Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
The projected result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning.Europe Politicsread more
Stocks in Asia were were mixed in Monday morning trade as investors watched for developments from U.S. President Donald Trump's state visit to Japan as well as results from...Asia Marketsread more
Sources say the talks have picked up speed in recent days and could lead to an announcement regarding a merger or partnership by Monday.Autosread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Book income helped self-proclaimed socialist Bernie Sanders join the millionaire class, a group he has often criticized during his decades in politics.Politicsread more
Exit polls showed National Rally, a re-branding of Le Pen's National Front, beating Macron's party by just one seat.Europe Politicsread more
Stocks that are most prone to swine flu fears include Bloomin' Brands, Phibro, Darling Ingredients, Deere, and Hormel, according to analysts.Marketsread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
You should use your summer vacation to unwind from work stress. Here are some tips for disconnecting while you're away.Technologyread more
If you value reliability and quality over a posh cabin and jealous looks, the Lexus LX 570 two-row is the Japanese Range Rover you need.Autosread more
The Nasdaq Composite climbed out of correction territory late Tuesday, as major tech stocks recovered from an earlier rout.
Earlier Tuesday, the index tanked as much as 2.8 percent to trade 10.7 percent below its all-time intraday high of $8,133.30, hit on Aug. 30. At one point, the composite was down 8.3 percent month-to-date, on pace for its worst month since November 2008 when it shed 10.8 percent.
The Nasdaq recovered to close just 0.4 percent down.
Major tech companies had accounted for nine of the top 10 stocks weighing negatively on the Nasdaq at its lowest point during the session — yielding only for Pepsi to slip in among the biggest losers.
At 11 a.m. in New York, Apple and Facebook were each down 2 percent, Amazon and Microsoft were each down 3.5 percent, and Google parent Alphabet was down 2.2 percent. By market close all of those stocks had pared their losses.
Jeremy Klein, chief market strategist at FBN Securities, noted the tech sector's been out of favor for several weeks, as managers take profits ahead of year's end and brace for another tech earnings season.
Amazon, Intel, Alphabet, Twitter and Snap all report quarterly earnings later this week, followed by Facebook and Apple next week. Last quarter saw major market moves for tech companies, as quarterly results pretty consistently disappointed.
But compared with industrials — which was dragged lower Tuesday by Caterpillar and 3M earnings — Klein said, the tech stocks weren't the problem.
"[There's] carnage pretty much everywhere," Klein said. "I think tech is just caught up in it today."