Tag: tech stocks

U.S. stock futures rose during early trading on Wednesday, with tech stocks leading the drive as they rebounded from a mass sell-off. This comes as investors brace for the testimony of Federal Reserve Chair Jerome Powell before Congress, where he is expected to provide...

Snap Inc. shares plunged by 33% to $11.72 in after-market trading following the company's disappointing earnings report for the foruth quarter. The software giant generated a revenue of $1.36 billion for the three months ending December 31, missing Wall Street analysts' expectations of a...

Spotify stocks jumped by 10% during premarket trading after the streaming platform released its fourth-quarter earnings. Despite an operating loss of 75 million euros ($80.6 million) led by real estate-related expenses, the company is on course to a first-quarter operating income of 180 million...

The tech-heavy Nasdaq Composite closed 0.8% lower on Tuesday as markets digested the latest earnings reports from leading tech companies. The Dow Jones Industrial Average rose 0.4% during the session, while the benchmark S&P 500 remained flat. Having fluctuated between both sides of the flatline,...

Samsung Electronics Co. saw its operating profit slump by 35% during the past quarter, registering its sixth consecutive quarterly decline. The South Korean company's stock fell by 2.5% on Tuesday following the announcement. Operating income for the quarter was 2.8 trillion won ($2.1 billion)—24%...

Tencent Holdings lost about $43.5 billion of its value after China's National Press and Publication Administration presented draft guidelines for new rules aimed at limiting gaming and video game spending. Shares in Tencent, NetEase, and Bilibili all slumped following the submission. Falling 12.4%, Tencent stocks...