The New York Stock Exchange (NYSE) closed lower on Thursday as tech stocks failed to maintain its earlier rebound. The Dow Jones Industrial Average dropped by about 406 points, or 1.5%, to close at 27,534.58 points, after rising earlier by around 230 points. The S&P 500 plunged by around 60 …
Read More »NYSE Closes on Large Losses
The New York Stock Exchange (NYSE) closed lower on Tuesday with the correction wave continuing and tech stocks leading the decline. The Dow Jones Industrial Average dropped by 632.42 points, or 2.25%, to close at 27,500.89 points. Meanwhile, the S&P 500 finished lower at 3,331.84 points, losing 95.12 points or …
Read More »Nasdaq Index Drops 3% as Tech Stocks Turmoil Worsens
The Nasdaq Index tumbled more than 3% at the open Tuesday, September 8th as investors sold shares of Tesla and other heavyweight technology companies, while sentiment was negatively affected by growing tension between the United States and China and concerns about a faltering economic recovery. The composite Nasdaq index fell …
Read More »Dubai TV Interview, September 7, 2020
The main remarks by Mohamed Hashad, Director of Research and Development at Noor Capital, to Dubai TV on Monday, September 7, 2020. Wall Street Recent remarks by the Federal Reserve at the Jackson Hall annual conference and the review of its policy, allowing inflation to go above the long-term target …
Read More »Wall Street Awaits Another Tech Bubble
The recent fall of tech stocks on Wall Street led to rising concerns regarding the outlook for the stock market, amid worries that recent surges and record-breaking activity went in the opposite direction of the troubled economy due to the Coronavirus (COVID-19) crisis. “I think we are certainly in bubble …
Read More »Wall Street Ends Week in Losses
The New York Stock Exchange (NYSE) finished the week with large losses on Friday’s session, with tech stocks leading the decline and the market seeing strong selling pressures. The Dow Jones Industrial Average declined by 159.42 points or 0.56%, closing at 28,133.31 points, down by 1.8% for the week. The …
Read More »S& P 500 Open Higher as Unemployment Fell More Than Expected
The S&P 500 Index rose shortly after the open, following sharp sales in the last session as data showed that the unemployment rate in the United States fell more-than-expected in August. The S&P 500 Index opened down 1.46 points, or 0.04%, to 3,453.60 points, while the Dow Jones Industrial Average …
Read More »NYSE Closes Thursday on Huge Losses
The New York Stock Exchange (NYSE) closed lower on Thursday, with technology stocks leading the decline. The Dow Jones Industrial Average dropped by 807.77 points, or 2.8%, to finish at 28,292.73. The S&P 500 index also plunged by 3.5% and closed at 3,455.06. Bearing the highest losses, the Nasdaq Composite …
Read More »NYSE Logs Highest Gains in a Week
The New York Stock Exchange (NYSE) registered its biggest gains in a week on Wednesday, supported by positive economic data that signaled a strong recovery from the COVID-19 crisis. Additionally, news about vaccine and treatments for the virus helped boost investors’ sentiment and the risk appetite. The Dow Jones Industrial …
Read More »NYSE Closes Higher and Breaks Two New Records
The New York Stock Exchange (NYSE) closed higher on Tuesday, supported by positive economic data that showed a rebound in the manufacturing sector. The Dow Jones Industrial Average increased by 215.61 points or 0.8% and closed at 28,645.66 points. S&P 500 gained 26.34 points or 0.8% and finished at a …
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