Wall Street Sees Mixed Movement as Tech Slips, Banks Rally
Bank stocks surged on strong earnings, while tech stocks slipped, dragging the S&P 500 and Nasdaq lower. Investors await more earnings and key economic data.
Tech Giants Propel Nasdaq Higher as Dow Jones and S&P 500 Also See Gains
Tech stocks led by Apple and Tesla drove Nasdaq up 0.8%, while Dow Jones and S&P 500 also gained, as investors await key labor market data for interest rate clues
Bank Earnings Propel U.S. Stocks to New Highs Surging Economic Optimism
U.S. stocks are surging to new highs, driven by strong bank earnings and a resilient economy. As investor optimism grows, major financial institutions report impressive profits, signaling confidence in the ongoing recovery. The market’s recent rally is bolstered by various economic indicators, prompting investors to closely monitor earnings announcements and economic data for further clues about the market’s direction.
455,000 jobs were added in March, exceeding estimates: ADP
ADP reports that private payrolls increased by 455,000 in March, exceeding estimates. According to ADP, a payroll processing firm, employers increased employment opportunities at a steady pace in March, indicating that hiring remains strong despite signs of a tightening labor market. The increase in private average wages in August was 455,000, about in line with […]
S&P 500, Dow hit record highs as defensive shares shine
The benchmark S&P 500 and the Dow industrials hit record highs on Monday as investors moved into defensive sectors and stocks recovered from losses earlier in the session, shaking off glum economic data out of China.
Wall Street reverses losing streak on renewed hopes of economic revival
Wall Street rebounded on Tuesday, snapping a multi-day losing streak as a string of upbeat earnings and revived economic optimism fueled a risk-on rally.
S&P 500 ends higher after Fed Chair Powell lulls market
The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.
Asian shares lower on U.S. inflation jitters
Asian shares fell on Wednesday after data showing the biggest jump in U.S. inflation in 13 years fuelled some market expectations that the Federal Reserve could exit pandemic-era stimulus earlier than previously thought.
S&P 500, Nasdaq post record closing highs after Fed minutes
U.S. stocks ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy.
S&P 500 flirts with record high as month, quarter draw to a close
Wall Street was muted on Wednesday and the S&P teased its fifth straight record closing high as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.
