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Stocks dropped on Friday as a decline in Apple pushed the technology sector lower. A rise in interest rates also kept a lid on equities.
Companies have been crushing earnings so far this quarter, but a strange trend is developing: Those that beat expectations are seeing their stock price fall.
U.S. stocks fell on Thursday after a major Asian chipmaker delivered a disappointing forecast which dragged the technology sector lower.
Taiwan Semiconductor Manufacturing gave disappointing sales guidance for its second quarter due to the weak smartphone market.
Stocks rose slightly on Wednesday as some of the biggest U.S. companies reported strong quarterly results, lifting investor sentiment.
U.S. stocks rose on Monday as fears of an escalating conflict in Syria eased for the moment.
Bank of America reported Monday better-than-expected results for the first quarter of the year, driven by strong loan growth and lower taxes.
U.S. stocks fell on Friday as several banking companies weighed down the major indexes on the final day of an otherwise strong week for equities.
Stocks rose sharply on Thursday after President Donald Trump clarified his position on a possible missile attack in Syria.
Corporate profits that are even better than Wall Street anticipates will help steady the recent market volatility and boost share prices, according to J.P. Morgan. Earnings season is getting into full gear and will accelerate this week.
Stocks fell on Wednesday after President Donald Trump taunted Russia on Twitter to “get ready” for a possible missile strike on Syria.
Stocks fell sharply on Friday as worries of a trade war between the U.S. and China grew.
U.S. stocks closed higher on Thursday as tech shares rose following a roller coaster ride in the previous trading day.
After a wild session on Wednesday, stocks closed sharply higher as Wall Street erased massive losses stemming from China’s announcement of new tariffs on U.S. goods.
The tariffs “are weeks, if not months from implementation. So, we’ll wait and see,” Art Cashin says.