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US STOCKS-S&P ekes out gains to close languid week
  + stars: | 2021-06-11 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) Economically sensitive smallcaps and transports notched solid gains, outperforming the broader market. For the week, the S&P and the Nasdaq advanced from last Friday’s close, while the Dow posted a weekly loss. Much of the focus centered on Thursday’s consumer price data, which eased jitters over the duration of the current inflation wave. Among the 11 major sectors in the S&P 500, healthcare suffered the biggest percentage drop.
Persons: Dow, ” Oliver Pursche, ” Pursche, Stephen Culp, Ambar Warrick, Devik, Matthew Lewis, Cynthia Osterman Organizations: U.S . Federal Reserve, Nasdaq, Wealthspire Advisors, Federal Reserve, University of Michigan’s, Benchmark U.S, Treasury, Drug Administration, Dow Jones, AMC Entertainment Locations: New York, Bengaluru
US STOCKS SNAPSHOT-Wall Street opens slightly higher as inflation fears ebb
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.92   time to read: 1 min
June 11 (Reuters) - U.S. stocks opened slightly higher on Friday as inflation data calmed concerns over a possible long-term spike in consumer prices, while investors looked to next week’s Federal Reserve meeting for more cues on monetary policy. The Dow Jones Industrial Average rose 33.57 points, or 0.10%, at the open to 34,499.81. The S&P 500 opened higher by 3.72 points, or 0.09%, at 4,242.90, and the Nasdaq Composite gained 10.52 points, or 0.08%, to 14,030.85 at the opening bell. (Reporting by Ambar Warrick in Bengaluru; Editing by Maju Samuel)
Persons: Ambar Warrick, Maju Samuel Organizations: Dow Jones, Nasdaq Locations: Bengaluru
Futures tick higher as inflation fears fade
  + stars: | 2021-06-11 | by ( Ambar Warrick | ) www.reuters.com sentiment -0.99   time to read: +1 min
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. read moreMuch of the price surge in May came from items such as commodities and airfares, and it is expected to be temporary. S&P 500 E-minis were up 7.25 points, or 0.17 at 06:36 a.m. Dow E-minis were up 77 points, or 0.22%, while Nasdaq 100 E-minis were up 30.25 points, or 0.22%. Stocks favored by small-time investors were set to close higher for the week, even as a rally appeared to be running out of steam on Thursday.
Persons: Brendan McDermid, Dow Jones, Joe Biden's, Stocks Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Thomson Locations: New York City, U.S
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. With recent data also indicating weakness in the labor market, the Fed is widely expected to maintain accommodative policy, which is positive for stocks and other risk-driven assets. "The commentary will be that they're still focusing on the last two employment reports, which were much weaker than anticipated. "This meeting coming up plus the meeting in late July will probably result in no policy changes, or even contemplation of policy changes." U.S. S&P 500 E-minis were up 5.75 points, or 0.14%, at 08:02 a.m. EDT.
Persons: Brendan McDermid, Sam Stovall, Dow Jones, Joe Biden's, Stocks Organizations: New York Stock Exchange, REUTERS, Research, Dow, Nasdaq, Royal Caribbean Group, Thomson Locations: New York City, U.S, New York, premarket
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermidU.S. stock indexes rose slightly on Friday on gains in technology and growth-exposed sectors after inflation data calmed fears over imminent policy tightening by the Federal Reserve. The S&P 500 (.SPX)traded just below a record high of 4,249.74, with heavyweight technology stocks serving as the largest boost. Investors scaled back expectations for early policy tightening by the Fed after May's consumer price data suggested a recent spike in inflation would be transitory. Most of the so-called "meme" stocks rose on Friday.
Persons: Brendan McDermid, Sam Stovall, Dow Jones, Joe Biden's, Stocks Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Fed, Research, Dow Jones, Nasdaq, Dow, Cruise, Royal Caribbean Group, NYSE, Thomson Locations: New York City, U.S, New York
Wall Street flat with Fed meet in focus
  + stars: | 2021-06-11 | by ( Devik Jain Ambar Warrick | Devik Jain | Ambar Warrick | ) www.reuters.com + 0.00   time to read: +3 min
The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. The S&P 500 (.SPX)traded just below a record high of 4,249.74, with heavyweight technology stocks serving as the largest boost. Sectors such as financials and basic resources, that stand to benefit from an economic bounceback this year, also supported the index. Investors scaled back expectations for early policy tightening by the Fed after May's consumer price data suggested a recent spike in inflation would be transitory. The S&P industrials (.SPLRCI) sector was flat on Friday, and was set to lose for the week.
