Wall Street cheered by vaccine roll-out, mega M&A activity
4 years ago

Wall Street cheered by vaccine roll-out, mega M&A activity

Hindustan Times  

Wall Street’s main indexes rose on Monday as travel stocks surged on the launch of a nationwide Covid-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year’s biggest deals. Cruise operators Carnival Corp and Royal Caribbean Cruises rose 4.1% and 0.5%, respectively, while stocks of major airline operators added between 0.7% and 3.1%, with American Airlines Group leading gains. Alexion Pharmaceuticals Inc was among the top boosts to the S&P 500 and the Nasdaq, surging 29.9% to a 4-1/2 year high after British drugmaker AstraZeneca said it would buy the US biotech firm. Among other movers, ecommerce company Alibaba Group Holding Ltd shed 2.5% after China warned its internet majors of more anti-trust scrutiny, slapped fines and announced probes into deals involving Alibaba and Tencent Holdings Ltd.

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History of this topic

Wall Street drifts to a mixed close in thin trading after Christmas pause
2 weeks ago

Wall Street drifts to a mixed close in thin trading after Christmas pause

LA Times  

The Standard & Poor’s 500 index slipped less than 0.1% on Thursday, its first loss after three straight gains. Stock indexes drifted to a mixed finish on Wall Street as some heavyweight technology and communications sector stocks offset gains elsewhere in the market. U.S. applications for unemployment benefits held steady last week, though continuing claims rose to the highest level …

Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000
4 weeks, 1 day ago

Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000

Associated Press  

NEW YORK — U.S. stock indexes got back to climbing on Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. Stocks got a boost as expectations built that Wednesday’s inflation data will allow the Fed to deliver another cut to interest rates at its meeting next week. …

Wall Street turns positive as Dow hits one-week high
Trending News
1 month, 2 weeks ago

Wall Street turns positive as Dow hits one-week high

Live Mint  

* Amazon drops after report on EU investigation next year * Alphabet slips after Justice Department pushes for Chrome sale * Deere shares up after Q4 profit beats estimates * Indexes up: Dow 1.19%, S&P 500 0.65%, Nasdaq 0.22% By Abigail Summerville and Johann M Cherian Nov 21 - Wall Street's main indexes turned positive after choppy trading on Thursday, …

How major US stock indexes fared Monday, 11/11/2024
Trending News
1 month, 4 weeks ago

How major US stock indexes fared Monday, 11/11/2024

Associated Press  

Most U.S. stocks rose on Wall Street, but drops for Nvidia and some other heavyweight Big Tech companies kept indexes in check. The S&P 500 added 0.1% Monday, coming off last week’s spurt spurred by Donald Trump’s presidential victory and the Federal Reserve’s cut to interest rates. The Dow Jones Industrial Average jumped 0.7%, and the Nasdaq composite edged up …

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts
4 months, 2 weeks ago

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts

Associated Press  

NEW YORK — U.S. stocks ticked higher Wednesday after more big companies delivered profit reports that topped analysts’ expectations. The hope is he’ll offer clues about how deeply and quickly the Fed will begin cutting interest rates next month after it jacked them to a two-decade high to beat inflation. Most Federal Reserve officials agreed last month that they would …

Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%
5 months ago

Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%

Associated Press  

NEW YORK — U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about the slowing economy. Treasury yields also climbed in the bond market in a signal investors are feeling less worried about the economy after a report showed fewer U.S. workers applied for unemployment benefits last week. “Today’s jobless claims …

Nasdaq, S&P 500 end sharply lower, hit by chips, megacaps; Dow extends rally
5 months, 3 weeks ago

Nasdaq, S&P 500 end sharply lower, hit by chips, megacaps; Dow extends rally

The Hindu  

The S&P 500 and the Nasdaq tumbled on Wednesday as plunging microchip shares, in the face of potential escalation of U.S. trade conflicts with China, exacerbated the ongoing rotation out of megacap tech-related stocks. A pullback in the "Magnificent 7" group of momentum stocks, led by Nvidia and Apple, dragged the Nasdaq 2.8% lower, while the benchmark S&P 500 slid …

