Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Dow E"


25 mentions found


(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) The benchmark S&P 500, the blue-chip Dow Jones and the tech-stocks focused Nasdaq have gained 13.3%, 12.3% and 10%, respectively so far this year, largely driven by optimism about an economic reopening. ET, Dow e-minis were up 17 points, or 0.05%, S&P 500 e-minis were up 4 points, or 0.09%, and Nasdaq 100 e-minis were up 10 points, or 0.07%. Drug developer Ocugen jumped nearly 20% as it prepares for potential commercial manufacturing of the Covaxin for the U.S. and Canadian markets. Halliburton Co, Occidental Petroleum Corp and Exxon Mobil added between 0.8% and 1.7% as oil prices hit multi-year highs on positive demand outlook.
Persons: Dow Jones, , Larry Adam, Raymond James, , Ocugen, Shashank, Maju Samuel Organizations: U.S, Dow, Nasdaq, Federal Reserve, Treasury, Dow e, Biogen Inc, Halliburton Co, Occidental Petroleum Corp, Exxon Mobil Locations: U.S, pare, Bengaluru
Futures hold steady with Fed meeting in focus
  + stars: | 2021-06-15 | by ( Shashank Nayar | ) www.reuters.com sentiment -1.00   time to read: +2 min
The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File PhotoFutures tied to the S&P 500 and the Nasdaq held near record highs on Tuesday as investors looked for comments from the Federal Reserve about whether a recent jump in inflation would prompt a sooner-than-expected tapering in monetary policy. Assurance from the Fed that rising prices are transitory coupled with falling U.S. Treasury yields have helped ease some concerns over inflation but investors remain cautious as they await the Fed's commentary on its inflation stance. ET, Dow e-minis were down 10 points, or 0.03%, S&P 500 e-minis were up 2.75 points, or 0.06%, and Nasdaq 100 e-minis were up 16.75 points, or 0.12%. Later in the day, investors would turn to purchaser price numbers and retail sales data to assess the state of the economy and inflation levels.
Persons: Carlo Allegri, Dow Jones Organizations: New York Stock, REUTERS, Nasdaq, Federal Reserve, Treasury, Dow e, Biogen Inc, Thomson Locations: Manhattan, New York City , New York, U.S, pare
Futures rise as focus turns to Fed's inflation stance
  + stars: | 2021-06-14 | by ( Medha Singh | ) www.reuters.com sentiment -0.97   time to read: +1 min
REUTERS/Carlo Allegri/File Photo(Reuters) - S&P 500 futures hit a record high on Monday as focus shifted to the Federal Reserve’s meeting this week, where the central bank is expected to maintain its accommodative stance on monetary policy. Recent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 to an all-time high. The benchmark has climbed 13% this year while the Dow and the Nasdaq have risen 12.6% and 9.2%, respectively. ET, Dow e-minis were up 13 points, or 0.04%, S&P 500 e-minis were up 3 points, or 0.07%, and Nasdaq 100 e-minis were up 34 points, or 0.24%. [O/R]United Airlines Holdings and American Airlines Group rose 0.7% each after Citigroup raised its price target on the stocks.
Persons: Carlo Allegri Organizations: New York Stock Exchange, REUTERS, Fed, Dow, Nasdaq, Dow e, Chevron, Marathon Oil Corp, Schlumberger, Occidental Petroleum, Marathon Petroleum Corp, United Airlines Holdings, American Airlines Group, Citigroup Locations: Manhattan, New York City , New York, U.S, , Wyoming
(Reuters) -The S&P 500 was set to open near a record high on Monday as focus shifted to the Federal Reserve’s meeting this week, where the central bank is expected to maintain its accommodative stance on monetary policy. REUTERS/Carlo Allegri/File PhotoRecent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 to an all-time high. While the Fed has reassured that any spike in inflation would be transitory, policymakers could begin discussing the tapering of bond buying at the Tuesday-Wednesday meeting. The benchmark has climbed 13% this year while the Dow and the Nasdaq have risen 12.6% and 9.2%, respectively. [O/R]United Airlines Holdings and American Airlines Group gained 0.4% and 0.7% respectively after Citigroup raised its price target on the stocks.
