Market updates
Wall Street closes mixed; TLRY, ACB surge on marijuana bill plans
March 25, 2022 02:02 PM PDT| By Rupam RoyDow Jones and S&P 500 rose but stayed near the flatline, and Nasdaq closed in the red on Friday, March 25, dragged down by losses in technology stocks as investors weighed the impact from Europe’s possible energy shortages and the interest...
Dow, S&P, Nasdaq rally after selloff, oil drops; NVDA, AMD surge
March 24, 2022 12:51 PM PDT| By Rupam RoyBenchmark 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...
Wall Street ends in the red, oil jumps; GME, AMC surge, ADBE tumbles
March 23, 2022 02:33 PM PDT| By Rupam RoyWall 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%...
Wall Street closes higher on positive economic outlook; TSLA, PDD soar
March 22, 2022 01:23 PM PDT| By Rupam RoyWall 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 retreat after Powell vows more rate hikes; XOM, CVX rise
March 21, 2022 02:39 PM PDT| By Rupam RoyUS 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...
US stocks close in red on inflation woes; DOCU, DIDI nosedive
March 11, 2022 03:01 PM PST| By Versha JainBenchmark US indices closed the week lower on Friday, March 11, dragged down by technology and consumer discretionary stocks amid Ukraine-linked volatility and inflation concerns. The S&P 500 fell 1.30% to 4,204.31. The Dow Jones decline...
US stocks slip after CPI tops 7.9% YoY; AMZN, CRWD rise
March 10, 2022 02:44 PM PST| By Versha JainBenchmark US indices retreated from the previous day’s gains to close lower on Thursday, March 10, after US inflation touched another 40-year high in February, fuelled by higher energy costs. The Labor Department said the consumer price index...
Wall Street surges back as oil drops; AAPL, MSFT, NVDA rise
March 09, 2022 02:06 PM PST| By Rupam RoyDow Jones, S&P 500, and tech-heavy Nasdaq Composite rebounded strongly from their recent losses on Wednesday, March 9, as oil prices plummeted over 11%, prompting investors to pull back from haven assets. Oil pulled back sharply after reports th...
US indices wobble on Russian oil ban; ENPH, SPWR stocks rally
March 08, 2022 02:49 PM PST| By Versha JainUS stocks closed lower on Tuesday, March 8, after the US banned Russian oil imports, causing a price surge, and investors trimmed bond holdings, fearing more turmoil in the market. The S&P 500 declined 0.72% to 4,170.70. The Dow Jones fell 0.56%...
Dow, NASDAQ fall sharply, oil tops US$130 a barrel; IMPP, CEI surge
March 07, 2022 02:50 PM PST| By Versha JainWall Street’s main indexes fell sharply on Monday, March 7, after oil prices surged to a new record as Russian forces continued attacks on Ukraine, stoking fears of a global recession. The S&P 500 fell 2.95% to 4,201.09. The Dow Jones decl...
US stocks close week in red as Ukraine crisis mounts, OXY, CEI rise
March 04, 2022 03:26 PM PST| By Versha JainBenchmark US indices closed the week in red on Friday, March 4, as Russian forces intensified shelling in Ukraine and seized a major nuclear plant, deepening humanitarian concerns. The S&P 500 fell 0.79% to 4,328.87. The Dow Jones declined 0.53%...
US stocks wobble as commodity prices hit 14-year high, KR, BBY surge
March 03, 2022 02:46 PM PST| By Versha JainUS stocks closed lower on Thursday, March 3, after commodity prices hit a 14-year high amid Black Sea curbs and the unfolding humanitarian crisis unleashed by the Russia-Ukraine war. Oil prices jumped to US$116 a barrel in intraday trading, the high...
US stocks rebound on Fed’s hints at rate hike; JWN, HPE, XOM soar
March 02, 2022 03:15 PM PST| By Versha JainUS stocks rebounded strongly to close higher on Wednesday, March 2, after the Ukraine-fuelled selloffs the day before as the Fed hinted at a 25-basis point hike in interest rates this month. The clarity over Fed’s rate hike boosted investors&r...
US indices retreat as Russia bombs Ukraine; TGT, ACI stocks rally
March 01, 2022 02:24 PM PST| By Versha JainWall Street’s major indices fell sharply on Tuesday, March 1, after Russia intensified bombings in Ukraine, raising the spectre of a violent attack as the world watched the events in horror. Oil prices climbed again above the US$100 per barrel...
NYSE, Dow slip after new Russia sanctions; oil jumps, TSLA, FNH rise
February 28, 2022 02:12 PM PST| By Versha JainWall Street’s main indices closed mixed on Monday, February 28, as countries stepped up sanctions against Russia for invading Ukraine, driving up the oil prices after Friday’s retreat. The S&P 500 fell 0.24% to 4,373.94. The Dow Jone...
US stocks rally on Russia’s openness for Ukraine talks; SQ, ETSY climb
February 25, 2022 03:55 PM PST| By Versha JainBenchmark US indices rallied for the second-consecutive day on Friday, February 25, after Russia agreed to high-level talks with Ukraine the day after the military raids began. The S&P 500 surged 2.24% to 4,384.65. The Dow Jones climbed 2.51% to...
US stocks rebound after Russia sanctions; MRNA, PANW, FB surge
February 24, 2022 02:36 PM PST| By Versha JainWall Street’s main indexes rebounded strongly on Thursday, February 24, after a three-day slide amid a flurry of diplomatic talks to stop a full-scale Russian offensive in Ukraine. The S&P 500 surged 1.50% to 4,288.70. The Dow Jones rose 0...
Is Russia-Ukraine crisis a reality-check for different asset classes?
February 24, 2022 01:52 PM PST| By Versha JainHighlights Analysts say oil prices may average US$110 in the second quarter of 2022. The global crypto market cap fell sharply on Thursday morning. Gold prices rose to over US$1900, the highest jump since September 2020. The Russia-Ukra.....
US indices fall sharply on Ukraine crisis, TSLA, AMZN among top losers
February 23, 2022 03:06 PM PST| By Versha JainBenchmark US indices retreated for the second-consecutive day on Wednesday, February 23, after Ukraine declared a state of emergency and asked citizens to immediately leave the territory as a Russian military offensive on Kiev was ‘imminent&rsq...
US indices tumble; TSLA, HD fall sharply as Ukraine invasion looms
February 22, 2022 03:33 PM PST| By Versha JainUS indices edged lower on Tuesday, February 22, dragged down by energy and materials stocks after Russian troops advanced into Ukraine’s two breakaway regions, deepening the crisis. The S&P 500 declined 1.01% to 4,304.76. The Dow Jones fel...