Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Stocks in Asia fell Monday morning following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread 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."