Stocks diverge as tech stocks dip
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AFP
AFP
New York (AFP) – Stock markets wavered on Wednesday, with tech shares falling and investors digesting President Joe Biden’s calls for tax hikes amid lingering worries over a worsening corporate profit outlook. In his annual State of the Union speech on Tuesday, Biden urged unity and touted a blue-collar economic resurgence, with proposals including a new minimum tax on billionaires. But US stocks spent the entire session in the red, with the S&P 500 closing down more than one percent. Analysts pointed to a weakening corporate earnings outlook due in part to worries over central bank actions. …