*By Carlo Versano*
What the market giveth, the market taketh away...or does it?
After coming out of the gate roaring Friday morning, the Dow Industrials gave back 400 points worth of gains and turned negative midday. But just a few minutes later, around 1:10 pm ET, the index was back up triple digits. The tech-heavy Nasdaq was up about 1.4 percent.
While stocks were well off their highs of the day, tech names, which saw some of the biggest losses over the previous two days, were largely higher Friday. Four of the so-called FAANG stocks ー Apple ($AAPL), Amazon ($AMZN), Netflix ($NFLX), and Google parent Alphabet ($GOOGL) ー added a combined $67 billion back to their collective market cap. The only one that was down was Facebook ($FB), which provided an update to the data breach announced last month, saying attackers stole data from 29 million users.
Trading was once again choppy amid a mounting heap of concerns over the global economy, trade tensions, interest rates, and a slowdown in tech.
The major indexes are on pace for their worst week since March.
Tax season is here and the IRS will begin accepting and processing returns Monday.
When cannabis retail store Smacked Village opens its doors to the public Tuesday morning, it will be the Empire State’s second, licensed, adult-use cannabis retail store. But it also claims a lot of firsts.
Candy-maker Mars said it's replacing M&M's beloved spokescandies after criticism over their rebranded looks.
Merriam-Webster bought Quordle, a game similar to the hit Wordle.
Amazon is launching a dedicated cargo fleet in India as it expands in a key market.
Netflix is teaming up with Bumble on a new trivia game within the dating app.
The price of eggs continues to increase and smuggling from Mexico has been reported by U.S. customs officials.
Elon Musk took the stand Monday at his securities fraud trial and testified Saudi Arabia's sovereign wealth fund wanted to take Testa private.
Some of the country's biggest banks are reportedly teaming up to offer a digital wallet to compete with Apple Pay and PayPal.
Microsoft announced an extended multi-year, multi-billion partnership with OpenAI, the parent company of ChatGPT.