How major US stock indexes fared Tuesday, 5/14/2024
7 months, 3 weeks ago

How major US stock indexes fared Tuesday, 5/14/2024

Associated Press  

Stocks ended higher on Wall Street Tuesday, sending the Nasdaq composite to another record. On Tuesday: The S&P 500 rose 25.26 points, or 0.5%, to 5,246.68. The Dow Jones Industrial Average rose 126.60 points, or 0.3%, to 39,558.11. The Nasdaq composite rose 122.94 points, or 0.8%, to 16,511.18. The Russell 2000 index of smaller companies rose 23.57 points, or 1.1%, …

Stock market today: Wall Street waltzes past its latest milestone as S&P 500 closes above 5,000
11 months ago

Stock market today: Wall Street waltzes past its latest milestone as S&P 500 closes above 5,000

Associated Press  

NEW YORK — More gains for U.S. stocks on Friday sent Wall Street to its latest record, milestone and winning week. Milestones like the S&P 500 at 5,000 don’t carry much weight for a market that’s supposed to move on hard numbers like interest rates, profits and revenue. Wall Street’s rally got going with hopes that cooling inflation would get …

Wall Street week ahead: Investors eye economic growth indicators, key earnings
11 months, 2 weeks ago

Wall Street week ahead: Investors eye economic growth indicators, key earnings

Live Mint  

On Wall Street in the week ahead, stock market investors’ major focus will be on the economic growth indicators such as pace of inflation, manufacturing PMI and the economy. In addition, investors will also be watching key earnings that include Tesla, Netflix, American Airlines, Abbott Laboratories, and IBM. Earnings Following companies are due to declare their quarter results in the …

Wall St: S&P 500, Nasdaq slip as Pfizer, megacap stocks drag
2 years, 11 months ago

Wall St: S&P 500, Nasdaq slip as Pfizer, megacap stocks drag

Live Mint  

The S&P 500 and the Nasdaq declined on Tuesday as disappointing earnings from Pfizer and declines in megacap technology names added to jitters ahead of inflation data this week that could spark bets on quicker interest rate hikes. Pfizer Inc fell 5.3% after the drugmaker's full-year sales forecast for its COVID-19 vaccine and antiviral pills fell short of Wall Street …

Business Highlights: Volatile stocks, consumer confidence
2 years, 11 months ago

Business Highlights: Volatile stocks, consumer confidence

Associated Press  

___ Stocks end lower on Wall Street after another volatile day NEW YORK — Stocks closed lower on Wall Street Tuesday after another volatile day of trading. — U.S. consumer confidence declined this month as Americans became slightly less optimistic about their near-term financial prospects amid persistent inflation and the highly contagious omicron variant of the coronavirus. ___ GM to …

Asian shares rise but momentum fizzles on virus worries
3 years, 4 months ago

Asian shares rise but momentum fizzles on virus worries

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian shares gained Tuesday, boosted …

Wall Street rises on hopes of vaccine-fueled recovery and bigger fiscal support
4 years ago

Wall Street rises on hopes of vaccine-fueled recovery and bigger fiscal support

Live Mint  

US stocks rose on Wednesday, led by energy and material stocks, as investors bet on a strong economic recovery in 2021 on the back of COVID-19 vaccine rollouts and hopes of bigger fiscal support. The chances of a bigger stimulus check dimmed on Tuesday after Senate Majority Leader Mitch McConnell blocked a quick vote to back President Donald Trump's call …

Dow hits record high as Moderna data bolsters vaccine bets
4 years, 1 month ago

Dow hits record high as Moderna data bolsters vaccine bets

Live Mint  

The Dow hit a record high on Monday after Moderna became the second U.S. company in a week to report positive results from its COVID-19 vaccine trial, raising hopes of a quicker economic recovery from a pandemic-led recession. Travel-related stocks including United Airlines Holdings Inc, American Airlines Group Inc, Carnival Corp and Norwegian Cruise Line Holdings Ltd, which have lost …

