Brand PC vendors continue to cut back orders amid high inventory levels, and may fail to see their shipments pick up until the second half of next year, according to industry sources.
The CNN Money Fear and Greed index moved to the "fear" zone after the Dow Jones dipped more than 1,000 points on Friday following Powell’s comments.
Fed Chair Jerome Powell, at the Jackson Hole symposium, said the Federal Reserve’s goal remains getting inflation back down to a goal of 2%.
Gainers
Micro Focus International plc (NYSE: MFGP) shares surged 92% to close at $6.01 on Friday after the company reached an agreement with OpenText to be acquired for $6 billion.
Dell Technologies Inc (NYSE: DELL) reported on Thursday mixed results for its second quarter, with an earnings beat but revenue short of Wall Street expectations.
Morgan Stanley On Dell Technologies