Microchip Technology (MCHP) closed the most recent trading day at $97.65, moving -1.56% from the previous trading session. This change was narrower than the S&P 500’s 2.37% loss on the day. Elsewhere, the Dow lost 1.92%, while the tech-heavy Nasdaq lost 3.02%. Prior to today’s trading, shares of the chipmaker […]
TECHNOLOGY SECTORS
Declines Were Led by Value-Oriented Sectors as Opposed to Technology Stocks
The major U.S. stock indexes finished lower on Monday as concerns about new coronavirus restrictions and lockdowns in Europe and possible delays in fresh fiscal stimulus from Congress raised fears the U.S. economy faces a rockier road to recovery than previously hoped for. Bad news for broad-based investors, in contrast […]
Stocks Close Sharply Lower as Tech Sector Takes Another Hit | Business News
By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA, AP Business Writers Wall Street experienced more whiplash Wednesday as stocks closed broadly lower, wiping out the market’s gains from the day before. The S&P 500 fell 2.4% after giving up an earlier gain. The selling, which accelerated in the afternoon, […]