Persons: Brendan McDermid, Hogan, Peter Cardillo, Cardillo, Dow Jones, Joe Biden's, Stocks Organizations: New York Stock Exchange, REUTERS, Reserve, National Securities, Fed, Spartan Capital Securities, Dow Jones, Nasdaq, U.S . Food, Biogen Inc, Dow, Cruise, Royal Caribbean Group, NYSE, Thomson Locations: New York City, U.S, New York
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) (Updates to market close)June 10 (Reuters) - Wall Street stocks ended firmer on Thursday, with the S&P 500 hitting a record closing high, as economic data appeared to support the Federal Reserve’s assertion that the current wave of heightened inflation will be temporary. All three major U.S. stock indexes advanced, with market-leading megacap stocks putting the Nasdaq out front. Unofficially, the Dow Jones Industrial Average rose 12.21 points, or 0.04%, to 34,459.35, the S&P 500 gained 19.71 points, or 0.47%, to 4,239.26 and the Nasdaq Composite added 106.86 points, or 0.77%, to 14,018.61. Among the 11 major sectors of the S&P 500, healthcare enjoyed the largest percentage gains.
Persons: smallcaps, , Ryan Detrick, Detrick, Joe Biden’s, Stephen Culp, Ambar Warrick, Richard Chang Organizations: Nasdaq, Labor, Financial, U.S . House, Dow Jones, Treasury, GameStop Corp, Clover Health Investments Corp, AMC Entertainment Holdings, Beyond Inc, GEO Group, Boeing, Reuters, United Airlines, Airbus, Pfizer Inc Locations: Charlotte , North Carolina, United
US STOCKS-Wall Street set for flat open as consumer prices jump
  + stars: | 2021-06-10 | by ( Ambar Warrick | ) www.reuters.com + 0.00   time to read: +3 min
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) The Labor Department said its consumer price index increased 0.6% last month after surging 0.8% in April. The labor market and inflation are two key factors for the Fed to consider tightening, and while inflation has risen, recent payrolls data was underwhelming. A separate report on Thursday from the Labor Department showed the number of Americans filing for jobless claims fell less than expected last week. Focus was also on a major infrastructure spending bill, talks over which hit a deadlock in the Senate.
Persons: , Mark Grant, Ambar Warrick, Maju Samuel Organizations: Boeing, Dow, Nasdaq, Federal Reserve, Labor Department, CPI, Riley, Fed, Dow E, Clover Health, GameStop Corp, Securities and Exchange Commission, Reuters United Airlines, Airbus, Ocugen Inc Locations: Bengaluru
US STOCKS-Futures hold steady ahead of inflation data
  + stars: | 2021-06-10 | by ( Ambar Warrick | ) www.reuters.com sentiment -1.00   time to read: +2 min
While the Fed has reiterated that the spike in inflation would be transitory, investors fear that a bigger-than-expected surge could push the central bank into tightening policy earlier than signaled. The labor market and inflation are two key factors for the Fed to consider tightening, and while inflation has risen, recent payrolls data was underwhelming. U.S. S&P 500 E-minis were up 3 points, or 0.07% at 06:36 a.m. Dow E-minis were up 81 points, or 0.24%, while Nasdaq 100 E-minis were down 35.75 points, or 0.26%. Focus was also on a major infrastructure spending bill, talks over which hit a deadlock in the Senate.
Persons: Ambar Warrick, Maju Samuel Organizations: Dow, Nasdaq, Reserve, Labor, Fed, Clover Health, GameStop Corp, Boeing, Reuters United Airlines, Airbus Locations: Bengaluru
Wall Street set for flat open as consumer prices jump
  + stars: | 2021-06-10 | by ( Ambar Warrick | ) www.reuters.com + 0.00   time to read: +3 min
Morning sunlight falls on the facade of the New York Stock Exchange (NYSE) building after the start of Thursday's trading session in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/File PhotoU.S. stock indexes were set for a muted open on Thursday as a surge in consumer prices in May fanned fears of early policy tightening by the Federal Reserve, while another report showed the labor market remained under pressure. The Labor Department said its consumer price index increased 0.6% last month after surging 0.8% in April. A separate report on Thursday from the Labor Department showed the number of Americans filing for jobless claims fell less than expected last week. read moreFocus was also on a major infrastructure spending bill, talks over which hit a deadlock in the Senate.
