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This comes after a rally this comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. Index slipped by 1. 5%. One of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, and wall street will also have to contend with seasonal headwinds, as september has historically been a challenging month for stocks. In other news china has announced a probe of canadian a former edge of the governor of new york has pleaded not guilty to acting as a chinese trade and technology partn| ....
Seems to be reducing. But there are also concerns about the wider us economy that led to a wider selloff on us markets, as ritika gupta explains. The snp 500 saw its biggest slide since an early august meltdown, ending the session down 2%. This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The nasdaq index closed down by 3%, while the dowjones index slipped by 1. 5%. One of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, which ....
LONDON (Reuters) -Barclays reported a 12% fall in first quarter profit on Thursday, as a squeeze on UK mortgage pricing, lower income from trading and a drought of M&A fees showed the difficulties it will face in delivering its first strategic revamp in a decade. The British bank reported pretax profit for the January-March period of 2.3 billion pounds ($2.84 billion), down from 2.6 billion pounds a year ago and narrowly above analysts' forecasts for 2.2 billion. Barclays is bidding to restore investor faith in its universal banking business model, after years of share price underperformance, clashes with activists over the role of its investment bank, and management turnover. ....
The US auto conglomerate, the General Motors Company, posted a fourth quarter profit on Monday that was above the same period a year before and beat Wall Street estimates. The company's bottom line came in at $2.10 billion, or $1.59 per share. This compares with $2.00 billion, or $1.39 per share, in last year's fourth quarter. Excluding items, General Motors Company reported adjusted earnings of $1.24 per share for the period. Analysts on average had expected the company to earn $1.16 per share, ....