U.S stock markets moved mostly higher today, boosted by gains in technology shares and positive sentiment around President Joe Biden’s forthcoming massive $3 trillion-$4 trillion infrastructure plan. In New York, the Dow Jones lost 85.41 points to 32,981.55, the S&P 500 moved up 14.34 points to 3,972.89, while the Nasdaq added 201.48 points to 13,246.87.
U.S. stocks closed lower today as investors extended a pull back from technology shares. In New York, the Dow Jones lost 3.09 points to 32,420.06 erasing a 360-point gain earlier in the day. Energy had powered markets higher for much of the day as a cargo ship blockage in the Suez Canal caused the price
U.S. stocks moved further into record territories after U.S. Feds signaled no interest rate hikes through 2023. In New York, the Dow Jones gained 189.42 points to establish a new record of 33,015.37, the S&P 500 added 11.41 points to a record close of 3,974.12, while the Nasdaq increased 53.63 points to 13,525.20. Canada’s main
U.S. equities advanced further today as the rotation into value stocks continued following a weak inflation report. In New York, the Dow Jones gained a solid 464.28 to 32,297.02, the S&P 500 rose 23.37 to 3,898.81, while the tech-heavy Nasdaq closed 4.99 lower at 13,068.83. Canada’s main stock index hit a new all-time high following
U.S. stocks declined lower today, extending losses from a day earlier as investors cautiously weighed signs of post-pandemic optimism against economic overheating concerns. In New York, the Dow Jones, the one bright spot, once again established another high, moving up 90.27 to 31,613.02, while the S&P 500 edged 1.26 lower to 3,931.33 and the tech-heavy
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There are more signs the Chinese government is dialing back its sweeping economic and regulatory overhaul that is starting to hit ordinary citizens. Stephen Engle reports on “Bloomberg Daybreak: Asia.” (Source: Bloomberg)
China is considering asking media companies including Tencent Holdings Ltd. to ByteDance Ltd. to let rivals access and display their content in search results. Stephen Engle reports on “Bloomberg Daybreak: Australia.” (Source: Bloomberg)
An animated trajectory map shows the path of the Lucy mission, with the spacecraft (blue) launching from the Earth (green) out to the asteroids around Jupiter (orange). NASA NASA’s latest exploration spacecraft launched over the weekend, beginning a 12-year journey to visit Jupiter’s Trojan asteroids. A tool familiar to Wall Street was used to craft
In this article HOOD GME Rafael Henrique | LightRocket | Getty Images The Securities and Exchange Commission said online brokerages, enticed to increase revenue through the controversial industry practice of payment for order flow, are turning stock-trading into a game in order to encourage activity from retail investors. Wall Street’s main regulator on Monday released its
Cloudflare (NYSE:NET) is a company that provides CDN (content delivery network), web infrastructure and online security services. When the pandemic hit in 2020, the company was in the perfect position to pick up a lot of business. Online shopping ramped up while remote work and learning suddenly became a necessity. Given the rapid growth in
Investcorp Co-CEO Rishi Kapoor says there’s little room for error when investing in the current environment where valuations are so rich. He speaks with Bloomberg’s Romaine Bostick and Caroline Hyde at the Milken Institute’s 2021 Global Conference in Los Angeles. (Source: Bloomberg)
BNY Mellon Chief Growth Officer Akash Shah sees the current low-interest-rate environment ushering in new investment opportunities. He speaks with Bloomberg’s Romaine Bostick and Caroline Hyde at the Milken Institute’s 2021 Global Conference in Los Angeles. (Source: Bloomberg)
BMO Capital Markets Chief Executive Officer Dan Barclay says capital markets are at the “end of the robust phase” that powered them through the pandemic and are shifting toward a more uncertain future. He spoke to Romaine Bostick and Caroline Hyde at the Milken Institute Global Conference in Beverly Hills, California. (Source: Bloomberg)
Mark Attanasio, co-founder and managing partner at Crescent Capital and Milwaukee Brewers Owner, explains why he sees the best opportunity now in his 35 years in private credit and discusses expectations for Federal Reserve tapering and the market transition away from Libor. He speaks with Romaine Bostick at the Milken Institute’s 2021 Global Conference in
Just over a year ago, Hyliion (NYSE:HYLN) was one of the hottest electric vehicle special-purpose acquisition company (SPAC) plays out there. Just before its “de-SPACing,” excitement over this maker of electric trucks and powertrains briefly sent HYLN stock to prices over $50 per share. Source: Shutterstock Flash forward back to now, and where are shares changing
Bloomberg Surveillance: Early Edition, live from London, Berlin and New York. Francine Lacqua, Anna Edwards, Matt Miller, and Kailey Leinz deliver the latest news and analysis on the markets with leaders in global finance and economics. ECB Governing Council Member Ignazio Visco said the European Central Bank should keep a high degree of flexibility in
Genentech CEO Alexander Hardy says the Covid-19 pandemic has exposed the inequities in the health-care industry. He speaks on “Bloomberg Markets.” (Source: Bloomberg)
Take a look at some of the biggest movers in the premarket: Zillow (Z) – Zillow slid 6.4% in premarket trading, following a Bloomberg report that the company has temporarily stopped its home-buying service due to overwhelming demand. Revance Therapeutics (RVNC) – Revance shares plunged 33.2% in the premarket after the Food and Drug Administration
Intel (NASDAQ:INTC) stock has underperformed the market in recent years. INTC stock stock has gone up by only around 20% over the past three years, trailing much behind the PHLX Semiconductor Index‘s return of over 150%. INTC stock currently hovers around $54, up 8% year-to-date (YTD). Source: Sundry Photography / Shutterstock.com Analysts have put the blame
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