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Market updates
US stocks extend losses on economic concerns; BJ, KSS surge
May 20, 2022 06:59 AM AEST| By Rupam RoyWall Street extended its losses on Thursday, May 19, after a sharp fall in the previous session as investors weighed a possible global economic slowdown. The S&P 500 was down 0.58% to 3,900.79. The Dow Jones fell 0.75% to 31,253.13. The NASDAQ C...
Dow suffers worst day as Wall Street retreats; TGT, LOW stocks plunge
May 19, 2022 07:03 AM AEST| By Rupam RoyDow Jones suffered its worst single-day loss since 2020 as Wall Street’s main indices drifted lower on Wednesday, May 18, following weak quarterly earnings of companies like Target Corporation (TGT). The S&P 500 was down 4.04% to 3,923.68....
US stocks rise after strong retail sales data; Citigroup, HD, UAL surge
May 18, 2022 07:20 AM AEST| By Rupam RoyBenchmark US indices edged higher on Tuesday, May 17, lifted by gains in technology, retail, and bank stocks after strong retail sales data eased investors' concerns over a slow economic growth. The S&P 500 rose 2.02% to 4,088.85. The Dow Jones...
US indices close mixed despite energy rally; SAVE, CVX surge
May 17, 2022 07:24 AM AEST| By Rupam RoyWall Street's main indices closed mixed on Monday, May 16, as a downbeat Chinese economic data overshadowed gains in energy stocks, while tech shares continued their downward march. The S&P 500 fell 0.39% to 4,008.01. The Dow Jones rose 0.08% to...
US stocks edge higher on tech stock gains; HOOD, DUOL, OXY rally
May 14, 2022 07:29 AM AEST| By Rupam RoyWall Street's main indices rallied on Friday, May 13, ending the week on a positive note after investors shrugged off concerns about inflation and other negative market trends. The S&P 500 was up 2.39% to 4,023.89. The Dow Jones rose 1.47% to 32...
Dow, S&P close lower on mixed economic data; APP, GME, AMC rally
May 13, 2022 07:05 AM AEST| By Rupam RoyDow Jones and S&P 500 fell, but tech-savvy Nasdaq crawled back up to close the session mixed on Thursday, May 12, after a vital economic gauge showed that demand for manufactured goods slowed in April. The S&P 500 was down 0.13% to 3,930.08....
US stocks slip after CPI data; COIN, Unity decline
May 12, 2022 07:15 AM AEST| By Rupam RoyWall Street's main indices drifted lower on Wednesday, May 11, after US inflation rose more than expected month-on-month for comfort, renewing fears about the Fed's aggressive rate hikes. The S&P 500 was down 1.65% to 3,935.18. The Dow Jones fel...
US stocks close mixed ahead of inflation data; PLTN, UPST decline
May 11, 2022 07:04 AM AEST| By Rupam RoyWall Street's main indices end mixed on Tuesday, May 10, as Treasury yields and oil prices declined ahead of the Labor Department's latest consumer price index data (CPI). The 10-year Treasury notes hit a three-and-a-half-year high on Monday, forcin...
Wall Street resumes losses as tech stocks hammered; BNTX, SOPA rally
May 10, 2022 06:56 AM AEST| By Rupam RoyBenchmark US indices extended their slide for a third straight session on Monday, May 9, with the S&P 500 slipping to its lowest level since April 2021, dragged down by losses in mega-cap growth stocks. The S&P 500 was down 3.20% to 3,991.24...
Wall Street retreats after mixed job data; CI, TU rally
May 07, 2022 07:51 AM AEST| By Rupam RoyBenchmark US indices closed lower for the second consecutive day on Friday, May 6, as growth stocks retreated amid higher Treasury yields, and mixed jobs data fueled more interest rate rise worries. The S&P 500 declined 0.57% to 4,123.34. The Do...
