Thursday, March 4

Tag: nasdaq

Stock

As bond scare lingers on, investors look to US Fed’s Powell

LONDON: Worries about lofty US bond yields hit global shares on Thursday as investors waited to see if Federal Reserve Chair Jerome Powell would address concerns about a rapid rise in long-term borrowing costs. The spectre of high US bond yields also undermined low-yielding, safe-haven assets, such as the yen, the Swiss franc and gold. Benchmark 10-year US Treasuries were at 1.458% . They earlier touched their highest levels since a one-year high of 1.614% set last week on bets on a strong economic recovery aided by government stimulus and progress in vaccination programmes. "Equities and yields continue to both drive and thwart one another," said James Athey, investment director at Aberdeen Standard Investments. "Fed speech continues to express very little concern and certainly is not ...
Stock

Dow Jones rises ahead of Jerome Powell’s speech

The S&P 500 and the Dow opened little changed on Thursday as investors were cautious ahead of remarks from Federal Reserve Chair Jerome Powell amid a recent rise in US bond yields, while data showed a staggering recovery in the labor market. The Dow Jones Industrial Average rose 159.9 points, or 0.51%, at the open to 31,429.48. The S&P 500 fell 12.2 points, or 0.34%, at the open to 3,832.70, while the Nasdaq Composite rose 20.8 points, or 0.15%, to 13,017.82 at the opening bell. /* User Identification Code Start */ var _tiluuid = localStorage.getItem('_tiluuid'); if (_tiluuid === null) { function receiveMessage(evt) { if (evt.origin === 'https://tilanalytics.timesinternet.in') { _tiluu...
Stock

Nasdaq opens lower as private jobs data disappoints

Wall Street's main indexes opened lower on Wednesday as disappointing private employment data for February dampened enthusiasm over a quick economic rebound fueled by a swift rollout of COVID-19 vaccines. The Dow Jones Industrial Average rose 61.6 points, or 0.19%, at the open to 31,452.54. The S&P 500 fell 9.3 points, or 0.26%, at the open to 3,860.30, while the Nasdaq Composite dropped 61.5 points, or 0.46%, to 13,297.20 at the opening bell. /* User Identification Code Start */ var _tiluuid = localStorage.getItem('_tiluuid'); if (_tiluuid === null) { function receiveMessage(evt) { if (evt.origin === 'https://tilanalytics.timesinternet.in') { _tiluuid = evt.data; localSt...
Stock

Dow Jones little changed at the open after strong rally

Wall Street's main indexes opened little changed on Tuesday after a strong start to March as investors closely monitored the bond market as well as progress on the next round of fiscal stimulus. The Dow Jones Industrial Average fell 2.26 points at the open to 31,533.25. The S&P 500 fell 4.42 points, or 0.11%, at the open to 3,897.40, while the Nasdaq Composite rose 57.6 points, or 0.43%, to 13,531.01 at the opening bell. /* User Identification Code Start */ var _tiluuid = localStorage.getItem('_tiluuid'); if (_tiluuid === null) { function receiveMessage(evt) { if (evt.origin === 'https://tilanalytics.timesinternet.in') { _tiluuid = evt.data; localStorage.setItem('_tiluuid...
Stock

Dow Jones rises on J&J vaccine cheer, stimulus optimism

Wall Street's major averages opened higher on Monday as bond markets calmed after a month-long selloff, while encouraging updates on the vaccine and stimulus fronts strengthened bets over a swift economic recovery. The Dow Jones Industrial Average rose 505.5 points, or 1.63%, at the open to 31,437.76. The S&P 500 rose 54.4 points, or 1.44% to 3,865.86, while the Nasdaq Composite rose 188.8 points, or 1.43%, to 13,381.06 at the opening bell. /* User Identification Code Start */ var _tiluuid = localStorage.getItem('_tiluuid'); if (_tiluuid === null) { function receiveMessage(evt) { if (evt.origin === 'https://tilanalytics.timesinternet.in') { _tiluuid = evt.data; localStor...
Politics