Stocks open higher on Wall Street on more good vaccine news
4 years, 1 month ago

Stocks open higher on Wall Street on more good vaccine news

Associated Press  

NEW YORK — Encouraging news on a second possible coronavirus vaccine sent stocks higher in early trading on Wall Street, following gains in overseas markets. Stock markets jumped higher on Monday on news that a second coronavirus vaccine showed promise, bolstering hopes even as new infections surged around the world. Even before the vaccine news, markets had been trading higher …

Wall Street update: US stocks slip on COVID-19 concerns
4 years, 1 month ago

Wall Street update: US stocks slip on COVID-19 concerns

Live Mint  

Futures tracking the S&P 500 and Dow fell on Thursday as US coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while some heavyweight technology stocks headed higher for the second straight day. Wall Street's three main indexes have climbed between 8% and 11% in less than two weeks on prospects of measured industry …

Nasdaq set to jump as tech stocks snap back
4 years, 1 month ago

Nasdaq set to jump as tech stocks snap back

Live Mint  

Wall Street's main indexes were set to open higher on Wednesday as signs of a working COVID-19 vaccine raised hopes of a faster-than-expected economic rebound, with technology stocks bouncing back from steep losses this week. Nasdaq 100 futures were up more than 1%, while technology mega-caps including Netflix Inc, Amazon.com Inc and Facebook Inc, the so-called stay-at-home winners, also gained …

Stocks Surge On Encouraging News About Potential Coronavirus Vaccine
4 years, 2 months ago

Stocks Surge On Encouraging News About Potential Coronavirus Vaccine

Huff Post  

A stock ticker with Pfizer stock information is shown at the New York Stock Exchange, Monday, Nov. 9, 2020. ASSOCIATED PRESS NEW YORK — Stocks are surging Monday, catapulting Wall Street back to record heights, on a burst of hope following encouraging data about a potential COVID-19 vaccine. The S&P 500 was 3.3% higher in morning trading after Pfizer said …

Dow soars more than 800 points after Pfizer announces great news about its vaccine and Joe Biden declared victorious
4 years, 2 months ago

Dow soars more than 800 points after Pfizer announces great news about its vaccine and Joe Biden declared victorious

CNN  

New York CNN Business — It was a wild day on Wall Street with stocks surging on Monday after Pfizer said its Covid-19 vaccine is 90% effective and Joe Biden was projected to be the winner of the presidential election over the weekend. “The strong results from the Pfizer vaccine were better than most expected and means we could be …

Global stocks are soaring on hopes of a coronavirus vaccine
4 years, 2 months ago

Global stocks are soaring on hopes of a coronavirus vaccine

CNN  

New York CNN Business — Global stocks and US futures surged on Monday after drugmaker Pfizer said that an early look at data from its coronavirus vaccine shows it’s more than 90% effective. The vaccine “looks like the game-changing panacea the oil market has been waiting for,” chief global markets strategist at Axi, Stephen Innes said in a research note. …

Wall Street update: Dow jumps over 400 pts on stimulus hopes, upbeat data
4 years, 3 months ago

Wall Street update: Dow jumps over 400 pts on stimulus hopes, upbeat data

Live Mint  

Wall Street's main indexes jumped on Wednesday, led by industrials and technology-related stocks, as officials rekindled the idea of an imminent fiscal stimulus package, while upbeat data suggested a domestic economic recovery was on track. All 11 major S&P indexes were up, with energy also among the biggest gainers, as data showed U.S. private employers stepped up hiring in September, …

Wall Street posts third week of declines as tech slide drags on
4 years, 3 months ago