Persons: Carlo Allegri, , Thomas Hayes, , Steve Burns, Julio Rodriguez Organizations: Reuters, New York Stock Exchange, REUTERS, Fed, Dow, Nasdaq, Great, Great Hill Capital, , Dow E, Lordstown Motors Corp, Chevron, Marathon Oil Corp, Schlumberger, Occidental Petroleum, Marathon Petroleum Corp, United Airlines Holdings, American Airlines Group, Citigroup, COVID Locations: Manhattan, New York City , New York, U.S, , Wyoming, Great Hill, New York
REUTERS/Carlo Allegri/File PhotoThe S&P 500 was set to open near a record high on Monday as focus shifted to the Federal Reserve’s meeting this week, where the central bank is expected to maintain its accommodative stance on monetary policy. Recent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 (.SPX) to an all-time high. While the Fed has reassured that any spike in inflation would be transitory, policymakers could begin discussing the tapering of bond buying at the Tuesday-Wednesday meeting. The benchmark has climbed 13% this year while the Dow (.DJI) and the Nasdaq (.IXIC) have risen 12.6% and 9.2%, respectively. At 08:24 a.m. EDT, Dow E-minis were down 8 points, or 0.02%, S&P 500 E-minis were up 3 points, or 0.07% and Nasdaq 100 E-minis were up 42.75 points, or 0.31%.
Persons: Carlo Allegri, Thomas Hayes, Steve Burns, Julio Rodriguez Organizations: New York Stock Exchange, REUTERS, Fed, Dow, Nasdaq, Great, Great Hill Capital, Dow E, Lordstown Motors Corp, Chevron, Marathon Oil Corp, Schlumberger, Occidental Petroleum, Marathon Petroleum Corp, United Airlines Holdings, American Airlines Group, Citigroup, COVID, Thomson Locations: Manhattan, New York City , New York, U.S, , Wyoming, Great Hill, New York
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
S&P 500 futures turn negative after inflation rises more than expected
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -1.00   time to read: 1 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 PhotoS&P 500 futures turned negative on Thursday after inflation data for May showed a bigger-than-expected increase, while weekly jobless claims dipped less than estimated. At 8:33 a.m. ET, Dow e-minis were up 38 points, or 0.11%, S&P 500 e-minis were down 3.75 points, or 0.09% and Nasdaq 100 e-minis were down 56.75 points, or 0.41%. Our Standards: The Thomson Reuters Trust Principles.
Persons: Mike Segar Organizations: New York Stock Exchange, REUTERS, Dow e, Nasdaq, Thomson Locations: Manhattan, New York City , New York, U.S
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
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
S&P 500, Nasdaq futures drop as investors await key inflation data
  + stars: | 2021-06-07 | by ( Shashank Nayar | ) www.reuters.com sentiment -1.00   time to read: +2 min
(Reuters) - Futures tracking the S&P 500 and the Nasdaq fell on Monday as investors remained on the fence ahead of key inflation data later this week, while heavyweight technology shares largely shrugged off a deal by the world’s richest nations on a global minimum corporate tax. FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., April 16, 2021. The benchmark S&P 500 is inches away from its record highs hit earlier in May as investors shift focus to May’s consumer price data due on Thursday to assess inflationary patterns in the economy. ET, Dow e-minis rose 24 points, or 0.07% and S&P 500 e-minis were down 5.25 points, or 0.12%. Drugmaker Biogen Inc rose 3.1% ahead of the U.S. FDA’s decision on whether to approve its Alzheimer’s drug aducanumab.