Persons: Mike Segar, Mark Grant Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Labor Department, CPI, Riley, Fed, Dow E, Nasdaq, Clover Health, GameStop Corp, Securities and Exchange Commission, Boeing, Reuters United Airlines, Airbus, Thomson Locations: Manhattan, New York City , New York, U.S
The Labor Department said its consumer price index increased 0.6% last month after surging 0.8% in April. The labor market and inflation are two key factors for the Fed to consider tightening, and while inflation has risen, recent payrolls data was underwhelming. ET, the Dow Jones Industrial Average (.DJI) was up 230.84 points, or 0.67%, at 34,677.98, the S&P 500 (.SPX) was up 27.27 points, or 0.65%, at 4,246.82. read moreAdvancing issues outnumbered decliners by a 2.55-to-1 ratio on the NYSE and a 2.17-to-1 ratio on the Nasdaq. The S&P index recorded 38 new 52-week highs and no new low, while the Nasdaq recorded 58 new highs and six new lows.
Persons: Mike Segar, Mark Grant, Scott Brown, Raymond James Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Labor Department, CPI, Riley Financial, Fed, Dow Jones, Nasdaq, Clover Health, AMC, GameStop Corp, Securities and Exchange Commission, Boeing, Reuters United Airlines, Airbus, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S, St . Petersburg , Florida
S&P 500 brushes off rising inflation to hit record high
  + stars: | 2021-06-10 | by ( Ambar Warrick | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Mike Segar/File PhotoU.S. stocks rose on Thursday and the S&P 500 hit a record intraday high as investors juggled signs of a swift economic recovery with concerns over the Federal Reserve tapering its massive monetary stimulus. The S&P 500 (.SPX) hit a record high of 4,249.74. ET, the Dow Jones Industrial Average (.DJI) was up 123.39 points, or 0.36%, at 34,570.53 and the S&P 500 (.SPX) was up 18.18 points, or 0.43%, at 4,237.73. read moreAdvancing issues outnumbered decliners by a 2.55-to-1 ratio on the NYSE and a 2.17-to-1 ratio on the Nasdaq. The S&P index recorded 48 new 52-week highs and no new lows, while the Nasdaq recorded 72 new highs and nine new lows.
Persons: Mike Segar, Mark Grant, Christine Lagarde Organizations: New York Stock Exchange, REUTERS, Labor Department, CPI, Riley, Dow Jones, Nasdaq, European Central Bank, Clover Health, AMC, GameStop Corp, SEC, Boeing, Reuters United Airlines, Airbus, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S
US STOCKS-Futures tread water, meme stocks set to extend gains
  + stars: | 2021-06-09 | by ( Ambar Warrick | ) www.reuters.com sentiment -1.00   time to read: +1 min
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) While inflation has surged in recent months, a sluggish labor market is broadly expected to keep the bank dovish. ET, U.S. S&P 500 E-minis were up 1.75 points, or 0.04%, Dow E-minis were down 20 points, or 0.06%, while Nasdaq 100 E-minis were up 20 points, or 0.14%. A strong earnings season had seen Wall Street surging to record highs through May, with analysts suggesting markets had taken a pause in recent weeks after the gains. U.S.-listed Chinese stocks showed little reaction to a sweeping package of legislation intended to bolster the United States’ capability to compete with Chinese technology.
