Tag: NASDAQ

Wall Street Closes Sharply Higher as Inflation Data Fuels Investor Bets on Fed Rate Hike Slowdown

Wall Street registered its biggest rally since 2020 on Thursday following October’s inflation report suggesting a peaking of decades-high consumer prices, and investor optimism regarding a possible slowing down on Fed rate hikes. The S&P 500 closed Nov. 10 at 3956.37 with a 5.54 percent increase; Dow Jones by 3.40 percent at 33,715.37 with an…


Chinese Stocks Tumble to Multi-Year Lows Due to CCP Congress

After the end of the 20th National Congress of the Communist Party of China (20th NC of CCP) last week, the collective slump in Chinese concept stocks has brought huge returns to investors who shorted the stocks. Traders made a profit of up to 4.4 billion US dollars in short-selling transactions on Oct. 24 and…


How Major US Stock Indexes Fared Thursday Oct. 27, 2022

Stocks ended mixed on Wall Street as weakness in several tech companies offset gains in other parts of the market. Facebook’s parent company, Meta Platforms, lost another one-fourth of its value after reporting a second straight quarter of revenue decline amid falling advertising sales and stiff competition from TikTok. That followed weak reports from Google’s…


How Major US Stock Indexes Fared Wednesday Oct. 26, 2022

Stock ended mixed on Wall Street as investors weighed the latest batch of earnings reports, including weak results from several heavyweight technology companies. The S&P 500 fell 0.7 percent Wednesday after shedding an early gain, and the tech-heavy Nasdaq fell 2 percent. The Dow ended just barely in the green, thanks in part to a…


How Major US Stock Indexes Fared Tuesday Oct. 25, 2022

Stocks closed higher on Wall Street, marking the third straight gain for the S&P 500. The benchmark hadn’t been able to string together more than two gains in a row since mid-September. The gains Tuesday came as the flow of company earnings reports stepped up. The S&P 500 climbed 1.6 percent. The Dow Jones Industrial…


S&P 500, Nasdaq Rise at Open Amid Mixed Earnings Reports

The S&P 500 and the Nasdaq opened higher on Tuesday as investors digested a mixed bag of earnings reports, with Microsoft and Alphabet rising ahead of their results later in the day. The S&P 500 opened higher by 2.10 points, or 0.06 percent, at 3,799.44, while the Nasdaq Composite gained 44.35 points, or 0.40 percent,…


How Major US Stock Indexes Fared Monday Oct. 24, 2022

Stocks shook off an early bout of unsettled trading and ended higher ahead of a heavy week of earnings from big tech companies. Alphabet, Amazon, Apple and Facebook parent Meta are all reporting their latest results this week, as are Coca-Cola and General Motors. The S&P 500 rose 1.2 percent Monday. The Nasdaq and the…


How Major US Stock Indexes Fared Friday Oct. 21, 2022

Stocks closed higher on Wall Street Friday, notching sizable weekly gains for major indexes. The benchmark S&P 500 rose 2.4 percent Friday, while the Dow Jones Industrial Average and the Nasdaq also gained ground. Social media companies were broadly lower after Snapchat’s parent company issued a weak outlook and the Washington Post reported that Elon…


How Major US Stock Indexes Fared Thursday Oct. 20, 2022

Stocks gave up an early gain and closed lower on Wall Street as markets continue an unsteady search for direction. Several companies made big moves, both higher and lower, as more of them reported their latest quarterly results. The S&P 500 fell 0.8 percent Thursday. The benchmark index was still holding on to a gain…


How Major US Stock Indexes Fared Wednesday Oct. 19, 2022

Stocks closed lower on Wall Street, reversing course after two days of gains. Major indexes are still higher for the week despite the declines, which pulled every sector lower except energy. Treasury yields continue to climb to multiyear highs, tempting investors with higher returns on relatively low-risk investments. The yield on the two-year Treasury rose…