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 …
Read More »NYSE Finishing 2020 with Mostly Large Gains
The main indices of the New York Stock Exchange (NYSE) are ending 2020 on a positive note, supported by the recently approved government stimulus package as well as the rollout of Coronavirus vaccines. Investors are optimistic about the prospects of an economic recovery in 2021 and this has provided strong …
Read More »Wall Street Closed Higher on Hopes of Economic Recovery
US stocks rallied on Wednesday as investors looked for improved economic prospects in 2021 following the distribution of vaccines to prevent Covid-19 disease and hopes for more financial support. The Dow Jones Industrial Average ended the trading session on Wall Street, up 73.89 points, or 0.24%, to 30,409.56 points, while …
Read More »Wall Street Opens Wednesday on Higher Note
The main indices of the New York Stock Exchange (NYSE) opened Wednesday higher, supported by an improved investors’ sentiment in Wall Street. The Dow Jones Industrial Average is up by 116.5 points, or 0.38%, at 30,450.95 points. The S&P 500 gained 10.6 points, or 0.29%, at it is currently trading …
Read More »Wall Street Opens Higher Ahead of Christmas
The New York Stock Exchange (NYSE) opened Thursday higher with the major indices of Wall Street maintaining a positive performance ahead of the Christmas Holiday. The Dow Jones Industrial Average is marginally up by 18.4 points, or 0.06%. The S&P 500 rose by 6.66 points, or 0.18%, reaching 3,696 points. …
Read More »Wall Street Opens Lower As Stimulus Hopes Decrease
Wall Street opened Friday lower, after a record-breaking session yesterday, amid decreased hopes for a new stimulus package. The Dow Jones Industrial Average is currently down by 74 points, or 0.24%, at 30,229.29 points. The S&P 500 declined by 11.22, or 0.30%, to reach 3,711.26 points. Meanwhile, the Nasdaq Composite …
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