On Wall Street, the S&P 500 reached its sixth consecutive all-time closing high on upbeat economic data, and European shares ended higher on a rally in crude prices
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 ...
WASHINGTON/LONDON (Reuters) -Wall Street notched broad gains on Friday, with the S&P 500 index closing at a record and global shares also finished at an all-time high, while oil prices rose for a fifth straight week.
SHANGHAI (Reuters) - Asian shares rose on Friday, tracking gains on Wall Street overnight that lifted the Nasdaq and the S&P 500 indexes to record highs after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.
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
Demand is up across the board, from die-hard day traders piling into meme stocks, to exchange-traded funds and even once-cautious hedge funds now raising leverage to boost exposure
S & P Global Ratings has affirmed B ratings on Tata Motors and revised outlook to stable on improving underlying demand.S & P said the company's sales for the fourth quarter of fiscal 2021 indicate a material improvement in underlying demand for both commercial vehicles and passenger cars.The commercial vehicle business reported its strongest quarterly sales since fiscal 2019 while the passenger car business continued to gain market share.The passenger car business also turned EBITDA positive in fiscal 2021 and EBITDA margin is likely to improve further to mid-single-digit level in fiscal 2022."Although the second wave of Covid-19 infections has increased risks around these estimates, our base case assumes operational disruptions will be mainly in the first quarter of fiscal 2022," said S & P."We anticipate earnings will recover in the rest of fiscal 2022 as restrictions ease, similar to what we saw after the first wave in fiscal 2021."The agency estimates earnings at Tata
US stocks ended lower on Tuesday as a sharp decline in telecom stocks and weak housing starts data overshadowed better-than-expected earnings from Walmart and Home Depot
Taiwan's government on Monday had to reassure investors it would stabilise stock and foreign exchange markets if needed amid a spike in Covid-19 cases
Global stocks headed for their first weekly gain in three amid a surge in commodity prices, while traders braced for a key US jobs report later on Friday
Apple Inc gained 1.0% after posting sales and profits ahead of Wall Street estimates
Market participants are also prepping for results of Apple Inc and Facebook Inc after markets close.
Eight out of the 11 major S&P 500 sectors traded higher in the first half hour of trading
Chipmaker Intel Corp is slated to report results on Thursday.
Nine of the 11 S&P indexes were trading higher
BlackRock edges higher as quarterly profit beats estimates; PepsiCo up as it bets on higher soda sales
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.
(Reuters) - The S&P 500 opened nearly flat on Tuesday as data showed consumer prices increased by the most in more than 8-1/2 years in March, while Johnson & Johnson slipped as federal health agencies recommended pausing the use of its COVID-19 vaccine.
The S&P 500 technology sector fell the most among the 11 major S&P 500 sectors