Dow drops more than 100 points as Huawei fallout drags down tech [CNBC]
Prudential Financial, Inc. (PRU)
Last prudential financial, inc. earnings: 2/4 04:18 pm
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Source: CNBC
Dow drops more than 100 points as Huawei fallout drags down tech Stocks fell on Monday as the intensifying fallout from a U.S. crackdown on Huawei pressured the technology sector. The Dow Jones Industrial Average declined by 139 points as Apple lagged. The S&P 500 pulled back 0.7%, with the tech sector dropping 1.9%. The Nasdaq Composite fell 1.6%. Alphabet's Google has suspended business with Huawei that involves transferring hardware, software and other technical services. The U.S. search giant's decision follows President Bloomberg News "If this remains enforced, it's going to create some opportunity, but clearly companies are working with their compliance departments to get out of the way of this Huawei situation," said Quincy Krosby, chief market strategist at Prudential Financial. That's difficult because "Huawei has its tentacles in so many parts of technology sector. That's why this is not a one-day event."
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PRU
Earnings
- 2/6/24 - Miss
PRU
Sec Filings
- 3/22/24 - Form 3
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- PRU's page on the SEC website