S&P 500 Index
European stocks rally at the open and bund yield turns positive on report of joint European Union spending
European stocks enjoyed an unusually strong open on Tuesday after a weak Wall Street finish, after a report the European Union will consider jointly issuing bonds to finance energy and defense spending. The Stoxx Europe 600 SXXP, +0.81% gained over 1% in early action, as the French CAC 40 PX1, +1.75% gained 2.5%, the German …
Asian stocks fall, led by technology, industrial names
BANGKOK (AP) — Shares were mostly lower in Asia on Thursday after a mixed session on Wall Street as losses by technology and industrial companies offset other gains. Shanghai saw a modest gain after reopening following the Lunar New Year holiday. Shares fell in Tokyo, Hong Kong and Sydney. The yield on the 10-year Treasury …
Bitcoin blows past $45,000 to fresh highs above $47,000, driven by Tesla’s investment
The price of bitcoin surged above $47,000 on Tuesday, building on gains following news that electric-car maker Tesla has invested $1.5 billion in the cryptocurrency and may accept it as future payment for products. After reaching a record of near $44,000 on Monday, bitcoin prices BTCUSD, +2.98% hit $45,000, $46.000 and $47,000 later that evening, …
Stocks gain altitude after jobless claims slide below 1 million but Dow industrials pressured by Cisco shares
Stock benchmarks were cutting early declines midday Thursday, as first-time claims for unemployment benefits receded much more rapidly than anticipated, but investors appeared somewhat hesitant to push stocks much further near records amid a stalemate over a fresh coronavirus aid package. What are major benchmarks doing? The Dow Jones Industrial Average DJIA, -0.08% traded 38 …
Dow up over 300 points as investors snap up beaten down stocks, S&P 500 nears all-time high
Stocks rose Tuesday, with shares of cyclical companies continuing to outpace previously highflying tech stocks, while the S&P 500 approached its all-time closing high from February, nearly completing a round trip from its pandemic-induced plunge earlier this year. What are major indexes doing? The Dow Jones Industrial Average DJIA, +0.59% rose 305 points, or 1.1%, …
Dow, S&P 500 book 7th straight day of gains, Nasdaq ends lower as high-flying tech stocks take a breather
The S&P 500 booked its longest stretch of gains in about 16 months Monday, as investors monitored signs that a long-awaited rotation on Wall Street into more economically sensitive cyclical stocks could be brewing, but at the expense of their high-flying counterparts. Investors also focused on the significance of President Donald Trump’s weekend signing of …
Nasdaq trades in record territory as technology-related shares rise, but S&P 500’s 5-session streak in jeopardy
U.S. stocks on Tuesday were attempting to recover some early lost ground on the back of gains in technology and tech-related shares as investors assessed the economic and public-health environment following a strong rally to start the week in the previous session. The apparent pause in unfettered enthusiasm for equities followed revised forecasts from the …
Why stock-market strategists have never been more confused in June about the year-end outlook for equities
It has been the best of times and the worst of times for U.S. equity benchmarks over the past two quarters, and that is, perhaps, why Wall Street analysts are facing their most befuddling challenge yet. The Dow Jones Industrial Average DJIA, +0.84% and the S&P 500 SPX, +1.54% just put in their best quarterly …
Charting a break to ‘clearer skies’ territory: Nasdaq rattles cage on record highs
U.S. stocks are firmly higher early Friday, rising after a strikingly better-than-expected monthly jobs report. Against this backdrop, the Nasdaq Composite is rattling the cage on uncharted territory, vying to surpass its record close (9,817) and absolute record peak (9,838). Meanwhile, the Dow industrials have knifed firmly atop the 200-day moving average early Friday, clearing …
Charting a bullish technical tilt, S&P 500 extends break atop 4,000 mark
Technically speaking, the major U.S. benchmarks have taken flight to start April, rising amid statistically unusual bullish momentum. In the process, the S&P 500 and Dow Jones Industrial Average have knifed to record highs, while the Nasdaq Composite has staged a potentially consequential trendline breakout. Before detailing the U.S. markets’ wider view, the S&P 500’s …