Technology heavyweights like Tesla and Meta Platforms contributed to record gains Monday on Nasdaq although restraint was shown by investors anticipating a tapering of the Federal Reserve’s $120 billion monthly bond buying program. Nasdaq Composite rose by 61.69 points (0.40 percent) at 15,560.08, the S&P 500 rose 1.95 points (0.04 percent) at 4,607.33 and Dow…
Tesla ‘Drives’ the Market Upwards, Lifts Nasdaq to Record Territory
S&P 500, Nasdaq Open at Record High in a Big Week for Federal Reserve
November 1, 2021
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The S&P 500 and the Nasdaq indexes opened at record highs on Monday, led by gains in Tesla and energy stocks at the start of a week packed with economic data as well as the Federal Reserve’s potential move to slow down bond purchases. The Dow Jones Industrial Average rose 14.09 points, or 0.04 percent,…
Wall Street Mixed Ahead of Federal Reserve’s Policy Meet
November 1, 2021
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U.S. stock indexes eased from intraday record highs on Monday, dragged down by Microsoft and other mega-cap technology stocks, while data showed U.S. manufacturing activity slowed in October amid supply chain disruptions. All the major indexes had scaled new peaks earlier in the session, with the blue-chip Dow hitting 36,000 points for the first time….
Nasdaq Rises After Strong Microsoft Forecast
October 27, 2021
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The Nasdaq led gains among Wall Street indexes on Wednesday after a robust forecast from Microsoft supported optimism about the third-quarter earnings season, while a decline in oil prices hurt shares of energy companies. The S&P 500 index and the Dow Jones Industrial Average struggled for direction in the first hour of trading, with seven…
Tesla, PayPal Lift S&P 500 and Nasdaq Ahead of Big Tech Earnings
October 25, 2021
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U.S. stock indexes edged higher in choppy trade on Monday, led by gains in Tesla and PayPal shares, while investors geared up for earnings reports from heavyweight technology companies this week that could provide direction to the markets. Tesla Inc. rose 4.5 percent to a record high after car rental firm Hertz placed an order…
Nasdaq, S&P 500 End Lower, Dragged Down by Communications Services
October 23, 2021
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The S&P 500 and Nasdaq closed lower on Friday as disappointing quarterly reports from Snap Inc. and Intel Corp. put pressure on the communications and technology sectors and investors turned skittish as Federal Reserve Chair Jerome Powell discussed stimulus tapering. The Dow managed to end the day with a record closing high for the first…
Nasdaq Set for Lower Open After Intel’s Margin Warning
October 22, 2021
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The Nasdaq was set for a lower open on Friday after chipmaker Intel warned of lower profit margins, while Snap Inc. led declines among social media firms after flagging a hit to digital advertising from privacy changes by Apple. Intel Corp. slid 9.5 percent in premarket trading as it missed third-quarter sales expectations, while its…
S&P 500, Dow Scale New Peaks; Nasdaq Hit by Facebook
October 22, 2021
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The Dow and the S&P 500 hit record highs on Friday following positive earnings from American Express, while the Nasdaq was pressured after social media giants including Facebook tumbled on Apple privacy tweak worries. The benchmark index hit an intraday record for the second straight session and was set for weekly gains of 1.8 percent,…
Nasdaq Profit Beats on Robust Demand for Investment Products
October 20, 2021
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Nasdaq Inc. on Wednesday reported a third-quarter profit that topped Wall Street estimates, helped by strong demand for its investment-related products and a jump in the number of initial public offerings. While the transatlantic exchange operator is best known for its bourses, Nasdaq has tried to push into the anti-money laundering software sector and reposition…
S&P, Nasdaq Enjoy Boost From Big Tech Firms, Dow Ends a Hair Lower
October 19, 2021
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The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc. and appeared optimistic about the third-quarter earnings season. After a weak start following disappointing economic data from China, the S&P and Nasdaq gathered steam in late morning with…
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