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☆ IPO market freeze sparks 80% drop in Nasdaq listings
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +2 min

Dec 15 (Reuters) - Equity listings on the Nasdaq fell about 80% this year, as the appetite for new issues took a hit from extreme volatility in the stock market, sparked by the Federal Reserve's war on inflation. The U.S. central bank on Wednesday raised rates as expected, but rattled investors by saying rates would remain higher for longer. That has also weighed on technology IPOs, which generally form the bulk of U.S. listings. For the year, the technology-heavy Nasdaq index (.NDX) is down 28%, well below a 16.2% decline in the S&P 500 (.SPX) index and a 6.5% drop in blue-chip Dow Jones Industrial Average index (.DJI). read moreReuters GraphicsReporting by Mehnaz Yasmin and Akash Sriram in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ Apple stock’s recent weakness could stem from safety-seeking investors who are now fleeing
▼ + stars: | 2022-11-29 | by ( Michael Santoli | ) www.cnbc.com time to read: +3 min

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. We're not yet in breakdown mode, in other words, as the S & P 500 remains above its 20-day average (near 3,900). There's very much another value-over-growth tone: Month-to-date S & P 500 value is outperforming growth by three percentage points and by more than 20 so far this year. Breadth is positive despite the red S & P 500. VIX is hanging near 22, up off the low and very much in an inverse range to that of the S & P 500 for the past several months.

☆ Tech's reality check: How the industry lost $7.4 trillion in one year
▼ + stars: | 2022-11-25 | by ( Rohan Goswami | ) www.cnbc.com time to read: +14 min

Not one of the 15 most valuable U.S. tech companies has generated positive returns in 2021. In total, investors have lost roughly $7.4 trillion, based on the 12-month drop in the Nasdaq. In the war for talent and the free flow of capital, tech pay reached new heights. Loading chart...SPACs allowed companies that didn't quite have the profile to satisfy traditional IPO investors to backdoor their way onto the public market. A slowing IPO market informs how earlier-stage investors behave, said David Golden, managing partner at Revolution Ventures in San Francisco.

☆ A year out from Nasdaq's peak, it's been brutal for tech stocks and the pain's not over
▼ + stars: | 2022-11-18 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

"Leadership has shifted away from the tech sector and FANMAG. Two major challenges for tech names Clissold said the tech sector is facing two major challenges. Stockton said the peak in the Nasdaq last November was also the peak of its outperformance versus the S & P 500. The tech sector outperformed the S & P 500, but it was the materials sector that led the index higher, up about 19%. However, the S & P 500 has been up just 20%.

☆ Shares and pound splutter as UK dishes out budget gruel
▼ + stars: | 2022-11-17 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

[1/3] Pound and Dollar banknotes are seen in this picture illustration taken June 13, 2017. Pound and UK Gilt recover from 'mini budget' turmoilOvernight in Asia, grim signals from Micron Technology about excess inventories and sluggish demand sent chipmaker stocks sprawling. Mainland Chinese shares also wobbled, with blue chips there (.CSI300) falling 0.5% having ripped 10% higher this month. Traders will also scrutinise speeches from Fed officials on Thursday for hints about rate hikes. Crude oil steadied in Europe after settling more than a dollar lower overnight, following the resumption of Russian oil shipments via the Druzhba pipeline to Hungary and as rising COVID-19 cases in China weighed on sentiment.

☆ Chip stocks hammered in Asia, dollar firms on hawkish Fed
▼ + stars: | 2022-11-17 | by ( Kevin Buckland | Yousef Saba | ) www.reuters.com time to read: +4 min

TOKYO, Nov 17 (Reuters) - Chip stocks took a beating on Thursday, sending most Asian share indexes lower, after grim signals from Micron Technology overnight about excess inventories and sluggish demand. Meanwhile, the U.S. dollar rebounded after stronger-than-expected U.S. retail sales suggested the Federal Reserve was unlikely to ease up in its battle with inflation. Hong Kong's Hang Seng Index (.HSI) tumbled 2.1%, with its tech stocks (.HSTECH) slipping more than 4%. Japan's Nikkei (.N225) lost 0.3% and South Korea's Kospi (.KS11) dropped 1.1%, each led by declines in heavyweight chip players. The U.S. dollar index - which measures the currency against six major counterparts - added 0.13% to 106.41, stabilizing after a slide as low as 105.30 on Tuesday following the release of producer price inflation numbers.

