Page 43 - Wall Street

Hedge funds, Robinhood face grilling by US Cong over GameStop Reddit rally

The Reddit rally drove massive volatility in GameStop and other shares, prompting the post-trade "clearing" houses that guarantee trades to call for billions of dollars in extra collateral from Robinh

Market mayhem: How were more than 100% of Gamestop shares be shorted?

Short sellers borrow shares from brokers and then sell them into the market, with the agreement that they will buy the shares back and return them to the lender at an agreed upon time.

Wall Street slips at open on gloomy jobless claims data, tech slide

The Dow Jones Industrial Average fell 54.4 points, or 0.17%, at the open

Sensex slips for 3rd day, drops 379 pts, Nifty defends 15,100; ONGC up 8%

Sectorally, the Nifty PSU Bank index jumped another 5.6 per cent today, while the Nifty CPSE and Energy indices settled up to 4 per cent higher

Nasdaq ends lower as investors drop tech cos; inflation concerns weigh

NEW YORK (Reuters) - The Nasdaq closed lower while the S&P 500 was little changed on Wednesday as investors rotated out of technology shares and concerns about inflation added some pressure on stocks.

Robinhood, hedge funds, Roaring Kitty defend Gamestop move ahead of hearing

Last month's Reddit rally drove massive volatility in GameStop and other shares, prompting the post-trade "clearing" houses that guarantee trades to call for billions of dollars in collateral

Nasdaq falls as big tech slides; Federal Reserve minutes in focus

Wall Street's main indexes opened lower on Wednesday as investors stayed away from making big bets ahead of the release of minutes from the U.S Federal Reserve's January meeting.

Bears tighten grip; Sensex slips 400 pts, Nifty holds 15,200; PSBs rally

In the intra-day session, the Sensex and the Nifty indices touched a low of 51,586 and 15,171, respectively.

Rising US yields takes edge off stocks rally, lends support to dollar

Benchmark ten-year U.S. Treasury yields rose as far as 1.3330% in Asia, the highest since February 2020, although they later eased back to 1.2989%

Stimulus hopes drive Dow to closing peak but interest rate worries loom

NEW YORK (Reuters) - The Dow Jones Industrial Average notched a record closing high on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U.S. economy from a coronavirus-driven slump.

Cyclicals shine as Wall Street scales new peak on stimulus, recovery bets

(Reuters) - Wall Street's main indexes hit all-time highs on Tuesday, with investors piling into economically sensitive stocks on hopes of more fiscal aid to lift the world's biggest economy from a coronavirus-driven slump.

Global shares hit record high as investors bet on Covid-19 recovery

Recovery hopes in Britain sent sterling to 2-1/2 year highs, just short of $1.40 against the dollar

Sensex ends flat after volatile trade, holds 52k; IT stks dip, metals shine

The broader markets ended higher today with the S&P BSE MidCap and SmallCap indices settling 0.2 per cent and 0.43 per cent up, respectively

World stocks look to extend bull run to 12th day on economic optimism

Oil prices soared to a 13-month high as a deep freeze due to a severe snow storm in the United States not only boosted power demand but also threatened oil production in Texas

D-Street party continues; Sensex ends 610 pts higher at 52,154; banks rally

The Nifty Bank index stole the show and hit a new peak of 37,309 levels, up 1,200 points in the intra-day trade. The index closed 1,197 points, or 3.3 per cent, higher at 37,306 levels

Roaring Kitty to testify on GameStop alongside hedge fund managers

The witness list was announced on Friday by Congresswoman Maxine Waters and includes Keith Gill, who also goes by Roaring Kitty

Wall Street opens lower; investors grow cautious on outlook

The market remains focused on trillions of dollars of potential government aid that could be coming for the economy, as Democrats move forward with their stimulus package.

Sensex ends volatile trade 12 pts up; RIL jumps 6% this week, ITC down 7%

On the sectoral front, the Nifty Metal index skid 1.7 per cent, followed by the Nifty FMCG index declined 1.5 per cent

S&P 500, Nasdaq drift towards record highs as data fuels stimulus bets

Other payments companies PayPal Holdings Inc and Visa Inc gained 7% and 2%, respectively.

Wall Street opens higher after US President Biden speaks with Xi Jinping

Wall Street is opening higher Thursday, after President Joe Biden held his first talk with Chinese leader Xi Jinping since taking office. The S&P 500 was up 0.3 per cent in the first minutes of trading to 3,921, heading toward another record high. Dating app Bumble begins trading later today. Rival Match Group hit an all-time high on Wednesday. Stocks have been rising after a government inflation report suggested the US economy can absorb more stimulus without overheating. The yield on the 10-year Treasury note held at 1.15 per cent after being as high as 1.20 per cent earlier this week. Oil prices were lower. World stock indexes were mostly higher on Thursday after President Joe Biden held his first conversation with Chinese leader Xi Jinping since taking office, though there was no indication of any major change in US trade policy. Many markets in Asia were closed for the Lunar New Year and other holidays. Benchmarks in Paris, Frankfurt and Hong Kong, rose, while London was ...