Tech Giants Propel Nasdaq Higher as Dow Jones and S&P 500 Also See Gains
Tech stocks led by Apple and Tesla drove Nasdaq up 0.8%, while Dow Jones and S&P 500 also gained, as investors await key labor market data for interest rate clues
Exploring Tech ETFs: Unveiling Opportunities for Investors in 2023 and Beyond
In this article, we explore the top-performing tech ETFs in 2023, unveiling opportunities for investors to capitalize on the remarkable gains in the tech industry. As businesses prioritize cybersecurity, the First Trust NASDAQ Cybersecurity ETF (CIBR) presents a compelling opportunity. At the same time, the Invesco S&P 500 Equal Weight Technology ETF (RYT) offers a diversified portfolio with mitigated concentration risks. The Invesco QQQ Trust (QQQ) provides exposure to the top-performing tech companies, and the Vanguard Information Technology ETF (VGT) emphasizes larger tech stocks. The Defiance Quantum ETF (QTUM) also focuses on transformative technologies like AI, machine learning, and quantum computing. By considering these tech ETFs, investors can diversify their portfolios and potentially reap substantial rewards in the ever-evolving tech landscape.
China tech shares sink as U.S. export curbs raise chip sector hurdles
Shares in Chinese tech giants Alibaba Group (9988.HK) and Tencent (0700.HK) as well as in chipmakers slumped on Monday, as investors were spooked by new U.S. export control measures aimed at slowing Beijing’s technological and military advances.
Apple to raise App Store prices in some countries in Europe, Asia
Apple Inc (AAPL.O) said on Tuesday it will raise prices of apps and in-app purchases on its App Store from next month in all of the euro zone and some countries in Asia and South America.
EXCLUSIVE EU will not appeal court ruling against $991 mln Qualcomm fine – sources
EU antitrust regulators will not appeal a court ruling scrapping its 997-million-euro ($991 million) fine against U.S. chipmaker Qualcomm (QCOM.O) because it would be difficult to convince Europe’s top court of the merits, people familiar with the matter said.
Foxconn starts to feel sting of slowing smartphone sales
Apple (AAPL.O) iPhone assembler Foxconn (2317.TW) gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom.
As US eyes new China chip curbs, turmoil looms for global market
Export restrictions being considered by Washington to halt China’s advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains – and hurting U.S. businesses.
Russia fines foreign firms for alleged data storage violations
A Moscow court said it had fined video streaming service Twitch, social network Pinterest, holiday rental company Airbnb and United Parcel Service (UPS) on Tuesday for refusing to store Russian citizens’ personal data in Russia.
Analysis: Swiss policy pivot signals exit for big stock and bond investor
From Silicon Valley shares to U.S. and European government bonds, securities that are already under heavy pressure stand to lose a major buyer as Switzerland ends its long-standing policy of recycling euros and dollars into foreign markets.
EU antitrust chief calls for global approach towards tech giants
Europe’s antitrust chief Margrethe Vestager, the architect of landmark rules to curb the power of U.S. tech giants, called on Thursday for a global approach towards Big Tech to prevent companies taking advantage of enforcement gaps.
