The New York Stock Exchange (NYSE) finished mostly higher on Monday with the S&P 500 and Nasdaq indices finishing at new record highs, while the Dow declined. Technology companies showed a positive performance with Facebook exceeding a valuation of $1 trillion for the first time, following the dismissal of an …
Read More »European Stocks Finish Lower on COVID-19 Concerns
European stocks closed lower on Monday, amid concerns about the rising number of coronavirus (COVID-19) cases in a number of countries. The Stoxx Europe 600 index declined by 0.59% to finish at 454.94 points. Travel and leisure stocks took a strong hit and dropped by 4.3% over concerns about the …
Read More »Wall Street Opens Mixed and Nasdaq Hits New Record
The main indices of the New York Stock Exchange (NYSE) opened higher on Monday, with Wall Street beginning the week with a positive performance and the Nasdaq hitting a new all-time high, on the back of gains by tech stocks. Concerns about the rising number of coronavirus cases in Asia …
Read More »Inflation Woes Keep European Shares Below All-Time Highs
European shares remained below their all-time highs on Monday, as investors continued to worry that a jump in inflation would lead to a sudden cut in monetary policy loosening globally, while travel stocks tumbled on a spike in coronavirus cases across Asia. The pan-European Stoxx 600 index fell 0.1%, and …
Read More »Japan’s Nikkei Closes Flat as Investors Caution Ahead of US Data
Japan’s Nikkei index closed flat on Monday, with chip-related stocks tracking the Nasdaq’s decline in the previous session, while investors were also cautious ahead of important US economic data later this week. The Nikkei settled at 28,084.02 points at the close, while the broader Topix index rose 0.15% to 1965.67 …
Read More »Wall Street Closes Mostly Higher and Registers Weekly Gains
The New York Stock Exchange (NYSE) closed mostly higher on Friday, with Wall Street investors’ risk sentiment improving on the back of positive economic data. The Dow Jones Industrial Average gained 237.02, or 0.69%, to close at 34,433.84 points. The S&P 500 index finished at a new record high of …
Read More »European Stocks Record Weekly Gains
European stocks closed higher on Friday, for the second consecutive session, on the back of an improved investors’ sentiment following a slew of positive economic data. The STOXX Europe 600 index rose by 0.13%, its highest rise since May, to finish at 457.63 points, extending its weekly gains to 5.58 …
Read More »The US Food And Drug Administration Approves Actemra to Treat Corona in Hospitals
The US Food and Drug Administration said it has authorized emergency use of Actemra to treat adult and pediatric COVID-19 patients in hospitals, and an emergency use authorization has been issued to Genentech, a unit of Roche Holdings Inc. The Food and Drug Administration said the drug could be used …
Read More »Japan Shares Rise at The End of The Week, Tracking The Strong Closing of Wall Street
Japanese stocks closed higher on Friday, June 25, as cyclical and technology-related stocks followed the strong shutdown of Wall Street, but gains were capped by concerns about the country’s economic recovery as well as a cautious outlook for US stocks. The benchmark Nikkei index rose 0.66% to 29,066.18 points, while …
Read More »Wall Street Scores Gains on Biden’s Infrastructure Plan
The main indices of the New York Stock Exchange (NYSE) closed higher on Thursday, with Wall Street investors optimistic about the recent agreement on a new infrastructure plan promising increased work for a number of listed companies. The Dow Jones Industrial Average closed at 34,196.82, rising by 322.58 points, or …
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