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| September 26, 2018

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Slump Archives -

Tech stocks lead market to gains amid recovery from last week’s slump

September 11, 2018 |

U.S. stocks rallied Tuesday as technology companies continued to recover from their recent losses.

Big technology companies slumped last week as executives from Facebook and Twitter appeared before Congress at hearings about election meddling and political bias.

On Tuesday, Apple climbed a day…


L.A. Times – Business

Stocks slip again as tech slump continues

September 7, 2018 |

Technology companies suffered another day of sharp losses Thursday, although the broader market didn’t fare as badly.

Chipmakers sank after an executive from KLA-Tencor said business in the fourth quarter looks to be weaker than the company expected. Apple also fell, and social media companies…


L.A. Times – Business

Stocks Close Lower After Late Slump

May 3, 2018 |

Stocks are closing mostly lower following a late slump Wednesday, as Apple jumped but health care and food and drink makers fell, the AP reports. Apple advanced 4.4% after it announced a $ 100 billion stock buyback and met Wall Street’s estimates in its fiscal second quarter. In health care,…
Newser

Stocks veer down as tech shares slump

April 22, 2018 |

A steep slide in technology stocks weighed on U.S. stocks Friday, pulling the market lower for the second day in a row.

Losses by retailers and by makers of packaged food, beverages and other consumer goods also helped weigh down the market. Banks rose as bond yields continued to climb, reflecting…


L.A. Times – Business

Tourism slump continues in Las Vegas months after mass shooting

March 2, 2018 |

Las Vegas tourism leaders revived the famous “What happens here, stays here” slogan three months after a mass shooting on the Strip, but gaming revenue and visitation numbers remain depressed in the tourist destination.

In January, total visitation to the city dropped 3.3%, while gaming revenue…


L.A. Times – Business

Global Stock Slump Marches On

February 9, 2018 |

The latest plunge in global stocks hit Asia Pacific on Friday after late heavy selling in the U.S. left the Dow Jones Industrial Average and S&P 500 in correction territory for the first time in two years.
WSJ.com: What’s News Asia

Mattel’s years-long slump could deepen with Toys R Us closures

February 1, 2018 |

Denny Hamlin, a top driver in NASCAR racing, recently celebrated his daughter’s fifth birthday by having a pink limousine take her and her friends to an American Girl store in Charlotte, N.C., where they picked out their favorite dolls.

If only Mattel Inc. — which owns American Girl, the iconic…


L.A. Times – Business

Bitcoin watchers blame the cryptocurrency’s slump on the moon

January 17, 2018 |

If regulatory concerns aren’t enough to explain bitcoin’s 50% slump from its record high reached last month, how about blaming it on the moon?

The Lunar New Year, which marks the first day of the year in the Chinese calendar, is being cited by some as contributing to bitcoin’s slump: They say Asian…


L.A. Times – Business

Energy Slump Pulls Stock Market Lower

December 7, 2017 |

Stocks closed mostly lower after an up-and-down day of trading as energy companies and retailers dragged the market down, the AP reports. A steep drop in the price of oil Wednesday pulled the energy sector lower. Devon Energy slumped 3.9%. Benchmark US crude fell 2.9%. Home improvement retailers…
Newser

China stock slump weighs on global markets

November 23, 2017 |

European stock markets were weighed down Thursday by the earlier slump in China’s main stock market to its lowest level since September. Trading levels were relatively modest, though, with U.S. markets closed for the Thanksgiving holiday.

In Europe, Britain’s FTSE 100 fell 0.1% to 7,410, while…


L.A. Times – Business