Meanwhile, the U.S. dollar rebounded after stronger-than-expected U.S. retail sales suggested the Federal Reserve was unlikely to ease up in its battle with inflation. That fuelled concerns about the economic outlook, with the U.S. Treasury yield curve remaining deeply inverted in Tokyo trading and suggesting that investors are braced for recession. Hong Kong's Hang Seng Index (.HSI) tumbled 2.7%, with its tech stocks (.HSTECH) slipping more than 5%. Japan's Nikkei (.N225) lost 0.4% and South Korea's Kospi (.KS11) dropped 1.1%, each led by declines in heavyweight chip players. The U.S. dollar index - which measures the currency against six major counterparts - added 0.28% to 106.57, rebounding from a slide as low as 105.30 on Tuesday following the release of producer price inflation numbers.

☆ How the U.S. midterms could ripple through the stock market
▼ + stars: | 2022-11-07 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Regardless of the winner, past midterm elections have ushered in a period of positive market performance, something investors would welcome after a year in which the S&P 500 has declined by nearly 21%. The S&P 500 aerospace and defense index (.SPLRCAED) is up nearly 10% this year. HEALTHCAREPharmaceutical and biotech stocks may benefit in a Republican victory, after Democrats recently pushed through a law aimed at lowering prescription drug prices. The S&P 500 healthcare sector (.SPXHC) is down some 7% in 2022, while the S&P 500 pharmaceuticals index (.SPLRCCARG) is up about 1%. Therefore Republican victory in the House or Senate "probably means a legislative standstill, implying an incremental positive for the category," the said.

☆ With Fed over, the midterm election next week is new anxiety point for markets
▼ + stars: | 2022-11-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

After the bizarre Fed press conference yesterday, there was much chest-thumping from the punditry class loudly trumpeting how much they knew — just knew — that the move off the recent lows was nothing but a bear market rally. "A retest of the October lows, particularly Growth centric NDX [Nasdaq 100], becomes base case," Julian Emanuel, a senior managing director at Evercore ISI, said. For strategists and analysts, the psychological effect may be earnings estimates will continue to come down, something Haefele acknowledged. "We now expect global earnings per share to fall by 3% in 2023, versus the bottom-up consensus for 5% growth," Haefele said. While the November Fed meeting does clear away some uncertainty (the VIX dropped Wednesday), the election next week is the next anxiety point for the markets.

LONDON, Oct 7 (Reuters Breakingviews) - For Masayoshi Son the biggest question is not where to list Arm, but when. Son is leaning towards listing Arm in the United States, home of big tech companies like Apple (AAPL.O) and Tesla (TSLA.O). One option would be for Arm to list in London while offering American Depositary Receipts to U.S. investors. Take a selection of U.S. and European chip companies which play different roles across the supply chain: Nvidia, Advanced Micro Devices , Intel (INTC.O), Rambus (RMBS.O) and ASML (ASML.AS). Son said there were also requests to list Arm in London without elaborating on where they came from.

☆ Market's retreat to June lows 'might be faster than many anticipate,' says BTIG
▼ + stars: | 2022-09-22 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

The stock market could soon retest its June lows now that the S & P 500 has blown through some key support levels without signs of capitulation, according to BTIG. The S & P 500 is down about 5% in September, and roughly 8% since Sept.12. That could signal that the S & P 500 is on a collision course with its June lows, BTIG technical strategist Jonathan Krinsky said in a note to clients Wednesday evening. Given today's downside reversal and a continued lack of any capitulatory signals, we think the path to the June lows (3,640) might be faster than many anticipate," Krinsky wrote. Before this bear market is over our sense is that both of these may need to see some further pain," Krinsky wrote.

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