Tag: Tech News Digest


  • HMG Strategy Market Update and Tech News Digest

    HMG Strategy Market Update and Tech News Digest

    Stocks Slide on Strong Jobs Report Sometimes even good news can have unintended consequences. All three major indices dipped after an unexpectedly strong jobs report. “U.S. stocks slid Friday as investors digested a stronger-than-expected jobs report and rising rates … Hiring in the U.S. remained elevated in May. Nonfarm payrolls added 390,000 jobs last month,…

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  • HMG Strategy Market Update and Tech News Digest

    HMG Strategy Market Update and Tech News Digest

    Tech Stocks Rise as Inflation Fears Ease Stocks rose this morning as inflation fears eased modestly. Tech stocks were early leaders in the rebound. “Stocks were higher Friday as the Dow Jones Industrial average was on pace to snap an eight-week losing streak. The Dow climbed 52 points, or 0.2%. The S&P 500 gained 0.8%…

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  • Surging Bond Yields Hit Tech Stocks Especially Hard

    Surging Bond Yields Hit Tech Stocks Especially Hard

    Global equity markets continue to struggle as investors react to more waves of unwelcome news, while surging bond yields have sent tech stocks reeling. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all sank yesterday. The markets rebounded this morning, however, after Treasury yields eased from their previous highs. “Higher bond yields make…

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  • HMG Strategy Market Update and Tech News Digest

    HMG Strategy Market Update and Tech News Digest

    Market Sell-Off Continues Despite Solid Jobs Report Financial markets continue to slide, despite a healthy jobs report and relatively strong consumer demand. Nonfarm payrolls grew by 428,000 in April, exceeding the Dow Jones estimate of 400,000 new jobs. “Stocks lost ground on Friday morning, continuing their slide after the Dow Jones Industrial Average posted its…

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  • HMG Strategy Market Update and Tech News Digest

    HMG Strategy Market Update and Tech News Digest

    A Rough Month for Tech Stocks Tech stocks took a beating this month, despite continuing global demand for technology-related products and services. “U.S. stocks fell Friday with the S&P 500 on pace for the worst month since March 2020, as Amazon became the latest victim in the technology-led sell-off. The S&P 500 retreated by 1.5%,…

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  • HMG Strategy Market Update and Tech News Digest

    HMG Strategy Market Update and Tech News Digest

    Good News for Investors: Earnings Season Generally Tends to Boost Markets Although it seems counterintuitive, the combination of tighter monetary policy and the release of company earnings may boost stock returns.  “With first-quarter earnings season about to get underway, many investors are worried that budding economic uncertainty caused by high inflation and Federal Reserve rate…

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  • HMG Strategy Market Update and Tech News Digest

    HMG Strategy Market Update and Tech News Digest

    Musk Opens New Tesla ‘Giga’ Plant Tesla CEO Elon Musk has opened the automaker’s new high-volume Giga plant in Austin.  “Speaking to more than 1,000 invited guests and fans of the brand packed into the sprawling facility for what Tesla called a ‘Cyber Rodeo’ late Thursday, Musk said the plant will produce at least 500,000 vehicles…

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  • HMG Strategy Market Update and Tech News Digest

    HMG Strategy Market Update and Tech News Digest

    Stocks Rise Slightly After Jobs Report Stocks rose modestly in early trading this morning, helped by a jobs report that was only slightly below expectation. “Stocks rose Friday as investors assessed a new quarter of trading and a troublesome bond market recession indicator … Wall Street is fresh off its first negative quarter in two…

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  • HMG Strategy Market Update and Tech News Digest

    HMG Strategy Market Update and Tech News Digest

    Stocks Mixed After Three-Day S&P 500 Rally Stocks were mixed this morning as investors weighed uncertainty over unfolding events in Europe, concern over inflation and nagging worries about ongoing supply chain challenges.  “U.S. equities were mixed on Friday following a three-day rally for the S&P 500 that put the equity benchmark on pace for its…

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  • HMG Strategy Market Update and Tech News Digest

    HMG Strategy Market Update and Tech News Digest

    Markets Unsettled on Hopes of Ukraine Ceasefire; Putin Hints at Progress in Talks Financial markets rose Friday morning to hints from Russian President Vladimir Putin that progress had been made in talks between Russia and Ukraine, only to sink later in the day. “The Dow Jones Industrial Average rebounded on Friday – but is heading…

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