Persons: Carlo Allegri Organizations: Reuters, Nasdaq, New York Stock, REUTERS, Apple Inc, Amazon.com Inc, Facebook Inc, Google, Inc, Dow e, AMC Entertainment, GameStop, BlackBerry Locations: Manhattan, New York City , New York, U.S
US STOCKS-S&P 500, Nasdaq futures drop as investors await key inflation data
  + stars: | 2021-06-07 | by ( Shashank Nayar | ) www.reuters.com sentiment -1.00   time to read: +2 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Futures: Dow up 0.07%, S&P down 0.12%, Nasdaq off 0.38%June 7 (Reuters) - Futures tracking the S&P 500 and the Nasdaq fell on Monday as investors remained on the fence ahead of key inflation data later this week, while heavyweight technology shares largely shrugged off a deal by the world’s richest nations on a global minimum corporate tax. Nasdaq 100 futures fell 0.4%. The benchmark S&P 500 is inches away from its record highs hit earlier in May as investors shift focus to May’s consumer price data due on Thursday to assess inflationary patterns in the economy. ET, Dow e-minis rose 24 points, or 0.07% and S&P 500 e-minis were down 5.25 points, or 0.12%.
Organizations: Dow, Nasdaq, Apple Inc, Amazon.com Inc, Facebook Inc, Google, Inc, Dow e, AMC Entertainment, GameStop, BlackBerry
Wall St set for muted open as investors await inflation data
  + stars: | 2021-06-07 | by ( Shashank Nayar | ) www.reuters.com + 0.00   time to read: +3 min
The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., April 16, 2021. "I would not react by becoming a seller in any of these names on this headline just yet." ET, Dow e-minis were up 70 points, or 0.2%, S&P 500 e-minis were up 2.5 points, or 0.06%, and Nasdaq 100 e-minis were down 3.75 points, or 0.03%. Cinema operator AMC Entertainment (AMC.N) added 2.2% after racking up a near 200% rise in the past two weeks, driven by retail investors. read moreDrugmaker Biogen Inc (BIIB.O) rose 3.1% ahead of the U.S. FDA's decision on whether to approve its Alzheimer's drug aducanumab.
Persons: Carlo Allegri, Ken Polcari, Peter Cardillo Organizations: New York Stock, REUTERS, Apple Inc, Amazon.com Inc, Facebook Inc, Google, Inc, Kace Capital Advisors, Spartan Capital Securities, Dow e, Nasdaq, AMC Entertainment, GameStop, BlackBerry, QTS Realty, Blackstone Group, Thomson Locations: Manhattan, New York City , New York, U.S, New York
US STOCKS SNAPSHOT-Futures extend gains after May jobs data
  + stars: | 2021-06-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
June 4 (Reuters) - U.S. stock index futures extended gains on Friday after data showed the U.S. economy added fewer jobs than expected in May, easing concerns about the economy running too hot and causing an early tightening of monetary policy. At 08:36 a.m. ET, Dow E-minis were up 58 points, or 0.17%, S&P 500 E-minis were up 11.25 points, or 0.27%, and Nasdaq 100 E-minis were up 32.5 points, or 0.24%. ET, Dow e-minis were down 27 points, or 0.08%, S&P 500 e-minis were up 3 points, or 0.07%, and Nasdaq 100 e-minis were up 21 points, or 0.16%. (Reporting by Medha Singh in Bengaluru)
Persons: Medha Singh Organizations: Dow E, Nasdaq, Dow e Locations: U.S, Bengaluru
US STOCKS-Futures struggle for direction before closely watched jobs report
  + stars: | 2021-06-04 | by ( Medha Singh | ) www.reuters.com sentiment -1.00   time to read: +2 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) The Labor Department’s report at 8:30 a.m. ET (1230 GMT) is expected to show nonfarm payrolls increased by 650,000 jobs in May, after an unexpected slowdown in labor market in April. “Any major surprise today could go a long way in shaping the narrative around the Fed’s normalization timeline,” said Marios Hadjikyriacos, investment analyst for XM. ET, Dow e-minis were down 57 points, or 0.16%, S&P 500 e-minis were down 3 points, or 0.07%, and Nasdaq 100 e-minis were down 3.5 points, or 0.03%.
