• Tue. Sep 21st, 2021

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China chip giant SMIC shares sink on US export controls

Shares in China’s biggest chipmaker tumbled Monday on reports that the United States had imposed export controls on the company, the latest salvo in the countries’ battle for technological dominance.…

US Stocks Sink as Tech Stocks Extend Recent Decline

The major U.S. stock indexes were down sharply again on Thursday as technology-related shares extended a recent decline and as data showed high levels of weekly jobless claims. Tech-heavyweights Apple…

Slack shares sink after earnings don’t show skyrocketing growth

Slack shares fell almost 20% after hours, as it reported earnings results that beat Wall Street expectations, but showed slower growth than many on Wall Street expected. Slack posted revenue…

Tech chills spill into Asia, as shares sink across region

NEW YORK — Asian shares declined on Wednesday after a sell-off of big technology stocks on Wall Street pulled U.S. benchmarks lower. Crude oil prices and Treasury yields also weakened.…

Nasdaq futures plunge as tech stocks continue to sink

BY THE NUMBERS Tech stocks extended their worst rout since March, with Nasdaq futures tracking for an over 3% decline at Tuesday’s open. A plunge of that magnitude at the close…