BEAMSTART Logo

Tech stock sell-off wipes out Wall Street’s October gains

Financial Times LogoFinancial Times12h ago

Tech stock sell-off wipes out Wall Street’s October gains - Financial Times

Quick Summary:

The market moves come just days ahead of next Tuesday’s US presidential election, where Kamala Harris and Donald Trump have vied to convince voters that their policies represent better stewardship of the economy and in turn a better outcome for markets.

The more optimistic take on the economic outlook has been one contributing factor to a sell-off in US government bond markets, which in turn has pushed Treasury yields and the dollar to their highest levels in about three months.

Although Thursday’s decline set US markets up to end October on a down note, the months-long rally had pushed the S&P 500 and Nasdaq to record closing highs during the month.


More Pictures

Tech stock sell-off wipes out Wall Street’s October gains - Financial Times (Picture 1)

or

Article Details

Author / Journalist: Peter Wells

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 18:42:55 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 517 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23353319

View Article Analysis

About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 10 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Tech stock sell-off wipes out Wall Street’s October gains" has 517 words across 21 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Tech stock sell-off wipes out Wall Street’s October gains" was covered 12 hours ago by Financial Times, a news publisher based in United States.

How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news.

The outlet is headquartered in United States and publishes an average of 10 news stories per day.

It's most recent story was published 10 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #23353319
  • URL: https://beamstart.com/news/tech-stock-sell-off-wipes-17304015006905

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.