Stocks edged higher in morning trading on Wall Street Tuesday as traders gear up for economic reports and company earnings to resume after the year-end holidays.The S&P 500 rose 0.3% as of 10:20 a.m. Eastern. The Dow Jones Industrial Average rose 299 points, or 0.8%, to 36,883 and the tech-heavy …
Read More »All Except Tech Shares Awaiting Powell’s Statements
Tech shares investors are not waiting around for Powell to tell what economist and traders already know: The Fed is about to get very serious about inflation. The remainder of the market is waiting and holding their breath.The Dow Jones Index is flat. The S&P 500 is down just 0.2%. …
Read More »Tech, Auto Help European Shares’ Best Gains in One Year
European stocks jumped 2.5% on Tuesday, boosted by a solid rebound in technology shares as worries somewhat eased over the Omicron coronavirus variant, while German shares surged close to 3% led by automakers.Likewise, the continent-wide STOXX 600 Index witnessed its best session since last November, bouncing back to levels before …
Read More »Wall Street Leaps On Tech, Chipmaker Shares
Wall Street’s main indexes are strongly leaping on Tuesday, with the Nasdaq surging 3% as investors piled onto beaten-down quality technology stocks, while Intel jumped after plans to take its self-driving car unit public.The chip giant’s (INTC.O) decision to list Mobileye in the United States in mid-2022 was met overwhelmingly, …
Read More »Losses of Tech Shares In 2021 Need Close Examination
The selloff gained force Friday, leaving the NYSE FANG+ Index of Tech Industry’s giants bordering on correction territory, or a 10% drop from the highest. That’s not seen as a good sign heading into the end of the year, the most illiquid trading season. Shares of Tesla, Netflix, Nvidia and …
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