The New York Stock Exchange (NYSE) closed Wednesday on a higher note, supported by an improved investors’ sentiment and risk appetite on the back of positive earnings reports by many of Wall Street’s biggest listed companies. The Dow Jones Industrial Average edged higher by 0.1% to close at 30,723.60 points. …
Read More »Jeff Bezos Steps Down as CEO of Amazon, Naming Andy Gacy as His Successor
Amazon announced Tuesday that Jeff Bezos, the CEO, will step down later this year, turning the helm over to Andy Gacy, the company’s cloud chief executive. Bezos will move to take over the position of CEO of the Amazon Board of Directors. Bezos founded Amazon in 1994 and has since …
Read More »Wall Street Opens with Strong Gains
The New York Stock Exchange (NYSE) opened higher Tuesday, supported by improved investors’ sentiment and large anticipation in Wall Street for the release of financial results by Amazon and Alphabet. In addition, the market remains supported by the prospects of increased government stimulus by the Biden administration. The Dow Jones …
Read More »Wall Street Benchmark Indices Open Week Mixed
The main indices of the New York Stock Exchange (NYSE) are showing a mixed performance at the beginning of the week’s trade, with Wall Street opening Monday with anticipation for a number of major financial disclosures in the week ahead. The Dow Jones Industrial Average lost about 190 points, or …
Read More »Wall Street Closes Mixed but Maintains Some Record Levels
The New York Stock Exchange (NYSE) ended Thursday trading session on a mixed note, with Wall Street continuing to show a mostly positive reaction one day after the inauguration of President Joe Biden as the 46th President of the United States. The Dow Jones Industrial Average lost 12 points to …
Read More »S&P 500 Could Rise by 14% in 2021: Goldman Sachs
The S&P 500, one of three main indices on the New York Stock Exchange (NYSE), is expected to make gains of about 14% this year, to close 2021 at the level of 4,300 points, as shown by a recent projection by Goldman Sachs picked up by Dow Jones’s MarketWatch. As …
Read More »Grab Considering $2 B IPO on Wall Street
Grab, a ride-hailing and food delivery company in Southeast Asia, is mulling the listing of its shares on the New York Stock Exchange (NYSE) later this year, Reuters first reported. It is estimated that with an improved appetite for initial public offering (IPOs) that the Grab IPO could raise more …
Read More »NYSE Indices End the Week in Losses
The New York Stock Exchange (NYSE) closed Friday on a lower note, with the main indices ending the week with the biggest losses since the end of October. Weak economic data prompted concerns about the state of the economy, which still struggles with the Coronavirus pandemic. The Dow Jones Industrial …
Read More »Wall Street Closes in Red
The main indices of the New York Stock Exchange (NYSE) ended Monday lower, starting the week with a negative performance after two consecutive record-breaking sessions in Wall Street last week. This comes amid increased concerns about the rising number of Coronavirus cases, however, the market remains supported by the anticipation …
Read More »Wall Street Abandon Sanctioned Chinese Shares
Wall Street firms operating in Hong Kong have indicated that they will reduce their exposure to Chinese companies included in a US ban on investing in companies that Washington considers linked to the Chinese military before the rules come into effect later Monday. Goldman Sachs, JP Morgan and Morgan Stanley …
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