NEW YORK -Weakness in U.S. technology stocks pulled a basket of global stocks lower for its second straight session on Friday, and the dollar hit its highest level since early May as a gauge of U.S. business activity edged up to a more than two-year high. S&P Global said its […]
technology stocks
After pulling an about-face to become one of the best-performing technology stocks in China this year, Meituan may be primed for further gains on easing competition and improving profitability. Analysts see shares of China’s top food-delivery platform rising another 19% over the next year, on projections for record earnings. Cost […]
Hedge funds made an about-face last week dumping semiconductor stocks — beneficiaries of the artificial intelligence boom — while snatching up software. Fund managers net sold US technology stocks for the third straight week, according to Goldman Sachs Group Inc.’s prime brokerage desk. Within tech, semiconductors and semiconductor equipment stocks […]