Day: September 25, 2020

Tech Stocks Lead Wall Street Higher: Live Business Briefing

Here’s what you need to know:

  • Wall Street rose on Friday, shaking off an unsteady start, as a rally in technology stocks lifted the broader market.

  • The S&P 500 climbed 1.6 percent. The technology heavy Nasdaq composite rose 2.3 percent. Amazon, Microsoft and Apple were each sharply higher.

  • Companies that have been hard hit by the coronavirus pandemic’s impact on travel and tourism led the gains on Friday. Norwegian Cruise Line rose more than 13 percent, and Carnival Corporation, MGM Resorts and Boeing were all sharply higher.

  • Still, stocks were lower for the week, the fourth consecutive weekly drop for the S&P 500.

  • European stocks have also mostly tumbled this week after a surge in coronavirus cases has led several European governments to mandate tighter restrictions, further clouding the timeline for a recovery. The benchmark Stoxx Europe 600 fell more than 5 percent this week.

  • Investors are watching developments

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Midday Market Update: Stocks Finally Come Around

Stocks began the day curiously down before rebounding nicely. New vaccine and stimulus developments were encouraging.

The S&P 500 rose 0.4%, aided by the gain on big tech stocks, as the Nasdaq rose 0.9%. The 10-Year Treasury yield remained pressured, down to 0.66%. Yields fall when prices rise.

Investors are buying the dip in tech stocks, which corrected this September on valuation concerns after a big summer run-up. The Nasdaq is up more than 2% since Thursday morning.

Tech stocks have a heavy market cap weighting in the S&P 500, but other stocks were performing decently as well. First off, by midday, rising stocks beat decliners by a 3-2 ratio on the New York Stock Exchange. That was distributed fairly broadly throughout sectors, with cyclicals consumer discretionary, industrials and manufacturing all up several tenths of a percentage point. Bank stocks were flat-to-down as the yield curve cannot seem to expand,

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3 reasons the recent sell-off in Apple creates a ‘compelling entry point’ ahead of the iPhone 12 launch, according to Morgan Stanley

  • Investors should take advantage of the recent sell-off in shares of Apple, as it provides a “compelling entry point” ahead of its iPhone 12 launch, Morgan Stanley said on Friday.
  • Shares of Apple have fallen 20% from their September 2 high, outpacing the broader decline as technology stocks led the market lower throughout September.
  • Morgan Stanley reiterated its “overweight” rating and $130 price target for Apple, representing potential upside of 20% from Thursday’s close.
  • Here are three reasons investors should buy the dip in Apple, according to Morgan Stanley.
  • Visit Business Insider’s homepage for more stories.

Ahead of the much anticipated iPhone 12 launch, investors should take advantage of the recent sell-off in shares of Apple and buy the dip.

That’s according to Morgan Stanley’s Katy Huberty, who in a note on Friday reiterated Apple’s “overweight” rating and $130 price target, representing 20% upside

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US won’t back off plan for TikTok download ban: court filing

The Trump administration said Friday it would not back down from a plan to ban new US downloads of the popular video-sharing app TikTok, setting up a court showdown ahead of a Sunday deadline.

A Justice Department court filing said it opposes TikTok’s petition for an injunction to block the order from President Donald Trump, who has called the Chinese-owned social platform a national security risk.

The filing came a day after US District Judge Carl Nichols told lawyers he would consider on an expedited basis the TikTok request to block the president’s order before it goes into effect at 11:59 pm Sunday (0359 GMT Monday).

The government lawyers said they wanted to file a brief “under seal,” which would not be available as a public record, citing national security and confidential business information.

TikTok has argued that a ban, even if temporary, could cause irreparable harm to the video-sharing

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Wall Street ends higher as tech rally squashes virus fears, but S&P down for week

(Reuters) – Technology stocks again rode to Wall Street’s rescue on Friday, lifting the main indexes more than 1%, but the Dow and the S&P 500 still posted their longest weekly losing streaks in a year as fears of a slowing economy sparked an almost month-long rout.

Investors started buying beaten-down shares after the Nasdaq confirmed a corrective phase earlier this month and the S&P 500 on an intra-day basis briefly broke that barrier this week.

