Page 29 - Wall Street

S&P 500, Nasdaq hit record highs on tech earnings boost, upbeat data

Apple Inc gained 1.0% after posting sales and profits ahead of Wall Street estimates

Global shares mostly higher before Fed meeting, Joe Biden speech

Global shares were moderately higher in listless trading Wednesday, as investors watched for news out of a Federal Reserve meeting. France's CAC 40 gained 0.3% in early trading to 6,291.87, while Germany's DAX edged up 0.2% to 15,279.81. Britain's FTSE 100 rose 0.2% to 6,961.41. The future for the Dow industrials slipped 0.1% to 33,834, and S&P 500 futures rose 0.1% to 4,182.12. Japan's Nikkei 225 added 0.2% to finish at 29,053.97, while South Korea's Kospi slipped 1.1% to 3,181.47. Australia's S&P/ASX 200 added 0.4% to 7,064.70. Hong Kong's Hang Seng climbed 0.5% to 29,071.34, while the Shanghai Composite rose 0.4% to 3,457.07. Analysts said Asian investors have adopted a wait-and-see stance ahead of the Fed meeting. But the wider point and the bigger driver of markets, as equities shuffled nervously ahead of the FOMC meeting today, is arguably just how much restraint the Fed will exercise, said Venkateswaran Lavanya at Mizuho Bank. Also on tap is President Joe Biden's speech

Blackstone chief Schwarzman commits $5 mn to India in pandemic aid

The Wall Street-headquartered alternative investment management giant Blackstone on Wednesday announced a $5-million aid to help India to fight the raging coronavirus pandemic

Wall Street edges higher at open ahead of big tech earnings season

The Dow Jones Industrial Average rose 0.74 points, or 0.00%, at the open to 34,044.23

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.

Financials lift Sensex 508 pts up; pharma stocks, HCL Tech miss D-St rally

Investors booked profit in the pharma counters after a healthy rally over the past week. The index settled 0.87 per cent down.

Asian shares advance after strong finish on Wall Street last week

Shares opened higher in Asia on Monday after a strong finish last week on Wall Street. Tokyo, Hong Kong, Seoul and Shanghai all started out with modest gains and U.S. futures also edged higher. Oil prices slipped. Stocks climbed Friday in New York, though the S&P 500 still ended with its first weekly loss in the last five. Technology stocks and banks led much of the gains, while investors focused on lackluster company earnings from big names like Intel, American Express and Honeywell. So far, Asian markets have taken in stride recent setbacks in vanquishing the pandemic as infections have come roaring back in Japan, Thailand and India, among other countries. Government precautions to battle surging outbreaks point to an uneven global recovery, economists say. That's especially true for tourism, an important industry for many parts of the region. Tokyo's Nikkei 225 added 0.3% to 29,120.12 and the Hang Seng in Hong Kong edged less than 0.1% higher to 29,093.33. In Seoul, the Kospi .

Indices decline for 3rd straight week; Sensex slips 202 pts, ends below 48K

The overall market breadth remained in the favour of the bulls, courtesy rally in the broader markets

Investors dump FMCG for financials; Sensex gains 375 pts, ends above 48K

From a low of 30,555 hit earlier in the day, the Nifty Bank index ended at 31,783, up 2.15 per cent

Wall Street worries over Netflix fatigue as subscriber losses mount

Slowdown in subscriber growth pointed to fatigue among viewers after a year of Covid-19-driven binge streaming.

Global Markets: Wall Street heads for subdued start as Netflix, oil drop

Wall Street fell sharply on Tuesday as a global spike in Covid-19 cases hit travel stocks.

S&P 500, Dow slip as focus turns to tech firms' quarterly earnings

Chipmaker Intel Corp is slated to report results on Thursday.

Wall Street Week Ahead: Tech retakes market lead as investors eye yields

One of the key drivers of the move in tech has been the Treasury market

Indices end choppy day in the green; Sensex up 28 pts; Wipro soars 9%

Wipro, which jumped 10 per cent in the intra-day trade and hit a record high of Rs 474 on the NSE, ended as the top gainer on the Nifty after clocking its best performance in Q4 in a decade

Asian shares mixed as vaccine wait tempers Wall Street optimism

Asian shares were mixed Friday as jubilance over positive US economic data and a Wall Street record high were tempered by caution in the region, where the coronavirus vaccine rollout has lagged. Japan's benchmark Nikkei 225 gained 0.1 per cent to 29,674.31 in morning trading. Australia's S&P/ASX 200 fell nearly 0.1 per cent to 7,052.30. South Korea's Kospi was little changed, inching up less than 0.1 per cent to 3,194.49. Hong Kong's Hang Seng inched down less than 0.1 per cent to 28,771.21, while the Shanghai Composite added 0.2 per cent to 3,406.93. The contrast in the speed of the vaccine rollout has been striking between the US and Asia. Nearly half of American adults have gotten at least one dose of the vaccine, and about 30 per cent of adults in the US have been fully vaccinated, according to the Centers for Disease Control and Prevention. Japan, where inoculations for the public have barely started, has seen a resurgence of infections in recent weeks. The country's western

Wall Street for all? India's beleaguered cryptocurrency crowd fights back

Mobile banking has indeed emerged as a way to end financial exclusion, a chronic problem in all emerging markets

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.

World stocks hit record high as technology shares cheer on Wall Street

Global stocks hit record highs on Friday, as tech shares on Wall Street cheered receding US inflation fears, with the lack of inflation pressure keeping bond yields near two-week lows

Bringing SPACs to India

SPAC, a novel shell company structure, may be useful but effective investor protection measures and education are key

God and man collide in rise and fall of Bill Hwang's life on Wall Street

The story of a mind-boggling fortune made in stealth and then wiped out in a blink has sent shock waves through mighty banks.