U.S. stocks ended sharply higher Friday, more than shaking off weakness seen the previous session in the aftermath of a poor Treasury bond auction and fresh signs that interest rates may stay higher for longer. Technology stocks drove the bounce, with the Nasdaq Composite leading major indexes to the upside as it and the S&P …
Shares of Sleep Number Corp. tanked 25% in the after-hours session Tuesday after the mattress maker and retailer swung to a surprise quarterly loss, predicted a loss for the full year and said it reached an agreement with a shareholder that had been pushing for change. It was a “challenging” quarter for Sleep Number SNBR, …
Sleep Number’s stock falls 25% as company saw demand change ‘abruptly’ Read More »
U.S. stock indexes closed higher Wednesday, with the Dow breaking a three day losing streak, as bond yields eased after weaker-than-expected labor market data. How stock indexes traded The Dow Jones Industrial Average DJIA closed up 127.17 points or 0.39% today to 33,129.55 The S&P 500 index SPX finished up 34.30 points or 0.81% to …
Dow snaps three-day losing streak after softer-than-expected ADP jobs data Read More »
More than 227,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The data show that 2023 has easily surpassed 2022 for global tech redundancies, with 949 tech companies laying off 227,241 employees since the start of the year. Last year, 1,024 tech companies …
More than 227,000 global tech workers have lost their jobs so far this year Read More »
How should you play a long-term trend in the stock market? Investors have made an early bet on years of deployment of artificial intelligence across the corporate world by focusing on data-center infrastructure. This year the big bet has been on Nvidia Corp. — the stock has returned 189% this year, with dividends reinvested. On …
Another way to play AI stocks: These have been the most efficient chip makers Read More »
