The roll out of coronavirus vaccines has emboldened investors, along with the U.S. Federal Reserve's expressed readiness to keep policy accommodative, strategists said
Investors hoped that Covid-19 vaccine rollouts and a bigger fiscal aid would help the world's largest economy recover
The Dow Jones Industrial Average fell 101.76 points, or 0.33%, to 30,302.21, the S&P 500 lost 9.84 points, or 0.26%, to 3,725.52 and the Nasdaq Composite dropped 57.54 points, or 0.45%, to 12,841.89
Bets that fiscal aid will speed up a vaccine-led recovery in the economy boosted sentiment in the final days of the year
Most markets worldwide, including European and US indices, were in the green, with Wall Street's main indices hitting record highs in early trading
Dow Jones Industrial Average rose 204.85 points, or 0.68%, to 30,404.72, the S&P 500 gained 25.82 points, or 0.70%, to 3,728.88
Trading volumes are expected to be slim in the final week of the year, with stock markets being shut on Friday for New Year holiday.
The SEC's approval of the NYSE's listing plan threatens to overhaul the US IPO market
The Dow Jones Industrial Average fell 20.05 points, or 0.07%, at the open to 30,159.00
(Reuters) - Wall Street retreated from record highs on Friday as a coronavirus stimulus deal remained in focus ahead of a weekend deadline, while Tesla shares hit their highest in anticipation of their addition to the S&P 500 next week.
Dow Jones Industrial Average was up 10.51 points, or 0.03 per cent
Asian stock markets declined Friday after Wall Street hit a new high on optimism about economic stimulus and coronavirus vaccine development despite a spike in US unemployment claims. Shanghai, Tokyo and Hong Kong retreated. Overnight, Wall Street's benchmark S&P 500 index gained for a third day on optimism about progress in Washington toward a new economic aid package while the government reported the highest level of new jobless claims in three months. Market action suggested investors see bad data is good news for progress toward a stimulus, said Mizuho Bank in a report. The Nikkei 225 in Tokyo lost 0.2% to 26,760.30 while the Shanghai Composite Index was down less than 0.1% at 3,403.87. The Hang Seng in Hong Kong lost 0.7% to 26,490.37. The Kospi in Seoul lost less than 0.1% to 2,770.22 and Sydney's S&P-ASX 200 sank 0.7% to 6,710.00. New Zealand, Singapore and Jakarta also retreated. Investors have been waiting since before the American presidential election Nov. 3 for ...
The Dow Jones Industrial Average rose 61.46 points, or 0.20 per cent
The S&P 500 opened higher by 1.63 points, or 0.04 per cent, at 3,696.25
The Dow Jones Industrial Average rose 57.54 points, or 0.19 per cent
The Dow Jones Industrial Average rose 77.54 points, or 0.26 per cent, at the open to 30,123.91
Indians are placing bigger-than-ever bets on US stocks this year as the American stock market has recovered faster than markets in India and other emerging nations
NEW YORK (Reuters) - U.S. stocks rose on Tuesday as each of the major averages touched record levels in part due to a boost from the healthcare sector on positive COVID-19 vaccine news, while uncertainty over fresh fiscal stimulus held gains in check.
The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on more than 550 of the top traded coins, the companies said
The Biden team is poised to include alumni of finance, venture capital, private equity and asset management