Hedge funds bought big tech stocks to end four-week decline in the S&P 500 tech index

The Zhitong Finance App learned that hedge funds continued to maintain their risk appetite for technology stocks last week and purchased companies in the industry at the fastest rate in more than a year. Technology stocks last week had their biggest net buying since December 2022, according to data compiled by Goldman Sachs Group's brokerage business. This trend is mainly driven by long positions and short buybacks. According to information, the S&P 500 technology index rose 5.1% last week, ending the longest four-week downward trend since September. Although the index declined for most of April due to concerns about the Federal Reserve's high interest rate policy, hedge funds have been in the industry for the fourth week in a row

Zhitong Finance58minutes ago

US stocks closed | Tech stocks supported US stocks higher, Tesla surged more than 15%

The three major US stock indexes rose twice in a row. After the Ministry of Finance announced loan forecasts for the second quarter, the S&P index fell; the China Securities Index rose six times in a row, NEV stocks rose sharply, Ideal Auto closed up more than 7%, and Baidu rose more than 5%.

wallstreetcn18:59 ET

Express News | "Google Is Working More Closely With Media Partners, Including Paramount, Warner Bros. Discovery And NBCUniversal, And Developing Generative AI That Can Create Target Audiences For Campaigns And Manage Ad Spend" - AdAge

Benzinga12:53 ET

Alphabet-A Options Spot-On: On April 29th, 362.62K Contracts Were Traded, With 3 Million Open Interest

On April 29th ET, $Alphabet-A(GOOGL.US)$ had active options trading, with a total trading volume of 362.62K options for the day, of which put options accounted for 32.13% of the total transactions, an

moomoo News16:30 ET

S&P 500 Companies' Latest Quarterly Results Mixed so Far, Oppenheimer Says

S&P 500 companies' quarterly financial results have been mixed so far in the current reporting cycle, with signs of both "strength and softness," Oppenheimer Asset Management said Monday. The brokerag

MT Newswires15:35 ET

What's Going On With Super Micro Computer Stock Ahead Of Earnings?

Super Micro Computer, Inc. (NASDAQ:SMCI) shares are trading higher Monday, and the stock is up more than 20% over the past five days.What To Know:Shares of semiconductor companies rose last week follo

Benzinga14:28 ET