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, Dow Futures Hit Record Highs as Investors Eye Tech Earnings
October 26, 2021
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The S&P 500 and Dow futures hit record highs on Tuesday as Facebook rose after its quarterly results and a share buyback plan, turning the spotlight on its technology peers set to report later in the day. Facebook Inc. rose 2.5 percent in premarket trading even as the social media giant warned that Apple Inc.’s…
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…
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…
Dow, S&P Futures Inch Higher as Banks, Energy Stocks Jump
September 27, 2021
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Futures tracking the Dow and the S&P 500 index edged higher on Monday, as investors pivoted towards economically sensitive sectors, with focus turning towards upcoming economic readings and ongoing talks over increased government spending. Oil majors Exxon Mobil and Chevron Corp. rose 1.5 percent and 1.2 percent in premarket trade, respectively, tracking crude prices, while…
S&P Ends Modestly Lower as Rising Treasury Yields Offset Robust Retail Data
September 17, 2021
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NEW YORK— The S&P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery. The three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on…
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