The New York Stock Exchange (NYSE) closed Tuesday with modest gains, while the Nasdaq index finished at a new record-high closing level. The Dow Jones Industrial Average gained 68.61 points, or 0.20%, to close at 33,945.58 points. The S&P 500 rose by 21.65 points, or 0.51%, and finished at 4,246.44. …
Read More »European Stocks Close Higher
European stocks closed higher on Tuesday, with a rebound in commodity prices providing support for the mining and energy sectors. The pan-European STOXX 600 Index gained 0.26% and closed at 456.42 points. Similarly, the blue-chip STOXX 50 index finished higher by 0.26% at 4,123.13. Meanwhile, the UK’s FTSE100 ended the …
Read More »European Shares Rise And Recovery Hopes Lift Banks And Mining Sectors
European shares rose to record levels today, as optimism about economic recovery from the Covid-19 pandemic led by the stimulus outweighed fears of global central banks tightening monetary policy earlier than expected. The pan-European STOXX 600 index rose 0.1%, with gains led by shares that are sensitive to the economy, …
Read More »Blend Labs Files for $100 M IPO
Blend Labs has filed for an initial public offering (IPO) as it plans to sell $100 million worth of shares to publicly trade on the New York Stock Exchange (NYSE). The digital platform focuses on mortgage lending and other fintech services. The newcomer to Wall Street recorded a 90% rise …
Read More »NYSE Closes Monday with Large Gains
The New York Stock Exchange (NYSE) closed higher on Monday, registering large gains in the first session of the week to recover some of the large losses it saw last week following the Fed’s policy statement, which indicated a hawkish change in tone. The Dow Jones Industrial Average gained 586.89 …
Read More »European Stocks Rebound from Earlier Losses to Close Higher
European stocks closed higher on Monday, starting the week with a positive performance after rebounding from earlier losses. The STOXX Europe 600 index rose by 0.7% and closed at 455.23 points. Similarly, the STOXX 50 index finished higher by 0.71% at 4,112.33 points. The French CAC40 and the UK’s FTSE100 …
Read More »Wall Street Rebounds After Falling Due to The Fed
Wall Street’s main indexes opened higher on Monday, as financial and energy stocks rebounded after hawkish comments from the Federal Reserve last week pushed the Dow and Standard & Poor’s 500 indexes to their biggest weekly losses in months. The Dow Jones Industrial Average rose 21.99 points, or 0.07%, to …
Read More »The European Union Will Impose Sanctions on 86 Belarusian Officials And Companies
The European Union will impose sanctions, including travel bans and asset freezes, on 86 Belarusian officials and companies on Monday, but will leave it to leaders to decide when to impose economic sanctions, EU foreign policy chief Josep Borrell said. Diplomats said that the sanctions include 76 individuals, including the …
Read More »Japan Shares Suffer Biggest Daily Loss in 4 Months After Fed Official’s Comments
Japanese stocks suffered their biggest loss in four months on Monday, tracking Wall Street’s plunge last week after a Federal Reserve official said the US central bank may raise interest rates sooner than expected. All sectors witnessed intense sales, and all sub-indices of the 33 sectors in the stock market …
Read More »European Shares Fall as The Mining And Banking Sectors Are Hit by The Fed’s Hawkish Tone
European shares fell on Monday, as mining and banking stocks bore the brunt of an abrupt shift in the US Federal Reserve’s stance on monetary policy last week. The pan-European Stoxx 600 index fell 0.6% to its lowest level in more than two weeks. On Friday, the index halted a …
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