Wall Street posts third week of declines as tech slide drags on

Live Mint  

U.S. stocks fell on Friday as technology shares sold off for a third day in a row, while all three major U.S. indexes posted a third straight week of declines. Apple Inc, Microsoft Corp, Amazon.com Inc and Alphabet Inc., which helped to fuel the market's rally off the March lows, were among the biggest drags on the S&P 500 and …

Wall Street Posts Third Week of Declines as Tech Slide Drags on
4 years, 3 months ago

Wall Street Posts Third Week of Declines as Tech Slide Drags on

News 18  

US stocks fell on Friday as technology shares sold off for a third day in a row, while all three major US indexes posted a third straight week of declines. Apple Inc, Microsoft Corp, Amazon.com Inc and Alphabet Inc., which helped to fuel the market’s rally off the March lows, were among the biggest drags on the S&P 500 and …

US stocks rally amid Covid-19 treatment hopes; Apple set to cross $500 per share
4 years, 4 months ago

US stocks rally amid Covid-19 treatment hopes; Apple set to cross $500 per share

Live Mint  

The S&P 500 and the Nasdaq scaled new heights on Monday, boosted by technology mega-caps and U.S. approval for the emergency use of blood plasma in treating COVID-19 patients. Apple Inc gained 2.7% to cross $500 per share for the first time, providing the biggest boost to the three main stock indexes. Facebook Inc, Amazon.com Inc, Microsoft Corp and Google-parent …

Goldman boosts S&P 500 target by 20% as strategists catch up
4 years, 4 months ago

Goldman boosts S&P 500 target by 20% as strategists catch up

Live Mint  

Goldman Sachs Group Inc. is the latest firm to boost its year-end price target for the S&P 500, as a relentless rally off the March lows leaves strategist predictions in the dust. David Kostin raised his forecast for the benchmark US gauge to 3,600 from 3,000, joining the likes of Yardeni Research founder Ed Yardeni and RBC Capital Markets’ Lori …

Big tech stocks could fall sharply if there’s a vaccine
4 years, 5 months ago

Big tech stocks could fall sharply if there’s a vaccine

CNN  

New York CNN Business — Hopes are growing that a Covid-19 vaccine is coming. But Goldman Sachs thinks a vaccine might actually upend the stock market, which has continued to rally despite worries about a rise in cases in several key states. While a vaccine could boost the United States economy, it could also spur investors to dump the current …

Asia shares rise on vaccine hopes, tech rally on Wall Street
4 years, 5 months ago

Asia shares rise on vaccine hopes, tech rally on Wall Street

Associated Press  

Asian shares were mostly higher Tuesday on rising hopes for an effective vaccine to fight the coronavirus pandemic. A vaccine under development by colleagues of Dr. Anthony Fauci, the nation’s top infectious diseases expert at the National Institutes of Health, and Moderna Inc., will start its final testing around July 27. Overnight, U.S. technology and communication stocks and companies that …

This is the most expensive time to buy stocks since the bursting of the dot-com bubble
4 years, 7 months ago

This is the most expensive time to buy stocks since the bursting of the dot-com bubble

CNN  

New York CNN Business — The US stock market stands 4% higher today compared to a year ago, despite the death and destruction unleashed by the coronavirus pandemic. “Concerns exist that we believe, and our client discussions confirm, investors are dismissing,” David Kostin, chief US equity strategist at Goldman Sachs, wrote in a recent note to clients. Goldman Sachs noted …

Wall Street rallies as some US states relax lockdown restrictions; all major indexes claw back, gain over 1%
4 years, 8 months ago

Wall Street rallies as some US states relax lockdown restrictions; all major indexes claw back, gain over 1%

Firstpost  

The indexes are all now within 20 percent of their record closing highs reached in February, with the benchmark S&P 500 on track for its best month since 1987, after trillions of stimulus dollars helped US equities recover from March lows. New York: Wall Street advanced on Monday as investors girded for a busy earnings week while turning a hopeful …

