Wall Street regains momentum on bank, tech stocks rally; VMW, JPM surge

  UK Market: The UK stock market, coming out of the sluggishness of the last session, strengthened on Friday. Blue-chip FTSE 100 index was up by 0.19%, supported by stocks like Rentokil Initial Plc (3.61%) and Rolls-Royce Holdings Plc (3.02%). ...

Benchmark US indices closed higher on Thursday, March 24, boosted by gains in big technology stocks as crude oil prices dropped more, lifting investors’ sentiments on Wall Street. The S&P 500 gained 1.43% to 4520.16. The Dow Jones rose 1.0...

  UK Market: The UK stock market showed a cautious trade on Thursday with the blue-chip FTSE100 index marginally in red, weighed down by the disappointment of lower guidance from Next (LON: NXT) (-3.10%). The index received some support from st...

Wall Street’s major indices closed in the red on Wednesday, March 23, as mega-cap stocks fell out of favor with risk-averse investors and benchmark crude futures jumped again. The S&P 500 fell 1.23% to 4456.24. The Dow Jones declined 1.29%...

UK Market: The UK stock market turned lower on Wednesday. Annual inflation rose to 6.2% in February 2022, the highest level since March 1992. The blue-chip index FTSE 100 was down by 0.14%. Oil & gas-related stocks like BP Plc (3.80%) and Shell P...

Wall Street’s main indexes closed higher on Tuesday, March 22, as technology, financials, and consumer discretionary segments saw a strong rebound amid upbeat quarterly results. The S&P 500 rose 1.13% to 4511.61. The Dow Jones gained 0.74%...

US stocks kicked off the week lower on Monday, March 21, after Fed Chair Jerome Powell reiterated tough action on inflation and the EU weighed joining the US on banning Russian oil imports. The S&P 500 fell 0.04% to 4,461.18. The Dow Jones decli...

UK Market: The UK stock market showed a mixed trend on Monday, with blue-chip FTSE 100 gaining around 0.50%, while the mid-cap focused FTSE 250 index was lower by around 0.70%. Most of the oil & gas-related stocks like Shell Plc (3.10%) and BP Pl...

UK Market: The UK stock market went for a rollercoaster ride on the final day of the week. Blue-chip index FTSE 100 and other major indices during mid of the day’s trade was down by 0.50 to 1.50 per cent tailing the weakness in the European cou...

UK Market: The UK stock market reacted positively to the BoE’s decision to hike interest rates by 25 basis points to 0.75%. The latest hike has brought the borrowing rates back to pre-pandemic levels. The blue-chip FTSE100 index was up by aroun...