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

Search resuls for: "NYSE"


25 mentions found


Wall Street ekes out gains to close languid week
  + stars: | 2021-06-11 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
The Nasdaq gained the most among the three major indexes, while the bellwether S&P 500 squeaked its way to a second straight record closing high. For the week, the S&P and the Nasdaq advanced from last Friday’s close, while the Dow posted a small weekly loss. FILE PHOTO: The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. Among the 11 major sectors in the S&P 500, rebounding financial stocks and tech led the gainers, while healthcare suffered the biggest percentage drop. The S&P 500 posted 33 new 52-week highs and one new low; the Nasdaq Composite recorded 108 new highs and 16 new lows.
Persons: Dow, ” Oliver Pursche, ” Pursche, Brendan McDermid Organizations: YORK, U.S . Federal Reserve, Nasdaq, Wealthspire Advisors, Federal Reserve, University of Michigan’s, New York Stock Exchange, REUTERS, Brendan McDermid Benchmark U.S, Treasury, Drug Administration, Dow Jones, AMC Entertainment, NYSE Locations: New York, 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. 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
The S&P 500 is at an historic high, but investors who earlier this year overweighted their portfolios into reopening stocks like Caterpillar and banks, and away from tech and other growth stocks, appear to be rethinking that strategy. "The value trade is unwinding, and the growth bulls are winning," Alec Young, chief investment officer at Tactical Alpha, told me. "Bond yields are a proxy on the growth outlook," he told me, noting that bond investors see moderating inflation and a slower rate of growth (though still positive) in the second half of the year. The result: Investors are staying in the market, but they are rotating into defensives (health care) and growth (technology). Formerly crowded trades like cyclicals and banks that are associated with the "value trade" are now retreating.
Persons: Martin, Banks, Alec Young Organizations: New York Stock Exchange, NYSE, Whirlpool, United Rentals, Deere, Caterpillar, Industries, Martin Marietta, Mohawk, DR Horton, Huntington Bancshares, of America, JPMorgan, Cisco, IBM, Tech, Spotify, Federal Reserve, Tactical Alpha
Wall Street muted as eyes turn to next week's Fed meeting
  + stars: | 2021-06-11 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
"We had a big inflation number this week and the markets seem to be taking it in stride." The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid"I don’t expect any surprises but I believe the Fed is certainly under a microscope so people will try to ascertain the duration of the current dovish policy," Keator added. Among the 11 major sectors in the S&P 500, rebounding financial stocks (.SPLRCT) and tech (.SPLRCT) were leading the gainers, while healthcare suffered the biggest percentage drop. The S&P 500 posted 29 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 97 new highs and 12 new lows.
Persons: Dow, Matthew Keator, Brendan McDermid, Keator Organizations: U.S . Federal Reserve, Nasdaq, Dow, Keator, Federal Reserve, University of Michigan's, New York Stock Exchange, REUTERS, Benchmark U.S, Treasury, Drug Administration, Dow Jones, AMC Entertainment, NYSE, Thomson Locations: Lenox , Massachusetts, New York City, U.S
S&P 500 headed for record high as inflation seems temporary
  + stars: | 2021-06-10 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - Wall Street stocks rose on Thursday, with the S&P 500 on course to hit an all-time closing high, as the much-anticipated consumer price index report signaled that the current inflation wave will be transitory. REUTERS/Brendan McDermidAll three major U.S. stock indexes were higher, with market-leading megacap stocks putting the Nasdaq out front. The Dow Jones Industrial Average rose 126.15 points, or 0.37%, to 34,573.29; the S&P 500 gained 25.09 points, or 0.59%, at 4,244.64; and the Nasdaq Composite added 108.76 points, or 0.78%, at 14,020.51. Among the 11 major sectors of the S&P 500, healthcare enjoyed the largest percentage gains. The S&P 500 posted 57 new 52-week highs and no new lows; the Nasdaq Composite recorded 92 new highs and 11 new lows.
