Page 38 - Wall Street
S&P 500 hits record high ahead of Joe Biden's spending plan outline
The size and scale of the proposal, as well as the question of how it would be paid for is likely to set the stage for the next partisan clash in Congress.
 "S&P 500 hits record high ahead of Joe Biden's spending plan outline")
Wall Street opens higher on optimism over Joe Biden spending plan
Tech stocks lifted all three major indexes on Wednesday as investors awaited details on US President Joe Biden's massive infrastructure plan, while Wall Street eyed its fourth straight quarterly gain
 "Wall Street opens higher on optimism over Joe Biden spending plan")
The start-up enemies of Wall Street are booming
Times are flush for young tech companies like Stripe and Coinbase, which are having a moment as they upend the financial establishment
 "The start-up enemies of Wall Street are booming")
Wells Fargo says no losses from Archegos downfall
(Reuters) - Wells Fargo & Co said on Tuesday it had a prime brokerage relationship with Archegos Capital and it did not experience any losses related to the closing of its exposure.
 "Wells Fargo says no losses from Archegos downfall")
US SEC says it's been monitoring Archegos fallout since last week
"We have been monitoring the situation and communicating with market participants since last week," an SEC spokesperson said in emailed statement
 "US SEC says it's been monitoring Archegos fallout since last week")
Biggest Japan bank joins Nomura in bracing for Archegos loss: Report
Japan's largest bank warned of a potential $300 million loss related to a US client, a hit that's linked to Archegos, a person familiar with the matter said
 "Biggest Japan bank joins Nomura in bracing for Archegos loss: Report")
Credit Suisse girds for billions in losses from Archegos Capital hit
The Swiss bank expects its loss tied to the implosion of Archegos Capital Management to run into the billions, according to people with knowledge of the matter
 "Credit Suisse girds for billions in losses from Archegos Capital hit")
Sensex, Nifty jump over 2% to record highest increase in 2 months
Sensex leaps 1,128 points to reclaim 50,000, Nifty rises 338 points as it moves near 15,000-mark
 "Sensex, Nifty jump over 2% to record highest increase in 2 months")
Opaque world of trading
Archegos implosion: Regulators must ask some serious questions
GameStop shakeup rolls on, hires Amazon executive as chief growth officer
The company's shares, which were at the heart of a Reddit-driven retail trading frenzy early this year, rose nearly 5% in pre-market trading
 "GameStop shakeup rolls on, hires Amazon executive as chief growth officer")
Wall Street opens lower as spike in US bond yields pressures tech stocks
The Dow Jones Industrial Average fell 43.5 points, or 0.13%
 "Wall Street opens lower as spike in US bond yields pressures tech stocks")
Wall Street opens lower on hedge fund default concerns; Nasdaq down 0.78%
The S&P 500 fell 5.2 points, or 0.13%, at the open to 3,969.31
US futures slip as bank stocks fall on hedge fund default concerns
ViacomCBS, Baidu and VIPShop fell between 0.2% and 1.5%
Wall Street rallies on strong recovery hopes
NEW YORK (Reuters) - The S&P 500 and Dow rose in a broad-based rally on Friday with technology, healthcare and financial stocks providing the biggest lift as investors bet on a recovery that is expected to deliver the fastest economic growth since 1984.
Tech stocks drag Wall Steer lower in choppy trade
NEW YORK (Reuters) - The Nasdaq slid on Thursday as investors sold technology shares and bought underpriced stocks likely to do well on expectations the U.S. economy grows at its fastest pace in decades this year.
Robinhood aims to allow users to buy into IPOs: Report
(Reuters) - Robinhood Markets Inc is building a platform to "democratize" initial public offerings (IPOs), including its own, that would allow users of its trading app to snap up shares alongside Wall Street funds, according to people familiar with the matter.
 "Robinhood aims to allow users to buy into IPOs: Report")
Banks, energy stocks drag Wall Street lower; Joe Biden's presser in focus
Ten of the 11 S&P sectors fell in early trading
S&P 500 slips as tech stocks pull market lower
NEW YORK (Reuters) - The S&P 500 closed lower on Wednesday, unable to halt the prior day's selloff, as investors set aside optimism about the economic recovery by Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen.
 "S&P 500 slips as tech stocks pull market lower")
Wall Street rises on tech rebound; Tesla gains
NEW YORK (Reuters) - U.S. stocks rallied on Monday as technology stocks rebounded from a recent selloff sparked by surging bond yields and Tesla jumped after a fund run by an influential investor in the electric-car maker said its shares could approach $3,000 by 2025.
Facebook lifts S&P 500 and Nasdaq as US Treasury yields pause
Reversing a recent trend, so-called growth stocks mostly outperformed value stocks viewed as more likely to outperform as the economy recovers from the coronavirus pandemic