Stock futures jumped in early trading Tuesday after bond yields declined, causing investors to buy the dip in beaten-up technology shares. Dow Jones Industrial Average futures rose 179 points, or 0.6%. S&P 500 futures added 1%. But the big move was in futures for the tech-heavy Nasdaq 100, which climbed […]
CNBC News
These tech stocks have lost more than 20% of their value so far this year
Traders on the floor of the New York Stock Exchange Source: NYSE Some of the once high-flying tech stocks have reversed course and shaved high percentages off their stock prices, after rising bond yields raised concerns about valuations and higher interest rates. Investors saw a rapid rise in bond yields, […]
Cathie Wood’s Ark Innovation fund is set for a big rebound Tuesday as Tesla, other tech darlings pop
Cathie Wood, CEO and founder of ARK Invest. CNBC Widely followed investor Cathie Wood is about to recoup some of her recent sharp losses as tech stocks rebounded Tuesday after a brutal correction triggered by surging bond yields. Wood’s flagship active exchange-traded fund Ark Innovation ETF (ARKK) climbed 4.8% in […]
Nasdaq futures jump 2.5% as bond yields retreat, Dow futures gain 170 points
Stock futures jumped in early trading Tuesday after bond yields declined, causing investors to buy the dip in beaten-up technology shares. Dow Jones Industrial Average futures rose 179 points, or 0.6%. S&P 500 futures added 1%. But the big move was in futures for the tech-heavy Nasdaq 100, which climbed […]
Buckingham Palace’s reaction in focus after Harry and Meghan’s bombshell interview
(L-R) Queen Elizabeth II, Meghan, Duchess of Sussex, Prince Harry, Duke of Sussex, Prince William, Duke of Cambridge and Catherine, Duchess of Cambridge watch the RAF flypast on the balcony of Buckingham Palace, as members of the Royal Family attend events to mark the centenary of the RAF on July […]
Don’t chase Caterpillar and Deere, says trader. One trucking stock could be better value
As manufacturing activity picks up, the demand for construction equipment and tractors is spiking. Channel checks from the Association of Equipment Manufacturers shows tractor sales were up 15% in February and January. Optimism in the industry and the prospects of a large infrastructure bill from the Biden administration have given […]
Abu Dhabi eyes new partnerships for carbon capture and emissions cutting as oil price climbs
DUBAI, United Arab Emirates — Oil rich Abu Dhabi and its national oil company are eyeing new partnerships in carbon capture technology as rising oil prices put a renewed focus on big oil’s climate mitigation strategies. “There is no credible way of reaching global climate goals without seriously advancing and […]
Biden wants the Yemen war to end. One expert says his actions may be making it worse
U.S. President Joe Biden wants to end the war in Yemen, but it’s not likely that the conflict can be dialed back anytime soon, according to Jonathan Schanzer, senior vice president for research at the hawkish Foundation for Defense of Democracies. “In fact, if anything, I think this is likely […]
The Nord Stream 2 dilemma: Why a transatlantic dispute is likely to go from very bad to even worse
A worker walks past snow-covered pipework in the yard at the Gazprom PJSC Slavyanskaya compressor station on Thursday, Jan. 28, 2021. Andrey Rudakov | Bloomberg | Getty Images LONDON — A simmering geopolitical dispute over an undersea pipeline that would bring gas from Russia to Germany is widely expected to […]
Xpeng predicts it will deliver fewer electric cars than Nio in the first quarter
Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Chinese electric car maker Xpeng forecast it will deliver far fewer cars than rival start-up Nio in the first three months of […]