Stocks fell Thursday as a year-end sell-off returned to Wall Street following a brief respite this week. The Dow fell 1.05%. The S&P 500 shed 1.44%. The Nasdaq plunged 2.18%.
, and introduced cost-cutting measures. Shares were last trading nearly 2.7% higher, as of 11:17 a.m. ET.Stocks are tumbling Thursday, dashing hopes that had been stoked by a 526-point rally on Wednesday. Top Wall Street analysts don't expect these gyrations to go away anytime soon.is heading in 2023. While the average forecast calls for a higher year, many are seeing double-digits drawdowns during the period as the economy is expected to deteriorate.
Government lawsuit against Microsoft because of its Activision Blizzard deal makes it less likely for tech giant to buy Netflix "In the last several months, we have seen a dramatic drop in demand," said Micron CEO Sanjay Mehrotra on an earnings call Wednesday, noting that a mismatch between supply and demand has forced the company to retain more inventory and lose its pricing power.
In response to these challenges, the company said it's cutting 10% of its workforce and suspending 2023 bonuses.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow advances 300 points at the open as U.S. stocks head for back-to-back gainsU.S. stocks opened higher on Wednesday with the main U.S. indexes on track to book back-to-back gains for the first time in a week as earnings from Nike Inc....
Read more »
Stock Market News Today: Dow Drops 300 Points After Strong Economic Data, Wednesday's RallyTechnology stocks led Wall Street lower, with the Nasdaq ending down more than 2%. Tesla shares dropped about 9%.
Read more »
Blue-chip stocks plummet, pulling Dow lower as Grinch makes home on Wall StreetThe Dow Jones Industrial Average is down Thursday as some of the indices’ key stocks nosedive
Read more »
Here are the 10 Dow stocks analysts think will see the most gains in 2023CNBC Pro looked at stocks in the Dow Jones Industrial Average that have the most upside to the average analyst price target, per FactSet.
Read more »
Dow, S&P 500 post modest gains Tuesday, stocks bounce after 4-session skidU.S. stocks posted modest gains on Tuesday after slumping to their lowest levels in about a month. The Dow Jones Industrial Average rose about 92 points, or 0.3%, ending near 32,850:
Read more »
2014 Toyota FJ Cruiser With Ridiculously Low Mileage Heading to AuctionIt has less than 300 miles on the odometer ... how much will it sell for?
Read more »