybe leaves us back where we are around now." Last week all three major Wall Street indices fell due to a sell-off in big US tech stocks. Hayes said the valuations are very optimistic. But he expects stocks to pick up after November once the US election is over.

Credit: Wochit News    Duration: 00:29Published
Wall Street rebounds to snap three-day skid [Video]

Wall Street rebounds to snap three-day skid

Wall Street's main indexes ended higher Wednesday to snap a three-session losing streak as investors jumped back in to take advantage of the pullback in technology-related stocks, a day after the Nasdaq confirmed correction territory. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:25Published
Closing bell: Weak global cues drag down equity indices, banking stocks suffer [Video]

Closing bell: Weak global cues drag down equity indices, banking stocks suffer

Equity benchmark indices closed in the negative zone on September 09 following losses in Asian markets after yesterday's rout in Wall Street. Forecasts of double-digit contraction by several global rating agencies in FY21 GDP, rising coronavirus cases and geopolitical tensions drove investors to safer assets. The BSE SandP Sensex closed 171 points or 0.45 per cent lower at 38,194 while the Nifty 50 was down by 39 points or 0.35 per cent at 11,278. Most sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank slipping by 2.5 per cent, private bank by 1.7 per cent and financial service by 1.8 per cent. But Nifty pharma gained by 1.9 per cent and metal ticked up by 1.2 per cent. Among stocks, State Bank of India was the top loser after dropping by 4 per cent to Rs 195.70 per share. Axis Bank slipped by 2.7 per cent, ICICI Bank by 2.2 per cent, Bajaj Finserv by 2.9 per cent and Bajaj Finance by 1.9 per cent.AstraZeneca Pharma India's stock closed 3.2 per cent down to Rs 4,080 per unit after its parent company voluntarily paused a randomised clinical trial of a coronavirus vaccine after a volunteer developed an unexplained illness.

Credit: ANI    Duration: 01:19Published

Fred Katayama journalist

LVMH may find most sales are final [Video]

LVMH may find most sales are final

France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:26Published
Trump to block TikTok, WeChat downloads Sunday [Video]

Trump to block TikTok, WeChat downloads Sunday

The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security threat. Fred Katayama reports.

Credit: Reuters - Politics    Duration: 01:12Published
ByteDance faces big hurdles over TikTok [Video]

ByteDance faces big hurdles over TikTok

China's ByteDance faces an uphill struggle to convince the White House to allow it to keep majority ownership of its popular short video app TikTok in the United States, according to former national security officials and regulatory lawyers. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:51Published
U.S. consumer spending loses steam [Video]

U.S. consumer spending loses steam

U.S. consumer spending slowed in August, with a key retail sales gauge unexpectedly declining, as extended unemployment benefits were cut for millions of Americans, offering more evidence that the economic recovery from the COVID-19 recession was faltering. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:16Published

Tweets about this

sunilth70925539

sunil thakur Wall Street ends lower https://t.co/Yff0X8lQKX 1 hour ago

GuedesDonovan

Donovan Guedes RT @Refinitiv: 11 Sept: Key #TrustedData from @Refinitiv #Eikon – 📉 Pandemic prods Japanese firms to plan biggest capex cuts in decade 📉… 15 hours ago

sharenewsuk

Share News FTSE 100 ends lower on pressure from pound, Wall Street fends off tech wobble https://t.co/DCbbIOXmY1 https://t.co/pwhJlrRN1V 23 hours ago

Techstocks5

Techstocks FTSE 100 ends lower on pressure from pound, Wall Street fends off tech wobble https://t.co/NELBG1biNe via @proactive_uk 23 hours ago

cnbcafrica

CNBC Africa Wall Street ends lower as tech struggles resume https://t.co/XEGYDCBGbH via @cnbcafrica 2 days ago

spxindex

spxindex​.​com Wall Street ends lower for fourth session out of five https://t.co/lQUpe0NlTu $SPX 10/09/2020 6 days ago

SebastianGogola

Sebastian Gogola Wall Street headed for second straight weekly fall - Reuters https://t.co/BwchBCvsAj 6 days ago

DavidZh76345138

唯真不惑 RT @Reuters: Wall Street surrendered early gains and fell as tech stocks were unable to maintain the momentum https://t.co/AUsFFuIr4p https… 6 days ago


Related videos from verified sources

Fed Boosts Many Stocks, Tech Falters: What Wall Street's Saying [Video]

Fed Boosts Many Stocks, Tech Falters: What Wall Street's Saying

Tech made it look like the market disliked the Fed's announcement, but that wasn't the case.

Credit: The Street     Duration: 02:38Published
Tech Stocks Kept Falling, Others Rose: What Wall Street’s Saying [Video]

Tech Stocks Kept Falling, Others Rose: What Wall Street’s Saying

Solid economic data saved the day for value stocks.

Credit: The Street     Duration: 02:04Published
Stocks Rise Wednesday: What Wall Street's Saying [Video]

Stocks Rise Wednesday: What Wall Street's Saying

Investors also bought the dip in tech.

Credit: The Street     Duration: 02:05Published