Persons: Dow, Ambar Warrick, Maju Samuel Organizations: Dow, Nasdaq, Reserve, Clover Health, GameStop, Dow E Locations: States, China, Bengaluru
Futures tread water, meme stocks set to extend gains
  + stars: | 2021-06-09 | by ( Ambar Warrick | ) www.reuters.com sentiment -1.00   time to read: +2 min
A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 16, 2021. Wall Street indexes have moved little this week amid a dearth of cues, with most investors sticking to the sidelines ahead of key inflation data on Thursday. ET, U.S. S&P 500 E-minis were up 1.75 points, or 0.04%, Dow E-minis were down 20 points, or 0.06%, while Nasdaq 100 E-minis were up 20 points, or 0.14%. A strong earnings season had seen Wall Street surging to record highs through May, with analysts suggesting markets had taken a pause in recent weeks after the gains. U.S.-listed Chinese stocks showed little reaction to a sweeping package of legislation intended to bolster the United States' capability to compete with Chinese technology.
Persons: Carlo Allegri, Dow Organizations: New York Stock Exchange, REUTERS, Reserve, Clover Health, GameStop, Dow E, Nasdaq, Thomson Locations: Manhattan, New York City , New York, U.S, United States, China
A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 16, 2021. Small gains in heavyweight technology stocks, particularly the FAANG group of firms, were set to give the Nasdaq (.IXIC) a slight boost. But Wall Street indexes have moved little this week amid a dearth of cues, with most investors sticking to the sidelines ahead of key inflation data on Thursday. A strong earnings season had seen Wall Street surging to record highs through May, with analysts suggesting markets had taken a pause in recent weeks after the gains. read moreCampbell Soup Co (CPB.N) fell 8% after it reported profit below expectations, and slashed its full-year earnings forecast due to higher costs.
Persons: Carlo Allegri, Rob Sechan, Goldman Sachs, Morgan Stanley, MS.N, Sechan, Campbell Organizations: New York Stock Exchange, REUTERS, Reserve, Clover Health, GameStop, NewEdge, Citigroup, Treasury, Nasdaq, Dow, U.S, Merck, Co, Thomson Locations: Manhattan, New York City , New York, U.S, United States, China
A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 16, 2021. Buying into so-called "meme stocks" by small-time retail investors continued, with the new favorite Clover Health (CLOV.O) surging 13.8% to a record high. read moreGameStop (GME.N) - the company most closely associated with the retail rally this year - fell 1.3% ahead of its quarterly results, due after the bell. The so-called "meme" stocks have dominated trading volumes over the past few weeks, as retail traders take to hyping up stocks with the highest number of short positions. Small gains in heavyweight technology stocks, particularly the FAANG group, gave the Nasdaq (.IXIC) a slight boost.
Persons: Carlo Allegri, Rob Sechan, Goldman Sachs, Morgan Stanley, MS.N, Sechan, Campbell Organizations: New York Stock Exchange, REUTERS, Reserve, Clover Health, GameStop, NewEdge, Citigroup, Treasury, Nasdaq, Dow Jones, Merck, Co, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S, United States, Beijing
While the S&P 500 was trading just below record highs, a lack of new catalysts saw it struggling to break above its last high of 4,238.04 points. GameStop (GME.N) - the company most closely associated with the retail rally this year - rose 3.0% ahead of its quarterly results, due after the bell, while Clover Health (CLOV.O) reversed course to trade lower. The S&P industrials sector (.SPLRCI) lagged its broader peers as talks over a new infrastructure bill appeared to have stalled in the Senate. read moreBut small gains in heavyweight technology stocks, particularly the FAANG group, gave the Nasdaq (.IXIC) a slight boost. The S&P index recorded 32 new 52-week highs and two new lows, while the Nasdaq recorded 114 new highs and nine new lows.
Persons: Carlo Allegri, Arthur Weise, Rob Sechan, Goldman Sachs Organizations: New York Stock Exchange, REUTERS, Kingsland Growth, GEO, Wrestling Entertainment, GameStop, Clover Health, NewEdge, Dow Jones, Nasdaq, Citigroup, Treasury, Campbell, Merck, Co, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S, Kingsland, United States, Beijing
While the S&P 500 was trading just below record highs, a lack of new catalysts saw it struggling to break above its last high of 4,238.04 points. GameStop (GME.N) - the company most closely associated with the retail rally this year - rose 3.0% ahead of its quarterly results, due after the bell, while Clover Health (CLOV.O) reversed course to trade lower. ET, the Dow Jones Industrial Average (.DJI) was down 25.07 points, or 0.07%, at 34,574.75 and the S&P 500 (.SPX) was up 1.14 points, or 0.03%, at 4,228.40. The S&P industrials sector (.SPLRCI) lagged its broader peers as talks over a new infrastructure bill appeared to have stalled in the Senate. The S&P index recorded 32 new 52-week highs and two new lows, while the Nasdaq recorded 114 new highs and nine new lows.
