Page 34 - Wall Street

Global equities rise as US bond yield fears ease

NEW YORK (Reuters) - A gauge of global equity markets rose on Wednesday after Federal Reserve Chair Jerome Powell said interest rates will remain low, calming market jitters sparked by a jump in U.S. Treasury yields on fears that a robust recovery would drive inflation higher.

GameStop stock doubles in afternoon; even Reddit is surprised

NEW YORK (Reuters) - GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer's stock price would stabilize after recent hearings in the U.S. Congress into the fierce rally and steep dive that upended Wall Street in January.

From BSE to Tokyo Stock Exchange, here's a history of trading outages

Often the causes are software glitches, hardware failures and internet connectivity problems

Wall Street opens lower as technology stock declines resume

High-flying growth stocks continued to be pressured by valuation concerns

GameStop finance head to step down as company shifts into tech-driven sale

GameStop said Bell's resignation was not due to any disagreement with the company relating to its operations, including accounting principles and practices

S&P 500, Dow closes higher in late session turnaround

NEW YORK (Reuters) - Wall Street reversed course late Tuesday, with the S&P 500 and the Dow whipsawing to positive territory by the closing bell in a tug-of-war between stocks that thrived amid lockdowns and those that stand to benefit most from a reopening economy.

Analysis: Bubbles, bubbles bound for trouble?

LONDON (Reuters) - The $6.2 billion-an-hour rise in the value of world stocks since March was dubbed the "mother of all asset bubbles" by BofA analysts last week - and all of a sudden there is a high-pitched hissing sound.

Tech selloff hits Nasdaq, Jerome Powell comments limit declines

(Reuters) - The Nasdaq index fell in volatile trading on Tuesday as investors sold off mega-cap growth stocks on valuation concerns, although Federal Reserve Chairman Jerome Powell's comments on the economy helped ease some selling pressure.

Macy's forecasts upbeat 2021 sales on stimulus checks, online shoppers

The upbeat outlook from the US retailer follows better-than-expected sales in the holiday quarter as stimulus checks and strong online demand eased the blow from the health crisis

Nasdaq erases this year's gains in 3% rout, hits lowest level since Jan 29

Tesla Inc. dropped as much as 13% as investors continued to punish stocks that have led the rally from the depths of the pandemic a year ago

Wall Street opens lower ahead of Fed Chairman Jerome Powell's speech

Wall Street's main indexes opened lower on Tuesday as investors sold off high-flying growth stocks on valuation concerns ahead of Federal Reserve Chairman Jerome Powell's testimony before Congress

Asian shares mostly higher amid coronavirus vaccine optimism

Asian shares were mostly higher Tuesday despite a sell-off of shares in technology companies on Wall Street. Japanese markets were closed for a national holiday. South Korea's Kospi slipped 0.4% in morning trading to 3,066.60. Australia's S&P/ASX 200 gained 0.6% to 6,821.70. Hong Kong's Hang Seng jumped 1.2% to 30,681.83, while the Shanghai Composite rose 0.3% to 3,653.62. Thankfully, for society at large, there is more optimism than fear today, with vaccines showing scientific results on the ground that validate efficacy and effectiveness over transmission, leading the world back to normality starting soon, said Stephen Innes, chief global markets strategist at Axi. Although the world's economies have been battered by the coronavirus pandemic, the deployment of COVID-19 vaccines is raising hopes for a recovery from the pandemic. On Wall Street, the S&P 500 fell 0.8% to 3,876.50, extending its losses to a fifth straight day. The benchmark index was just about evenly split ...

Indices snap 5-day losing streak; Sensex ends flat; Nifty Metal gains 4%

In the broader markets, the Nifty MidCap 100 and SmallCap 100 indices settled with gains of about 1 per cent on the NSE

Wall Street falls at open on inflation concerns and rising yields

The Dow Jones Industrial Average fell 113.2 points, or 0.36%, at the open to 31381.12

Global trends to guide markets; indices may remain range-bound: Analysts

Markets had registered sharp gains post the Union Budget, but last week profit-taking was witnessed

Gamestop mania: Robinhood, Citadel spar with lawmakers over retail trading

The exchange elicited a mea culpa from Tenev, who admitted the brokerage fell short of meeting its customers' needs

Sensex gives up 51K amid broad-based sell-off, dips 435 pts; PSBs, auto hit

The Nifty PSU bank index ended as the top laggard on the NSE, down 4.7 per cent, after surging nearly 6 per cent each over the past two days

Dollar snaps two-day winning streak, bitcoin hovers near record highs

NEW YORK (Reuters) - The dollar lost ground on Thursday, ending its first two-day winning streak in two weeks as disappointing labor market data tempered expectations for a speedy economic recovery from the global health crisis.

Hedge funds, Robinhood face grilling by US Cong over GameStop Reddit rally

The Reddit rally drove massive volatility in GameStop and other shares, prompting the post-trade "clearing" houses that guarantee trades to call for billions of dollars in extra collateral from Robinh

Market mayhem: How were more than 100% of Gamestop shares be shorted?

Short sellers borrow shares from brokers and then sell them into the market, with the agreement that they will buy the shares back and return them to the lender at an agreed upon time.