Chip stocks posted their worst day in two months Monday, falling into correction territory, as the tech sector retreated with the broader market trading.
The Dow Jones Industrial Average tumbled 350 points intraday from its all-time high above 35,000 Monday, while shares of highflying technology companies swooned, pulling the Nasdaq Composite sharply lower.
Shares in BioNTech surged 7% on Monday, after the German biotech’s first-quarter earnings revealed a windfall of revenue and profit amid the global push to vaccinate against COVID-19.
The Biden administration on Monday said it hasn't offered advice to Colonial Pipeline about paying a ransom after it was victimized by an attack over the weekend.
State pension systems dropped the rate of return they assume for their investment portfolios again, continuing a two-decade long trend that public-finance experts say is necessary, even as it presents some challenges for the entities that participate...