The New York Stock Exchange (NYSE) opened the first week of May on a positive note, after recording losses last week. Wall Street investors are expecting a rebound from the negative impacts of the Coronavirus pandemic, and optimistic about large listed companies and corporations achieving positive results. The Dow Jones …
Read More »European Stocks Rising Thanks to Optimism About Earnings And Hopes For a Recovery
European stocks rose on Monday amid slight trading due to a bank holiday in Britain, while sentiment remained positive on hopes of a quick economic recovery and a strong earnings season. The pan-European STOXX 600 index rose 0.2% on its first trading day in May. The benchmark index closed up …
Read More »US Stocks Dropping Despite Huge Profits From Amazon And Dow Jones Down 200 Points
The S&P 500 index fell 0.75%, while the Dow Jones Industrial Average declined 200 points, and the Nasdaq index fell 0.85%. And Amazon, the last of the Wall Street mega tech companies to publish their results, reported record profits in the first quarter of the year. The Seattle-based company said …
Read More »Japan Shares Drop on Tech companies’ And Pandemic Fears
Japanese stocks closed lower Friday, April 30, weighed by disappointing expectations for technology companies, while the rise in the frequency of Covid-19 infections in the country affected investor sentiment. The Nikkei index fell by 0.83% to close at 28812.63 points, while the broader Topix index fell 0.57% to 1898.24 points. …
Read More »Amazon Sales Are up 44% in Q1 2021 and the stock at an All-Time High
Amazon shares rose as much as 3% in post-close trade Thursday April 29th, after the company released its first-quarter earnings, beating Wall Street’s earnings and revenue expectations. The company made profits of $15.79 per share, compared to expectations of $9.54 per share, and revenues of $108.52 billion compared to expectations …
Read More »Rising Bond Yields And Profit-Taking Push European Stocks Lower
European stocks closed lower Thursday, April 29th, despite banks’ highs in 14 months thanks to strong quarterly earnings, as rising Eurozone bond yields prompted some investors to sell for profit after reaching near-record levels. The pan-European STOXX 600 index fell 0.3% to 438.77 points, far away from its record high …
Read More »European Stocks Reach Their Peak With Support From Unilever And Nokia
On Thursday, April 29, European stocks resumed their advance towards their all-time highs after a set of positive business results and the US Federal Reserve pledging to continue adopting the loose monetary policy. The European Stoxx600 index rose 0.4%, just 3 points away from its peak. Consumer goods giant Unilever …
Read More »Wall Street Closes Lower Following Fed’s Policy Decision
The New York Stock Exchange (NYSE) finished lower on Wednesday, following the Federal Reserve’s decision to maintain interest rates at a historic low level near 0%. The marker is also anticipating today’s speech by President Joe Biden in front of a joint session of Congress. Facebook shares continued to rise …
Read More »European Stocks Settle with Marginal Gains
European stocks showed a mostly positive performance on Wednesday, as the market anticipated the outcomes of the U.S. Federal Reserve meeting, as well as positive earnings reports by major listed companies. The pan-European STOXX 600 closed nearly unchanged for the second consecutive session, rising marginally by less than 0.1%, as …
Read More »Oil Falling as Demand Fears Increase Due to The Indian Crisis And Increase in US Inventories
Oil prices fell on Wednesday, April 28, in light of the rapid spread of Covid-19 cases in India and an increase that exceeded expectations for crude stocks in the United States, which overshadowed the confidence shown by OPEC and its allies in the strong recovery of global demand for fuel. …
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