Tech stocks worst two-week stretch since the start of pandemic

Tech stocks worst two-week stretch since the start of pandemic

Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since it plunged … Read more

Dollar Tree, Peloton, Salesforce and more

Dollar Tree, Peloton, Salesforce and more

Check out the companies making headlines before the bell: Dollar Tree (DLTR) – The discount retailer’s stock slide 6.6% in the premarket after cutting its full-year earnings forecast, due to the impact of pricing-related investments at its Family Dollar stores. Dollar Tree reported better than expected profit for its latest quarter, with revenue in line … Read more

The Federal Reserve’s Jackson Hole meeting could shake up markets in the week ahead

The Federal Reserve’s Jackson Hole meeting could shake up markets in the week ahead

Markets could be volatile, as investors await what could be a very hawkish message from Federal Reserve officials at their annual Jackson Hole economic symposium at the end of the week. Fed Chairman Jerome Powell speaks Friday at 10 am ET, a highlight of the three-day Wyoming conference that begins Thursday. Fed watchers expect tough … Read more

Tech companies lost $17 billion in Q1 as equity investments take a hit

Tech companies lost  billion in Q1 as equity investments take a hit

An electric Amazon delivery van from Rivian cruises down the street with the Hollywood sign in the background. Amazon The tech sell-off of 2022 accelerated in the past couple weeks, with first-quarter earnings reports highlighting challenges like inflation, supply chain shortages and the war in Ukraine. For some tech leaders, the market swoon has created … Read more