Persons: Brendan McDermid, , Colin Asher, ” Asher, Joe Biden’s, decliners Organizations: Reuters, New York Stock Exchange, REUTERS, Nasdaq, Labor, Mizuho, U.S . House, Dow Jones, Treasury, GameStop Corp, Clover Health Investments Corp, AMC Entertainment Holdings, Beyond Inc, GEO Group, Boeing Co, United Airlines, Boeing, Airbus, Pfizer Inc, NYSE Locations: St, New York City, U.S, London, United
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
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
S&P 500 teases record closing high as retail frenzy churns
  + stars: | 2021-06-09 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +4 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. REUTERS/Carlo Allegri/File PhotoThe S&P 500 (.SPX) hovered near a record closing high on Wednesday, as institutional investors looked to coming inflation data for clues as to when the U.S. Federal Reserve might tighten its dovish monetary policy. The churn of favored "meme stocks," or heavily shorted stocks involved in a social media-driven retail frenzy, continued its rotation, with Aethlon Medical (AEMD.O) soaring by 429.9%. Among the 11 major sectors in the S&P 500, healthcare was up the most. The S&P 500 posted 35 new 52-week highs and two new lows; the Nasdaq Composite recorded 118 new highs and 11 new lows.
Persons: Carlo Allegri, there's, Tim Ghriskey, We're, Ghriskey, Joe Biden, Shelley Capito, Campbell, Biden Organizations: New York Stock Exchange, REUTERS, U.S . Federal, Inverness, Aethlon, GEO, Wrestling Entertainment, Clover Health, AMC Entertainment, Vanda Research, GameStop Corp, GameStop, Philadelphia, Semiconductor, Labor Department, Dow Jones, Nasdaq, Treasury, Pfizer Inc, Washington Post, Merck, Co, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S, New York, Washington, United States
U.S. stocks end lower ahead of inflation report
  + stars: | 2021-06-09 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +4 min
However, other meme stocks such as Clover Health (CLOV.O), AMC Entertainment (AMC.N) and Bed Bath & Beyond (BBBY.O) closed lower. "It feels like alternative stock market," Carlson added. A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019. Among the 11 major sectors in the S&P 500, healthcare gained the most. The S&P 500 posted 38 new 52-week highs and two new lows; the Nasdaq Composite recorded 126 new highs and 14 new lows.
Persons: Chuck Carlson, Carlson, Matt Furlong, Joe Biden, Shelley Capito, Shannon Stapleton, Campbell, Biden, Drugmaker, advancers Organizations: U.S . Federal, Horizon Investment, Aethlon, GEO, Wrestling Entertainment, Clover Health, AMC Entertainment, Vanda Research, GameStop Corp, GameStop, U.S, New York Stock Exchange, REUTERS, Representatives, Philadelphia, Semiconductor, Labor, Dow Jones, Nasdaq, Treasury, Pfizer Inc, Washington Post, Drugmaker Merck, Co, NYSE, Thomson Locations: Hammond , Indiana, New, New York City , New York, U.S, Washington, States
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
Wall Street languid as 'meme stock' frenzy hogs spotlight
  + stars: | 2021-06-08 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
NEW YORK (Reuters) - Wall Street stocks wavered near the starting line on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders kept the rally of so-called meme stocks alive. FILE PHOTO: A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. REUTERS/Eric Thayer/File PhotoAll three major U.S. stock indexes were little changed, with the S&P and the Dow hovering within 1% of their record closing highs. “Barring unexpected events, I would expect stocks to move sideways for the next three to four weeks.”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, surging 71.8%, the largest percentage gainer in the Nasdaq.
