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Global tech stocks tracked overnight losses in U.S. tech names led by a sell-off in Broadcom.
“With a great Jobs Report, like just announced, stocks should go up, not down," Trump posted. "That's the way it was for 200 years. Growth does not mean inflation!”
Tech stocks tumbled on Friday, with semiconductor stocks leading the sell-off after a blistering run-up to record highs in recent weeks.
A sell-off in tech stocks gripped U.S. and Asian markets overnight after an earnings report from Broadcom earlier in the week.
Investors sold off stocks, bonds, bitcoin and gold Friday after a strong jobs report boosted odds the Federal Reserve might raise interest rates later this year to combat inflation and Wall Street wrestled with weakness in AI stocks.
Major stock indexes sank Friday as technology shares dropped for a second straight day, harming the S&P 500's chances of recording a 10th straight weekly gain. Meanwhile, Treasury yields surged after the monthly U.
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South Korea stocks fall over 5% as tech heavyweights follow plunge in Wall Street's AI-linked names
Asia-Pacific markets fell on Friday as investors assessed a rotation out of chip stocks on Wall Street that lifted the Dow Jones Industrial Average to a record close.
The downturn appears to have been sparked by a strong jobs report that stoked fears of interest rate hikes. Many investors were hoping that the conflict in the Middle East would be resolved, energy prices would fall, inflation would subside, and the ...
US tech stocks tumbled on Friday in a sell-off led by chipmakers and memory groups after a strong jobs report sparked bets that the Federal Reserve will raise interest rates by the end of this year.
Tech stocks looked set to drop on Tuesday, as investors took the opportunity to lock in some profit following a stellar rally in chip stocks. Futures tracking the Nasdaq 100 were 0.7% lower. Red-hot Intel and Micron Technology both slid by about 2% and Qualcomm,
Indian IT stocks in focus after Infosys and Wipro ADRs fell up to 5% overnight. From slowing client spending to AI disruption and global tech weakness, here are the three key headwinds facing the IT sector in 2026.
Why did IT stocks fall today? Nifty IT plunged 4.66% as investors booked profits after a sharp AI-driven rally. Here's what triggered the selloff in TCS, Infosys, Wipro, HCLTech, and other IT stocks.