The main indices of the New York Stock Exchange (NYSE) opened the week on a positive note, with the Nasdaq and the S&P 500 indices hitting new record highs in early Monday trade before easing, as Wall Street investors are focusing on financial results and economic data. Markets anticipate the …
Read More »Wall Street’s main Indexes Trade Mixed on Monday.
Major stock indexes opened mixed on Monday as investors seem to be choosing to stay on the sidelines ahead of this week’s macroeconomic data releases. At the time of writing, the S&P 500 touched a record 4,372 posting modest losses to 4,360. The Dow Jones Industrial Average fell 0.4% to …
Read More »European Shares Rise on Utilities And Real Estate
European shares rose, as investors sought safety in defensive sectors such as utilities and real estate on persistent concerns that the spread of mutated strains of the coronavirus would undermine the global economic recovery. The pan-European Stoxx 600 index rose 0.2%, extending gains after a strong recovery on Friday. Utilities, …
Read More »Japanese Stocks Recover Thanks to Confidence in Growth
Japanese stocks recovered today thanks to cyclical stocks, with renewed hopes for a quick economic recovery, while Yaskawa Electric shares jumped after raising expectations for annual profits. The Nikkei index rose 2.25% to close at 28569.02 points, while the broader Topix index advanced 2.14% to 1953.33 points. The two indices …
Read More »Wall Street Register Third Straight Weekly Gain
The main indices of the New York Stock Exchange (NYSE) rebounded on Friday, turning to a third consecutive weekly rise after recent declines, which were mostly due to concerns among Wall Street investors about recovery from the pandemic and the mixed economic data. The Dow Jones Industrial Average gained 448.23 …
Read More »European Stocks Rebound to Recover Most Weekly Losses
European stocks rebounded on Friday, recovering from their recent losses that resulted from fears regarding economic recovery, amid an improvement in the risk sentiment among investors. The STOXX Europe 600 index gained 6.06 points, or 1.34%, to close at 457.67 points. This marked the biggest index for the pan-European index …
Read More »European Shares Rise at The End of a Week of Turmoil
European shares rose on Friday, July 9, as investors bought, after one of the worst sell-offs in the market since the beginning of the year, amid concern over the stalled global economic recovery. The pan-European STOXX 600 index rose 0.8%, as sectors hit by the drop this week saw gains, …
Read More »Japan Shares Plunge to 8-Week Lows on Fears of Slowing Growth
Japanese stocks plunged to an almost 8-week low on Friday, July 9, on fears of a slowing economic recovery after the country declared a state of emergency to curb the outbreak of the Coronavirus, but losses were curbed by hopes that the Bank of Japan might intervene to support the …
Read More »Wall Street Drops Due to Pandemic and Recovery Concerns
The New York Stock Exchange (NYSE) closed lower on Thursday, with the main indices on Wall Street seeing their worst daily losses since June 18. Rising demand for Treasury bonds and safe haven amid concerns about the rising number of Coronavirus (COVID-19) cases infected mainly with the variants are negatively …
Read More »European Stocks Log Worst Losses in Two Months
European stocks dropped on Thursday, with all market sectors closing in red, amid worried about the new coronavirus (COVID-19) variants. The pandemic-related concerns are driving more investors into safe havens, such as the bonds, which is reflecting negatively on the stock market due to questions about maintaining the pace of …
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