Key News Overnight: The Dow Jones Industrial Average closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots. The Dow Jones Industrial Average rose 0.9% to end at 34,549 points, while the S&PRead more
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Key News Overnight: The Dow Jones Industrial Average ended at a record high on Wednesday, driven higher by energy and other economically sensitive sectors, while the Nasdaq closed in red as megacap growth stocks slipped. The Dow closed at 34,230, up by 0.3%, while the S&P 500 gained 3 points, or 0.1%, to 4,168. TheRead more
Key News Overnight: The Nasdaq ended sharply lower on Tuesday as investors dumped megacap growth stocks to seek shelter in more defensive parts of the market, amid concerns on rising interest rate and uncertainty over an upcoming jobs report. The Nasdaq Composite dropped 262 points, or 1.9%, to 13,634, while the S&P 500 lost 28Read more
Key News Overnight: The S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and “economy reopening” stocks continued. The Dow Jones Industrial Average rose 0.7% to close at 34,113 points,Read more
Key News Overnight: Wall Street ended lower on Friday, with Amazon, Apple, Alphabet and other tech-related companies weighing on the S&P 500 and Nasdaq despite recent strong quarterly earnings reports. The Dow Jones Industrial Average fell 0.5% to end at 33,875 points, while the S&P 500 lost 0.7% to 4,181. The Nasdaq Composite dropped 0.9%,Read more
Key News Overnight: The S&P 500 closed at a record high on Thursday, fuelled by gains in Facebook following its strong earnings report, while Amazon jumped in extended trade following its quarterly report. The Dow Jones Industrial Average rose 0.7% to end at 34,060 points, while the S&P 500 gained 0.7% to 4,211. The NasdaqRead more
Key News Overnight: Wall Street ended lower on Wednesday after the U.S. Federal Reserve held interest rates and its monthly bond-buying program steady and gave no sign it was ready to reduce its support for the recovery. The Dow Jones Industrial Average fell 0.5% to end at 33,820 points, while the S&P 500 lost 0.1%Read more
Key News Overnight: Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the S&P 500 and Dow ending near flat as investors focused on wave of earnings reports from Microsoft, Alphabet and other corporate heavyweights. The Dow Jones Industrial Average rose 0.01% to end at 33,985 points, while the S&P 500Read more
Key News Overnight: The S&P 500 and Nasdaq closed at record highs on Monday, fuelled by Tesla Inc and other heavyweight growth stocks ahead of a deluge of earnings reports this week. The Dow Jones Industrial Average fell 0.2% to end at 33,982 points, while the S&P 500 gained 0.2% to 4,188. The Nasdaq CompositeRead more
Key News Overnight: U.S. stocks dived on Thursday on reports President Joe Biden planned to almost double the capital gains tax, news analysts said provided an excuse to take profits in a directionless market ahead of big tech’s earnings next week. The Dow Jones Industrial Average fell 0.9% to 33,816, the S&P 500 lost 0.9%Read more