Persons: , Marios, Medha Singh, Maju Samuel Organizations: Dow, Nasdaq, Labor, XM, Dow e, Facebook Inc, AMC Entertainment, Koss Corp, BlackBerry, GameStop Locations: Bengaluru
Futures struggle for direction before closely watched jobs report
  + stars: | 2021-06-04 | by ( Medha Singh | ) www.reuters.com sentiment -1.00   time to read: +2 min
A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. The Labor Department's report at 8:30 a.m. ET (1230 GMT) is expected to show nonfarm payrolls increased by 650,000 jobs in May, after an unexpected slowdown in labor market in April. read moreShares of so-called "meme-stocks" weakened in early trade, with AMC Entertainment down nearly 10% a day after the Reddit darling completed its second share offering this week. read moreShares of Koss Corp (KOSS.O), BlackBerry and GameStop (GME.N) dropped between 2% and 5%.
Persons: Brendan McDermid, Marios Organizations: New York Stock Exchange, REUTERS, Labor, XM, Dow e, Nasdaq, Facebook Inc, AMC Entertainment, Koss Corp, BlackBerry, GameStop, Thomson Locations: New York City, U.S
Wall St set to open higher as jobs report tempers inflation worries
  + stars: | 2021-06-04 | by ( Medha Singh | ) www.reuters.com sentiment -1.00   time to read: +2 min
A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermidWall Street's main indexes were set to open higher on Friday after data showed smaller-than-expected jobs growth in May, easing concerns about the economy running too hot and causing an early tightening of monetary policy. The Labor Department's closely watched report showed nonfarm payrolls increased by 559,000 jobs last month, helped by vaccinations and a reopening economy, following an unexpected slowdown in the labor market in April. For now, the Fed stays status quo," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Wall Street's main indexes slipped on Thursday, weighed down by tech stocks after a better-than-expected weekly unemployment report and monthly private payrolls along with service sector data.
Persons: Brendan McDermid, nonfarm, Peter Cardillo, William Ackman's Organizations: New York Stock Exchange, REUTERS, Labor, Reuters, Spartan Capital Securities, Dow e, Nasdaq, AMC Entertainment, Koss Corp, BlackBerry, GameStop, Tontine Holdings, Universal Music Group, Thomson Locations: New York City, U.S, New York
US STOCKS-Futures dip ahead of labor market data
  + stars: | 2021-06-03 | by ( Shashank Nayar | ) www.reuters.com sentiment -1.00   time to read: +2 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) Separately, the Labor Department data is likely to indicate the number of Americans filing new claims for unemployment fell below 400,000 for the first time since the start of the pandemic. ISM’s survey on the service sector, which accounts for two-thirds of the U.S. economy, will be released after markets open. The blue-chip Dow has edged higher in the past five session as investors piled into stocks likely to benefit from an economic reopening. ET, Dow e-minis were down 148 points, or 0.43%, S&P 500 e-minis were down 20.25 points, or 0.48%, and Nasdaq 100 e-minis were down 74.75 points, or 0.55%.
Persons: pare, ’ reassurances, Shashank Nayar, Medha Singh, Maju Samuel Organizations: Dow, Nasdaq, BlackBerry, AMC, Labor Department, Federal, Fed, Dow e, FireEye Inc, Technology, AMC Entertainment, BlackBerry Ltd Locations: U.S, Bengaluru
The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., April 16, 2021. read moreA separate report indicated the number of Americans filing new claims for unemployment hit its lowest level since the start of the pandemic. read moreISM's survey on the service sector, which accounts for two-thirds of the U.S. economy, will be released after markets open. "The U.S. economy will continue to rebound and that might lead to some inflation worries in the long-term; but we remain largely constructive on the near to medium term inflation outlook." ET, Dow e-minis were down 176 points, or 0.51%, S&P 500 e-minis were down 27.25 points, or 0.65%, and Nasdaq 100 e-minis were down 132.25 points, or 0.97%.
