Category: Drag
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Nvidia, chip stocks drag tech lower as new Biden export rules, jobs report weigh
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Nvidia (NVDA) stock fell on Friday along with other chipmakers after a December jobs report pushed expectations of additional interest rate cuts from the Federal Reserve and ahead of expected restrictions on chip exports from the Biden administration. Nvidia stock fell 3%, while AMD (AMD) fell 4.8% and PHLX Semiconductor…
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Trump and heavy losses drag SolarEdge to new low
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Israeli Solar Energy Company SolarEdge technologies (Nasdaq: SEDG) saw its stock price drop 22% yesterday on Wall Street, as other renewable energy stocks fell sharply following the election of Donald Trump as the next US president. The Trump administration is not expected to encourage renewable energy. After the close of…
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European shares end marginally lower on tech drag; Fed in focus By Reuters
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By Shubham Batra and Shashwat Chauhan (Reuters) – European shares closed slightly lower on Monday as losses in heavyweight technology stocks weighed on the index, while the focus remained on the U.S. Federal Reserve, which is widely expected to start its monetary easing cycle this week. The pan-European STOXX 600…
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Tech stocks drag on S&P 500, Nasdaq as Fed meeting nears By Reuters
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By Johann M. Cherian and Purvi Agrawal (Reuters) – Technology stocks weighed on Wall Street and the Nasdaq on Monday as caution set in ahead of a pivotal Federal Reserve policy decision later in the week, with most traders pricing in a sharp drop in borrowing costs. Interest-rate-sensitive chip stocks…
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Boeing strike could drag on as workers push for higher wages, union leader says By Reuters
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SEATTLE (Reuters) – The strike at Boeing Co. “could go on for a while” as workers feel confident they can get bigger pay raises and better pensions, union leader John Holden said in an interview with National Public Radio on Saturday. More than 30,000 members of the International Association of…
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Boeing strike could drag on as workers push for higher wages, union leader says By Reuters
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SEATTLE (Reuters) – The strike at Boeing Co. “could go on for a while” as workers feel confident they can get bigger pay raises and better pensions, union leader John Holden said in an interview with National Public Radio on Saturday. More than 30,000 members of the International Association of…
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Marriott cuts 2024 sales view on China drag, slower North American demand By Reuters
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(Reuters) – Hotel operator Marriott International Inc (NASDAQ:MRX) lowered its 2024 room revenue growth forecast on Wednesday, citing a weaker operating environment in China and expectations of weaker demand in North America. The company’s shares fell 4.7% before the bell. Marriott expects its revenue per available room (RevPAR), an important…
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Solana And Ethereum Meme Coins Drag Investors Into A Slow Death, Is There Still Hope?
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As the price of Bitcoin fell from the $70,000 level to below $64,000, memes understandably suffered as a direct result. During this time, meme coins, both large and small, saw their prices drop significantly, raising concerns about whether or not the summer of meme coins was over. However, given the…