Persons: Carlo Allegri, Arthur Weise, Rob Sechan, Goldman Sachs Organizations: New York Stock Exchange, REUTERS, Kingsland Growth, GEO, Wrestling Entertainment, GameStop, Clover Health, NewEdge, Dow Jones, Nasdaq, Senate, Citigroup, Treasury, Campbell, Drugmaker Merck, Co, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S, Kingsland, States, Beijing
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) (Updates to market close)NEW YORK, June 8 (Reuters) - Wall Street stocks struggled for closing gains on Tuesday as a lack of clear market catalysts kept institutional investors in a holding pattern, while retail traders kept the rally of so-called meme stocks alive. Smallcaps, once again buoyed by the ongoing meme stock retail frenzy, were outperforming their larger counterparts. Clover Health Investments seized top billing among meme stocks, and ended the session as the largest percentage gainer in the Nasdaq. “(Meme stocks) are where the action is, but you flip it over and look crypto and that’s a mess,” Nolte said.
Persons: We’re, , Paul Nolte, “ There’s, ” Nolte, Smallcaps, , Stephen Culp, Ambar Warrick, Shashank, Richard Chang Organizations: Nasdaq, Amazon.com Inc, Apple Inc, Federal, Kingsview, Management, Clover Health Investments, GameStop Corp, Beyond Inc, U.S . Labor Department and National Federation of Independent, Dow Jones, Tesla, China Passenger Car Association, Boeing Co, Southwest Airlines, GameStop Locations: Chicago, China, Bengaluru
Futures dip with inflation in focus, Tesla gains on strong China sales
  + stars: | 2021-06-08 | by ( Ambar Warrick | ) www.reuters.com sentiment -1.00   time to read: +2 min
(Reuters) - U.S. stock index futures fell on Tuesday as investors stepped back ahead of key inflation data later in the week, while Tesla gained on strong sales in China, a major market for the electric carmaker. REUTERS/Eric Thayer/File PhotoTesla’s shares rose 2.6% in premarket trade after sales of its China-made electric vehicles surged 29% in May, data showed. Investors were now awaiting further cues on policy tapering from the Federal Reserve after what is expected to be a strong inflation reading on Thursday. ET, U.S. E-minis stocks futures were down 0.24% at 4,215.5 points. Dow E-minis were down 140 points, or 0.4%, while Nasdaq 100 E-minis were down 8.75 points, or 0.06%.
Persons: Tesla, Eric Thayer, Dow Organizations: Reuters, New York Stock Exchange, REUTERS, Clover Health Investments Corp, AMC Entertainment, GameStop, Investors, Federal Reserve, Fed, KKR, Independence Energy LLC, Contango, & Gas Co, Nasdaq, & $ Locations: China, New York, U.S
Tesla set to boost Nasdaq; S&P, Dow to open flat
  + stars: | 2021-06-08 | by ( Ambar Warrick | Shashank Nayar | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) -The S&P 500 and the Dow were set to open flat on Tuesday as investors stepped back ahead of key inflation data later in the week, while Tesla was on track to boost the Nasdaq on strong sales in China, a major market for the electric carmaker. FILE PHOTO: A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. U.S. shares of Chinese electric vehicle makers NIO Inc, Li Auto Inc and Xpeng Inc rose between 1.6% and 2.2%. Investors are now awaiting further cues on policy tapering from the Federal Reserve after what is expected to be a strong inflation reading on Thursday. Dow E-minis were down 22 points, or 0.06%, while Nasdaq 100 E-minis were up 69.5 points, or 0.5%.
