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

U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

Published

2 days ago

February 6, 2026

Harvey Vargas

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights

Money

Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Published

2 days ago

February 6, 2026

Harvey Vargas

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker

Money

S&P 500 dips as tech stocks struggle with AMD leading losses

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

Published

3 days ago

February 5, 2026

Harvey Vargas

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.

Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.

Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.

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