US indices drop on more rate hike fears; SHOP, Wayfair, ETSY fall
May 06, 2022 07:56 AM AEST| By Rupam RoyWall Street’s main indices fell sharply on Thursday, May 5, the biggest drop since the early days of the pandemic as investors feared a steep rate hike at the Fed’s next meeting in June. The S&P 500 fell 3.56% to 4,146.87. The Dow Jo...
US stocks rise after Fed's half-point rate hike; MRNA, SBUX, LTHM rally
May 05, 2022 06:50 AM AEST| By Rupam RoyWall Street indices climbed higher on Wednesday, May 4, following the Federal Reserve's announcement of its widely anticipated half-point interest rate hike, marking the highest rate increase since 2000. The S&P 500 was up 2.99% to 4,300.17. The...
US stocks close higher as Fed meets on rate hike; PFE, BP, WDC rally
May 04, 2022 07:08 AM AEST| By Rupam RoyWall Street indices closed higher on Tuesday, May 3, as the Federal Reserve began its two-day policy meeting in which officials are expected to deliberate on the next interest rate hikes. The S&P 500 was up 0.48% to 4,175.48. The Dow Jones rose...
US stocks close higher after yields rise to 3-year high; SAVE, ATVI rally
May 03, 2022 07:40 AM AEST| By Rupam RoyUS stocks closed higher on Monday, May 2, after yields on 10-year Treasury notes jumped 3%, the highest increase in more than three years. The S&P 500 was up 0.57% to 4,155.38. The Dow Jones rose 0.26% to 33,061.50. The NASDAQ Composite increase...
US indices fall sharply after tech route; AMZN, AAPL, ABBV decline
April 30, 2022 08:57 AM AEST| By Rupam RoyUS stocks closed the week in the red on Friday, April 29, after the quarterly results of big tech companies like Amazon.com Inc and Apple Inc failed to motivate the traders. The S&P 500 fell 3.63% to 4,131.93. The Dow Jones fell 2.77% to 32,977....
US indices close higher on tech boost; AAPL, AMZN, XOM rally
April 29, 2022 08:51 AM AEST| By Team Kalkine MediaAll three major US indices closed the session higher on Thursday, April 28, after mega-cap technology stocks rallied, bolstered by first-quarter earnings. The S&P 500 rose 2.47% to 4,287.50. The Dow Jones rose 1.85% to 33,916.46. The NASD...
Dow, S&P close higher on strong earnings; MSFT, Visa, TMUS rally
April 28, 2022 06:57 AM AEST| By Rupam RoyDow Jones and S&P 500 edged higher while Nasdaq closed flat on Wednesday, April 27, as strong quarterly earnings of Microsoft Corp and Visa Inc lifted the market sentiment in a reversal from the previous day’s fall. The S&P 500 rose 0....
US stocks retreat ahead of big earnings; TSLA, GE, UPS decline
April 27, 2022 06:54 AM AEST| By Rupam RoyWall Street’s main indices edged lower on Tuesday, April 26, ahead of the earnings of big companies like Microsoft and Alphabet as investors weighed the risks of slow growth and higher interest rates. The S&P 500 was down 2.81% to 4,175.20...
US stocks rise after Twitter nod to Musk's buyout offer; KO rallies
April 26, 2022 06:55 AM AEST| By Rupam RoyBenchmark US indices closed the first day of the week on a positive note on Monday, April 26, after Twitter board agreed to Elon Musk’s US$44 billion buyout offer, marking a watershed moment for the social media company. The S&P 500 was do...
Wall Street edge lower on weak earnings; SNAP, VZ, GPS decline
April 23, 2022 06:53 AM AEST| By Rupam RoyBenchmark US indices closed the week lower on Friday, April 22, as weak earnings and the relentless fall in growth stocks weighed on investors' minds. The S&P 500 was down 2.77% to 4,271.78. The Dow Jones fell 2.82% to 33,811.40. The NASDAQ Comp...
