Tag: s&p 500
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US stock futures hold near record highs as investors eye Biden-Xi talks, while Beijing’s mining warning pounds crypto
US President Joe Biden and Chinese President Xi Jinping at their virtual meeting. Tingshu Wang/Reuters US stock futures drifted, as investors focused on talks between US President Joe Biden and Chinese premier Xi Jinping. Stocks have been rattled of late by concerns over inflation that pushed up government bond yields. The crypto market took a…
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US futures head to more record highs ahead of big tech earnings, while oil climbs despite raging global pandemic
US stock market investors are feeling optimistic about the economy. Spencer Platt/Getty Images US futures rose on Tuesday morning, the day after the S&P and Nasdaq hit record highs. Investors eagerly awaited Q1 earnings from Microsoft and Alphabet, and weighed up Tesla's results. Oil prices climbed as the demand outlook brightened, despite the ongoing COVID-19…
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Tech stocks pare deep losses but still decline as Fed’s Powell eases concerns over runaway inflation
Traders work, as a screen shows Federal Reserve Chairman Jerome Powell's news conference after the U.S. Federal Reserve interest rates announcement, on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 30, 2019. Brendan McDermid/Reuters US stocks pared losses but closed lower on Tuesday after Fed chair Jerome Powell staved…
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US stocks set for third daily fall after biggest drop since October, as global markets second-guess recent rally
Wall Street had a Hard day on Wednesdaywith Shares tumbling and Redditors piling on the pressure Xinhua/Getty Images US stock futures signaled a third daily collapse later now, following Wednesday’s sell-off. Short-term fears over the market and vaccines have pumped marketplace confidence. Some analysts said the GameStop saga had shaken a couple of big investors.…
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US stocks dip as stimulus talks slow ahead of funding deadline
Getty Images / Bryan R. Smith US stocks declined on Friday as stimulation talks slowed before a government financing deadline.Democrats and Republicans stayed gridlocked on dueling stimulation tips, with main sticking points including liability protections for businesses and an extension of federal unemployment benefits.A financing bill must be passed until midnight to avoid a government…
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US stocks edge towards new records after jobless claims fall more than expected
Getty Images / Xinhua News Agency US stocks gained slightly on Thursday after falling jobless claims offered an encouraging sign of labor-market improvement.New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000.The mild uptick puts the S&P 500 at the brink…
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Dow gains 251 points as tech giants rally and stimulus hopes persist
Andrew Burton/Getty Images US stocks rose on Monday as Democrats and Republicans inched closer to a stimulus compromise.Mega-cap companies including Apple and Amazon led indexes higher as investors rushed to the growth favorites.President Trump urged Republicans to speed up Amy Coney Barrett’s confirmation to the Supreme Court so that they can pass a new stimulus…
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‘We need to appeal to the Gen Z-ers’: A Fidelity fund manager overseeing $230 billion explains how his firm is responding to the Robinhood revolution — and laments selling out of Tesla
Drew Angerer/Getty Images May Danoff, director of the $230 billion Fidelity Contrafund, told Bloomberg that there is a”demographic issue” for mutual funds: Gen Z isn’t so interested in possessing them. “We need to appeal to the Gen Z-ers and the younger generation as well,” Danoff said.Danoff also lamented promoting a huge portion of the fund’s…
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Global equities find some footing after another slide in US tech stocks, led by a record fall in Tesla
Traders work on the floor of the New York Stock Exchange shortly after the start of trading August 6, 2014. REUTERS/Lucas Jackson European and US equity futures rose on Wednesday as investors went bargain-hunting following a massive sell-off in Big Tech.Asian indices declined after the previous day’s total wash-out saw tech favorites such as Apple,…