The New York Stock Exchange (NYSE) showed a mixed performance on Monday, with high Treasury bond yields and anticipation for the upcoming inflation data dominating the market in the beginning of the week. The Dow Jones Industrial Average closed down by about 126 points, or 0.36%, at 34,630.24 points. The …
Read More »Wall Street Indices Mostly Lower in Early Trading
The main indices of the New York Stock Exchange (NYSE) opened mostly lower on Monday, amid a rise in the U.S. Treasury bond yields. In addition, Wall Street investors are anticipating a series of important economic data this week, which will reflect the state of economic recovery from the Coronavirus …
Read More »NYSE Finishes the Week with Gains Following Jobs Report
The New York Stock Exchange (NYSE) closed higher on Friday on the back of positive expectations for economic recovery, despite the May jobs report coming below expectations. The Dow Jones Industrial Average added 179.35 points, or 0.52%, to close at 34,756.39 points. The S&P 500 rose by 37.04 points, or …
Read More »NYSE Closes Lower Ahead of Jobs Report
The New York Stock Exchange (NYSE) finished lower on Thursday, with tech stocks leading the decline. In addition, a rise in Treasury bond yields to their highest level in more than two weeks weighed on the stock market. The Dow Jones Industrial Average slipped by 23.34 points, or 0.07%, to …
Read More »Wall Street Closes Higher Following Release of Fed’s Beige Book
The main indices of the New York Stock Exchange (NYSE) finished higher on Wednesday, supported by positive expectations for economic recovery that led to an improved risk appetite and sentiment among Wall Street investors. Earlier today, the U.S. Federal Reserve’s Beige Book report showed that the economy expanded better than …
Read More »Wall Street Closes Mixed on Economic Data and Rise in Treasury Yields
The New York Stock Exchange (NYSE) finished Tuesday’s trading session on a mixed note, failing to maintain its earlier gains that came on the back of positive expectations in Wall Street due to the release of positive economic data. Positive reading of the ISM manufacturing sector’s PMI helped technology stocks …
Read More »Wall Street Closes Higher as Risk Sentiment Improves
The New York Stock Exchange (NYSE) finished mostly higher on Wednesday, as risk sentiment improves with recent remarks by the Federal Reserve officials easing inflation fears among Wall Street investors, especially in the absence of important economic data. The Dow Jones Industrial Average rose marginally by 10.6 points, or 0.03%, …
Read More »Amazon Says it Has Reached an Agreement to Acquire MGM For $ 8.45 Billion
Amazon said it reached a deal to acquire MGM for $ 8.45 billion, to support the company’s efforts to cement its position in the entertainment and internet streaming sector. The deal is the largest since Amazon acquired Whole Food in 2017 for $ 13.7 billion.
Read More »Wall Street Closes Lower on Negative Data
The New York Stock Exchange (NYSE) finished lower on Tuesday, as negative economic data reflected negatively on the risk sentiment among Wall Street investors. In addition, reflation fears and expectations about possible monetary policy changes by the United States Federal Reserve also affected the market. The Dow Jones Industrial Average …
Read More »Wall Street Close Higher with Solid Gains
The New York Stock Exchange (NYSE) finished higher on Monday, opening the week with solid gains on the back of a strong rebound by technology stocks, amid hopes in Wall Street for the economic recovery and a decline in Treasury bond yields. The Dow Jones Industrial Average rose by about …
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