(Bloomberg) — In the 10 years that Peter Wennink has run ASML Holding NV, China has gone from a rounding error to the chip-technology company’s third-biggest market. After new revelations about data theft linked to the country, questions are now mounting over the risks associated with that growth. Most Read …
Read More »Strong Economic Data Weaken the Case for Continued Stock Rally
Text size Lael Brainard is leaving the Fed to head the White House’s National Economic Council. Jim Vondruska/Bloomberg The dash for trash has hit a speed bump. Stocks faltered again this past week as the early-year rally, led by rebounds in 2022’s speculative-grade losers, ran into resistance from higher expected …
Read More »Dow falls 400 points as stocks suffer worst drop in a month after PPI data, Fed comments
U.S. stocks suffered their worst drop in a month on Thursday after hotter-than-expected data on wholesale prices and talk of more aggressive interest-rate hikes rattled markets. The S&P 500 SPX, -1.38% fell 57.19 points, or 1.4%, to 4,090.41. The Dow Jones Industrial Average DJIA, -1.26% shed 431.20 points, or 1.3%, …
Read More »Dow Jones Falls Amid Inflation Data Surprise; Elon Musk Offers This Defense Amid Big Tesla Recall
The Dow Jones Industrial Average fell on surprisingly strong economic data. Tesla (TSLA) CEO Elon Musk lashed out amid a big product recall. Virgin Galactic (SPCE) gained on a mother ship flight, while Microsoft (MSFT) lagged. X There was some bullish action despite the negative overall picture. Super Micro Computer …
Read More »U.S. stocks open down after data show stronger-than-expected wholesale inflation, fall in jobless claims
U.S. stocks opened lower Thursday as investors digested fresh data showing that weekly unemployment claims slipped and wholesale inflation climbed more than expected in January. The Dow Jones Industrial Average DJIA, -1.02% fell 0.8% soon after the opening bell, while the S&P 500 SPX, -0.93% fell 1.1% and the Nasdaq …
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