News of a new coronavirus variant in South Africa sent stock markets reeling on Friday, with the Nasdaq Composite off 2% and the Dow Jones Industrial Average down 2.7% as of noon ET. And despite more than one positive news item today,Nvidiastock is joining in the sell-off, losing 3.4%.That's a crying shame. After all, this morning saw a new upgrade for Nvidia shares from First Shanghai bank, which raised its recommendation on the stock to buy and set a new $380 price target that's a good 21% abo
Nasdaq ends lower for second day as Big Tech loses ground
Nov 23 - The Nasdaq ended lower for a second straight session on Tuesday, while the S&P 500 rose, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names and buy stocks with lower valuations.The S&P 500 growth index dipped 0.3% and the value index climbed 0.8%.Treasury yields extended gains as investors ramped up expectations of interest rate hikes next year after Jerome Powell was nominated by President Joe Biden as fed chair for a second term.Tesla fell over 4% and
After-Hours Stock Movers: NVIDIA, Sonos, Victoria's Secret and more
$Victoria's Secret & Co. $ 11% HIGHER; reported Q3 EPS of $0.81, $0.10 better than the analyst estimate of $0.71. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.46 billion. Victoria's Secret & Co. sees Q4 2021 EPS of $2.35-$2.65, versus the consensus of $2.80. sales to be in the range of flat to up 3% versus last year’s fourth quarter sales of $2.100 billion. $Cisco Systems $ 6% LOWER; reported Q1 EPS of $0.82, in-line with the analyst estimate of $0.82. Rev