It is a rough day for growth technology investors. So-called FANG stocks lost $88.4 billion in stock value Tuesday. FANG stocks are a basket of high-growth technology stocks — Facebook, Amazon, Netflix and Alphabet (formerly known as Google) that have led the bull run of the last 9 years. Facebook, …

US Marine Corps photo A Sikorsky helicopter lands near Marines with Fox Company, 2nd Battalion, 8th Marines, Regimental Combat Team 7, and Afghan National Security Forces provide security during Operation Nightmare in Nowzad, Afghanistan, June 6, 2013. Top defense companies’ shares declined Tuesday, erasing earlier gains, amid a broader market …

Michael Nagle | Bloomberg | Getty Images Traders work during the Pivotal Software Inc. initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, April 20, 2018. “You’ve got a market that’s getting different tones in conference calls and in …

Akio Kon | Bloomberg | Getty Images Daniel Ek, chief executive officer and co-founder of Spotify AB Spotify is launching a new free service that lets users pick and choose songs off of selected playlists. The company announced the update to its free service on Tuesday at an event in …

Getty Images President Donald Trump answers reporters’ questions during a joint news conference with French President Emmanuel Macron in the East Room of the White House April 24, 2018 in Washington, DC. Trump called Jackson a “high-quality person” and added “he’ll be making a decision.” He said he talked to …

The yield on the benchmark 10-year Treasury note hit the key psychological level of 3 percent Tuesday for the first time since January 2014. The yield on the two-year Treasury note also set a multiyear record Tuesday, topping 2.5 percent for the first time since September 2008. The yield inched …

Daniel Acker | Bloomberg | Getty Images 3M’s Scotch brand tape on display for sale at a supermarket in Princeton, Illinois. Shares of multinational giant 3M dropped more than 7.8 percent Tuesday after the company lowered its 2018 earnings guidance. The maker of thousands of products for consumers and businesses …

One veteran industry analyst believes TSMC’s poor guidance is a precursor to a chip sector and stock market drop. “TSM’s warning this A.M. likely puts the kibosh on the semiconductor (SOX) rally. SOX is a leading indicator for overall stock market and has been rock-solid (relative strength) past 2 yrs. …

Kevin Lamarque | Reuters French President Emmanuel Macron (L) looks on as U.S. President Donald Trump speaks during their meeting in the Oval Office at the White House in Washington, April 24, 2018. President Donald Trump on Tuesday said the United States could soon reach a deal with France that …

If Gundlach’s right and rates keep moving higher over the next three months, Goldman Sachs, Visa and Apple could be winning plays, if history is any guide. Those three were big past winners in the Dow Jones industrial average during three-month periods of rising rates, at least doubling the return …