Stocks broadly surged on Friday afternoon trading on Wall Street as investors and traders welcomed news of rebounding hiring by U.S. employers throughout October.The Dow Jones Industrial Average rose 225 points, or 0.6%, to 36,347 and the Nasdaq rose 0.6%, whereas S&P 500 rose 0.6%. More than 80% of stocks …
Read More »S&P 500 turns slightly higher after Fed statement
U. S. stocks were buoyed modestly after the Federal Reserve announced, as expected, it would begin tapering its monthly bond purchases, while sticking to its description of inflationary pressures as transitory. Stocks were mostly a shade lower ahead of the Fed announcement, with the S&P 500 SPX, 0.56% now up …
Read More »Wall Street gains touch record highs
Wall Street’s main indexes rose on Tuesday to record highs on the back of strong corporate earnings. The U. S. seasons continued to lift sentiment for equities, while investors await a critical Federal Reserve meeting.The S&P 500 and Nasdaq notched record closing highs for a fourth successive session, while the …
Read More »Shares Hit Peaks before Central Bank Meetings
Markets are still calm ahead the storm of three central bank meetings this week; the Reserve Bank of Australia meets Tuesday, the Fed on Wednesday and the Bank of England Thursday. Global stock markets rose on Monday at the start of a big week for awaited central bank meetings, helped …
Read More »U. S. shares hover between small gains and losses
U. S. Stocks hovered between small gains and losses, on Wednesday, as investors digest corporate earnings results released by biggest U.S. companies.The S&P 500 rose 0.2% a day after the broad stocks gauge closed at an all-time high for the 57th time this year. The Dow Jones Industrial Average, which …
Read More »S&P 500 hits record high on tech strength, earnings optimism
The S&P 500 Index hit a record high on Tuesday over the positive earnings of Tesla, Nvidia and other Tech companies, while upbeat results from UPS and GE raised optimism around the earnings’ season.Tesla rose 5.4%, extending a record round that helped the electric carmaker surpass $1 trillion in market …
Read More »U. S. Shares continue surging on corporate earnings
U.S. stocks rose as traders watch earnings reports from technology heavyweights including Facebook, while keeping in mind inflation-related concerns and rising Covid-19 risks. Energy and materials sectors are on the lead of the S&P 500 higher after the index whipsawed traders at the start of Monday’s U. S. session. PayPal …
Read More »US Major Indexes Give Back Modest Gains
US major equity indexes opened the new trading week on a calm note near last week’s closing levels. The S&P 500 index was up 10 points to 4,542, almost unchanged on the day after giving up modest gains recorded after the opening bell on Monday. The Dow Jones Industrial Average …
Read More »S&P 500 slides over comments by Fed’s Powell
The S&P 500 erased previous daily gains and dropped 0.12%, settling at 4,544.36, shortly after Fed’s Chair Jerome Powell had admitted that the central bank keeps monitoring price pressures carefully and would act as required.As the S&P500 cash market opened, the market mood was upbeat, with the three major U. …
Read More »Wall Street Flat, IBM Earnings Impact Tech Stocks
U.S. stock indexes remained flat on Thursday as losses in IBM’s earnings impacted technology shares. The Dow Jones retreated after hitting an intraday record high in the previous session, while the S&P 500 Index was just about 15 points short of from its early September record.Eight of the 11 major …
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