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Market updates
Dow, S&P close higher on strong earnings; MSFT, Visa, TMUS rally
April 27, 2022 01:57 PM PDT| By Rupam RoyDow Jones and S&P 500 edged higher while Nasdaq closed flat on Wednesday, April 27, as strong quarterly earnings of Microsoft Corp and Visa Inc lifted the market sentiment in a reversal from the previous day’s fall. The S&P 500 rose 0....
US stocks retreat ahead of big earnings; TSLA, GE, UPS decline
April 26, 2022 01:54 PM PDT| By Rupam RoyWall Street’s main indices edged lower on Tuesday, April 26, ahead of the earnings of big companies like Microsoft and Alphabet as investors weighed the risks of slow growth and higher interest rates. The S&P 500 was down 2.81% to 4,175.20...
US stocks rise after Twitter nod to Musk's buyout offer; KO rallies
April 25, 2022 01:55 PM PDT| By Rupam RoyBenchmark US indices closed the first day of the week on a positive note on Monday, April 26, after Twitter board agreed to Elon Musk’s US$44 billion buyout offer, marking a watershed moment for the social media company. The S&P 500 was do...
Wall Street edge lower on weak earnings; SNAP, VZ, GPS decline
April 22, 2022 01:53 PM PDT| By Rupam RoyBenchmark US indices closed the week lower on Friday, April 22, as weak earnings and the relentless fall in growth stocks weighed on investors' minds. The S&P 500 was down 2.77% to 4,271.78. The Dow Jones fell 2.82% to 33,811.40. The NASDAQ Comp...
US stocks retreat after Powell's speech; TLSA, UAL, AT&T rally
April 21, 2022 02:05 PM PDT| By Rupam RoyUS stock drifted lower on Thursday, April 21, after Fed Chair Jerome Powell signaled more rate hikes to come as early as next month to curb the high inflation in the US economy. The S&P 500 was down 1.48% to 4,393.66. The Dow Jones fell 1.05% to...
US stocks close mixed after weak Netflix results; IBM, PG stocks rally
April 20, 2022 02:04 PM PDT| By Rupam RoyWall Street closed mixed on Wednesday, April 20, after growth stocks took a beating following Netflix's disappointing quarterly results the day before. The S&P 500 was down 0.06% to 4,459.45. The Dow Jones rose 0.71% to 35,160.79. The NASDAQ Com...
US stocks edge higher on earnings optimism; JNJ, IBM, AAL rally
April 19, 2022 02:37 PM PDT| By Rupam RoyBenchmark US indices closed higher on Tuesday, April 19, as better-than expected quarterly results lifted investors’ sentiments. The S&P 500 up 1.61% to 4,462.21. The Dow Jones rose 1.45% to 34,911.20. The NASDAQ Composite increased by 2.1...
US stocks retreat, yields jump; BAC, TSLA rally
April 18, 2022 01:52 PM PDT| By Rupam RoyWall Street’s main indices edged lower on Monday, April 18, after bond yields climbed to a fresh three-year high in anticipation of the Federal Reserve’s aggressive rate hike to calm inflation. The S&P 500 fell 0.02% to 4,391.69. The...
US stocks slip on mixed bank earnings; AAPL, MSFT, NVDA decline
April 14, 2022 02:02 PM PDT| By Rupam RoyWall Street’s main indices closed lower on Thursday, April 14, as rising yields and mixed bank earnings weighed on mega-cap stocks ahead of an extended weekend holiday for Good Friday. The S&P 500 was down 1.21% to 4,392.59. The Dow Jones...
Wall Street closes higher as earnings season kicks in; DAL, AAL, TSM rally
April 13, 2022 02:10 PM PDT| By Rupam RoyBenchmark US indices closed higher on Wednesday, April 13, as a new earnings season set in and growth stocks salvaged some of their recent losses as investors shrugged off inflation worries. The S&P 500 was up 1.12% to 4,446.59. The Dow Jones in...
