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Market updates
US stocks slip on consumer confidence data
September 01, 2021 08:08 AM AEST| By Sanjeeb BaruahBenchmark US indices closed lower on Tuesday, August 31, after blue-chip technology stocks retreated amid coronavirus fears and new economic data showed declining consumer confidence. The S&P 500 fell 0.13% to 4,522.68. The Dow Jones shed 0.11%...
S&P 500, Nasdaq extend gains on tech boost
August 31, 2021 07:58 AM AEST| By Sanjeeb BaruahBlue-chip S&P 500 and tech-heavy Nasdaq Composite continued their gains on Monday, August 30, from the previous week’s record closes after technology and consumer discretionary stocks rallied. The S&P 500 was up 0.43% to 4,528.79. The...
S&P 500, Nasdaq close at record highs after Powell's dovish remark
August 28, 2021 07:19 AM AEST| By Sanjeeb BaruahThe S&P 500 and tech-heavy Nasdaq closed the trading week at all-time highs on Friday, August 27, after Federal Reserve Chairman Jerome Powell cautioned against overreaction to inflation, reiterating that the bank would start tapering monetary su...
US stocks drift on Fed's taper concerns, mixed economic data
August 27, 2021 07:45 AM AEST| By Sanjeeb BaruahThe benchmark US stock indices slipped on Thursday, August 26, after mixed economic data and concerns over Fed's likely tightening of its asset-buying program weighed on investors' minds. The S&P 500 was down 0.58% to 4,470.00. The Dow Jones fel...
US markets extend gains as tech, financial stocks rise
August 26, 2021 07:54 AM AEST| By Sanjeeb BaruahAll major US stock markets closed higher on Wednesday, August 26, pulled up by gains in technology and financial sectors. The blue-chip S&P 500 and tech-heavy Nasdaq Composite closed at record highs for the third consecutive day, buoyed by a posi...
US stocks rise on vaccine hopes, positive economic outlook
August 25, 2021 08:01 AM AEST| By Sanjeeb BaruahBenchmark S&P 500 and NASDAQ composite closed at record highs for the second consecutive day on Tuesday, August 24, after significant gains in consumer discretionary and energy segments. The S&P 500 was up 0.15% to 4,486.23. The Dow Jones ro...
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 close flat after Fed's hawkish tilt
August 20, 2021 07:25 AM AEST| By Sanjeeb BaruahBenchmark US indices closed flat on Thursday, August 19, a day after Fed minutes revealed broad consensus on pulling back monetary stimuli but still to set a specific start date for the withdrawal. The S&P 500 was up 0.13% to 4,405.80. The Dow J...
US stocks end lower after Fed minutes
August 19, 2021 08:04 AM AEST| By Sanjeeb BaruahBenchmark US indices closed lower on Wednesday, August 18, amid concerns over the pace of economic recovery as delta virus spread rapidly. The S&P 500 was down 1.07% to 4,400.27. The Dow Jones fell 1.08% to 34,960.69. The NASDAQ Composite droppe...
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...
US stocks edge higher on inflation data
August 12, 2021 07:40 AM AEST| By Team Kalkine MediaThe S&P 500 index and Dow Jones Industrial Average edged higher on Wednesday, August 11, after the utility and basic materials stocks advanced amid a positive economic outlook. The S&P 500 was up 0.25% to 4,447.70. The Dow Jones rose 0.62% t...
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 rise on jobless claims data
August 06, 2021 07:32 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Thursday, August 5, after the latest labor data showed jobless benefits claims fell sharply last week, and a positive economic outlook drove investors to bet on stocks perceived as riskier than the safe-haven ass...
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...
