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Market updates
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%...
US market rebounds, closes higher
July 21, 2021 07:58 AM AEST| By Team Kalkine MediaBenchmark US indices snapped Monday’s losses to close higher on Tuesday, July 20. Wall Street had witnessed a broad selloff yesterday amid concerns about the increasing coronavirus cases. However, investors today rushed to buy more shares from...
US stocks decline over fears of rising COVID cases
July 20, 2021 07:38 AM AEST| By Team Kalkine MediaBenchmark US indices edged lower on Monday, July 19, amid concerns over the Covid-19 cases. Investors sold off airline and cruise stocks fearing that the rebound in new cases could lead to new restrictions and delay the recovery from pandemic. The S...
US stocks end lower after retail sales boost
July 17, 2021 07:14 AM AEST| By Sanjeeb BaruahBenchmark US indices closed the week lower on Friday, July 16, as losses in cyclical stocks eclipsed the gains in growth stocks after the commerce department said retail sales rose marginally in June. The S&P 500 was down 0.75% to 4,327.16. The...
S&P, NASDAQ retreat as growth stocks slip
July 16, 2021 07:54 AM AEST| By Sanjeeb BaruahThe blue-chip S&P 500 and tech-heavy NASDAQ Composite closed lower on Thursday, July 15, weighed down by technology, energy, and consumer discretionary stocks after positive labor data. The S&P 500 fell 0.33% to 4,360.03. The Dow Jones was u...
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...
