Analysis: No profits? No problem for red hot tech IPOs

Remember "irrational exuberance," the phrase coined by former Federal Reserve chairman Alan Greenspan to describe soaring stocks in the mid-1990s? Welcome to irrational exuberance 2.0.

News: What you need to know about the markets     Analysis: No profits? No problem for red hot tech IPOs Remember "irrational exuberance," the phrase coined by former Federal Reserve chairman Alan Greenspan to describe soaring stocks in the mid-1990s? Welcome to irrational exuberance 2.0. Read more »   GE misled investors before its stock imploded, SEC says General Electric misled shareholders about the deterioration of its insurance and power businesses in the years before its stock price imploded, according to the Securities and Exchange Commision. Read more »   The market has rarely been this expensive — and nobody cares Stocks are near record highs, with the market trading at levels last reached during the 1999-2000 tech bubble and just before the historic 1929 crash. And yet investors seem unconcerned. Read more »   Big Tech's dominance is under threat. Do investors care? Big Tech's stranglehold on America's economy and markets has become a fact. But increasingly, it's not a given. Read more »   US unemployment claims hit their highest level since mid-September Another 853,000 Americans filed for first-time unemployment benefits last week on a seasonally adjusted basis, the Labor Department reported Thursday. Read more »   Ben & Jerry's creates Colin Kaepernick-inspired ice cream flavor Sidelined NFL quarterback Colin Kaepernick is getting his own ice cream flavor courtesy of Ben & Jerry's. Read more »

Dow Nasdaq S&P -69.55   +66.86   -4.72 29,999.26   12,405.81   3,668.10 -0.23%   +0.54%   -0.13% YTD +5.12%   YTD +38.26%   YTD +13.54%

Biggest Winners Occidental Petroleum Corp +9.90%   Twitter Inc +8.43%   Devon Energy Corp +6.22%   Hess Corp +5.93% Biggest Losers Centurylink Inc -4.02%   Borgwarner Inc -3.96%   Martin Marietta Materials Inc -3.77%   General Motors Co -3.51%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $46.91 +0.13 / +0.28% Gold $1,839.80 +2.40 / +0.13% 10-yr 0.91% -0.03 Euro $1.21 +0.01 / +0.53%

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