Page 45 - Wall Street

Budget-rally extends on D-St; Sensex surges 1,197 pts; SBI up 6%, TaMo 17%

The Sensex index reclaimed the 50,000 level in intra-day deals and hit a high of 50,154

Robinhood raising more debt to fulfill Reddit-fueled order frenzy: Report

The capital raised would be separate from the $3.4 billion in financing that Robinhood announced on Monday it had secured from its investors since Jan. 29

Wall Street opens higher as retail trading frenzy moves to silver

Wall Street's main indexes opened higher on Monday

Indices post biggest Budget-day gain; Sensex ends 2,315 points up at 48,601

All that happened in the markets today

After GameStop, Wall Street gears up for second bout against Reddit traders

Some of Wall Street's largest hedge funds are still licking their wounds after retail traders sought to drive up the prices of stocks that were heavily bet against

Best of BS Opinion: Staring at an abyss, Occupy Wall Street 2.0, and more

Here's a selection of Business Standard opinion pieces for the day

Occupy Wall Street 2.0

The GameStop saga has opened up a new frontier of anger against the financial elites. It is Occupy 2.0 with a big difference

Best of BS Opinion: Budget for the victims, the Wall Street game, and more

Here's a selection of Business Standard opinion pieces for the day

Markets see worst weekly setback since May, Sensex off 7.8% from peak

FPIs sell Rs 5,931 crore on Friday, most since March

The Wall Street game

Price moves in GameStop (listed as GME on the NYSE) have caused over $5 billion in hedge fund losses and pushed one fund to near-bankruptcy

Sensex ends 588 pts lower at 46,285, down 5% in a week ahead of Budget 2021

Both the benchmarks have erased around 5 per cent during the week

Small investors behind surge in GameStop and other shares hit by curbs

GameStop, the video game retailer whose 1,700% rally has been at the heart of the slugfest in the past week, initially rallied to more than $480 a share on Thursday

'Dumb money' is on GameStop, beating Wall Street at its own game

Shares soar 1,700% as millions of small investors partake in the frenzy

McDonald's earnings miss estimates as Europe lockdowns squash sales

Several European countries announced tough restrictions as the health crisis spiraled out of control late last year, adding to the woes of the restaurant industry

Wall Street opens higher shrugging off bleak GDP, jobless claims data

The Dow Jones Industrial Average rose 74.0 points, or 0.24%, at the open to 30377.19

Mastercard beats Wall Street profit estimates as customers spend more

Excluding items, Mastercard reported net income of $1.6 billion for the quarter ended Dec. 31, or $1.64 per share, compared with $2 billion a year earlier, or $1.96 a share

F&O Expiry: Sensex sinks 536 pts; broader mkts outperform; bank stocks up

In the broader market, the S&P BSE MidCap index ended 0.4 per cen lower while the smallcap counterpart closed down 0.45 per cent.

US stocks suffer worst one-day loss in 3 months due to overbought markets

US stocks suffered their worst one-day loss in three months on Wednesday, with the three major equity indexes tumbling more than 2 per cent each, amid fears the market had been overbought after a rally with few breaks since late October.The Dow Jones Industrial Average, the broadest gauge of the New York Stock Exchange, lost 634 points, or 2.1 per cent, to close the day 30,303. The last time the index lost more was on October 28, when it fell 3.5 per cent.The S & P 500, a barometer for the top 500 US stocks, settled down 2.6 per cent at 3,751.The technology-laden Nasdaq index, which counts on the performance of industry giants such as Facebook, Apple, Amazon, Netflix and Google, also tumbled 2.6 per cent to finish at 13,271."It's a jittery moment for markets at the start of the year, with investors craving constant reassurance that the rug won't be pulled out from beneath them," Craig Erlam, an analyst at New York-based equities broker OANDA. "The current COVID situation creating .

Tesla profit, vague vehicle delivery forecast disappoint Wall Street

Investors had hoped for a significant increase over the company's 2020 delivery goal of half a million vehicles, but Tesla provided only a vague outlook and did not state a concrete delivery goal.

Apple tops Wall Street expectations on record iPhone revenue, stock gains

Apple shipped its iPhone 12 lineup several weeks later than usual, but an expanded number of models and new look appear to have tapped into pent up demand for upgrades, especially in China