Persons: Tesla, Eric Thayer, , , Sean O’Hara Organizations: Reuters, Dow, Nasdaq, New York Stock Exchange, REUTERS, NIO, Li Auto Inc, Xpeng, Investors, Federal Reserve, , Fed, Boeing, Southwest Airlines, Clover Health Investments Corp, KKR, Independence Energy LLC, Contango, & Gas Co, & $ Locations: China, New York, Malvern , Pennsylvania, U.S
Wall Street muted, Clover Health leads "meme" rally
  + stars: | 2021-06-08 | by ( Ambar Warrick | Shashank Nayar | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) -Wall Street indexes were flat on Tuesday as investors took to the sidelines ahead of key inflation data this week, while Clover Health led a rally among popular social media stocks. FILE PHOTO: A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. [O/R]But Wall Street appeared to have fallen into a lull this week, having moved little on Monday after surging to record highs through a strong earnings season in May. Advancing issues outnumbered decliners by a 1.33-to-1 ratio on the NYSE, and for a 1.12-to-1 ratio on the Nasdaq. The S&P index recorded 44 new 52-week highs and one new low, while the Nasdaq recorded 122 new highs and seven new lows.
Persons: Eric Thayer, Wall, , Jon Adams, , Sean O’Hara, China’s CATL Organizations: Reuters, Clover Health, New York Stock Exchange, REUTERS, Federal Reserve, BMO Global Asset Management, Dow Jones, Nasdaq, Apple, Tesla Inc, NYSE Locations: New York, Malvern , Pennsylvania, China
Tesla’s shares rose 2.6% in premarket trade after sales of its China-made electric vehicles surged 29% in May, data showed. Investors were now awaiting further cues on policy tapering from the Federal Reserve after what is expected to be a strong inflation reading on Thursday. The U.S. economy is set for a sharp bounceback from a COVID-induced slump, with recent inflation data indicating as much. ET, U.S. E-minis stocks futures were down 0.24% at 4,215.5 points. Dow E-minis were down 140 points, or 0.4%, while Nasdaq 100 E-minis were down 8.75 points, or 0.06%.
Persons: Tesla, Dow, Ambar Warrick, Shashank, Maju Samuel Organizations: Dow, Nasdaq, Clover Health Investments Corp, AMC Entertainment, GameStop, Investors, Federal Reserve, Fed, KKR, Independence Energy LLC, Contango, & Gas Co, & $ Locations: China, U.S, Bengaluru
read moreTesla (TSLA.O)was also among the top boosts to the Nasdaq (.IXIC) after sales of its China-made electric vehicles surged 29% in May from the prior month, data showed. read moreU.S. shares of Chinese electric vehicle makers NIO Inc (NIO.N), Li Auto Inc and Xpeng Inc (XPEV.N) rose between 1.7% and 7%. The U.S. economy is set for a sharp bounceback from a COVID-induced slump, with recent inflation data indicating as much. read moreAdvancing issues outnumbered decliners by a 1.10-to-1 ratio on the NYSE, and by a 1.81-to-1 ratio on the Nasdaq. The S&P index recorded 25 new 52-week highs and one new lows, while the Nasdaq recorded 72 new highs and five new lows.
Persons: Eric Thayer, Dow Jones, China's CATL, Sean O'Hara Organizations: New York Stock Exchange, REUTERS, Nasdaq, Reuters, NIO Inc, Li Auto Inc, Xpeng Inc, Netflix, Investors, Federal Reserve, Fed, Dow Jones, Boeing, Southwest Airlines, Clover Health Investments Corp, NYSE, Thomson Locations: New York, China, Malvern , Pennsylvania, U.S
The below-expectation U.S. nonfarm payrolls data eased worries that the pace of economic rebound could fan inflation and prompt a change in U.S. monetary policy. The data hit the dollar, while U.S. stocks rallied, providing cues for stocks in Latam. Weekend events in Peru and Mexico will be keenly watched, with Peru choosing its president, while mid-term elections in Mexico have the capacity to determine the course of economic reforms in the country. On the week, the currency is up about 2.8% - its best week this year. Brazil's real gained 0.7% as the country returned from a day's holiday, rising for a seventh straight session .
Persons: Susan Mathew, Ambar Warrick, Fiona Cincotta, Kieko Fujimori, Pedro Castillo, Nick Tattersall, Leslie Adler Organizations: City, Federal, Credit Suisse, Brazil Bovespa, Mexico IPC, Argentina MerVal, Argentina Locations: Peru, Mexico, Latam, U.S, Vale, Alegria, Brazil, Chile, Argentina, Colombia, Bengaluru
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