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Wedbush Securities managing director Dan Ives advised investors to stick with technology stocks despite the potential valuation crunch that could happen as the Federal Reserve raises interest rates."This is not the time to throw in the white towel on tech," he told CNBC on Friday.Calling the current era "a fourth industrial revolution," Ives backed such stocks as $CyberArk Software $, $Palo Alto Networks $, $Zscaler $, $NVIDIA $ and $Apple $."This is an opportunity, not the start of a downtrend

- Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&P 500 and Nasdaq.The S

The main event for investors this week will be the Federal Reserve’s rate-setting committee’s last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.The Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.Earnings reports this week are few, but will include Campbell Soup on Tuesday;Lennar,Accenture,FedEx,Rivian Automotive, and Adobe on Thursday; and

The IPO market is expected to stay relatively quiet in the week ahead with three IPOs scheduled to r

Funds and researchers are scrutinized by Justice Department. Inquiry seeks information on trading in several dozen stocks. The U.S. Justice Department has launched an expansive criminal investigation into short selling by hedge funds and research firms, scrutinizing their symbiotic relationships and hunting for signs that they improperly coordinated trades or broke other laws to profit, according to people familiar with the matter.The probe, run by the department’s fraud section with federal pro

Deutsche Bank's Chris Woronka said his 'unemotional analysis' suggests the at-home fitness company's

U.S. stock index futures gains as headline number for jobs report comes in lighter than expected.At 8:34 a.m. ET, Dow e-minis were up 121 points, or 0.35%, S&P 500 e-minis were up 20.5 points, or 0.45%, and Nasdaq 100 e-minis were up 103.25 points, or 0.65%.The U.S. economy created far fewer jobs than expected in November, before a new Covid threat created a scare that growth could slow into the winter, the Labor Department reported Friday.Nonfarm payrolls increased by just 210,000 for the month

Dow notches worst day for blue chips since Oct. 28, 2020, FactSet data show U.S. stock benchmarks su