India  
 
NewsR.in

Why Tech Stocks Closed Mix

Video Credit: Wochit News - Duration: 00:38s - Published
Why Tech Stocks Closed Mix

Why Tech Stocks Closed Mix

On Wednesday, US stocks closed mixed.

Business Insider reports that sliding tech giants overshadowed the Federal Reserve's pledge to keep monetary support intact for the foreseeable future.

Central bank policymakers signaled near-zero interest rates would last through 2023 to help the US economic recovery.

The tech industry dragged major indexes into intraday losses, with mega-caps including Apple and Facebook leading the slump.

Retail sales grew by just 0.6% in August, lower than expected.


You Might Like


Related videos from verified sources

JPMorgan: The S&P 500 Will Surge 12% In Sept. 2021 [Video]

JPMorgan: The S&P 500 Will Surge 12% In Sept. 2021

On Tuesday, JPMorgan's Grace Peters told CNBC's "Squawk Box Europe" the S&P 500 could hit 3,750 by September 2021. Business Insider reports that would represent a 12% premium over Tuesday's closing..

Credit: Wochit Tech     Duration: 00:28Published
Wall Street Confident Stocks Are On Course [Video]

Wall Street Confident Stocks Are On Course

Business Insider reports that US stocks are on course to close lower for a third consecutive week. The S&P 500 has lost nearly 9% since early September's record high. That decline was mainly driven by..

Credit: Wochit Tech     Duration: 00:27Published
Equity indices trade higher, pharma stocks rally [Video]

Equity indices trade higher, pharma stocks rally

Equity benchmark indices traded higher during early hours on Friday amid mixed cues from their Asian peers. At 10:15 am, the BSE S-P Sensex was up by 136 points or 0.35 per cent at 39,115 while the..

Credit: ANI     Duration: 01:24Published