Wall Street closes lower as inflation fears prompt tech sell-off
* Electric vehicle shares drop after Workhorse miss. * Indexes down: Dow 0.10%, S&P 1.04%, Nasdaq 2.55%. NEW YORK, May 10 - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs."The market leader
Believe that the covid impact is not yet finished, coupled with pressure by gov. Still might fall further so good to ave in.
Most of China tech stocks fell, while JPMorgan says they are in a ‘good buying spot’
Most of China tech stocks fell in premarket trading, while JPMorgan says China tech stocks are in a ‘good buying spot’ despite regulatory crackdown.JPMorgan Asset Management is bullish on Chinese technology stocks even though regulators are cracking down on internet giants in the mainland.Howard Wang, head of Greater China equities at JPMorgan Asset Management, said the regulatory clampdown poses uncertainties in the near term. But in the longer term, Chinese tech companies still have the pote