Both the Dow and S&P 500 notched their fourth straight weekly declines, the longest weekly losing streak since August 2019. The Nasdaq closed higher for the week after falling the previous three, and is now up 22% for the year. The S&P 500 is up a bit more than 2% for the year.

Investors are looking at the long term and believe technology remains the investment of choice, said Edward Moya, senior market analyst

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Dorchester School District Two starts 2020-2021 school year with new initiatives | Education

With the start of the 2020-2021 school year, Dorchester School District Two has implemented a new technology plan to provide instructional resources for students and teachers.

Plans are also underway for construction of a middle school in the Beech Hill area to alleviate overcrowding in district middle schools.

As district neared the start of a new replacement cycle for technology equipment this year, technology plans were developed to modernize the use of technology that included the following:

>Updated security cameras for schools.

>Individual electronic devices for all students to support learning in classrooms and at home.

>Interactive flat panels for classroom instruction.

Not only will this initiative benefit the instructional programs, but it will allow the district to convert school computer labs to much needed classrooms in all schools, according to a statement provided to the Journal Scene on Friday.

Conversion of these standalone computer labs is a cost effective

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Great cheap accessories for all Apple Watch models

Are you the proud preorderer of a new Apple Watch Series 6? Maybe you pulled the trigger on a discounted Series 5 or opted for the Series 3 with the more attractive $199 price tag. (Actually, the latter is currently on sale starting at $169.) Whatever the case, it’s natural to think your next stop is the Apple Store — where else to stock up on watch bands, wireless earbuds, charging docks and other accessories?

Those things are definitely worth having, but Apple charges a hefty premium. Thankfully, there are excellent affordable alternatives, many of them listed below. I’ve tried some of these myself; others I’m including based on user reviews or other factors. Note that my use of “cheap” here isn’t meant to indicate product quality, but rather price. I’ll update this list periodically.

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Police monitoring websites offering vice, illegal loans, Courts & Crime News & Top Stories

The police are actively trawling the Internet for websites offering vice or unlicensed money-lending services here, in a bid to arrest the growing problem of loan sharks and online vice.

Tender documents seen by The Straits Times (ST) show the Singapore Police Force (SPF) had requested a service to “conduct proactive trawling of the Internet for vice-related and unlicensed money-lending related websites” and rank them according to traffic volume.

The service should also be able to monitor monthly access to such sites via mobile or non-mobile channels and track the number of vice workers advertised on each site.

The tender was awarded to StarHub on July 29, with the service due to be delivered last month.

In response to queries from ST, the police said the trial initiative is to “see how technology can be better leveraged to improve SPF’s capabilities in detecting such websites”.

“Once detected, SPF will continue

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Global Big Data Technology Market Size & Share, Regional Demand, Future Scope, Challenges and Key Players Analysis till 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 18, 2020 (The Expresswire) —
The global big data technology market is set to experience an impressive growth trajectory owing to the rising investment in robotic automation. The overall big data technology market is expected to grow from USD 36.8 Billion in 2018 to USD 104.3 Billion by 2026 at a CAGR of 14% during the forecast period. According to experts, investment in robotic process automation will exponentially rise in the coming years. This shows that automation in the knowledge industry is lowering production costs for companies and more importantly, it is making processes efficient by streamlining them. This will be a major factor that will significantly augment the global big data technology market revenue during the forecast period.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches,

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Facebook critics launch shadow oversight board

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James Martin

A group of Facebook critics have created a shadow oversight board to appraise the social network’s content moderation decisions and other policies. The body, which announced its creation on Friday, will hold its first meeting next week, before Facebook’s own oversight board debuts.

The Real Facebook Oversight Board, which consists of academics, journalists and activists, will conduct its deliberations in public. The rival board was unveiled in a tweet by Carole Cadwalladr, the journalist who broke the Cambridge Analytica story about the scraping of data that was used for ad targeting in the 2016 presidential election.

“Facebook is a weapon. A private company, controlled by one man, being used to undermine democracy,” Cadwalladr tweeted, referencing CEO Mark Zuckerberg. “We urgently need to hold it to account.

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