Tag: dragging

Dow under pressure Friday as tech stocks stumble, dragging down S&P 500, Nasdaq

U.S. stock indexes were lower Friday, with the indexes trying to avoid slumping for a third week in a row, amid uncertainty about a fresh round of fiscal stimulus from Washington lawmakers and concerns about tensions between the U.S. and China.

The day’s trading action marks quadruple witching, which refers to the simultaneous expiration of single-stock options, single-stock futures, and stock-index options and stock-index futures, which has traditionally been associated with some intraday volatility.

How are equity benchmarks performing?

The Dow Jones Industrial Average
DJIA,
-0.70%

was trading 75 points, or 0.3%, lower at 27,827, the S&P 500 index
SPX,
-1.15%

was off 24 points, or 0.7%, at around 3,333, after swinging between slight gains and losses in early trade near its 50-day moving average at 3,343.34. The Nasdaq Composite Index
COMP,
-1.67%

 was trading 124 points, 1.1%, lower, at about 10,786.

On Thursday, the Dow closed 130.40 points, or

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Tech stocks continue to pull back, dragging market lower

NEW YORK (AP) — Big technology stocks are opening sharply lower again on Wall Street, continuing a pullback that began last Thursday and Friday. The tech-heavy Nasdaq index dropped another 2.9% in the early going on Tuesday, the first day of trading after the Labor Day holiday in the U.S. The S&P 500 was down 1.8%. The deflation in high-flying tech stocks came after an eye-popping rally this year for the sector that many market watchers said was overblown. The Nasdaq is still up 22% this year versus a 4% gain for the S&P 500. Crude oil prices fell sharply, and Treasury yields dropped.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story appears below.

European stocks mostly edged lower on Tuesday after small gains in Asia, while Wall Street appeared set to slip when it reopens after the Labor Day long weekend.

Investors are focusing on uncertainties over the

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Technology stocks tumble dragging markets down

This is a rush transcript from “Special Report,” September 3, 2020. This copy may not be in its final form and may be updated.

BRET BAIER, FOX NEWS CHANNEL HOST: They should have. Thanks, Jesse. Good evening, welcome to Washington. I’m Bret Baier.

Breaking tonight, you are looking at a live picture, I think of Air Force One. There you go. The president getting ready to get off there. The President heading to Pennsylvania for a campaign event in Latrobe.

President Trump taking heat tonight though over a suggestion that voters who use mail-in ballots show up the polls on Election Day as well to make sure their vote is counted. Critics saying he was asking voters to vote twice in North Carolina. The White House is saying that wasn’t the point at all.

The president also in another verbal war with New York Governor Andrew Cuomo over defunding violent

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