Mega-caps Microsoft Corp, Netflix Inc and Facebook Inc gained between 0.4% and 1.3% and were among the biggest boosts to the S&P 500 and the Nasdaq
Value stocks outperform growth names; crypto stocks drop as China deepens mining crackdown
Stocks are opening mostly higher on Wall Street, getting the week off to a positive start after the S&P 500 posted its biggest weekly decline since February. The benchmark index was up 0.3 per cent in the first few minutes of trading Monday. Banks and industrial companies were doing the best, while several big technology companies were falling. That helped pull the tech-heavy Nasdaq composite down 0.4 per cent. Investors will be keeping an eye on more data coming out on inflation this week, as well as earnings from Nike and FedEx. Bond prices fell. The yield on the 10-year Treasury note rose to 1.48 per cent. Investors are still thinking over the Federal Reserve's signal that it may raise current ultra-low interest rates sooner than expected and slow its market-supporting bond purchases. Part of the Fed's mission is to keep prices under control. The fear is that burgeoning inflation may prompt central banks to dial back the lavish support that has lifted markets to new highs after
St. Louis Federal Reserve President James Bullard said he expects the first interest rate increase the Fed could make could come as soon as 2022
US manufacturing sector picks up in May; AMC Entertainment shares jump; data analytics firm Cloudera soars on plans to go private
Crypto-related stocks take a hit as digital coins tumble; US 10-year Treasury yield firms ahead of Fed minutes
Despite strong results, Home Depot's shares came under pressure due to the lack of a solid outlook and disappointing housing data.
Energy stocks rise on US fuel supply disruption fears; tech-heavy Nasdaq Composite Index declined for the first time in three sessions amid the growing anxiety over inflation
With more than half of S&P 500 companies having already reported results so far, profits are seen rising 46 per cent in the first quarter
(Reuters) - The S&P 500 and the Dow opened lower on Tuesday after closing at record highs in the previous session, as investors locked in some gains ahead of a reading of U.S. job openings later in the day.
Ten of the 11 major S&P sectors rose, with consumer discretionary, industrials, financials and communication services leading gains
Apple biggest boost to S&P 500, Nasdaq; retail sales drop more than expected in Feb
(Reuters) - The S&P 500 and the Dow opened lower on Friday after closing at record highs in the previous session, as a spike in U.S. bond yields reignited inflation worries and dented appetite for high-growth stocks.
Mega-cap stocks Microsoft, Apple, Facebook and Amazon.com led the rally, recouping losses from a recent pullback and helping the benchmark S&P 500 surpass its Feb. 16 peak of 3,950.43
Dow Jones Industrial Average rose 214.88 points, or 0.67%, to 32,511.90
(Reuters) - The blue-chip Dow index hit a record high on Wednesday after tepid consumer prices data for February eased concerns about a spike in inflation and elevated bond yields.
NEW YORK (Reuters) - Wall Street reversed course late Tuesday, with the S&P 500 and the Dow whipsawing to positive territory by the closing bell in a tug-of-war between stocks that thrived amid lockdowns and those that stand to benefit most from a reopening economy.
NEW YORK (Reuters) - The Dow Jones Industrial Average notched a record closing high on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U.S. economy from a coronavirus-driven slump.
On the sectoral front, Nifty PSU Bank index declined over 1 per cent on the NSE, followed by losses in the Nifty Auto index (down 0.4 per cent), and the Nifty Realty index (down 0.24 per cent)
Dow Inc reported quarterly results on Thursday that beat analysts' estimates and forecast better-than-expected sales for the first quarter as demand and prices for its chemicals recover