The spread of Omicron variant combined with the Fed’s tapering measures have put pressure on stocks leading to major sell-offs over the last week.
Private equity firm TPG states that it specializes in “growth themed companies” and has been investing actively in the entertainment, media, and technology space in recent years.
The Adobe stock faced a major sell-off on Thursday as the company’s projections for the first fiscal quarter of 2022 stood below the analysts’ estimates.
Apple stock is up by 31% year to date and is gradually inching towards new highs.
The stoppage of the Federal Reserve Bond purchase has been cited as a bold move by many analysts who noted the plan provides a good certainty for growth.
The current outlook of the stock market indices is very different from the trend observed in the past week where we saw a bullish rally across the board.
Apple shares have gained as much as 30% this year on top of an 80% surge in 2020. The S&P 500 has risen 25% for the same period.
Morgan Stanley analyst Katy Huberty is quite optimistic about Apple’s growth as well as its projected foray into new products involving AR/VR headsets and autonomous vehicles.
The US stock rallied for the second consecutive day as Wall Street investors shrugged off the fears of the Omicron Covid variant. Tech stocks gained heavily on Tuesday.
While the big cap stocks are feeling the weight of reality in the broader stock market, the Russell 2000, a benchmark for small-cap stocks, also fell 3.86% in a week.
Didi’s exit from the NYSE came after a new decision by the US Securities and Exchange Commission that may affect certain foreign companies.
The US stock market recorded an encompassing resurgence on Thursday after investors came to terms with the fact that the discovered Omicron variants are not as deadly as feared.
Southeast Asian ride-hailing giant Grab saw its SPAC-directed IPO debut plunge on first day of trading on the NASDAQ, to less than $9.
Meta’s recent stock troubles began after Britain’s Competition and Markets Authority (CMA) blocked the acquisition of Giphy, a major GIF platform.
Salesforce released its Q4 earnings guidance, on the heels of its Q3 fiscal earnings report, which was short of Wall Street’s projections.