European shares stabilized, trading slightly below record highs, as strong profits achieved by a group of insurance companies and mergers and acquisitions activities in Britain helped offset the decline in mining companies. The pan-European Stoxx 600 index settled in morning trading after eight consecutive days of record gains. British insurer …
Read More »U.S. Stocks at Record Highs Following Inflation Data
The New York Stock Exchange (NYSE) managed to close mostly higher on Wednesday, with the Dow and S&P 500 indices finishing at new record highs for the second consecutive session, with Wall Street investors focusing on inflation data in the U.S. Earlier, data by the U.S. Department of Labor showed …
Read More »European Stocks Log Another Record High
Europe’s stocks finished higher on Wednesday, continuing to hit new record highs as investors focus on earnings reports and economic data. The pan-European STOXX Europe 600 index rose by 2 points or 0.42% to close at 474.32 points, maintaining an upward trend for the eight consecutive sessions. This is the …
Read More »European Socks on Track For Longest Winning Streak Since June
European shares hit record highs and are on track to post their longest winning streak in two months, with a rally in banks and mining companies boosting investor sentiment already high thanks to a strong earnings season. The pan-European STOXX 600 index rose 0.2%, hitting an all-time high for the …
Read More »Dow Closes at Record High after Senate Passes Infrastructure Bill
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 …
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