Didi takes a breather after four-day losing streak; General Motors gains as Wedbush starts with 'outperform'
Blue chip and key technology stocks on Wall Street hit record highs on Monday as investors bet on outsized US jobs gains for June even as falling oil prices dragged down the broader stock market.The S & P 500 index, which groups the top 500 stocks on the New York Stock Exchange, raced to an all-time high of 4,292 before closing at 4,290, up 0.2 percent on the day.The Nasdaq Composite index, which includes high-flying tech stocks such as Facebook, Amazon, Apple, Microsoft, Netflix and Google, hit an all-time high of 14,505, before settling at 14,500, up almost 1.0 percent.However, the Dow Jones Industrial Average, the broadest US equity barometer on the New York Stock Exchange, fell on the day and finished down 0.4 percent at 34,283.The S & P500 and Nasdaq jumped as investors bet that the US non-farm payrolls report for June, due on Friday, are expected to show a gain of 690,000 jobs versus May's 559,000.The Dow fell as oil prices had their first meaningful drop in a week on ...
Mega-caps Microsoft Corp, Netflix Inc and Facebook Inc gained between 0.4% and 1.3% and were among the biggest boosts to the S&P 500 and the Nasdaq
Tesla shares boost Nasdaq, S&P 500; Lilly jumps on plans to seek approval for Alzheimer's drug
WASHINGTON/LONDON (Reuters) -U.S. stocks were mixed on Wednesday after reassurances from U.S. Federal Reserve Chair Jerome Powell that the Fed is not rushing to raise interest rates, while European stocks remained under pressure.
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
At 670, the number of issues / IPOs in the first five months of CY21 is the second-highest since the calendar year 2000 when 677 IPOs hit the Street globally.
Simon Property drops on bleak outlook; energy stocks fall as oil prices slide
(Reuters) - The S&P 500 and the Dow Jones Industrials hit record highs on Friday, while the technology-heavy Nasdaq index jumped after weak U.S. jobs data eased worries about the Federal Reserve reducing its massive stimulus program anytime soon.
With more than half of S&P 500 companies having already reported results so far, profits are seen rising 46 per cent in the first quarter
Market participants are also prepping for results of Apple Inc and Facebook Inc after markets close.
The backdoor Nasdaq listing will see nine-year-old Grab raise over $4 billion, a record U.S. offering from Southeast Asia.
Shares of mega-cap firms, including Apple, Amazon.com, Facebook and Tesla, fell between 0.3 per cent and 1.8 per cent
At present, the world's biggest stock exchange in terms of market cap is the Hong Kong Exchanges and Clearing, valued at$75.6 billion, followed by American bourse CME Group, valued at $74 billion
The firm had a high-profile debut on the Nasdaq
The San Francisco-based firm was valued at just under $6 billion as recently as last September but has surged in line with bitcoin's gains this year.
Technology and consumer discretionary sectors, which house high-flying technology names that tend to outperform during times of economic uncertainty, rose 0.6% and 0.4%, respectively.
Business Standard breaks down key listing requirements in India, in the US and the possibility in a few other scenarios
According to the sources, the company is approaching merchant bankers, including Goldman Sachs, Morgan Stanley, and JPMorgan, and it expects to finalise the line-up quickly
The S&P 500 fell 5.2 points, or 0.13%, at the open to 3,969.31