Wall St falls as tech sells off again, jobless claims still high

Sept 17: U.S. stocks fell on Thursday as technology-related shares slid for a second day and as government data showed high levels of weekly jobless claims. Amazon.com Inc dropped 2.3% and Apple Inc fell 1.6%, making them the biggest drags on the S&P 500 and Nasdaq. Last week, the Nasdaq‘s …

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S&P 500 ends down after late reversal despite Fed’s low-rate stance

The S&P 500 ended lower on Wednesday, reversing gains late in the day as losses in technology shares outweighed a Federal Reserve statement that stoked optimism it would keep U.S. interest rates near zero for a prolonged period. The index initially extended gains and the Dow briefly rose more than …

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Tech stocks most ‘crowded trade’ of all time: BAML survey

NEW YORK : Too many investors have piled into U.S. technology stocks, making the sector the most “crowded trade” of all time and difficult to unwind, while a tech bubble is the biggest risk after an expected second wave from the COVID-19 pandemic, a BofA Securities survey of fund managers …

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