Beyond blue nike tech
Small company stocks also lost ground, pulling the Russell 2000 index 2.3% lower.Ĭryptocurrencies fell broadly as Bitcoin slumped 8.5% to $21,434, according to CoinDesk.īright spots included General Motors, which rose 2.9% after reinstating its dividend. Meme stock Bed Bath & Beyond sank 43.8% after the high-profile activist investor Ryan Cohen confirmed that he’s sold his stake in the company. Retailers, banks and communications companies also fell sharply amid the broad slide. Major indexes were held back by mostly choppy trading following a weeklong run of gains. A pedestrian walks past the New York Stock Exchange in New York City, Thursday, Aug. Technology stocks had some of the biggest losses and the sector’s dip weighed heavily on the broader market. The Dow Jones Industrial Average fell 293 points, or 0.9%, to 33,706 and is slightly in the red for the week. The Nasdaq fell 2% and is also set to end four weeks of gains. The benchmark index is now on pace to break a four-week winning streak. Asian stock markets were mixed Friday after Wall Street rose as investors analyzed conflicting economic signals ahead of a Federal Reserve conference next week. A worker wearing a protective mask cleans in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Friday, Aug. Stocks are broadly lower on Wall Street in afternoon trading Friday, putting major indexes on track for losses that will end a solid run of weekly gains.
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General Motors rose after reinstating its dividend, and Foot Locker soared after replacing its CEO and reporting better-than-expected earnings. Meme stock Bed Bath & Beyond plunged after the high-profile activist investor Ryan Cohen confirmed that he’s sold his stake in the struggling retailer. The Dow Jones Industrial Average also fell. The tech-heavy Nasdaq composite fell even more. The benchmark S&P 500 index gave back 1.3% Friday, breaking a four-week winning streak. NEW YORK – Technology stocks led Wall Street lower, leaving major indexes in the red for the week.