Page 5 - Tech Stocks

World's biggest wealth fund dumps 15 stocks on ethical grounds

The Oslo-based fund generated $123 billion in returns in 2020, marking its second-best performance ever thanks in large part to tech stocks

Wall Street opens lower as technology stock declines resume

High-flying growth stocks continued to be pressured by valuation concerns

Honeywell eyes 10% revenue contribution from its SME brand Impact in 2 yrs

Technology firm Honeywell on Wednesday announced setting up of a new segment under brand name Impact

Tech selloff hits Nasdaq, Jerome Powell comments limit declines

(Reuters) - The Nasdaq index fell in volatile trading on Tuesday as investors sold off mega-cap growth stocks on valuation concerns, although Federal Reserve Chairman Jerome Powell's comments on the economy helped ease some selling pressure.

Asian shares mostly higher amid coronavirus vaccine optimism

Asian shares were mostly higher Tuesday despite a sell-off of shares in technology companies on Wall Street. Japanese markets were closed for a national holiday. South Korea's Kospi slipped 0.4% in morning trading to 3,066.60. Australia's S&P/ASX 200 gained 0.6% to 6,821.70. Hong Kong's Hang Seng jumped 1.2% to 30,681.83, while the Shanghai Composite rose 0.3% to 3,653.62. Thankfully, for society at large, there is more optimism than fear today, with vaccines showing scientific results on the ground that validate efficacy and effectiveness over transmission, leading the world back to normality starting soon, said Stephen Innes, chief global markets strategist at Axi. Although the world's economies have been battered by the coronavirus pandemic, the deployment of COVID-19 vaccines is raising hopes for a recovery from the pandemic. On Wall Street, the S&P 500 fell 0.8% to 3,876.50, extending its losses to a fifth straight day. The benchmark index was just about evenly split ...

Info Edge stock rides high on hopes of economic revival, Zomato IPO

Shares have rallied 42% since November to a record high of Rs 5,876.05 on Jan 6, before taking a breather

Best of BS Opinion: Optimism on renewables, digital governance, and more

Here's a selection of Business Standard opinion pieces for the day

Characteristics of bubbles

There is no reason why the potential bubble in tech stocks will pop anytime soon

High-flying US tech stocks get post-election lift, near new highs

Investors had been expected to sell high-flying tech stocks and lock in current capital gains tax levels ahead of a strong Democratic showing in the election

Wall Street drops at open as tech stocks slide, Covid-19 cases jump

The Dow Jones Industrial Average fell 86.84 points, or 0.33%, at the open to 26,572.27.

Best of BS Opinion: Award for auctions, tech stocks are booming, and more

Here's a selection of Business Standard opinion pieces for the day

Another tech bubble?

Tech stocks are booming and the rally shares several features with the dotcom bust of 2000

Industrials, tech stocks lift Wall Street at the end of choppy month

Ten of the 11 major S&P indexes were trading higher, with energy also among the biggest gainers in early trading.

Tech stocks lift Wall St even as Covid impact on economy dampens sentiment

The information technology index jumped another 1.2% after outperforming for most of the week as investors ditched value-linked stocks in the face of deteriorating economic data

Global shares struggle to shake off bearish mood as US tech giants fall

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2%, hovering just above a one-month trough touched earlier this week

Asian shares mixed after technology fall leads US stock fall on Wall Street

Asian shares were mixed on Friday following a selloff of technology shares on Wall Street. Big tech stocks might have seemed like safe havens, but they have found themselves at the center of a brutal sell-off, said Stephen Innes, chief global market strategist at AxiCorp. Japan's benchmark Nikkei 225 recouped early losses to rise 0.3% in morning trading at 23,314.98. South Korea's Kospi dropped 0.3% to 2,389.21, while Australia's S&P/ASX 200 lost nearly 0.9% to 5,856.40. Hong Kong's Hang Seng gained 0.3% to 24,377.42, while the Shanghai Composite was little changed at 3,235.07. Concerns about the coronavirus pandemic and the big hope over a vaccine in the works overshadow the global market, analysts say. While Big Tech is benefiting from the shift to online life that the pandemic and ensuing stay-at-home economy has accelerated, critics said their stocks prices shot too high. The catch is that progress in curbing COVID-19 could hurt technology shares, Innes said. But keep your eye

Indians investing in US equities should avoid bubbles, fads: Rob Arnott

"I wish fiscal and monetary "stimulus" weren't called "stimulus". It doesn't stimulate anything; it transfers wealth from future spending to today," says Arnott

Nasdaq rebounds after tech stocks stabilise, Tesla's shares jump 10.92%

Analysts said the Nasdaq's ability to hold its 50-day moving average, a technical support level, was key in reversing the market's direction.

SoftBank sheds $15 billion in market capitalisation on US tech stock rout

TOKYO (Reuters) - SoftBank Group Corp <9984.T> shares were down 5% in afternoon trade on Wednesday, extending this week's slump that has wiped $15 billion from its market capitalisation, as investors worried about the conglomerate's exposure to sliding U.S. tech stocks.

Global Markets: Tech rout roils Asian shares, oil futures extend slump

MSCI's broadest index of Asia-Pacific shares outside Japan slid 1.12%. Australian stocks dropped 2.24%, while shares in China fell 1.16%