Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 26 years ago, Comparator Systems stock gained 3,025 percent and set a new record for single-day Nasdaq trading volume. Where The Market Was The Dow finished the day at 5,475.14. The S&P 500 traded…
This Day in Market History: Comparator Systems Smashes Nasdaq Trading Volume Record
Citigroup Says Human Error Caused ‘Flash Crash’ Hit to European Shares
Citigroup Inc. said on May 2 that a so-called “flash crash” in European stock markets occurred when one of its traders made an error. The acknowledgment came just hours after the stock market experienced an extremely rapid decline in the price of a number of assets, something that traders often refer to as a “flash crash” and which…
Tech Stocks Slump Again; Nasdaq Has Worst Loss Since 2020
NEW YORK —More sharp declines in Big Tech stocks sent the Nasdaq composite down 4 percent Tuesday, the worst drop for the tech-heavy index since September 2020. The Nasdaq is now down 20 percent so far this year as investors shun the ultra-pricey tech sector, which had made gangbuster gains for much of the pandemic….
Nasdaq Ends Sharply Higher After Twitter Agrees to Be Bought by Musk
April 25, 2022
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Wall Street rose on Monday, with the Nasdaq ending sharply higher after Twitter agreed to be bought by billionaire Elon Musk, sparking a late day rally in growth stocks. Twitter ended up 5.6 percent after announcing it would be bought by Musk in a deal that will shift control of the social media giant to…
Nasdaq Leads Wall Street Higher as Yields Retreat
The tech-heavy Nasdaq led Wall Street’s main indexes higher for a second straight session on Wednesday, as easing Treasury yields and overall earnings optimism helped counter a plunge in the shares of streaming giant Netflix. The Dow Jones Industrial Average rose 51.5 points, or 0.15 percent, at the open to 34,962.67. The S&P 500 rose…
S&P 500, Nasdaq Set for Muted Open After Mixed Bank Earnings; Twitter Jumps
The S&P 500 and the Nasdaq were set to open lower on Thursday, following mixed earnings from a slew of Wall Street lenders on the last day of a holiday-shortened week, while Twitter shares jumped after billionaire Elon Musk’s takeover offer. Twitter Inc jumped 6.4 percent in premarket trading after Tesla Inc. CEO Elon Musk…
Stock Markets Decline, Dollar Strengthens as Fed Reveals Aggressive Stance Toward Inflation in March Minutes
Stocks declined and the U.S. dollar rose following the release of Fed’s March minutes that reinforced market views on the policymakers’ hawkish stance in a bid to curb decades-high inflation. The benchmark S&P started its decline on April 5 after opening at around 4,567.88 and closing over 0.9 percent lower at 4,525.02 mostly on fears…
Nasdaq Slides Over 1 Percent After Hawkish Comments From Fed’s Brainard
U.S. stock indexes hit session lows on Tuesday, with the tech-heavy Nasdaq falling more than 1 percent after comments from U.S. Federal Reserve Governor Lael Brainard sparked worries about aggressive monetary policy tightening. Brainard said she expects methodical interest rate increases and rapid reductions to the Fed’s balance sheet to bring U.S. monetary policy to…
S&P, Nasdaq Edge Higher at Open as Twitter, China ADRs Surge
The S&P 500 and the Nasdaq opened higher on Monday as a jump in the shares of Twitter and U.S.–listed Chinese firms offset concerns about more sanctions against Russia over its invasion of Ukraine. The Dow Jones Industrial Average fell 18.3 points, or 0.05 percent, at the open to 34799.98. The S&P 500 rose 2.1…
Nasdaq, S&P Edge Higher on Tech Boost, Biden-Xi Talks Eyed
The Nasdaq and the S&P 500 indexes inched higher in volatile trading on Friday as megacap stocks gained ground, while investors assessed talks between President Joe Biden and his Chinese counterpart Xi Jinping over the Ukraine conflict. Seven of the 11 major S&P sectors were lower, with energy stocks and utilities falling the most. Nvidia,…
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