The S&P 500 has gone 34 days without rising 1% in any of them
WASHINGTON/MILAN (Reuters) -U.S. shares were mixed and global equities retreated from record highs on Tuesday as investors balanced mounting worries over the slowing pace of economic recovery and hopes the Federal Reserve will delay tapering its bond purchases.
Boeing drops after Ryanair ends jet order talks; Tinder parent Match Group jumps on joining S&P 500
Dismal jobs report calms taper fears; banking stocks slide, shrug off jump in bond yields
Weekly jobless claims fall; Netflix hits record high
Energy shares track weaker oil prices lower; S&P 500 tracks longest monthly winning streak since 2018
Bulls can thank stagecraft of Jerome Powell, Federal Reserve chairman, who on Friday gave the strongest signal yet that the central bank will begin tapering its monthly bond purchases this year
All the 11 major S&P sectors were up, with energy, materials and communication services jumping 1% each.
Stocks are off to a mixed start on Wall Street as big tech companies gain while health care and other sectors fall. The S&P 500 was little changed in the early going Wednesday, a day after setting its 50th record high for the year. The gains for tech helped push the Nasdaq composite up 0.2per cent. The Dow Jones Industrial Average was slightly lower. TurboTax maker Intuit rose 2.6per cent after posting strong results for its most recent quarter. Overseas markets were mixed. The yield on the 10-year Treasury note rose slightly to 1.30per cent and crude oil prices edged higher.
S&P 500 and Nasdaq 100 futures were narrowly mixed after the S&P stock index posted its 50th record high close of the year on Tuesday, buoyed by positive news on Covid-19 vaccines
Energy, travel shares rise on improving demand hopes; Best Buy gains on raising full-year sales forecast
Sky-high valuations and the S&P 500's 100% rally from the pandemic low add to the difficulties facing strategists.
Economy-linked cyclical stocks weigh on markets; Tencent Music falls after Soros Fund dissolves stake
Even strategists lifting year-end targets warn of bumpy ride
It has posted six straight months of gains in 2021
Senate unveils $1 trillion infrastructure bill; Square rises on $29 billion Afterpay deal
On Wall Street, the S&P 500 reached its sixth consecutive all-time closing high on upbeat economic data, and European shares ended higher on a rally in crude prices
Blue chip and key technology stocks on Wall Street hit record highs on Monday as investors bet on outsized US jobs gains for June even as falling oil prices dragged down the broader stock market.The S & P 500 index, which groups the top 500 stocks on the New York Stock Exchange, raced to an all-time high of 4,292 before closing at 4,290, up 0.2 percent on the day.The Nasdaq Composite index, which includes high-flying tech stocks such as Facebook, Amazon, Apple, Microsoft, Netflix and Google, hit an all-time high of 14,505, before settling at 14,500, up almost 1.0 percent.However, the Dow Jones Industrial Average, the broadest US equity barometer on the New York Stock Exchange, fell on the day and finished down 0.4 percent at 34,283.The S & P500 and Nasdaq jumped as investors bet that the US non-farm payrolls report for June, due on Friday, are expected to show a gain of 690,000 jobs versus May's 559,000.The Dow fell as oil prices had their first meaningful drop in a week on ...
WASHINGTON/LONDON (Reuters) -Wall Street notched broad gains on Friday, with the S&P 500 index closing at a record and global shares also finished at an all-time high, while oil prices rose for a fifth straight week.
SHANGHAI (Reuters) - Asian shares rose on Friday, tracking gains on Wall Street overnight that lifted the Nasdaq and the S&P 500 indexes to record highs after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.