US stocks have worst day in nearly three weeks as hawkish Fed speaks, China worries rattle markets

US stocks have worst day in nearly three weeks as hawkish Fed speaks, China worries rattle markets

US stocks had their worst day in nearly three weeks on Monday as protests in China raised global-growth risks and Federal Reserve officials said more interest-rate increases will be needed to subdue inflation. How stocks trade The Dow Jones Industrial Average DJIA, -1.45% finished down by 497.57 points, or 1.5%, at 33,849.46, not far from … Read more

A tech rebound may be needed for a full market recovery. These are the stocks that could lead

A tech rebound may be needed for a full market recovery.  These are the stocks that could lead

The key to a sustained market recovery may rest on one of the most downbeat sectors this year: Tech. As of Friday’s close, the Nasdaq Composite sits 30% from its record closing high of 16,057.44 on Nov. 19, 2021. It has sold off sharply since then as tech shares tumbled amid soaring inflation and higher … Read more

Morningstar names stocks to buy with markets undervalued by 15%

Morningstar names stocks to buy with markets undervalued by 15%

With many stocks in a bear market, equities could be undervalued by 15%, according to Morningstar’s chief US strategist. Dave Sekera told CNBC last week that markets are overestimating the impact of inflation on the US economy, leaving many stocks below their fair value. “We actually think the US market is pretty undervalued here, trading … Read more

Market veteran reveals how he is positioning for upcoming bull market

Market veteran reveals how he is positioning for upcoming bull market

The stock market has experienced a series of bear market rallies this year. And while such short-lived bounces can be hard to distinguish from a true market bottom, one investment pro believes a turnaround is on the horizon. “I think investors at this point should be looking forward to the new bull market, the new … Read more

Amazon stock breaks long-term chart support, closes in on big inflection point

Amazon stock breaks long-term chart support, closes in on big inflection point

Amazon’s stock has tumbled enough over the past week to do real damage to its long-term chart — enough to warn investors that it can still get a lot worse. But amid the market turmoil and concerns over how inflation and fast-rising interest rates might hurt the e-commerce giant’s customer base in the coming months, … Read more

Ex-housekeeper sues Jeff Bezos, claims discrimination, unsafe working conditions

Ex-housekeeper sues Jeff Bezos, claims discrimination, unsafe working conditions

SEATTLE — A former housekeeper for Amazon AMZN, -3.06% founder Jeff Bezos says she and other employees suffered unsafe working conditions that included being forced to climb out of a laundry room window to get to a bathroom anytime the Bezos family was home. In a lawsuit filed in King County Superior Court in Seattle … Read more

Apple now valued at more than Amazon, Alphabet and Meta — combined

Apple now valued at more than Amazon, Alphabet and Meta — combined

Market-cap prices have been updated to trillions, not trillions. Apple Inc. shares have held up far better than those of its Big Tech peers over the past month, and that’s helped the company to a staggering feat: The smartphone giant is now worth more than Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc. combined. Apple … Read more

Amazon plunge pushes valuation below $1 trillion for the first time since 2020

Amazon plunge pushes valuation below  trillion for the first time since 2020

Andy Jassy, ​​chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, US, on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon has exited the trillion-dollar club. Shares of the e-retailer plunged 5.9% on Tuesday, falling for a fifth straight day and closing at their lowest since … Read more

Amazon at risk of closing below $1 trillion valuation for the first time since 2020

Amazon at risk of closing below  trillion valuation for the first time since 2020

The swift recent decline in Amazon.com Inc.’s stock could bring the company’s closing market value below $1 trillion for the first time in more than two years. Amazon shares AMZN, -4.90% are down 5.4% in midday action Tuesday and on track to close with a market value of $997 billion if those losses hold through … Read more

Amazon stock sinks after holiday forecast and cloud growth, profit disappoints; $150 billion in market cap at risk

Amazon at risk of closing below  trillion valuation for the first time since 2020

Amazon.com Inc. predicted Thursday that holiday sales and profit would come in well lower than analysts expected as cloud growth slowed and Amazon Web Services profit missed expectations by nearly $1 billion, sending shares south in after-hours trading. Amazon AMZN, -4.06% executives guided for fourth-quarter operating profit of break-even to $4 billion and holiday sales … Read more