www.newsblows.com
[ad_1] Michael Burry, the money manager made famous in the Big Short, added to wagers on Chinese tech giants Alibaba Group Holding Ltd. and JD.com Inc. in recent months even as a rout in the country’s shares deepened. Alibaba is now Scion Asset Management’s top holding after Burry’s investment company boosted its stake in the…
[ad_1] ASML Holding NV shares dropped in the first minutes of trading before quickly recovering, with traders blaming the unexpected slump on an erroneous trade. According to multiple equity traders, a “fat finger” — trades made by human error, or even by algorithms — could have been behind an initial slump of as much as…
[ad_1] The largest technology stocks that lifted the broader market last year are having a less-rosy start to 2024. The so-called Magnificent Seven, which includes Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla Inc. and Nvidia Corp., slipped for the last four trading days, the longest losing streak in a month,…
[ad_1] After an uncharacteristically sluggish performance in 2022, tech stocks have come roaring back to life in 2023. In fact, the Technology Select Sector SPDR ETF (ticker: XLK) has more than doubled the S&P 500’s year-to-date return. For more than a decade, brief periods of tech sector underperformance have consistently been long-term buying opportunities, and…