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Tech Stock Selloff Rages On After U.S. Attacks Iran
Barrons.com70d agobearish
Tech Stock Selloff Rages On After U.S. Attacks Iran

The market looked set to drop again on Wednesday as investors continued to ditch some of the artificial-intelligence stocks that up until last week had been powering a seemingly unstoppable rally. The S&P 500 and the Nasdaq both closed lower on Tuesday as investors took some profit following a strong run for tech. The U.S. launched military strikes on Iran on Tuesday in retaliation for the downing of a helicopter near the Strait of Hormuz, fueling fears about whether the cease-fire between the two countries can hold.

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Rob Arnott: Will SpaceX Create The Biggest Bubble Ever?
etf.com70d agoneutral
Rob Arnott: Will SpaceX Create The Biggest Bubble Ever?

<p>The SpaceX IPO is almost here and will bring significant change with it for retail and institutional investors alike. Research Affiliate’s Rob Arnott offers his thoughts on the impact of SpaceX on passive portfolios, the bubble it will likely create, and ways advisors and investors can navigate the opportunities and pitfalls. </p>

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S&P 500, Nasdaq fall as tech selling resumes
Reuters Videos70d agobearishVIDEO
S&P 500, Nasdaq fall as tech selling resumes

<body><p>STORY: U.S. stocks closed mostly lower on Tuesday, though the blue-chip Dow bucked the trend with a slight gain, while the S&P 500 shed about a quarter of a percent and the Nasdaq dropped almost one percent.</p><p>The VIX volatility index hit its highest level since April 7 during the session as stocks sold off.</p><p>Jason Browne is president of Alexis Investment Partners.</p><p>"Its been a wild ride for stocks today. We opened actually positive. We had S&P 500 go up and touch its 20-day moving average and then immediately reverse. And so we have at the moment what looks like a key reversal day. In other words, we exceeded the prior day's highs and then we sold off and we actually exceeded the prior day's lows."</p><p>Technology stocks resumed Friday's selloff following a bounce on Monday. The S&P 500 tech index fell more than 4% before paring losses. The Philadelphia Semiconductor Index dropped as much as 8.6% after rising 3% in early trading.</p><p>:: SpaceX</p><p>SpaceX's market debut on Friday could also be a hurdle for stocks as investors worry about possible overexuberance among high-growth tech stocks.</p><p>:: Archive</p><p>Meanwhile, President Donald Trump wrote in a social media post that Iran had shot down the U.S. Apache helicopter that was patrolling the Strait of Hormuz overnight.</p><p>Trump vowed to respond, which added to doubts about prospects for a truce in the Middle East war.</p></body>

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