Persons: Eric Thayer, , Oliver Pursche, ” Pursche, ” Smallcaps, decliners Organizations: YORK, New York Stock Exchange, REUTERS, Nasdaq, Amazon.com Inc, Apple Inc, , Wealthspire Advisors, 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, NYSE Locations: New York, China
S&P 500 closes little changed as "meme stocks" extend rally
  + stars: | 2021-06-08 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
NEW YORK (Reuters) - Wall Street stocks struggled to eke out closing gains on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders fueled the ongoing meme stocks rally. 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, surging 85.8%, the biggest percentage winner in the Nasdaq. Of the 11 major sectors in the S&P 500, consumer discretionary enjoyed the biggest percentage gain, and utilities suffered the largest loss. The S&P 500 posted 54 new 52-week highs and one new low; the Nasdaq Composite recorded 172 new highs and 16 new lows.
Persons: We’re, , Paul Nolte, “ There’s, ” Nolte, Smallcaps, Eric Thayer, , decliners Organizations: YORK, Dow, Nasdaq, Amazon.com Inc, Apple Inc, Federal, Kingsview, Management, Clover Health Investments, GameStop Corp, Beyond Inc, New York Stock Exchange, REUTERS, U.S . Labor Department and National Federation of Independent, Dow Jones, Tesla, China Passenger Car Association, Boeing Co, Southwest Airlines, GameStop, NYSE Locations: Chicago, New York, China
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
Biden's original corporate tax proposal was 'ridiculous,' says Far Peak's Tom Farley
  + stars: | 2021-06-08 | by ( ) www.cnbc.com sentiment -1.00   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden's original corporate tax proposal was 'ridiculous,' says Far Peak's Tom FarleyTom Farley, chairman and CEO of Far Peak and former NYSE president, joined "Squawk Box" on Tuesday to discuss hiking taxes on the wealthy, capital gains taxes, a global minimum corporate tax rate of 15% and more.
Persons: Tom Farley Tom Farley Organizations: Far, NYSE
Wall St dips as investors weigh G7 tax deal risk
  + stars: | 2021-06-07 | by ( Shashank Nayar | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., April 16, 2021. But analysts said immediate market implications would be minimal since the details remained to be negotiated over the coming months. Cinema operator AMC Entertainment added 18.8% after racking up a near 200% rise in the past two weeks, driven by retail investors. Its shares remained halted by noon. The S&P index recorded 54 new 52-week highs and no new low, while the Nasdaq recorded 124 new highs and 15 new lows.
Persons: Carlo Allegri, , Ken Polcari, , Rick Meckler, aducanumab Organizations: Reuters, New York Stock, REUTERS, Google, Apple Inc, Amazon.com Inc, Facebook Inc, Inc, Kace Capital Advisors, Cherry Lane Investments, Carnival Corp, Norwegian Cruise Line Holdings, Dow Jones, Nasdaq, AMC Entertainment, GameStop, NYSE Locations: Manhattan, New York City , New York, U.S, New Vernon , New Jersey, Taiwan, Philadelphia
S&P closes nominally lower as investors wait for a catalyst
  + stars: | 2021-06-07 | by ( Stephen Culp | ) www.reuters.com + 0.00   time to read: +3 min
The Dow closed well within negative territory, while the Nasdaq advanced. Still, the S&P and the Dow remained inside one percentage point of their record closing highs. Of the 11 major sectors in the S&P 500, seven lost ground, with materials suffering the largest percentage drop. The S&P 500 posted 62 new 52-week highs and one new low; the Nasdaq Composite recorded 168 new highs and 21 new lows. Volume on U.S. exchanges was 10.52 billion shares, compared with the 10.71 billion average over the last 20 trading days.
