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| October 19, 2018

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Stock indexes slip, and tech-sector losses mount

October 8, 2018 |

Nearing the end of the trading day, U.S. stocks were lower for the third session in a row Monday as technology companies again took steep losses. Major indexes were coming off two weeks of declines, and a big jump in bond yields startled investors last week.

Stocks in Europe fell after Italy’s…


L.A. Times – Business

US Stock Indexes End Mixed

September 19, 2018 |

Stocks are closing mixed on Wall Street as gains for banks are offset by losses elsewhere in the market, the AP reports. Bond yields climbed to the highest level in four months Wednesday, sending bank shares higher and weighing on utilities and other high-dividend payers. Technology companies also did poorly….
Newser

Tech Stocks Lead US Indexes Lower

September 17, 2018 |

Technology stocks led the way downward on Wall Street as traders braced for more tariffs to be announced on China, the AP reports. Apple lost 2.7% Monday, Netflix slumped 3.9% and Twitter gave up 4.2%. Most stocks closed lower on the New York Stock Exchange. Safe-play sectors…
Newser

Stock Indexes Close Lower

September 8, 2018 |

US stock indexes are closing lower Friday after a surprisingly strong jobs report pushed investors to gird for higher interest rates, the AP reports. Investors sold high-dividend stocks as bond yields rose, and tech stocks rebounded from recent losses. Tesla slumped 6.3% after its chief accounting officer quit after…
Newser

US Stock Indexes Close Sharply Higher

August 16, 2018 |

Stocks are closing higher on Wall Street following strong results from Walmart and signs of progress in defusing the trade dispute between China and the US, the AP reports. Walmart jumped 9.3% Thursday after reporting its strongest sales growth in a decade as well as a surge in online…
Newser

Tech Weakness Pulls Stock Indexes Lower

August 15, 2018 |

Stocks are ending broadly lower on Wall Street led by declines in technology companies, the AP reports. A surprise drop in profits for the Chinese internet giant Tencent Wednesday led to widespread declines for technology stocks. The drop got investors worried about demand for high-tech products as well as economic…
Newser

Retail stocks rise and bank stocks fall; indexes barely budge

August 10, 2018 |

Major U.S. indexes stood stock-still for the third consecutive day Thursday as gains for retailers were canceled out by losses for banks and other companies.

Energy companies again headed lower after a sharp drop in oil prices the day before. Amazon and media company Viacom led consumer-focused…


L.A. Times – Business

Tech Stocks Drag US Indexes Lower

July 30, 2018 |

Technology companies took sharp losses for a third day in a row and US indexes are closing lower, the AP reports. Twitter skidded 8% and Google’s parent company Alphabet gave up 1.8%. Technology companies have done far better than the rest of the market for more than a year…
Newser

Banks Weigh on Large-Stock Indexes

July 19, 2018 |

Banks and other large US stocks fell but smaller companies climbed, making for a mixed finish on Wall Street, the AP reports. Banks fell Thursday as interest rates decreased. Several financial companies including American Express and Bank of New York Mellon dropped after issuing weak second-quarter reports. Comcast rose 2….
Newser

Stock indexes rise as tech companies regain some ground and GE jumps

June 26, 2018 |

U.S. stocks are mixed Tuesday morning as technology and industrial companies bounce back from sharp losses the day before. Apple, Microsoft and Facebook are all up about 1%. General Electric is jumping after it said it will shed its healthcare business and its majority stake in oil services company…


L.A. Times – Business