Persons: Carlo Allegri, Jon Adams, pare Organizations: New York Stock, REUTERS, BMO Global Asset Management, Federal, Fed, Dow, Dow e, Nasdaq, AMC Entertainment, Technology, Thomson Locations: Manhattan, New York City , New York, U.S, Chicago
S&P futures flat as investors bide time until key economic reports
  + stars: | 2021-06-02 | by ( Medha Singh | ) www.reuters.com sentiment -1.00   time to read: +2 min
Investors are closely tracking the labor market’s recovery after an unexpected slowdown in jobs growth in April fanned inflation worries. The S&P 500 slipped after three straight days of gains on Tuesday as losses in healthcare and technology stocks overshadowed gains in economically sensitive financials and energy after upbeat U.S. factory activity data. The benchmark S&P 500 has recovered most of its losses from a more than 4% pullback in mid-May on fears over rising prices and a subsequent tightening of policy from the Federal Reserve. ET, Dow e-minis were up 42 points, or 0.12%, S&P 500 e-minis were up 0.75 points, or 0.02%, and Nasdaq 100 e-minis were down 10 points, or 0.07%. AMC Entertainment Holdings Inc surged 30.9% to $41.93 in premarket trading, eyeing a record high with its stock trading 11 times analysts’ median target price.
Persons: Mike Segar, eyeing Organizations: Reuters, New York Stock Exchange, REUTERS, Federal Reserve, Dow, Dow e, Nasdaq, AMC Entertainment Holdings, Communications, Etsy Locations: Manhattan, New York City , New York, U.S
FILE PHOTO: 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 PhotoA weekly unemployment report and May private payrolls data on Thursday will be followed by monthly jobs numbers on Friday. Investors are closely tracking the labor market’s recovery after an unexpected slowdown in jobs growth in April fanned inflation worries. The benchmark S&P 500 has recovered most of its losses following a more than 4% pullback in mid-May on fears over rising prices and a subsequent tightening of policy from the Federal Reserve. ET, Dow e-minis were up 36 points, or 0.1%, S&P 500 e-minis were up 3.25 points, or 0.08%, and Nasdaq 100 e-minis were up 6.75 points, or 0.05%.
Persons: Mike Segar, , Rob Sechan Organizations: Reuters, New York Stock Exchange, REUTERS, Federal Reserve, Dow, Nasdaq, NewEdge, Dow e, AMC Entertainment Holdings, AMC, Communications, Etsy Inc Locations: Manhattan, New York City , New York, U.S
S&P 500, Dow futures hover near record highs
  + stars: | 2021-06-01 | by ( Shashank Nayar | Medha Singh | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) - Wall Street’s main indexes were set to open higher on Tuesday, kicking off a week packed with major economic data that is expected to shed more light on the path of inflation. FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File PhotoDow and S&P 500 futures were near record highs, set to extend last week’s strong gains as investors bet on economically sensitive stocks benefiting the most from a post-COVID-19 recovery. [O/R]Exxon Mobil also entered an agreement with Equinor and Petrogal Brasil to develop an $8 billion oil field in Brazil. ET, Dow e-minis were up 260 points, or 0.75%, S&P 500 e-minis were up 22.25 points, or 0.53%, and Nasdaq 100 e-minis were up 54.75 points, or 0.4%.