Persons: Dow, , Joseph Sroka, “ There’s, ” Sroka, Smallcaps, “ You’ve, , Janet Yellen, Carlo Allegri, decliners Organizations: YORK, Dow, Nasdaq, AMC Entertainment Holdings, GameStop Corp, Blackberry Ltd, New York Stock, REUTERS, House Democrats, Dow Jones, Biogen Inc, and Drug Administration, QTS Realty Trust, Blackstone, Royal Caribbean, Carnival, Cruise Line, NYSE Locations: Atlanta, Manhattan, New York City , New York, U.S, Washington, Florida, Texas
Wall Street flat; tech shares shrug off G7 tax deal
  + 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. But analysts said immediate market implications would be minimal since the details remained to be negotiated over the coming months. Other "meme stocks" including GameStop (GME.N) and U.S.-listed shares of BlackBerry rose more than 7% each. read moreAdvancing issues outnumbered decliners by a 1.41-to-1 ratio on the NYSE and by a 1.59-to-1 ratio on the Nasdaq. The S&P index recorded 45 new 52-week highs and no new low, while the Nasdaq recorded 87 new highs and nine new lows.
Persons: Carlo Allegri, Ken Polcari, Piper Sandler, Peter Cardillo Organizations: New York Stock, REUTERS, Google, Apple Inc, Amazon.com Inc, Facebook Inc, Inc, Kace Capital Advisors, Qualcomm, Devices, Visa Inc, Spartan Capital Securities, Dow Jones, Nasdaq, AMC Entertainment, GameStop, QTS Realty, Blackstone Group, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S, Taiwan, New York
NYSE President Stacey Cunningham on dynamic approach to reopening
  + stars: | 2021-06-07 | by ( ) www.cnbc.com + 0.96   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNYSE President Stacey Cunningham on dynamic approach to reopeningNYSE President Stacey Cunningham joined "Squawk on the Street" on the show's first day back at the exchange to discuss the current coronavirus restrictions on Wall Street.
Persons: Stacey Cunningham, Squawk
NYSE President Stacey Cunningham on volatility in meme stocks like AMC
  + stars: | 2021-06-07 | by ( ) www.cnbc.com sentiment -0.98   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNYSE President Stacey Cunningham on volatility in meme stocks like AMCShares of AMC Entertainment were muted in Monday’s premarket after in a wild week that saw the stock surge more than 80% despite declines Thursday and Friday. NYSE President Stacey Cunningham joined "Squawk on the Street" to discuss.
Persons: Stacey Cunningham, Squawk Organizations: AMC, AMC Entertainment Locations: premarket
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 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. "The jobs data has helped calm investor nerves about inflation fears," said Josh Wein, portfolio manager at Hennessy Funds. The S&P technology sector (.SPLRCT) firmed 1.4% and other high-growth companies also advanced as longer-dated U.S. bond yields eased. Wall Street's main indexes were set to rise for at least second straight week on optimism about an economic rebound amid a raft of encouraging data this week.
Persons: Brendan McDermid, nonfarm, Josh Wein, Hennessy, William Ackman's Organizations: New York Stock Exchange, REUTERS, Labor, Reuters, Hennessy Funds, Dow Jones, Nasdaq, AMC Entertainment, Koss Corp, GameStop, Tontine Holdings, Universal Music Group, NYSE, Thomson Locations: New York City, U.S, Brendan McDermid U.S
Bill Ackman sees Universal Music SPAC deal closing later this month
  + stars: | 2021-06-04 | by ( Yun Li | ) www.cnbc.com sentiment -0.99   time to read: +1 min
Billionaire investor Bill Ackman said he expects to close his SPAC deal to buy 10% of Universal Music Group for around $4 billion later this month. French media company Vivendi, the majority owner of Universal Music controlling 80%, is set to hold its shareholder meeting on that day. The deal would value Universal Music at 35 billion euros (around $42.4 billion). It will not result in a merger and Universal Music will go ahead with a planned listing on Euronext Amsterdam in the third quarter of 2021. Unlike a traditional SPAC where investors commit capital without knowing the target company, Ackman will inform SPARC investors of the potential acquisition before they pledge funds.
Persons: Bill Ackman, CNBC's Scott Wapner, Ackman Organizations: Universal Music Group, Pershing, Tontine Holdings, Vivendi, Universal Music, Universal, Amsterdam, SPARC, NYSE Locations: Ackman's
Total: 25