The S&P 500 and the Nasdaq opened higher on Wednesday after strong quarterly showing from heavyweights Alphabet and Amazon, while investors counted on more fiscal stimulus to aid an economic recovery.
Indeed, a survey from China on Sunday showed factory activity grew at the slowest pace in five months in January as restrictions took a toll in some regions
Declines were across the board in early trading, with 10 of the 11 major S&P 500 sectors in negative territory
Of the 84 companies that have posted earnings through Tuesday morning, 86.9% have topped analyst expectations, according to Refinitiv data
Officials in President Joe Biden's administration are trying to head off Republican concerns that his $1.9 trillion pandemic relief proposal is too expensive
Dow up 0.83%, S&P 500 up 1.39%, Nasdaq up 1.97%; FAANGs jump after Netflix results beat estimates
The Nasdaq Composite rose 145.4 points, or 1.10%, to an all-time high of 13342.548 at the opening bell
Profits booked in these funds should be deployed in a diversified EM fund
Dow Jones Industrial Average rose 116.19 points, or 0.38%, to 31,178.17, Nasdaq Composite gained 81.07 points, or 0.62 %, to 13,210.89
Seven of the 11 major S&P sectors rose in early trading with healthcare, consumer discretionary and real estate leading gains.
All that happened in the markets today
The Dow Jones Industrial Average fell 101.76 points, or 0.33%, to 30,302.21, the S&P 500 lost 9.84 points, or 0.26%, to 3,725.52 and the Nasdaq Composite dropped 57.54 points, or 0.45%, to 12,841.89
IPOs have been on a tear this year, as companies rode the stock market rally that followed the coronavirus-induced slump. They totaled $220 billion globally, up 25% year-to-date
Nine of the 11 major S&P sectors were higher, with energy stocks rising the most
The Dow Jones Industrial Average fell 16.25 points, or 0.05%, at the open to 30,200.20.
Dow Jones Industrial Average was up 10.51 points, or 0.03 per cent
Analysts now expect investor attention to gradually shift from vaccine approvals to their global distribution
The head of the U.S. Centers for Disease Control and Prevention warned on Wednesday the country will face the grimmest health crisis yet over the next few months
The move could hit companies such as Alibaba, tech firm Pinduoduo Inc and oil giant PetroChina Co Ltd
Pfizer Inc gained about 3.6% as the drugmaker and Germany's BioNTech SE sought emergency approval of their vaccine candidate from the European regulator