Technology’s tough week may come with a silver lining: an attractive buying opportunity, according to Fundstrat. Technical strategist Mark Newton noted that tech stocks are now at prices suitable for investors to buy the dip. “It looks too early to give up on Technology,” Newton wrote Thursday night in a note to clients. “Despite the…
Hedge fund billionaire David Tepper thinks the verdict following the latest Federal Reserve decision is this: Don’t fight the Fed. “I don’t love the multiples, but how do I not own it?” the Appaloosa Management founder said Thursday on CNBC’s ” Squawk Box ” when talking about the stock market. “I’m not ever fighting this…
There was a lot of confusion over the Federal Reserve’s rate decision and outlook Wednesday afternoon. Yes, the central bank made the rate cut the market wanted and signaled more were coming. But Chair Jerome Powell characterized it as just a “risk management” cut, pouring cold water on some of the enthusiasm. The Fed’s so-called…
Here’s something you don’t hear often on Wall Street: Tech had a bad day. Declines in Nvidia , Meta Platforms and Amazon , among others, sent the S & P 500 lower on Tuesday. The Nasdaq Composite suffered a worse fate, sliding 1.5%, its worst day since Aug. 1. The pullback comes as the major…
In recent years, the technology sector, especially its biggest names like Apple, had developed the reputation of being the safest choice in a volatile stock market. Tech stocks are now back, even after the big hit many took in 2025’s first half. At the first half’s closing low on April 8, the S&P 500 was…