Nasdaq Finishes Higher, Tech Stocks Retrace Some Losses

NEW YORK: The tech-heavy Nasdaq index rallied in choppy trading on Friday, even as sentiment remained fragile after the index’s worst performance in four months the day before as fears of rising inflation kept U.S. bond yields near a one-year high.The S&P 500 ended little changed, while the Dow index closed lower after earlier dropping to a three-week low. The Dow still posted gains of nearly 4% for the month, as investors bought into cyclical companies set to benefit from an economic reopening.Nasdaq, which had its worst week since October, ended the month roughly 1% higher while the S&P 500 posted a monthly gain of about 2.6%.Shares of Apple Inc, Amazon.com Inc, Microsoft Corp and Alphabet Inc rose between 0.2% to 1.4% on Friday but had their worst week in months due to a ...
Politics

Nasdaq Closes Higher As Tech Stocks Recoup Some Losses

NEW YORK: The tech-heavy Nasdaq index rallied in choppy trading on Friday, even as sentiment remained fragile after the index’s worst performance in four months the day before as fears of rising inflation kept U.S. bond yields near a one-year high.The S&P 500 ended little changed, while the Dow index closed lower after earlier dropping to a three-week low. The Dow still posted gains of nearly 4% for the month, as investors bought into cyclical companies set to benefit from an economic reopening.Nasdaq, which had its worst week since October, ended the month roughly 1.8% higher while the S&P 500 posted a monthly gain of about 3.5%.Shares of Apple Inc, Amazon.com Inc, Microsoft Corp and Alphabet Inc rose on Friday but had their worst week in months due to a sharp rise in U.S. ...
Stock

Nasdaq opens higher as tech stocks rebound after Thursday’s rout

The S&P 500 and the Nasdaq index opened higher on Friday following a sharp pullback on Wall Street as tech-related stocks rebounded but sentiment remained fragile, with U.S. bond yields at one-year high. The Dow Jones Industrial Average fell 120.7 points at the open to 31,281.20. The S&P 500 rose 18.3 points, or 0.48%, at the open to 3,847.86, while the Nasdaq Composite rose 196.5 points, or 1.50%, to 13,315.78 at the opening bell. /* User Identification Code Start */ var _tiluuid = localStorage.getItem('_tiluuid'); if (_tiluuid === null) { function receiveMessage(evt) { if (evt.origin === 'https://tilanalytics.timesinternet.in') { _tiluuid = evt.data; localStorage.se...
Stock

Nasdaq falls as tech shares continue to slide

Wall Street's main indexes opened lower on Thursday, as heavyweight technology-related stocks remained under pressure with a rise in U.S. Treasury yields, while data showed weekly jobless claims fell more than expected. The Dow Jones Industrial Average fell 8.44 points, or 0.26%, at the open to 31,953.42. The S&P 500 opened lower by 3.63 points, or 0.08%, at 3,922.10, while the Nasdaq Composite dropped 15.33 points, or 0.11%, to 13,582.89 at the opening bell. /* User Identification Code Start */ var _tiluuid = localStorage.getItem('_tiluuid'); if (_tiluuid === null) { function receiveMessage(evt) { if (evt.origin === 'https://tilanalytics.timesinternet.in') { _tiluuid = evt.data; ...
Stock

Asian stocks open higher as Fed’s Powell nixes inflation fears

MIAMI: Asian stocks perked up on Thursday after U.S. Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low, calming market fears that higher inflation might prompt the central bank to tighten the monetary spigot. "The dovish influence from the Fed is going to continue to resonate over in Asia. That's really good for emerging market assets when we've got a really good impulse from the Fed," said Stephen Innes, chief global markets strategist at Axi. Australia's S&P/ASX 200 rose 0.90% in early trade while Japan's Nikkei 225 added 1.37%. Hong Kong's Hang Seng index futures rose 0.92%. In a second day of testimony in Washington, Powell reiterated the Fed's promise to get the U.S. economy back to full employment and to not worry about inflation unless prices rose i...