Persons: Brendan McDermid, Dow, , , Rick Meckler, Clayton Dubilier Organizations: Reuters, New York Stock Exchange, REUTERS, Federal Reserve, Cherry Lane Investments, Chevron, Exxon Mobil Corp, Exxon Mobil, Brasil, American Airlines, United Airlines, Marriott International, Dow e, Nasdaq, Cloudera Inc, KKR, Co, Rice LLC, AMC Entertainment Holdings Inc, & & $ Locations: New York City, U.S, New Vernon , New Jersey, Brazil
The S&P 500 financial sector hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector 3.9%, its biggest one-day gain in nearly four months. The heavyweight tech sector fell while the healthcare sector was dragged down by a weak profit forecast from Abbott Laboratories. The Dow Jones Industrial Average rose 45.86 points, or 0.13%, to 34,575.31; the S&P 500 lost 2.07 points, or 0.05%, at 4,202.04; and the Nasdaq Composite dropped 12.26 points, or 0.09%, to 13,736.48. While the S&P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices. The S&P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.
Persons: Peter Tuz, Russell, Brendan McDermid, , Kristina Hooper, Neel Kashkari, Randal Quarles, Clayton Dubilier, decliners Organizations: Reuters, Abbott Laboratories, Data, , Chase Investment, Dow Jones, Nasdaq, New York Stock Exchange, REUTERS, ” Stock, Federal Reserve, Minneapolis Federal Reserve Bank, U.S, Abbott Labs, Cloudera Inc, KKR, Co, Rice LLC, AMC Entertainment Holdings Inc, NYSE Locations: Charlottesville , Virginia, New York City, U.S, New York, Minneapolis
US STOCKS-S&P 500, Dow futures hover near record highs
  + stars: | 2021-06-01 | by ( Shashank Nayar | Medha Singh | ) www.reuters.com + 0.00   time to read: +3 min
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) Dow and S&P 500 futures were near record highs, set to extend last week’s strong gains as investors bet on economically sensitive stocks benefiting the most from a post-COVID-19 recovery. Exxon Mobil also entered an agreement with Equinor and Petrogal Brasil to develop an $8 billion oil field in Brazil. ET, Dow e-minis were up 260 points, or 0.75%, S&P 500 e-minis were up 22.25 points, or 0.53%, and Nasdaq 100 e-minis were up 54.75 points, or 0.4%. Cloudera Inc jumped 23.3% after private-equity firms KKR & Co and Clayton Dubilier & Rice LLC agreed to take the data analytics firm private in a $5.3 billion dollar deal.
Persons: , , Rick Meckler, Clayton Dubilier, Shashank Nayar, Medha Singh, Subhranshu Sahu Organizations: AMC Entertainment, Dow, Nasdaq, Federal Reserve, Cherry Lane Investments, Chevron, Exxon Mobil Corp, Exxon Mobil, Brasil, American Airlines, United Airlines, Marriott International, Dow e, Cloudera Inc, KKR, Co, Rice LLC, AMC Entertainment Holdings Inc, & & $ Locations: New Vernon , New Jersey, Brazil, Bengaluru
Wall St set to rise at open, unshaken by inflation surge
  + stars: | 2021-05-28 | by ( Medha Singh | Shashank Nayar | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. Strategists expect the S&P 500 to end the year at 4,300 points, according to a Reuters poll, about 100 points above its closing price on Thursday. ET, Dow e-minis were up 157 points, or 0.46%, S&P 500 e-minis were up 12.5 points, or 0.3%, and Nasdaq 100 e-minis were up 29.25 points, or 0.21%. HP Inc reported quarterly revenue that beat Wall Street estimates but its shares fell 5.8% after it warned that the ongoing computer chip shortage could impact its ability to meet demand for laptops this year. The U.S. stock market will remain shut on Monday for Memorial Day holiday.
Persons: Brendan McDermid, , Dennis Dick Organizations: Reuters, New York Stock Exchange, REUTERS, Bright Trading, Apple Inc, Amazon.com Inc, Investors, Bank of, Dow e, Nasdaq, Salesforce.com Inc, HP Inc, Wall, Boeing Co, AMC Entertainment Locations: New York City, U.S, Las Vegas
Total: 25