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NYSE trader: No way would I sell Apple or Amazon here—tech should bounce back

From the floor of the New York Stock Exchange, Matthew Cheslock joins Yahoo Finance’s Seana Smith to break down the latest market moves.

Here’s the performance of the Nasdaq 100 component stocks as of 2:00 pm EDT:

AVGO Broadcom Inc 7.48%
ULTA Ulta Beauty Inc 3.73%
EXPE(F) Expedia Grp Inc 3.45%
DISH DISH Network Corp Cl A 3.10%
ATVI Activision Blizzard Inc 2.10%
COST Costco Wholesale Corp 2.08%
LBTYA Liberty Global plc Cl A 1.86%
BMRN Biomarin Pharmaceutical 1.75%
EA Electronic Arts, Inc. 1.66%
LBTYK Liberty Global plc Cl C 1.61%
NTES Netease Inc Ads 1.43%
MELI Mercadolibre Inc 1.26%
STX Seagate Tech 1.17%
SBUX Starbucks Corp 1.13%
NFLX Netflix Inc 0.98%
MAR Marriott Int’l Cl A 0.94%
CMCSA Comcast Cl A 0.74%
MU Micron Tech 0.67%
CHTR Charter Communications Inc 0.59%
INTU Intuit Inc 0.54%
ADSK Autodesk, Inc 0.49%
EBAY eBay Inc 0.39%
QRTEA Qurate Retail Inc 0.39%
ADBE Adobe Systems 0.39%
VRSK Verisk Analytics Inc 0.37%
CELG Celgene Corp 0.37%
AMGN Amgen Inc 0.30%
TTWO Take-Two Interactive Software 0.29%
AAPL Apple Inc 0.24%
SNPS Synopsys Inc 0.24%
ESRX Express Scripts Hldg Co 0.18%
WYNN Wynn Resorts Ltd 0.09%
ORLY O’Reilly Automotive, Inc. 0.12%
CA CA Inc 0.11%
HSIC Henry Schein Inc 0.15%
WDAY Workday Inc 0.11%
NVDA Nvidia Corp 0.10%
CTSH Cognizant …read more […]

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Alibaba co-founder Jack Ma to retire – New York Times

Ma, one of China’s best known corporate leaders, will remain on the company’s board of directors and continue to mentor the company’s management, the New York Times said on Friday. Alibaba was not available for comment outside business hours. Alibaba, which was founded by 18 people led by Ma, now has more than 66,000 full-time employees, according to the company’s latest annual filing. …read more […]

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Jack Ma Plans to Step Down From Alibaba on Monday, NYT Says

Alibaba Group Holding Ltd. Chairman Jack Ma told the New York Times that he plans to step down from his role at the company on Monday, marking the end of an era at China’s e-commerce juggernaut. China’s richest man said that he would remain on Alibaba’s board of directors as he pursues philanthropic endeavors, the New York Times reported. Ma told Bloomberg earlier this week that he planned to retire and wanted to dedicate more of his time and fortune to philanthropy with the creation of a foundation in his own name focused on education, following in the …read more […]

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Alibaba co-founder Jack Ma to retire: New York Times

Ma was quoted as telling the paper he would step down on Sept. 10 to pursue philanthropy in education. Alibaba was not available for comment outside business hours. Ma, a former tour guide, English teacher and self-styled “China’s Forrest Gump,” would remain on the company’s board of directors and continue to mentor the company’s management, the New York Times said. …read more […]

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Alibaba co-founder Jack Ma to retire – New York Times

Ma was quoted as telling the paper he would step down on Sept. 10 to pursue philanthropy in education. Alibaba was not available for comment outside business hours. Ma, a former tour guide, English teacher and self-styled “China’s Forrest Gump,” would remain on the company’s board of directors and continue to mentor the company’s management, the New York Times said. …read more […]

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Apple says U.S. tariffs on China would hit ‘wide range’ of products

Apple does not disclose specific revenues for most of the affected products, but the Apple Watch may be the biggest seller. It brought in about $6.1 billion(4.72 billion pounds) in revenue last year, according to an estimate from analyst firm Bernstein, a small portion of Apple’s $229 billion in overall sales. …read more […]

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Apple says U.S. tariffs on China would hit ‘wide range’ of products

Apple does not disclose specific revenues for most of the affected products, but the Apple Watch may be the biggest seller. It brought in about $6.1 billion in revenue last year, according to an estimate from analyst firm Bernstein, a small portion of Apple’s $229 billion in overall sales. …read more […]

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Obama: 'Suddenly Deficits Do Not Matter'

Former President Barack Obama stepped back into the political fray on Friday, delivering a blistering rebuke of President Trump and the Republican Party while signaling how he plans to campaign on behalf of Democrats ahead of November’s midterm elections, which he called more important than any he could remember. Speaking at the University of Illinois Urbana-Champaign, Obama said Trump is “capitalizing on resentments that politicians have been fanning for years” and accused Republicans adopting a politics of fear and anger. “Over the past few decades, the politics of division and resentment and paranoia has unfortunately found a home …read more […]