By Xavier Fontdegloria The U.S. manufacturing sector contracted in December at the steepest pace since the onset of the Covid-19 pandemic as demand remained subdued and production weakened, data from Read more
Tag: Sector
U.S. manufacturing sector losing steam
The numbers: U.S. industrial production fell 0.1% in October, the Federal Reserve reported Wednesday. The gain was below Wall Street expectations of a 0.1% gain, according to a survey by Read more
Chinese real-estate stocks surge after private sector gets bond-financing boost
Shares of Chinese property developers rose convincingly on Wednesday, after China pushed to expand debt financing for private companies in a bid to shore up the ailing sector. Hong Kong’s Read more
Chinese tech sector leads Hong Kong market rebound
Shares of Chinese technology companies rebounded in Hong Kong after a report that U.S. audit officials have completed the first round of on-site inspection of U.S.-listed Chinese companies. The Hang Read more
Chinese tech sector leads Hong Kong market rebound
Shares of Chinese technology companies rebounded in Hong Kong after a report that U.S. audit officials have completed the first round of on-site inspection of U.S.-listed Chinese companies. The Hang Read more
What the midterm elections could mean for the financial sector, energy and more
One poll this month found record interest in the 2022 midterm elections, which are now less than two weeks away. Analysts focused on key sectors are among those paying close Read more
KLA Corp. adds to list of beat-and-raise quarters in the chip-equipment sector
KLA Corp. rose in the extended session Wednesday after it became the third chipmaking-equipment manufacturer to post a beat-and-raise quarter this earnings season amid a quarter rife with profit warnings Read more
Microsoft earnings drag down software stocks as results ‘could spark new rounds’ of sector concerns
Microsoft Corp. saw cloud-computing growth slow in the latest quarter, suggesting that even big technology companies aren’t immune to the current macroeconomic storm. Shares of Microsoft MSFT, +1.38% were off Read more
Taiwan Semi slumps after reported diss of U.S. chip efforts, analog-chip downgrades also drag on semiconductor sector
Chip stocks lagged behind the broader market Monday following a report that Taiwan’s fabrication industry is pessimistic about U.S. efforts to lessen its reliance on foreign capacity, along with a Read more
Snap’s ad woes turn some of Wall Street’s worst fears into reality, sending the internet sector on a tumble
Snap Inc.’s stock dropped sharply Friday as Wall Street took a hard look at the company’s latest string of disappointing news, which has the potential to rattle the broader internet Read more