Page 7 - Us Stocks

US stocks open higher, led by gains in banks and industrial firms

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

Ex-Tesla president sold stocks worth $247 million since June 10-SEC filing

Long-time Tesla Inc executive and president Jerome Guillen, who left the company earlier in June, has sold an estimated $274 million worth of shares after exercising stock options since June 10

Retail investors in India, South Korea join meme craze for AMC stock

AMC Entertainment skyrocketed as much as 127% on Wednesday, extending its total gains for the year to more than 3,000% and pushing its market capitalization briefly above $33 billion.

Stocks mixed as Dow extends recovery after strong US business surveys

Helping the Dow outperform was Boeing, which added 3.2% as industry sources said the planemaker has drawn up preliminary plans to increase in 737 MAX output to as many as 42 jets a month in fall 2022

Wall Street on track to snap 3-day losing streak as technology stocks rise

Wall Street's main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims lifted the mood

More drops in Big Tech pull stocks lower; Bitcoin drops another 20%

US stocks are opening broadly lower, extending a weak streak into a third day.

Wall St extends recovery at end of volatile week as investors turn hopeful

Wall Street's major indexes are set for their steepest weekly drop since February after stronger-than-expected inflation data, signs of labor shortage and higher commodity prices

Inflation woes push US stocks to 1-month low; dollar struggle

Investors bet that rising inflation could erode the currency's value

Bezos wraps up Amazon stock sale for $6.7 billion, continues to hold 10%

Jeff Bezos sold $1.7 billion of Amazon.com Inc. stock, bringing the amount he's unloaded this month to about $6.7 billion.

US stocks mixed, treasuries drop after Fed keeps rates pinned near zero

The Federal Reserve has maintained the pace of bond purchases as was widely expected

As small-cap stocks lag, Wall Street worries about broad slowdown

Wall Street is also bracing for the Biden administration's expected proposal to nearly double taxes on capital gains to 39.6% for people earning more than $1 million.

US respiratory portfolio to drive medium term sales growth for Cipla

In the domestic market, growth is expected to come from Covid-related drugs

GameStop CEO George Sherman to resign amid pivot in business strategy

Its board is searching to identify chief executive officer candidates.

Global Markets: US stock futures buoyant on easing inflation fears

LONDON (Reuters) - U.S. stock futures were buoyant before the open on Friday after the S&P 500 rose to a record on Thursday on easing inflation fears, and world stocks also scored a record high.

GameStop shares rise over plan to replace chairman with Ryan Cohen

Kurtis Wolf resigned effective April 5, GameStop said in a filing Thursday. The company said the resignation didn't result from a disagreement over operations, policies or practices

Gold dips as firmer dollar, global economic recovery hopes boost markets

The dollar index held firm near four-month highs against its rivals, making gold more expensive for holders of other currencies

Large block trades tied to Archegos raise worries about trading this week

A number of large block trades on Friday, which investors said caused big drops in the stocks of a clutch of companies, were linked to the Archegos Capital investment fund

Banks, energy stocks drag Wall Street lower; Joe Biden's presser in focus

Ten of the 11 S&P sectors fell in early trading

GameStop leads meme stocks lower, on track for sharp weekly drop

Shares of GameStop Corp slid further in early trade on Tuesday, continuing a slump that has seen the videogame retailer's stock shed a third of its value so far this week

US stocks open higher on Wall Street with help from Big Tech companies

Stocks are starting higher on Wall Street with an assist from technology companies, which have seen big swings in recent days. The S&P 500 index was up 0.7 per cent in the early going Thursday, while the tech-heavy Nasdaq was up 1.7 per cent. The Dow Jones Industrial Average was up a more modest 0.2 per cent, a day after closing at its latest record high. The recent return of stability to the bond market has been reassuring investors after a sudden spike in long-term interest rates over the past month prompted traders to dump tech shares, which started to look expensive after months of gigantic gains.