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in BUSINESSWall Street rises with economic hopes; bank stocks jump
U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery. Bank stocks powered the day’s advance, with the S&P 500 financial index leading gains among major sectors. The index rose nearly 10% over the […] More
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Dow Jones share price: Tech weakness weighs on S&P 500, Nasdaq
A selloff in technology stocks dragged on the S&P 500 and Nasdaq on Wednesday, with investors also cautious about brewing US-China tensions at a time when policymakers are attempting to revive the global economy from a coronavirus-driven slump. Index heavyweights Amazon.com, Microsoft Corp and Facebook Inc, which have led a recent rally, were down more […] More
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in BUSINESSWall Street opens higher on recovery optimism, Dow up 1.21%
Stocks are rising again on Wall Street Wednesday, and the S&P 500 is climbing toward its seventh gain in the last nine days. The S&P 500 was up 0.7% after the first 10 minutes of trading, with travel companies, banks and other stocks that would benefit the most from a reopening economy leading the way. […] More
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Markets open on positive note, Sensex up, Nifty above 9,050; Kotak Mahindra Bank, Hindalco up 2%
Stock market today LIVE Updates: Markets open on positive note, Sensex up, Nifty above 9,050; Kotak Mahindra Bank, Hindalco up 2% New York: Asian shares shed some of their recent gains on Wednesday as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy. US […] More
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in BUSINESS
S&P 500 futures top 3,000 points on recovery hopes
US stock futures rose 2 per cent and breached a major chart barrier on Tuesday as global easing of lockdowns and business restarts boosted optimism about economic recovery among investors returning from a long weekend. Spain urged foreign holidaymakers to return from July as it eases one of Europe’s strictest curbs, while Britain was looking […] More
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Wall Street: Wall Street week ahead: Investors look beyond drug makers as hunt for Covid-19 treatment heats up
NEW YORK: Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks. A record 48 per cent of fund managers are overweight healthcare stocks, a BofA survey showed, and the S&P 500 healthcare sector is up nearly 34 per cent since […] More
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in BUSINESS
Dow Jones share price: Dow Jones dips as US-China tensions add to economic woes
US stock indexes dropped on Friday as Sino-US tensions weighed on markets struggling to gauge the pace of economic recovery from the coronavirus. President Donald Trump’s statement on China’s plan for a national security law in Hong Kong on Thursday raised concerns over Washington and Beijing possibly reneging on their Phase-1 trade deal. Fears of […] More
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Indices trim gains, Sensex up 128 points, Nifty above 9,100; rupee closes higher at Rs 75.60
Stock market today LIVE Updates: Indices trim gains, Sensex up 128 points, Nifty above 9,100; rupee closes higher at Rs 75.60 Washington: Asian shares were poised to open higher on Thursday after global equities and crude prices rallied overnight on hopes of a rapid economic recovery and government support. Hong Kong futures edged higher. Nikkei […] More
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Markets open on positive note: Sensex jumps 300 points, Nifty above 8,900; ITC, HDFC, HUL among top gainers
The markets opened on a positive note today. The benchmark indices were trading higher in the opening session. Shares rose on Wednesday, helped by gains in beaten-down banking stocks and ITC, even as domestic coronavirus cases continued to rise unabated, dampening the growth outlook for Asia’s third-largest economy. #CNBCTV18Market | Market opens with minor gains, […] More
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Dow Jones share price: Dow Jones jumps at the open on coronavirus vaccine hopes
US stock indexes shot up in early trade on Monday as encouraging data from a potential COVID-19 vaccine trial fueled optimism, while investors also counted on more stimulus to rescue the economy from a virus-driven slump. The Dow Jones Industrial Average rose 374.56 points, or 1.58 per cent, at the open to 24,059.98. The S&P […] More
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Dow Jones share price: Dow Jones falls as trade war fears add to virus woes
A slump in technology stocks knocked Wall Street’s main indexes lower on Friday, as signs of deteriorating trade relations between the United States and China added to economic worries due to the novel coronavirus pandemic. The Trump administration moved to block semiconductor shipments to China’s Huawei Technologies from global chipmakers. China was swift to respond […] More
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in BUSINESS
Dow Jones drops on trade war fears, economic worries
Wall Street’s main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-US trade relations added to fears of an extended economic downturn due to the virus outbreak. President Donald Trump said he was very disappointed with China over its failure to contain the novel coronavirus, saying the worldwide pandemic cast a […] More
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