U.S. stocks rose on Tuesday with the Dow and S&P 500 indices closing at new record highs after the Senate passed a $1 trillion infrastructure bill. Wall Street investors are seemingly optimistic about the prospects for increased public expenditure on infrastructure and public services, as it could create many jobs …
Read More »Robinhood to Make First Acquisition since IPO
Robinhood announced that it has agreed to purchase Say Technologies shares in a $140 million deal. The trading platform company’s stock is down for the day by about 4.72% at $54.15. The acquired communication platform provides investors with engaging features such as voting, viewing documents, management, and follow-up tools. The …
Read More »European Stocks Log Record Closing Level
European stocks finished higher on Tuesday, logging another record-high closing level and maintaining an upward record-breaking rally for the seventh consecutive session. The STOXX Europe 600 index added 1.64 points or 0.35% and hit a record 472.32 points. The UK’s FTSE100 gained 0.40%, the German DAX rose by 0.16%, while …
Read More »Wall Street Mostly Lower in Early Trades
The main indices of the New York Stock Exchange (NYSE) rose in early Tuesday trade, after closing mostly lower in the first session of the week. Positive earnings reports and anticipation for passing a massive infrastructure spending bill by Congress are providing support for Wall Street, despite concerns about the …
Read More »Travel And Tourism Sectors Push European Shares to a Record Peak
European shares hit a record high Tuesday, August 10, extending gains for the seventh consecutive session, boosted by travel and leisure companies as investors welcomed reports of strong results. The STOXX 600 index of European shares rose 0.2%, hitting an all-time high of 471.67 points. The travel and entertainment sector …
Read More »NYSE Retreats from Record Highs to Close Mostly Lower
The main indices of the New York Stock Exchange (NYSE) finished mostly lower on Monday, amid concerns about the spread of the coronavirus Delta variant, with some countries returning to lockdown and preventive measures, casting shadows on the prospects for a strong global economic rebound. The Dow Jones Industrial Average …
Read More »European Stocks Open Week at Another Record High
European stocks finished Monday at another record-high closing level with investors closely monitoring economic indicators and earnings reports. The STOXX Europe 600 index gained 0.71 points, or 0.15%, to close at an all-time high of 470.68 points. The pan-European index has maintained an upwards trend for six consecutive trading sessions, …
Read More »European Shares Mixed With The Decline in Commodity Prices
The performance of European stocks varied in early trading, as the leading British stock index was affected by the decline in commodity prices, while other indices in the region stabilized near their recent high levels with the end of the corporate earnings season. Shares of oil companies Royal Dutch Shell, …
Read More »Wall Street Finish at New Record Highs
Wall Street continued to break new record highs, with two of the main indices on the New York Stock Exchange (NYSE) finishing Friday at new all-time highs after data showed a huge surge in U.S. employment during July. Data provided support for expectations of a strong economic recovery and an …
Read More »European Stocks Score Third Consecutive Weekly Rise
European stocks finished nearly unchanged on Friday, ending their best week since mid-March, and maintaining an upward trend for the third consecutive week. The STOXX Europe 600 index gained 0.01 points to finish at 469.97 points, a new record high. The pan-European index added 8.23 points or 1.78% for the …
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