Page 12 - Us Markets

S&P 500, Dow ease from record levels; earnings results, data in focus

The S&P 500 technology sector fell the most among the 11 major S&P 500 sectors

Led by US, global markets should see happy FY22: IIFL's R Venkataraman

EPS growth is likely to be largely reflected in market returns, hence expect 10-12 per cent broad returns in the current financial year, says IIFL Securities chairman

Cryptocurrency market value surges to all-time high of $2 trillion

Analysts said as long as bitcoin stays above $53,000, it will be able to maintain its $1 trillion market cap

Credit Suisse Group takes $4.7-billion Archegos hit, cuts payouts

Risk chief Warner, investment bank head Chin to leave

S&P 500, Dow slip from record highs at open as investors lock in gains

(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.

GameStop's shares tank 12% after it plans a $1 billion stock sale

At Thursday's closing price of $191.45, the "at-the-market" sale could fetch GameStop up to $670 million

GameStop to sell up to 3.5 mn of shares 2 months after price sky-rocketed

Two months after a market phenomenon took shares of GameStop to the moon, the video game retailer said Monday that it will sell up to 3.5 million of its shares with the price still vastly elevated.

World economy risks 'dangerously diverging' even as growth booms

While America's booming economy will undoubtedly act as a driver for the rest of the world by sucking in imports, there could also be some grumbling about the higher market borrowing costs

S&P 500 hits 4,000 mark for first time on tech strength, reopening optimism

Seven of the 11 S&P sectors rose, with technology and communication services gaining more than 1.5%

Wall Street opens higher on optimism over Joe Biden spending plan

Tech stocks lifted all three major indexes on Wednesday as investors awaited details on US President Joe Biden's massive infrastructure plan, while Wall Street eyed its fourth straight quarterly gain

Wall Street opens lower as spike in US bond yields pressures tech stocks

The Dow Jones Industrial Average fell 43.5 points, or 0.13%

Top headlines: Suez chaos eases; US futures fall over block trade fears

Business Standard brings you top news of the evening

NYSE-listed StarTek eyes digital deals with CSS Corp

Though both the companies will work at an arm's length, StarTek will leverage CSS and collaborate on three things

GameStop soars to erase $4-billion hole as meme stocks roar

The company has made "significant changes" to its board since June 2020

US regulator opens inquiry into Wall Street's blank check IPO frenzy

The US securities regulator has opened an inquiry into Wall Street's blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, sources said

Trading app Robinhood Markets says it filed confidentially for IPO

Robinhood became immensely popular during the coronavirus pandemic, particularly as homebound young people turned to online trading to pass the time and make money

Global stocks ease as lockdowns sap momentum, oil prices rebound

Benchmark 10-year U.S. Treasury notes last yielded 1.6207% after reaching 14-month highs last week.

From pet food to video games: Inside Ryan Cohen's GameStop obsession

On the line was Ryan Cohen, the billionaire co-founder and former chief executive of online pet supplies retailer Chewy who is now leading GameStop's push into e-commerce

US futures drop as investors await clues on rebound from Powell, Yellen

Chevron Corp, Occidental Petroleum Corp and Exxon Mobil Corp shed between 1.5 per cent and 3.5 per cent pre-market as oil prices slumped 3 per cent

Cathie Wood's Ark expects Tesla stock price to reach $3000 by 2025

Ark expects Tesla's market capitalization to reach as high as $4 trillion in the best-case scenario, according to a research note published here on Friday