Wall Street rally loses steam after report on coronavirus drug trial; main US stock indexes trim gains
4 years, 8 months ago

Wall Street rally loses steam after report on coronavirus drug trial; main US stock indexes trim gains

Firstpost  

Wall Street was in positive territory on Thursday but surrendered strong earlier gains after a report that an experimental antiviral drug for the coronavirus flopped in its first randomized clinical trial. All three main US stock indexes trimmed increases of over 1 percent, with the S&P 500 and Nasdaq briefly turning negative after the Financial Times reported that a Chinese …

Stocks end mixed after coronavirus drug did not improve patients
4 years, 8 months ago

Stocks end mixed after coronavirus drug did not improve patients

Al Jazeera  

Gilead said the results from the study were inconclusive as it was terminated early. The S&P 500 ended marginally lower on Thursday after a report that an experimental antiviral drug for the coronavirus flopped in its first randomised clinical trial, denting earlier optimism that the impact of the pandemic on the United States labour market was nearing an end. “The …

Wall Street pushes higher led by surging health care stocks; modest rise in European indices
4 years, 9 months ago

Wall Street pushes higher led by surging health care stocks; modest rise in European indices

Firstpost  

Nascent optimism is budding on Wall Street that the worst of the selling may be over, but markets around the world remain tentative amid uncertainty about whether global authorities can nurse the economy through the pandemic. New York: Stocks pushed higher on Wall Street Monday, led by big gains for health care companies announcing developments that could aid in the …

US financial markets rally after national emergency declared
4 years, 9 months ago

US financial markets rally after national emergency declared

Al Jazeera  

The indexes were still about 20 percent below record highs hit in mid-February. Wall Street staged a furious rally in the waning moments of the session on Friday after United States President Donald Trump declared a national emergency to combat the rapidly spreading coronavirus, although major averages still suffered sharp losses for the week. In a volatile session, all three …

US stocks jump as Joe Biden takes the lead
4 years, 10 months ago

US stocks jump as Joe Biden takes the lead

Live Mint  

Wall Street surged on Wednesday as former Vice President Joe Biden's strong showing in the "Super Tuesday" primary contests gave a boost to healthcare stocks and upbeat economic data helped sooth investors' coronavirus anxieties. Former Vice President Joe Biden emerged as the front-runner for the Democratic presidential nomination following a string of primary victories, providing relief to market participants who …

US markets: S&P 500, Nasdaq hit record on IBM, waning China virus fears
4 years, 11 months ago

US markets: S&P 500, Nasdaq hit record on IBM, waning China virus fears

Live Mint  

The S&P 500 and the Nasdaq scaled new highs on Wednesday, as an upbeat forecast from IBM added to optimism over earnings, while China's efforts to contain a virus outbreak eased worries about a wider financial fallout. International Business Machines Corp shares jumped 4.1% after it forecast full-year profit above market expectations on strength in its high-margin cloud computing business. …

Nasdaq hits record, S&P nears all-time high on upbeat earnings
5 years, 8 months ago

Nasdaq hits record, S&P nears all-time high on upbeat earnings

Live Mint  

Bengaluru: The S&P 500 moved closer to its all-time high on Wednesday, while technology stocks nudged the Nasdaq to a record level, as investors took heart from a largely upbeat earnings season. The index has rallied 17% this year, supported by a dovish Federal Reserve, hopes of a US-China trade resolution and a largely upbeat earnings season. "For the most …

Tech lifts S&P 500, Nasdaq ahead of Fed minutes
5 years, 8 months ago

Tech lifts S&P 500, Nasdaq ahead of Fed minutes

Live Mint  

Bengaluru: Technology stocks lifted the S&P 500 and the Nasdaq higher on Wednesday but a fall in Boeing shares dragged the Dow lower, ahead of the release of the Federal Reserve's minutes from its latest policy meeting. Industrial stocks were down 0.38%, as Boeing Co shares continued to weigh after the company on Tuesday reported zero new orders for its …

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