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AP News | Equities.com |

The stock market closed out its worst week in more than two months Friday as a second straight day of turbulent trading ended with more losses.

The S&P 500 fell 0.8% after clawing most of the way back from a 3.1% skid earlier in the day. Another slide in technology stocks, which led the selling a day earlier, pulled the market sharply lower for much of the day, though the selling eased by late afternoon.

The two-day sell-off handed the benchmark index its first weekly loss after five weeks of gains. Earlier in the week, the S&P 500 was notching all-time highs and posting its biggest increases in nearly two months.


AP News | Equities.com |

Apple is delaying a new privacy feature in the next version of its iPhone operating system that will make it more difficult for app makers to track people online to help sell digital ads.

The decision outlined Thursday affects iOS 14, which is expected to be released as a free software upgrade to roughly a billion iPhone users later this month. Apple intended iOS 14 to automatically block tracking as soon as it came out, but the ...


AP News | Equities.com |

Wall Street’s euphoria took a break Thursday, as steep losses in technology stocks dragged the rest of the market down with them.

It was the biggest decline for the U.S. stock market since early June, when investors were dealing with a surge of coronavirus infections in places like Florida, Texas and Arizona. There seemed to be no explicit catalyst for the sell-off, with economic data coming in roughly where the market had expected and no companies issuing foreboding warnings.

That said, the market felt due for a breather, investors said. Both the S&P 500 and Nasdaq hit record highs just the day before. Prior to Thursday, the S&P 500 had risen nine out of the previous 10 days.


Reuters | Equities.com |

Google urged the European Commission on Thursday to avoid a one-size-fits-all approach to the tech industry in its forthcoming Digital Services Act.

The EU executive is drawing up new rules for data-sharing and the digital marketplace as well as boosting competition after concluding that multiple antitrust actions against Google have been ineffectual.

The Commission’s public consultation period ends on Sept. 8.

In a blog post...


AP News | Equities.com |

The Dow Jones Industrial Average surged more than 450 points Wednesday as the stock market notched its best day in nearly two months.

The S&P 500 rose 1.5%, it’s best day since July 6. The benchmark index and the Nasdaq composite each hit new highs, extending Wall Street’s milestone-setting run in recent weeks.

Health care, technology and communications companies drove the rally. Technology stocks, which have led the market’s rebound this year, briefly stumbled in the early going, but gained strength into the afternoon. Energy companies fell as oil prices closed lower. Treasury yields were mixed.


Reuters | Equities.com |

Intel Corp on Wednesday unveiled “Tiger Lake,” the 11th generation version of its flagship chip for laptops that it hopes will help it regain lost market share and counter forthcoming Apple Inc machines with Apple-designed chips.

Intel said the chips use a new manufacturing technique and other tweaks that make them more powerful at tasks such as using artificial intelligence to reduce background noise during video calls.


AP News | Equities.com |

Wall Street kicked off September with another set of milestones Tuesday, as an afternoon rally carried the S&P 500 and Nasdaq composite to all-time highs.

The S&P 500 bounced back from a modest loss in the early going to finish 0.8% higher a day after the benchmark index wrapped up its fifth monthly gain in a row. More strength in technology stocks and solid gains in retailers and other companies that rely on consumers offset declines in health care companies and elsewhere in the market. Treasury yields fell.


Reuters | Equities.com |

Amazon.com Inc’s drone service has received federal approval that will allow the company to begin testing commercial deliveries through its drone fleet, the e-commerce giant said on Monday.

Amazon Prime Air, the company’s special service delivering packages in 30 minutes or less, has been approved by the U.S. Federal Aviation Administration (FAA) to test delivering orders using autonomous drones.

The company joins Alphabet Inc’s unit Wing a...


Reuters | Equities.com |

China’s new rules around tech exports mean ByteDance’s sale of TikTok’s U.S. operations could need Beijing’s approval, a Chinese trade expert told state media, a requirement that would complicate the forced and politically charged divestment.ByteDance has been ordered by President Donald Trump to divest short video app TikTok in the United States amid security concerns over the personal data it handles.

Microsoft Corp and Oracle Corp are among th...


AP News | Equities.com |

More blowout profit reports from big tech companies pushed the S&P 500 to an all-time high Wednesday.

The benchmark index rose 1%, even though most of the stocks within it closed lower. Technology stocks accounted for the lion’s share of the gains, outweighing losses in health care, utilities, energy and other sectors.

The S&P 500 has been notching record highs this month, adding to its remarkable turnaround this year from a nearly 34% skid this spring as the pandemic ravaged the economy. While the market’s movements have remained almost relentlessly upward in recent weeks, powered largely by big technology stocks, its momentum has slowed. Recent data reports have shown a mixed picture on the economy, where activity has largely slowed following its initial rebound from its plummet into recession.