The New York Stock Exchange (NYSE) recovered on Wednesday a large portion of its losses over the last three sessions. Renewed strong buying activity for tech stocks, which recently witnessed sharp declines, helped the rebound. The Dow Jones Industrial Average closed higher by 439.58 points, or 1.6%, at 27,940.47 points. …
Read More »European Shares Rise, AstraZeneca Plummet Due to Halting Coronavirus Vaccine Trials
European shares stabilized on Wednesday after falling sharply in the previous session, but sentiment was shaken by the suspension of AstraZeneca global trials of its Covid-19 vaccine. AstraZeneca shares fell 1.3% as it announced the suspension of large trials in its final stages on an experimental vaccine due to the …
Read More »Japan Shares at Their Lowest Level in a Week And Half
Japanese stocks hit their lowest levels in more than a week on Wednesday, September 9th, in light of global risk aversion as heavy technology companies continued losses in the United States. The Nikkei index closed 1.04% lower at 2,3032.54 points, while the broader TOPIX index lost 0.96% to 1,605.40 points. …
Read More »NYSE Closes on Large Losses
The New York Stock Exchange (NYSE) closed lower on Tuesday with the correction wave continuing and tech stocks leading the decline. The Dow Jones Industrial Average dropped by 632.42 points, or 2.25%, to close at 27,500.89 points. Meanwhile, the S&P 500 finished lower at 3,331.84 points, losing 95.12 points or …
Read More »European Stocks Settled Lower
European stocks closed lower on Tuesday, continuing with its fluctuating performance after opening the week with a rise during Monday’s session. The Stoxx Europe 600 fell by 1.14%, while the UK’s FTSE100 declined by 0.12%. Similarly, the German DAX index dropped by 1.01%, while the French CAC40 finished lower by …
Read More »Nasdaq Index Drops 3% as Tech Stocks Turmoil Worsens
The Nasdaq Index tumbled more than 3% at the open Tuesday, September 8th as investors sold shares of Tesla and other heavyweight technology companies, while sentiment was negatively affected by growing tension between the United States and China and concerns about a faltering economic recovery. The composite Nasdaq index fell …
Read More »Wall Street Awaits Another Tech Bubble
The recent fall of tech stocks on Wall Street led to rising concerns regarding the outlook for the stock market, amid worries that recent surges and record-breaking activity went in the opposite direction of the troubled economy due to the Coronavirus (COVID-19) crisis. “I think we are certainly in bubble …
Read More »European Stocks Finish with Strong Gains
The European stock markets showed a strong rebound on Monday, opening the week with high gains after two consecutive losses that were driven by a slump in the tech sector. The pan-continental STOXX Europe 600 index closed higher by 1.6%, while the UK’s FTSE100 surged by 2.39%. In Germany, the …
Read More »European Stocks Start the Week With Strong Performance
European stocks rebounded Monday (September 7th) after turmoil led by Wall Street on tech stocks kept sentiment tepid the previous week, as investors closely followed developments for a COVID-19 vaccine. Australia is expected to receive its first batch of a COVID-19 vaccine in January after it entered into an agreement …
Read More »Nikkei Index Drops After Nasdaq Turmoil
The Japanese Nikkei Index fell on Monday, September 7th, after Wall Street fell, while SoftBank Group shares tumbled on reports that it had made big bets on US technology stocks as the sector’s rally dissipated. The Nikkei index fell by 0.5% to close at 2,3089.95 points, while the broader TOPIX …
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