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Market updates
US stocks edge higher on Powell's dovish testimony
July 15, 2021 07:43 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, July 14, after Fed chief Jerome Powell reiterated at a Congressional hearing that inflation is transitory and the economic recovery is on the right path. The S&P 500 was up 0.12% to 4,374.30. The...
US stocks close flat on inflation data
July 14, 2021 07:53 AM AEST| By Sanjeeb BaruahUS stocks traded flat on Tuesday, July 13, after the latest government data showed that inflation surged at an annual rate of 5.4% in June, the highest in 13 years, amid a strong economic rebound. The S&P 500 was down 0.35% to 4,369.21. The Dow...
US stocks close higher as focus shifts to quarterly earnings
July 13, 2021 07:56 AM AEST| By Sanjeeb BaruahAll major US stock markets closed higher on Monday, July 12, ahead of the quarterly earnings reports and new economic data due to be released this week. The S&P 500 was up 0.35% to 4,384.63. The Dow Jones rose 0.36% to 34,996.18. The NASDAQ Comp...
US markets draw the curtain on a topsy-turvy week with positive note
July 10, 2021 07:06 AM AEST| By Sanjeeb BaruahBenchmark US indices recovered the previous day’s losses to end the week on a high note on Friday, July 9, with the S&P 500 notching another record close amid a grim outlook on the pandemic front. The S&P 500 was up 1.13% to 4,369.55....
Wall Street stocks retreat on economic concerns
July 09, 2021 07:46 AM AEST| By Sanjeeb BaruahAll major US stock markets closed their sessions in red on Thursday, July 8, as a continued demand and supply imbalance raised concerns about the health of the American economy, and investors pulled back from risky bets. The S&P 500 was down 0.8...
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US markets edge higher, lifted by real estate, healthcare stocks
July 08, 2021 07:55 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, July 7, pulled up by gains in real estate and healthcare stocks after the Fed held its first discussion on the bond purchase, accepting that inflation has been a cause of worry but deciding to keep the...
US indices slip after last week's record closes
July 07, 2021 07:20 AM AEST| By Sanjeeb BaruahBenchmark US indices edged lower on Tuesday, July 6, after several record consecutive closes last week as investors looked for global cues and turned their focus on economy-linked value stocks. The S&P 500 was down 0.20% to 4,343.54. The Dow Jon...
US stocks close higher on June employment data
July 03, 2021 07:28 AM AEST| By Sanjeeb BaruahAll major US stock markets closed the week on a positive note on Friday, July 2, as investor sentiments were boosted by the Labor Department’s June employment data. The S&P 500 was up 0.75% to 4,352.34. The Dow Jones gained 0.44% to 34,786...
US stocks close higher on positive earnings outlook, economic data
July 02, 2021 08:29 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Thursday, July 1, as a strong economic recovery increased the prospect of a robust earnings season of big companies in the coming weeks. The S&P 500 was up 0.52% to 4,319.94. The Dow Jones gained 0.38% to 34...
US markets end mixed; energy, industrial stocks lead
July 01, 2021 07:47 AM AEST| By Sanjeeb BaruahAll major US stock markets closed mixed on Wednesday, the last day of the month, as energy, industrials, and consumer staple segments saw modest gains amid a positive economic outlook. The S&P 500 was up 0.13% to 4,297.50. The Dow Jones gained 0...
US stocks end flat on positive economic outlook
June 30, 2021 07:36 AM AEST| By Sanjeeb BaruahBenchmark US indices closed flat on Tuesday, June 29, after technology and economy-linked stocks logged modest gains in intraday trading marked by high enthusiasm following consecutive record closings of the S&P 500 and NASDAQ Composite in the pr...
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S&P 500, NASDAQ make record closes as tech stocks rally
June 29, 2021 08:22 AM AEST| By Sanjeeb BaruahThe S&P 500 and the tech-heavy NASDAQ Composite closed at record highs on Monday, June 28, providing a strong headstart to the week as investors waited for a new set of economic data and a critical OPEC meeting this week whose outcome might sway...
US stocks close week on positive note as financials lead
June 26, 2021 07:23 AM AEST| By Sanjeeb BaruahBenchmark US indices closed the week on a positive note on Friday, June 25, as stocks saw broad gains led by financials despite some minor pushback from the tech segment. The S&P 500 was up 0.33% to 4,280.70. The Dow Jones gained 0.69% to 34,433...
NASDAQ, S&P 500 hit all-time highs after infra deal, labor recovery
June 25, 2021 08:25 AM AEST| By Sanjeeb BaruahBlue-chip S&P 500 and NASDAQ Composite closed at all-time highs on Thursday, June 24, after markets responded positively to the news of President Biden’s US$1 trillion infrastructure deal and continued recovery of the US labor market, criti...
US markets close mixed as financials, energy stocks advance
June 24, 2021 08:26 AM AEST| By Sanjeeb BaruahBenchmark US indices closed mixed on Wednesday, June 23, after financials and energy scrips advanced, while other stock segments remained subdued. The S&P 500 was down 0.11% to 4,241.84. The Dow Jones declined 0.21% to 33,874.24. The NASDAQ Comp...
US markets edge higher as stocks see broad gains
June 23, 2021 08:39 AM AEST| By Sanjeeb BaruahBenchmark US markets closed higher on Tuesday, June 22, as the stock segments saw broad gains led by tech, real estate, and retail sectors. The S&P 500 was up 0.51% to 4,246.44. The Dow Jones rose 0.20% to 33,945.58. The NASDAQ Composite gained...
Rebound in energy, industrial stocks lift Wall Street
June 22, 2021 07:59 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Monday, June 21, after the Dow Jones Industrial Average jumped 580 points as energy and industrial stocks rallied sharply amid a strong economic rebound. The S&P 500 was up 1.40% to 4,224.79. The Dow Jones r...
US Markets end week in red, Dow Jones down 500 points
June 19, 2021 07:30 AM AEST| By Sanjeeb BaruahBenchmark US indices closed the week in red on Friday, June 18, with Dow Jones diving to its lowest level since January, as Americans marked the Juneteenth Holiday to commemorate the end of slavery some 155 years ago. The S&P 500 was down 1.31%...
US markets close flat as stocks slip on inflation fears
June 18, 2021 08:24 AM AEST| By Team Kalkine MediaMajor US stock markets closed the session flat on Thursday, June 17, as key segments on the indices saw muted movements a day after the Federal Reserve signalled a rate hike by 2023 to curb prices. The S&P 500 was down 0.04% to 4,221.86. The Dow...
US Markets Close Lower As Tech, Telecom Stocks Retreat
May 19, 2021 08:15 AM AEST| By Team Kalkine MediaUS stock markets retreated for the second day on Tuesday despite some advances made by technology stocks to hold off the slide as inflation woes continued to weigh on investors' mind. The S&P 500 was down 0.85% to 4,127.83. The Dow Jones shed 0....
