Money

NASDAQ takes a hit as tech stocks plummet, again

Published

5 years ago

May 5, 2021

ticker NEWS

It’s been a painful night for tech investors at Wall Street with falling tech stocks

NASDAQ has seen stocks falling in some of the largest tech companies.

The big giants including Apple, Tesla and Amazon sent the NASDAQ slumping.

The S&P 500 also pared losses amid gains in commodity, financial and industrial shares.

The S&P500 was down around .7 per cent, the NASDAQ plunged nearly 2 percent.

Crypto takes a hit as NASDAQ stocks fall

Cryptocurrency has also been impacted, with Bitcoin and Ether also both taking a hit.

The markets were also rattled when Treasury Secretary Janet Yellen said rate hikes will likely rise as the economy bounces back.

Later in the day, Yellen followed up by saying she wasn’t predicting or recommending rate hikes on the NASDAQ.

Chris Larkin, managing director of trading and investing product at E-Trade Financial, says: “while it may be premature to declare the end of tech’s underperformance phase, keep in mind that the sector is more than a handful of mega-cap names—traders may see opportunity in lesser-known pockets of the sector.”

Stocks end mostly lower, with Nasdaq slumping nearly 2% as tech shares sell off https://t.co/bViZKVjJ69
— MarketWatch (@MarketWatch) May 4, 2021

“Amid new highs, it’s not surprising for the market to be moving somewhat in a holding pattern of late. And tech’s somewhat surprising comeback could have some traders questioning if tech names are here to stay, or if cyclical sectors will outperform as the economy edges closer to full recovery.”
Chris Larkin, managing director of trading and investing product at E-Trade Financial, said in an email.

Money

Australian Dollar surges: What $0.70 means for markets

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.

Published

8 hours ago

February 18, 2026

Harvey Vargas

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.

The Australian dollar has jumped more than 5 percent against the U.S. dollar this year, now trading around $0.70. This rapid rise has sparked mixed reactions for importers and exporters as Australia’s materials sector shows signs of bouncing back, despite concerns over rising interest rates.

Dale Gilham from Wealth Within breaks down the factors behind the AUD surge, the implications for commodities, and what it means for big miners like BHP. From profits to strategy, we explore how the market is reacting to this currency shift.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#AustralianDollar #AUD #Forex #Investing #Commodities #BHP #Mining #Markets

Money

S&P 500 rises as financial stocks lead and tech slips

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!

Published

9 hours ago

February 18, 2026

Harvey Vargas

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!

The S&P 500 climbed 0.4% on Tuesday, boosted by strong gains in financial stocks. Citigroup and JPMorgan led the rally, showing investors are rotating money into the sector as tech stocks faltered.

Meanwhile, software shares struggled, with ServiceNow, Autodesk, and Palo Alto Networks all seeing notable declines. Concerns around AI disruption continue to affect the software and financial sectors alike.

Market watchers are now turning their attention to upcoming inflation reports later this week, looking for signals that could shape the next moves in the market.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

Money

Australia’s GST debate heats up amid tax reform push

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.

Published

1 day ago

February 17, 2026

Harvey Vargas

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.

Australia is facing a fierce debate over tax reform, with fresh calls to broaden the Goods and Services Tax as the government searches for more stable revenue streams. With an ageing population putting pressure on health, pensions and long-term spending, economists argue the current reliance on personal income tax may not be sustainable.

Dr Steven Enticott from CIA Tax joins Ticker to break down the real impact of expanding the GST, including how it could affect lower-income households, whether taxing unrealised gains would change investor behaviour, and what compensation mechanisms could soften the blow on essential goods. The political risks are high, but so are the fiscal stakes.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker