Page 34 - Wall Street

Wall St turns positive after choppy trading due to higher jobless claims

NEW YORK (Reuters) -U.S. stock markets turned positive on Thursday as investors digested data showing a two-month high in unemployment claims as the country still grapples with the pandemic, while yields on safe-haven assets such as U.S. Treasuries eased.

S&P 500, Dow fall as jobless claims rise; megacaps boost Nasdaq

The Labor Department's report showed the number of Americans filing new claims for unemployment benefits increased by 51,000 to a seasonally adjusted 419,000 in the week ended July 17.

Global markets follow Wall St higher for second day as virus fears recede

Global stock markets followed Wall Street higher Thursday for a second day as optimism about an economic recovery appeared to outweigh concern over rising coronavirus cases and inflation. Market benchmarks in Frankfurt, Shanghai and Hong Kong advanced. London opened down less than 0.1 per cent. Japanese markets were closed for a holiday. Wall Street futures rose after the S&P 500 index climbed 0.8 per cent overnight. That put it on track for a weekly gain after rebounding from Monday's 1.6 per cent loss. Investors are wavering between optimism about a global recovery and unease that it might be delayed by the spread of the virus's more contagious delta variant. They also worry central bankers might feel pressure to tame rising inflation by rolling back easy credit. The delta variant remains an ever-present downside risk for the markets in the near-term," said Craig Erlam of Oanda in a report, but as long as inflation remains only a temporary problem, it also keeps central bank ...

Sensex climbs 639 pts, Nifty tops 15,800; IT, metal stocks outperform

Signs of a strong corporate earnings season lifted demand for risky equities

Wall Street rises on upbeat earnings, recovery optimism; Dow up 260 pts

Coca-Cola Co rose 1.9% after boosting its full-year sales forecast, while Verizon Communications Inc added 1.1% after it beat estimates for quarterly results

Netflix growth plan tops Wall St watchlist as lockdown love fades

Netflix has forecast it would add just 1 million subscribers globally in the second quarter, a tenth of what it added a year ago when COVID-19 restrictions forced people to seek entertainment at home.

Corporate bond credit spreads widen as investors shun risk

The spread on the ICE BofA US High Yield Index, a commonly used benchmark for the junk bond market, spiked from 318 basis points on Friday to 344 basis points as of the last update late Monday

Dow jumps over 600 pts as value stocks lift Wall Street after steep selloff

Financials, energy, industrials lead advance; IBM rises as revenue beats on cloud strength

Wall Street rises after steep selloff, strong results boost IBM

Nine of the 11 major S&P 500 sector indexes were trading higher, with the S&P 500 banks index rising 0.7%.

Sensex sheds 355 pts; Nifty below 15,650; smallcaps bleed

In the global markets, mainstream indices in Japan, South Korea. and Australia declined in the range of 0.35 to 0.96 per cent

Investors flee stocks, pile into bonds as Covid-19 surges; oil plunges

Stocks on Wall Street fell as much as 2% on Monday, as a rise in worldwide coronavirus cases and increasing US deaths drove investors out of risky assets, crushing bond yields and share prices

Dow drops 750 pts amid Covid surge, sees worst day since late Oct

Shares of travel-related companies, which had just begun to climb after suffering steep losses during pandemic-driven lockdowns last year, fell again on Monday

Wall Street dips as declines in cyclical stocks outweigh growth boost

The Commerce Department said retail sales rebounded 0.6% last month, as spending is shifting back to services, bolstering expectations that economic growth accelerated in the second quarter

Sensex gyrates 294 pts, ends 19 pts down; Nifty holds 15,900; IT, banks dip

The mid- and small-cap indices meanwhile, outperformed and ended over 0.4 per cent higher each

Wall Street dips as earnings gather pace, jobless claims fall

Eight of the 11 major S&P 500 sector indexes were trading lower, with technology falling 0.5% and set to snap a four-day winning streak.

Sensex adds 134 pts; Mindtree jumps 8%, Wipro adds 7%, realty stocks slip

In the primary market, the Rs 9,300-crore initial public offer (IPO) of Zomato was subscribed 57 per cent till 3:30 PM on the first day of the issue

Banks, RIL lift Sensex 397 pts; broader indices underperform

ICICI Bank (up 2.7 per cent), HDFC, Axis Bank, Sun Pharma, and NTPC were the top gainers on the frontline S&P BSE Sensex

Sensex fluctuates 491 pts, ends 13 pts down; realty stocks rally; IT slide

The broader markets, on the flipside, outperformed the benchmarks with the BSE MidCap and SmallCap indices rallying 0.40 per cent and 0.75 per cent, respectively

Decarbonisation isn't goal, human welfare is: World Resources Institute CEO

Dasgupta tells Subhomoy Bhattacharjee that India's requirements to ensure energy for all its citizens and raise per capita income should be an acceptable part of global climate strategy

Growth worries, Chinese tech rout drag Wall Street lower; Dow tanks 500 pts

Weekly jobless claims rise unexpectedly last week; economy linked stocks, mega-cap tech names under pressure