Wall Street Ends Higher, Breaking a 3-Day Losing Streak Wall Street rallied to end higher on Wednesday, powered by a recovery in interest-sensitive growth stocks as investors digested hot inflation data and a mixed bag of quarterly results. Stocks closed higher on Wall Street as investors reviewed the latest round …
Read More »US Equities Start Ahead As Q1 Earnings Season Kicks Off
The Dow Jones Industrial Average added around 66 points to stand at 34,286. The S&P 500 added around nine points at 4,407. The tech laden Nasdaq index gained around 34 points to stand at 13,406US benchmarks started marginally ahead on Wednesday after a volatile start as first quarter earnings season …
Read More »US stocks extend losses for the second day
US stock index futures continued to decline for the second day in a row, as US stock indices declined significantly ahead of Wednesday’s trading session, affected by the latest negative escalations in the ongoing conflict between Russia and Ukraine. Where the futures contracts for the Dow Jones decreased to 34,411.00 …
Read More »Aggressive Fed Drags US Shares, Tech Shares Lower
Wall Street’s main indexes fell on Tuesday, dragged by weakness in tech and other growth stocks, after comments from Federal Reserve Governor Lael Brainard spooked investors about potential aggressive actions by the central bank to control inflation.The S&P 500 posted 42 new 52-week highs and 6 new lows; the Nasdaq …
Read More »US Shares Advances Despite Geopolitical Fears As US Banks Turn More Bullish
US equities shrugged off geopolitical concerns and advanced on Monday amid outperformance in large-cap tech stocks. Recent Russo-Ukraine war developments raise the risk of an EU embargo on Russian energy imports and peace talk breakdown.But major US banks have been becoming more bullish on the equity market’s outlook. US equity …
Read More »Tesla To Celebrate Record Quarter Amid High Fuel Prices
Tesla is expected to announce another record quarter despite industrywide supply-chain woes as the world’s top maker of electric vehicles benefits from high gas prices pushing more buyers toward plug-in models.The company likely delivered 309,158 vehicles globally during the first three months of the year, according to a dozen analysts …
Read More »US Equities Drop As Strong US Data Boosts Fed Tightening Bets
US equities were on course to post a third successive day in the red on Friday as strong US labour market data and an inflationary ISM Manufacturing PMI report raised the prospect of a faster pace of Fed tightening this year and next. The S&P 500 was last trading about …
Read More »US Shares Retreat On Dismal Market Sentiment
US equities are recording losses in the North American session as Wall Street is about to finish March on a lower note. The S&P 500, the Dow Jones Industrial, and the tech-heavy Nasdaq Composite are falling between 0.30% and 0.43%, each one sitting at 4,576.32, 35075.94, and 15,014.01 respectivelyObviously, a …
Read More »US Stocks Gain Momentum In Last Hour Trading
US stocks rose on Tuesday, with the Dow and S&P notching their fourth straight session of gains, on optimism some progress was being made toward a deal to resolve the conflict between Russia and Ukraine.Russia pledged to cut down on military operations around Kyiv and in northern Ukraine, while Ukraine …
Read More »S&P 500 climbs for third straight day as Tesla leads
The S&P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank stocks, while Russia and Ukraine were poised to hold their first face-to-face peace talks in more than two weeks.The S&P energy index (.SPNY), off 2.56%, was …
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