Tesla shares shot-up 4% in the opening trade on Wednesday, hitting the day’s high of $313 per share. The uptick was accompanied with strong volumes as nearly 12 crore shares changed hands on the Nasdaq. The Tesla shares rallied notwithstanding a sharper-than-expected fall in second-quarter deliveries. The electric vehicle maker delivered 3,84,122 vehicles in the … Read more
NEW YORK: Wall Street stocks advanced on Friday, notching the second straight week of gains, helped by strong economic data and potential easing of trade tensions between the U.S. and China. The U.S. economy added 177,000 jobs in April, exceeding expectations, while the unemployment rate held steady at 4.2%. The data helped to assuage concerns … Read more
The Dow Jones Industrial Average and S&P 500 chalked up record closing highs on Friday, with the Nasdaq also in positive territory, as markets were boosted by an earnings-driven jump in Netflix shares and broader gains across technology stocks. All three major Wall Street benchmarks also comfortably secured a sixth straight weekly gain, their longest … Read more
The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia‘s highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped … Read more
NEW YORK: U.S. stocks finished higher on Friday after a strong jobs report reinforced the view that the economy remains healthy even as it suggested the Federal Reserve could delay cutting interest rates. All major S&P 500 sectors advanced, with communication services, industrials and technology the top gainers. U.S. Labor Department data showed employers hired … Read more
The Dow Jones Industrial Average led Wall Street higher on Monday and notched its longest winning streak in six years as investors bet on sectors beyond technology in a week filled with earnings reports and a Federal Reserve meeting. “What you’re seeing now is people broadening the breadth of the market,” said Randy Frederick, managing … Read more
The S&P 500 and Nasdaq fell on Wednesday as Target’s dour sales forecast due to changing shopping pattern amid rising prices unleashed fresh worries for retailers heading into the crucial holiday season. Target Corp tumbled as much as 16.9% as a pullback in consumer spending despite heavy discounting also hurt its third-quarter profit, which missed … Read more
The S&P 500 ended slightly higher on Tuesday as investors kept their focus on the growth trajectory of the U.S. economy, and the tech-heavy Nasdaq closed higher while the Dow slipped. U.S. stocks have been under relentless selling pressure this year, with the benchmark S&P 500 index recording its steepest first-half percentage drop since 1970, … Read more
The S&P 500 and Dow closed lower on Thursday after data painted a worrying economic picture on a crucial day for corporate earnings reports, while President Donald Trump exacerbated investor nervousness by floating the possibility of delaying the U.S. presidential election. The main earnings focus on Thursday was on reports from high-flyers including Apple Inc, … Read more