Wall St. ends down with fall in tech shares
STORY: U.S. stocks ended lower on Tuesday as investors weighed comments from a top U.S. regulator on struggling banks and sold shares of technology-related names after their recent strong run.
The Dow and S&P 500 both closed down fractionally, while the Nasdaq shed half a percent.
[MICHAEL BARR]: “I think it's terrible risk management, obviously…”
Michael Barr, the Federal Reserve's top banking regulator, told a Senate panel that Silicon Valley Bank did a "terrible" job of managing risk before its collapse.
The KBW regional banking index was down on the day, while shares of First Citizens Bank were up slightly, a day after the stock rose more than 50% after it said it would acquire the deposits and loans of Silicon Valley Bank.
Higher Treasury yields also weighed on tech shares, with Apple and Microsoft among the biggest drags on the S&P 500.
But Ryan Belanger, Managing Principal and Founder of Claro Advisors, says he remains bullish on Big Tech.
“These companies are making money, they're talking about being efficient, they know what investors want to see. [FLASH] We like the big tech. We're going to stick with them. If they continue to sell off, we'll buy more.”
In other movers, Alibaba Group jumped after the company said it plans to split its business into six main units covering e-commerce, media and the cloud.
相關影片推薦
- 23:55地震搖不停 台積電員工聽到公務機鈴聲《台積心靈捕手》響起 半夜也要去 熊本廠日本員工只走SOP 台人扛重擔|鏡轉全球鏡新聞67,891 次觀看・18 小時前
- 接行政院秘書長一職 龔明鑫曝徵詢過程 台灣未來二十年發展仍樂觀!「下階段是數位、淨零轉型」【齊有此理】齊有此理70,466 次觀看・2 天前
- 3:31追不到砍她176刀致命 王鴻偉拖15年未槍決華視影音334,475 次觀看・3 天前
- 1:54謝金燕登中國綜藝 經典歌曲「姐姐」征服全場|#鏡新聞鏡新聞153,297 次觀看・3 天前
- 1:51金三角商圈變空城! 富凱大飯店旁上百家店被迫停業東森新聞影音5,320 次觀看・19 小時前
- 1:30嗆中駐美大使「雙手沾血」! 哈佛學生遭起底是台灣人|#鏡新聞鏡新聞187,177 次觀看・1 天前
- 1:45地震3棟倒塌大樓都在"米崙斷層"上 專家:只是巧合民視影音7,513 次觀看・22 小時前
- 3:10王彩樺哭著「求饒放過小燕姐 孟耿如」 怒轟黃子佼牽連周遭所有人娛樂星聞26,126 次觀看・17 小時前
- 2:07餘震不斷!東華宿舍寢室天花板砸落 學生急撤離華視影音5,514 次觀看・20 小時前
- 1:56南拳媽媽觸摸抹香鯨被炎上 當地粉專"直接點名台灣人"民視影音15,893 次觀看・22 小時前
熱門必看
- 2:47唐綺陽運勢 / 本週星座運勢:4/22~4/28一周星象預報!適逢節氣交替,多注意身體健康!唐綺陽談星室44,516 次觀看・5 天前
- 8:18精華|12星座女孩的專屬療傷情歌!天秤連分手都要很美!?唐綺陽談星室27,334 次觀看・6 天前
- 0:25香菜控一定要來!這個香腸直接大加分板橋Edenx食旅4,259 次觀看・1 天前
- 23:232024北海道巴士旅✨阿寒湖、釧路夢幻雪景不自駕也能去|幣舞橋、釧路和商市場、勝手丼、釧路濕原、阿寒湖、鶴見台、釧路漁人碼頭MOO、北海道壽司|北海道道東・Japan 4K vlog吉田社長交朋友3,855 次觀看・2 天前
- 14:01邱宇辰、黃宏軒演出腐女心中的幻想!超禁忌兄弟戀讓唐老師興奮到模糊!?Ep.215-1唐綺陽談星室39,790 次觀看・2 天前