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Housing Stocks Have Barely Flinched as Technology Stocks Plunged

Housing Stocks Have Barely Flinched as Technology Stocks Plunged

Housing stocks have barely dropped this month, even as volatility swept the broader market. The iShares U.S. Home Construction ETF (ITB) closed yesterday just 2.6 percent below its 52-week high. The S&P 500 in contrast, is almost 8 percent below its peak. The...

Stocks Keep Sliding as the Technology Rout Continues

Stocks Keep Sliding as the Technology Rout Continues

Stocks kept falling last week as the rout in technology stocks continued. The S&P 500 slid 0.6 percent between Friday, September 11, and Friday, September 18. It was the index's third straight drop -- the longest stretch of declines since August 2019. The...

Are Apple and Tim Cook About to Copy Amazon Prime?

Are Apple and Tim Cook About to Copy Amazon Prime?

Apple is trying to shift from gadgets to services. Tomorrow could mark a big step in that evolution. The technology giant is apparently developing "Apple One" as bundled set of services like Amazon Prime. Details could emerge as early as 1 pm ET at Tuesday's "Apple...

Tesla Leads a Rebound in the Nasdaq as Buyers Defend Key Levels

Tesla Leads a Rebound in the Nasdaq as Buyers Defend Key Levels

Buy the dip. Buy the dip. Buy the dip. That was the mantra on Wall Street today. The Nasdaq-100 surged 3 percent, its biggest one-day gain since April 29. Tesla (TSLA), one of the most traded stocks in the entire market, led the bounce. Elon Musk's electric-vehicle...

Four Risks Face the Nasdaq After Technology Skidded Lower Last Week

Four Risks Face the Nasdaq After Technology Skidded Lower Last Week

Technology stocks just had their worst week since March as Apple and Tesla skidded lower. More risks could be on the horizon. The Nasdaq-100 fell 3.1 percent between Friday, August 28, and Friday, September 4. The SPDR Technology ETF (XLK) declined 4.1 percent. Both...

Tesla Denied! Meet the Companies That Beat Elon Musk to the S&P 500

Tesla Denied! Meet the Companies That Beat Elon Musk to the S&P 500

One of the biggest events expected by investors didn't happen. Tesla wasn't added to the S&P 500. S&P Dow Jones Indices announced changes to the most important index on Friday afternoon. Three relatively small companies with a combined market capitalization of...

How Much Is Zoom Video Up Since its IPO?

How Much Is Zoom Video Up Since its IPO?

Zoom Video Communications just rallied to new record highs after the coronavirus pandemic fueled one of the most dramatic growth stories ever. ZM closed at $457.67 today. That's 1,171 percent above the $36 price where it went public just 16 months ago on April 18,...