US indices close lower on mixed global cues; NVDA, MSFT among top losers
April 08, 2022 02:08 PM PDT| By Team Kalkine MediaUS stocks closed lower on Friday, April 8, dragged down by technology, consumer-cyclicals, and industrial segments after a lacklustre session clouded by mixed signals on growth and inflation. The S&P 500 fell 0.27% to 4488.28. The Dow Jones rose...
Wall Street closes higher, yield touches 3-year high; HP, PFE rise
April 07, 2022 04:28 PM PDT| By Team Kalkine MediaWall Street’s main indices closed higher on Thursday, April 7, lifted by healthcare and energy stocks even as investors weighed Fed’s plans to shrink the balance sheet by US$95 billion a month. The S&P 500 rose 0.43% to 4500.21. The...
US indices drop after Fed minutes, yields rise; WMT, UNH gain
April 06, 2022 02:34 PM PDT| By Team Kalkine MediaBenchmark US indices closed lower for the second straight day on Wednesday, April 6, dragged down by tech and material stocks after Fed’s minutes showed details of its balance sheet runoff. The S&P 500 fell 0.97% to 4481.15. The Dow Jones...
US stocks fall, weighed down by tech, energy; TWTR, AMT gain
April 05, 2022 02:08 PM PDT| By Team Kalkine MediaUS stock indexes slid on Tuesday, April 5, as investors concerns grew that the Fed may take more corrective measures to thwart inflation. However, Twitter shares continue to surge as Tesla CEO Elon Musk is set to join its board after becoming its hig...
Wall Street closes higher, lifted by tech stocks: TWTR, TSLA, FB rise
April 04, 2022 02:06 PM PDT| By Team Kalkine MediaWall Street’s main indices closed higher on Monday, April 4, riding on the back of technology and growth stocks and an upsurge in Twitter (TWTR) after shares Tesla chief Elon Musk revealed a 9.2% stake in the social media company. The S&P...
Wall Street closes higher on jobs report, yields rise; PLD, AMT gain
April 01, 2022 02:41 PM PDT| By Sanjeeb BaruahWall Street’s main indices closed higher on Friday, April 1, lifted by utility and material stocks after new economic data showed US unemployment rate fell close to the pre-pandemic level. The S&P 500 rose 0.34% to 4545.86. The Dow Jones g...
US stocks slip on mixed global cues; AMZN, HD fall sharply
March 31, 2022 12:29 PM PDT| By Sanjeeb BaruahBenchmark US indices closed lower on Thursday, March 31, dragged down by losses across stock segments as investors held back from risky bets amid supply uncertainties and higher inflation. The S&P 500 fell 1.57% to 4530.41. The Dow Jones decline...
Wall Street retreats as Ukraine bombings intensify, oil rises; SHEL, EQNR climb
March 30, 2022 03:04 PM PDT| By Sanjeeb BaruahUS stocks erased the previous day’s gains to close lower on Wednesday, March 30, as Russia redoubled attacks in Ukraine and dispelled the claim that Turkey talks represented a turning point in the war. The S&P 500 fell 0.31% to 4617.21. Th...
US stocks close higher as oil drops; AAPL, MSFT, TSM gain
March 29, 2022 03:22 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher on Tuesday, March 29, boosted by gains in technology, consumer cyclical, and real estate stocks after mixed signals from the economy. The S&P 500 gained 1.23% to 4631.60. The Dow Jones rose 0.97% to 35294.19. T...
US stocks close higher on gains from Tesla (TSLA); energy, financial stocks retreat
March 28, 2022 02:03 PM PDT| By Rupam RoyBenchmark US indices closed higher on Monday, March 28, as Tesla, Inc (TSLA) sharp gains nullified losses in the financial and energy stocks. The shares of TSLA surged 8.03% in intraday trading after the EV maker said that it would request investors'...
