Tumbling tech stocks drag Wall Street to the finish line of another losing week [Los Angeles Times (CA)]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Los Angeles Times
The Standard & Poor's 500 index dropped 0.9% to close out its third straight losing week. That's its longest such streak since September, before it broke into a romp that sent it to a string of records this year. The Nasdaq composite sank 2%. The Dow Jones industrial average, which has less of an emphasis on tech, was an outlier and rose 0.6%. The market's worst performers included several stocks that had been its biggest stars. Super Micro Computer dropped 23.1%. The company, which sells server and storage systems used in AI and other computing, had soared nearly 227% for the year coming into the day. Nvidia, another stock that has surged to dizzying heights during Wall Street's frenzy around artificial-intelligence technology, also gave up some of its big recent gains. It slumped 10% and was the heaviest single weight on the S&P 500, by far, because of its huge size. Tech stocks in the S&P 500 broadly lost 7.3% this week for their worst performance since March 2020 as some
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SPGI
Earnings
- 4/26/24 - Miss
SPGI
Sec Filings
- 4/26/24 - Form IRANNOTICE
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- SPGI's page on the SEC website