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Page 30 - Wall Street

S&P 500 rides Microsoft, Amazon to record close north of 4,000

Unofficially, the Dow Jones Industrial Average rose 0.53% to end at 33,155.85 points, while the S&P 500 gained 1.19% to 4,020.07.

S&P 500 rides Microsoft, Amazon to record close north of 4,000
Updated On : 02 Apr 2021 | 2:58 AM IST

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%

S&P 500 hits 4,000 mark for first time on tech strength, reopening optimism
Updated On : 01 Apr 2021 | 7:51 PM IST

S&P 500 hits record high ahead of Joe Biden's spending plan outline

The size and scale of the proposal, as well as the question of how it would be paid for is likely to set the stage for the next partisan clash in Congress.

S&P 500 hits record high ahead of Joe Biden's spending plan outline
Updated On : 31 Mar 2021 | 10:05 PM IST

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 higher on optimism over Joe Biden spending plan
Updated On : 31 Mar 2021 | 7:45 PM IST

The start-up enemies of Wall Street are booming

Times are flush for young tech companies like Stripe and Coinbase, which are having a moment as they upend the financial establishment

The start-up enemies of Wall Street are booming
Updated On : 31 Mar 2021 | 10:52 AM IST

Wells Fargo says no losses from Archegos downfall

(Reuters) - Wells Fargo & Co said on Tuesday it had a prime brokerage relationship with Archegos Capital and it did not experience any losses related to the closing of its exposure.

Wells Fargo says no losses from Archegos downfall
Updated On : 31 Mar 2021 | 2:33 AM IST

US SEC says it's been monitoring Archegos fallout since last week

"We have been monitoring the situation and communicating with market participants since last week," an SEC spokesperson said in emailed statement

US SEC says it's been monitoring Archegos fallout since last week
Updated On : 31 Mar 2021 | 1:32 AM IST

Biggest Japan bank joins Nomura in bracing for Archegos loss: Report

Japan's largest bank warned of a potential $300 million loss related to a US client, a hit that's linked to Archegos, a person familiar with the matter said

Biggest Japan bank joins Nomura in bracing for Archegos loss: Report
Updated On : 31 Mar 2021 | 1:18 AM IST

Credit Suisse girds for billions in losses from Archegos Capital hit

The Swiss bank expects its loss tied to the implosion of Archegos Capital Manag­ement to run into the billions, according to people with knowledge of the matter

Credit Suisse girds for billions in losses from Archegos Capital hit
Updated On : 31 Mar 2021 | 1:16 AM IST

Sensex, Nifty jump over 2% to record highest increase in 2 months

Sensex leaps 1,128 points to reclaim 50,000, Nifty rises 338 points as it moves near 15,000-mark

Sensex, Nifty jump over 2% to record highest increase in 2 months
Updated On : 31 Mar 2021 | 12:35 AM IST

Opaque world of trading

Archegos implosion: Regulators must ask some serious questions

Opaque world of trading
Updated On : 30 Mar 2021 | 11:45 PM IST

GameStop shakeup rolls on, hires Amazon executive as chief growth officer

The company's shares, which were at the heart of a Reddit-driven retail trading frenzy early this year, rose nearly 5% in pre-market trading

GameStop shakeup rolls on, hires Amazon executive as chief growth officer
Updated On : 30 Mar 2021 | 9:18 PM IST

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%

Wall Street opens lower as spike in US bond yields pressures tech stocks
Updated On : 30 Mar 2021 | 7:52 PM IST

Wall Street opens lower on hedge fund default concerns; Nasdaq down 0.78%

The S&P 500 fell 5.2 points, or 0.13%, at the open to 3,969.31

Wall Street opens lower on hedge fund default concerns; Nasdaq down 0.78%
Updated On : 29 Mar 2021 | 8:06 PM IST

US futures slip as bank stocks fall on hedge fund default concerns

ViacomCBS, Baidu and VIPShop fell between 0.2% and 1.5%

US futures slip as bank stocks fall on hedge fund default concerns
Updated On : 29 Mar 2021 | 5:26 PM IST

Wall Street rallies on strong recovery hopes

NEW YORK (Reuters) - The S&P 500 and Dow rose in a broad-based rally on Friday with technology, healthcare and financial stocks providing the biggest lift as investors bet on a recovery that is expected to deliver the fastest economic growth since 1984.

Wall Street rallies on strong recovery hopes
Updated On : 27 Mar 2021 | 3:29 AM IST

Tech stocks drag Wall Steer lower in choppy trade

NEW YORK (Reuters) - The Nasdaq slid on Thursday as investors sold technology shares and bought underpriced stocks likely to do well on expectations the U.S. economy grows at its fastest pace in decades this year.

Tech stocks drag Wall Steer lower in choppy trade
Updated On : 26 Mar 2021 | 2:46 AM IST

Robinhood aims to allow users to buy into IPOs: Report

(Reuters) - Robinhood Markets Inc is building a platform to "democratize" initial public offerings (IPOs), including its own, that would allow users of its trading app to snap up shares alongside Wall Street funds, according to people familiar with the matter.

Robinhood aims to allow users to buy into IPOs: Report
Updated On : 26 Mar 2021 | 2:45 AM IST
Updated On : 25 Mar 2021 | 8:29 PM IST

S&P 500 slips as tech stocks pull market lower

NEW YORK (Reuters) - The S&P 500 closed lower on Wednesday, unable to halt the prior day's selloff, as investors set aside optimism about the economic recovery by Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen.

S&P 500 slips as tech stocks pull market lower
Updated On : 25 Mar 2021 | 3:07 AM IST