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Tag Archives: Stocks:

Losses for technology and banks take US stocks lower

FILE – This Tuesday, Oct. 25, 2016, file photo shows the New York Stock Exchange at sunset, in lower Manhattan. U.S. stocks are skidding early Thursday, Aug. 3, 2017, as banks, technology and health companies all start the day lower. Prescription drug distributor AmerisourceBergen and women’s health diagnostic company Hologic tumbled, while a solid quarter from cereal maker Kellogg helped ... Read More »

What to watch in markets this week: Tech stocks, the jobs report and more

Sylvain Thomas | AFP | Getty Images The first half of the year has flown by and stocks certainly have a lot to show for it. The S&P 500 and the Dow Jones industrial average notched their biggest first-half gains since 2013. The tech-heavy Nasdaq composite, meanwhile, left them in the dust, surging 14.2 percent to post its best start to a year since 2009. ... Read More »

Double Trouble For Twitter With Revenue and Stocks Down

Has the Twitter success story run its course? That’s the question being posed on Wall Street after Twitter reported disappointing revenue growth in the first quarter of 2016 recently. In the first quarter, Twitter reported $595 million in revenue, well below the $607.8 million that analysts were expecting. The company added 5 million users, but fell short of the growth that ... Read More »

Pay Hike To Lift Auto, Consumer Durable Stocks: Centrum Broking

Abhishek Anand, fund manager at Centrum Broking, said auto and consumer durable companies are likely to be the prime beneficiaries of the Seventh Pay Commission implementation. Mr Anand said that generally people tend to increase consumption-based spending first after an increase in income. “We see demand getting generated for auto and consumer durable led sectors,” Mr Adnad said. (Watch) Two-wheeler ... Read More »