European stocks closed higher on Monday, opening the week with its best performance in nearly two weeks. The STOXX Europe 600 index finished higher by 1.6%, with the majority of the market sectors closing on gains, due to improved investors’ sentiment with positive news about COVID-19 vaccine and cures. The …
Read More »S&P and Nasdaq to Fresh Highs
The benchmarks S&P 500 and the Nasdaq opened at record highs on Monday after the US drug regulator approved the use of blood plasma to treat Covid-19 patients and thanks to a report that the Trump administration may speed up the process of adopting a potential vaccine. S&P rose 20.93 …
Read More »European Stocks Higher on hopes for Coronavirus Treatment
European stocks rose from their lowest level in two weeks, as signs of progress in developing a treatment for Covid-19 disease overshadowed concerns about an increase in cases on the continent, threatening to curb an economic recovery. The European STOXX 600 index rose 1.3%, following the gains in Asian markets …
Read More »Nikkei rises, Focus on Prime Minister Abe’s Health
Japanese stocks closed higher, deriving direction from the gains of their Asian counterparts, but growing speculation over Prime Minister Shinzo Abe’s health dented the mood. The benchmark Nikkei index rose 0.28 percent to close at 22,985.51 points, while the broader Topix index rose 0.19 percent to 1,607.13 points. Trading volumes …
Read More »NYSE Ends Week with Two New Records
The New York Stock Exchange (NYSE) closed higher on Friday, logging weekly gains, with The Dow Jones Industrial Average surged by 0.69% to close at 27,930.33, nearly unchanged compared with its level by the end of last week. The S&P 500 index increased by 0.34% and closed at a new …
Read More »The Nikkie Index Up 0.62% in Early Trading
The Nikkie benchmark index rose in early trading on the Tokyo Stock Exchange on Friday, August 21st. Nikkie increased 0.62% to 2,3022.76 points, while the broader TOPIX index rose 0.61% to 1,608.91 points.
Read More »Wall Street Closes in Green with Nasdaq at All-Time High
The New York Stock Exchange (NYSE) closed higher on Thursday, with more investors moving towards the stock market amid a decline in the US Treasury yields. The Dow Jones Industrial Average gained 46.85 points, or 0.17%, and finished at 27,739.73 points. The S&P 500 index rose by 10.66 points or …
Read More »European Stocks Close Lower on Negative Expectations
European stocks closed lower on Thursday, following expectations by the US Federal Reserve that the COVID-19 will weigh heavily on economic activity on the short-term. The pan-continental STOXX Europe 600 settled lower by 1%. The UK’s FTSE100 also declined by 1.61%, while the French index CAC40 finished lower by 1.33%. …
Read More »Airbnb Files for IPO on NYSE
Airbnb, the short-term home and room rental company, has confidentially filed on Wednesday for an initial public offering (IPO), Reuters reported. A recent report by the Wall Street Journal suggested that the company could go public on the New York Stock Exchange (NYSE) as early as before the end of …
Read More »Japan shares Declining Due to Negative US Economic Outlook
Japanese stocks fell at the close Thursday, August 20, affected by Wall Street losses after the US Federal Reserve meeting minutes revealed that policymakers are concerned about the uncertainty surrounding the path of the economic recovery from the Coronavirus pandemic. The Nikkei index fell 1% to close at 22,880.62, the …
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