Snapchat Parent Posts Huge Loss, Misses Expectations After IPOSnap, the company behind the Snapchat app popular with young people, says revenue grew sharply, but it had a large net loss related to its initial public offering of stock.
Snapchat Parent Company Up 44% In Wall Street DebutThe company behind Snapchat closed on a high note in its Wall Street debut, proof, at least for a day, that there's investor demand for young but still unproven tech companies.
Dow Jones Closes Above 20,000 For First TimeThe Dow Jones industrial average closed above 20,000 points for the first time, the latest milestone in a record-setting drive for the stock market.
Tech Giants Hit Hard; Dow Drops More Than 390 PointsDow Jones tumbled more than 500 points during Friday's trading session, dropping below 16,000 points as the financial markets suffered another day of setbacks with many Silicon Valley stocks losing value.
All Eyes Focuses On Chinese Stock MarketThe Dow is on pace to lose 1,000 points this week as Wall Street sinks under the weight of China, with the world’s second largest economy showing increasing signs of weakness.
Apple Stock Slumps Amid iPhone Sales WorriesApple fans keep buying iPhones, but Wall Street keeps worrying the company won't be able to match last year's blistering sales pace.
Valley Stocks Hit Hard By Wall Street Sell-OffA sell-off triggered by weak Chinese manufacturing data and escalating tensions in the Middle East sent shares of Silicon Valley stocks tumbling Monday with Netflix falling nearly 7 percent in value, Yahoo nearly 6 percent, Twitter nearly 4 percent and Facebook dropping more than 3 percent in midday trading.
Square Discounts Stock To $9 A Share To Complete IPOMobile payments processor Square had to sell its stock at a deep discount to complete its initial public offering, a concession signaling that investors are becoming wary of once-hot startups that haven't proven they can make money.
Stock Market Rebounds, Biggest Gain In 7 YearsThe Dow Jones industrial average soared more than 600 points Wednesday, its biggest gain in seven years.
Apple's Stock Cuts Losses After CEO Emails CNBC Host On China BusinessApple shares helped lead the stock market on a steep dive Monday morning, but the tech giant made a partial recovery after CEO Tim Cook assured a popular Wall Street commentator that his company is still doing well in China.
Realtors Worry Downturn In Chinese Economy Could Cool Red-Hot Bay Area Real Estate MarketSome of the most bullish local realtors have been flinching as markets on both sides of the Pacific have plunged.
Google Shareholders Receive $65.1 Billion Windfall In Friday TradingGoogle's stock roared out of a long slumber Friday to produce the biggest shareholder windfall in U.S. history as investors rewarded the Internet company for promising to curb its spending on risky projects.