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Market updates
S&P 500, Nasdaq hit record highs after tech, energy stocks rally
August 24, 2021 07:43 AM AEST| By Sanjeeb BaruahBenchmark US indices closed at record highs on Monday, August 23, pulled up by gains in technology and energy segments as investors turned their focus on riskier assets amid hopes of a faster economic recovery. The S&P 500 was up 0.85% to 4,479....
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US indices close higher as tech, consumer stocks rally
August 21, 2021 07:06 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Friday, August 20, propelled by gains in technology stocks after investors ignored concerns of delta infections that threatened to halt the economic recovery. The S&P 500 was up 0.81% to 4,441.67. The Dow Jo...
US stocks slip on retail data
August 18, 2021 07:51 AM AEST| By Sanjeeb BaruahBenchmark US indices closed lower on Tuesday, August 17, dragged down by loss in mega-cap stocks and weaker-than-expected retail sales data. The S&P 500 was down 0.71% to 4,448.08. The Dow Jones fell 0.79% to 35,343.28. The NASDAQ Composite was...
US stocks trade flat on gloomy Chinese economic data
August 17, 2021 07:59 AM AEST| By Sanjeeb BaruahBenchmark US indices traded near flat on Monday, August 17, after the latest Chinese economic data showed the country’s recovery rate in July was way below economists’ expectations. The grim outlook triggered investors’ concerns abo...
Dow, S&P 500 see record close on positive economic outlook
August 14, 2021 10:44 AM AEST| By Sanjeeb BaruahThe Dow Jones Industrial Average and the S&P 500 closed the week at record highs on Friday, August 13, after better-than-expected quarterly results of some companies this week turbocharged the investors to bet on risky assets or slow-moving econo...
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Nasdaq, S&P 500 close higher on tech gains
August 13, 2021 07:51 AM AEST| By Sanjeeb BaruahThe Nasdaq Composite and the S&P 500 Index edged higher on Thursday, August 12, as tech stocks saw notable gains, while the Dow Jones closed flat after the economy-sensitive stocks pulled back. The S&P 500 was up 0.30% to 4,460.83. The Dow J...
Dow, S&P 500 close at record highs as senate passes infra bill
August 11, 2021 07:32 AM AEST| By Sanjeeb BaruahDow Jones Industrial Average and the S&P 500 index closed at all-time highs on Tuesday, August 10, as investors laid bets on economy-sensitive stocks amid excitement over the US$1 trillion infrastructure spending bill passed by the US Senate in a...
US stocks close flat on oil slide, covid fears
August 10, 2021 07:42 AM AEST| By Sanjeeb BaruahBenchmark US indices closed flat on Monday, August 9, as global oil prices tumbled amid rising delta virus concerns, deterring investors from exploring opportunities in the stock market. The S&P 500 fell 0.09% to 4,432.35. The Dow Jones declined...
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S&P 500, Dow Jones rise after strong jobs report
August 07, 2021 07:06 AM AEST| By Sanjeeb BaruahThe S&P 500 Index and Dow Industrial Average ticked up after the Labor Department reported strong jobs growth in July, but NASDAQ Composite declined as technology heavyweights wavered. The S&P 500 was up 0.17% to 4,436.52. The Dow Jones gain...
US stocks slip on weak jobs data
August 05, 2021 08:04 AM AEST| By Sanjeeb BaruahThe blue-chip S&P 500 and Dow Jones Industrial Average declined from the previous close, and the tech-heavy NASDAQ Composite closed flat on Wednesday, August 4, after weak jobs data failed to enthuse the investors in a lacklustre session marked b...
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US markets edge higher on earnings optimism
August 04, 2021 07:46 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Tuesday, August 3, boosted by gains in healthcare and technology stocks and optimism about strong quarterly earnings of blue-chip companies. The S&P 500 was up 0.82% to 4,423.15. The Dow Jones gained 0.80% t...
US markets end flat; consumer, healthcare stocks gain
August 03, 2021 07:46 AM AEST| By Sanjeeb BaruahBenchmark US indices closed flat on Monday, August 2, as investors started trading in the new month with a subdued note amid concerns over rising cases of covid infections from delta mutant. The S&P 500 was down 0.18% to 4,387.16. The Dow Jones...
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US stock indices slip into red amid mixed cues
July 31, 2021 07:17 AM AEST| By Sanjeeb BaruahBenchmark US indices slipped into the red on Friday, July 30, dragged down by losses in most sectors and closing the trading week on a subdued note. The S&P 500 fell 0.54% to 4,395.26. The Dow Jones declined 0.42% to 34,935.47. The NASDAQ Compos...
US stocks advance on GDP data, economy outlook
July 30, 2021 07:50 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Thursday, July 29, after the latest government data showed that the GDP grew marginally from the pre-pandemic peak of 2019 in the second quarter. The S&P 500 was up 0.42% to 4,419.15. The Dow Jones rose 0.44...
Nasdaq edges up on tech earnings boost
July 29, 2021 07:49 AM AEST| By Sanjeeb BaruahThe tech-heavy Nasdaq Composite Index closed higher on Wednesday, July 28, a day after big technology companies like Google, Apple, and Microsoft posted strong quarterly earnings, while the blue-chip S&P 500 and the Dow Jones saw small gains in a...
US indices slip, weighed down by technology, consumer stocks
July 28, 2021 08:01 AM AEST| By Sanjeeb BaruahBenchmark US indices drifted from their recent gains on Tuesday, July 27, dragged down by technology and consumer stocks, even as Q2 earnings reports of big companies trickled in. The S&P 500 fell 0.47% to 4,401.46. The Dow Jones shed 0.24% to 3...
Wall Street stocks end flat ahead of big tech earnings week
July 27, 2021 07:48 AM AEST| By Sanjeeb BaruahUS stocks closed flat on Monday, July 26, as investors seemed to have taken a break ahead of a busy earnings week with many big technology giants like Amazon, Google and Facebook are lining up for second-quarter reporting. The S&P 500 was up 0.2...
US benchmarks end week in green as tech stocks rise
July 24, 2021 06:41 AM AEST| By Sanjeeb BaruahAll major US stock markets closed the week on a positive note on Friday, July 23, as the mega-cap technology and consumer stocks rallied, lifting the S&P 500 and NASDAQ Composite to record closes. The S&P 500 was up 1.01% to 4,411.79. The Do...
US stocks end flat after spike in jobless benefits claims
July 23, 2021 07:34 AM AEST| By Sanjeeb BaruahUS stocks closed flat on Thursday, July 22, after two consecutive sessions of solid gains as investors weighed a sudden spike in unemployment benefits claims and threats from Covid’s Delta mutant. The S&P 500 was up 0.20% to 4,367.48. The...
US stocks surge on robust earnings reports
July 22, 2021 07:47 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, July 21, continuing their gains from the previous session as positive quarterly earnings reports lifted the investors' sentiments. The S&P 500 was up 0.82% to 4,358.69. The Dow Jones gained 0.83%...
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