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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
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
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
REUTERS/Mike Segar/File PhotoThe S&P 500 energy sector, the best-performing group this year, extended its rise this week, gaining 1.7% as oil prices pushed higher. “We’ve got very heavy economic data in the next two days,” said John Brady, senior vice president at R.J. O’Brien & Associates in Chicago. The benchmark S&P 500 is up about 12% this year, and within about 1% of its record high, as investors anticipate an economic rebound from the coronavirus pandemic. Advancing issues outnumbered decliners on the NYSE by a 1.22-to-1 ratio; on Nasdaq, a 1.29-to-1 ratio favored decliners. The S&P 500 posted 56 new 52-week highs and no new lows; the Nasdaq Composite recorded 115 new highs and 22 new lows.
Persons: Mike Segar, “ We’ve, , John Brady, Keith Lerner, Patrick Harker, decliners Organizations: Reuters, New York Stock Exchange, REUTERS, Tesla Inc, Nasdaq, O’Brien, Associates, Dow Jones, Advisory Services, Federal Reserve, Philadelphia Fed Bank, AMC Entertainment Holdings, NYSE Locations: Manhattan, New York City , New York, U.S, R.J, Chicago, Atlanta
The materials sector fell 0.9% while a 3.0% fall in Tesla Inc shares dragged on the S&P 500 and the Nasdaq Composite. The Dow Jones Industrial Average rose 25.07 points, or 0.07%, to 34,600.38, the S&P 500 gained 6.08 points, or 0.14%, at 4,208.12 and the Nasdaq Composite added 19.85 points, or 0.14%, to 13,756.33. The benchmark S&P 500 is up about 12% this year, and within about 1% of its record high, as investors anticipate an economic rebound from the coronavirus pandemic. The S&P 500 posted 60 new 52-week highs and no new lows; the Nasdaq Composite recorded 127 new highs and 25 new lows. About 12.2 billion shares changed hands in U.S. exchanges, above the 10.5 billion daily average over the last 20 sessions.
Persons: , Paul Nolte, Keith Lerner, Patrick Harker, decliners Organizations: Reuters, Tesla Inc, Nasdaq, Kingsview Investment Management, Dow Jones, Advisory Services, Federal Reserve, Philadelphia Fed Bank, AMC Entertainment Holdings, NYSE Locations: Chicago, Atlanta, U.S
Wall Street edges up, led by financials, energy
  + stars: | 2021-06-01 | by ( Lewis Krauskopf | Shashank Nayar | Medha Singh | ) www.reuters.com + 0.00   time to read: +3 min
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 PhotoThe S&P 500 financial sector hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector over 3%. While the S&P 500 remains within about 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices. Advancing issues outnumbered decliners on the NYSE by a 2.13-to-1 ratio; on Nasdaq, a 1.62-to-1 ratio favored advancers. The S&P 500 posted 68 new 52-week highs and no new lows; the Nasdaq Composite recorded 146 new highs and 19 new lows.
Persons: Brendan McDermid, it’s, , Kristina Hooper, Neel Kashkari, Randal Quarles, Clayton Dubilier, decliners Organizations: Reuters, New York Stock Exchange, REUTERS, Abbott Laboratories, Data, Dow Jones, Nasdaq, Stock, Federal Reserve, Minneapolis Federal Reserve Bank, U.S, Abbott Labs, Cloudera Inc, KKR, Co, Rice LLC, AMC Entertainment Holdings Inc, NYSE Locations: New York City, U.S, New York, Minneapolis
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
Wall St weighed down by falling tech stocks
  + stars: | 2021-05-17 | by ( Echo Wang | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - Technology stocks pulled Wall Street’s main indexes lower on Monday, with the Nasdaq Composite index falling about 1% as signs of growing inflationary pressures raised concern about monetary policy tightening. FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York City, U.S., May 4, 2021. Apple Inc and Microsoft Corp each fell more than 1%, weighing the most on the benchmark S&P 500 and the Nasdaq. Advancing issues outnumbered decliners on the NYSE by a 1.02-to-1 ratio; on Nasdaq, a 1.20-to-1 ratio favored decliners. The S&P 500 posted 34 new 52-week highs and no new lows; the Nasdaq Composite recorded 95 new highs and 49 new lows.
Persons: Brendan McDermid, , Sam Stovall, Ralph Lauren, TJX Cos, Refinitiv IBES, bitcoin, Elon Musk, decliners Organizations: Reuters, Technology, Nasdaq, New York Stock Exchange, REUTERS, Apple Inc, Microsoft Corp, U.S . Federal, Research, Dow Jones, Walmart Inc, Inc, Macy’s, Target, T Inc, HBO, Warner Bros, Discovery Inc, HGTV, TLC, Tesla Inc, NYSE, AMC Entertainment Holdings Inc, Ford Motor Co, Aerpio Pharmaceuticals Inc, Growers, Castor Locations: New York City, U.S, New York, Coinbase
Wall St extends recovery at end of volatile week
  + stars: | 2021-05-14 | by ( Medha Singh | Sruthi Shankar | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - U.S. stocks rose on Friday with broad-based gains, as investors looked at economic recovery prospects after worries about a prolonged period of inflation sparked a volatile week of trading. FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. All 11 major S&P sectors were higher, with energy leading gains as oil prices gained ground. [O/R]The CBOE volatility index, a measure of investors’ anxiety, slipped to 19.55 after spiking to a more than two-month high earlier this week. The S&P index recorded 16 new 52-week highs and no new low, while the Nasdaq recorded 55 new highs and 39 new lows.
Persons: Brendan McDermid, , Mike Loewengart, pare, Phil Blancato, Ladenburg, Walt Disney, decliners Organizations: Reuters, New York Stock Exchange, REUTERS, Reserve, U.S . Centers for Disease Control, Prevention, Asset Management, Dow Jones, Nasdaq, Apple Inc, Amazon.com Inc, Microsoft Corp, Tesla Inc, Airbnb Inc, NYSE Locations: New York City, U.S, New York, Philadelphia
Wall Street rallies on strong economic data; tech in focus
  + stars: | 2021-04-23 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - U.S. stocks rallied on Friday, driving the S&P 500 to a near-record closing high, after factory data and new home sales underscored a booming economy while big tech stocks rose in anticipation of strong earnings reports next week. FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., February 16, 2021. All the 11 major S&P 500 sectors were higher, with technology and financials leading gains. Unofficially, the Dow Jones Industrial Average rose 0.66% to 34,040.28 and the S&P 500 gained 1.08% to 4,179.73. Some earnings reports on Friday were lackluster, with American Express Co sliding after reporting a slump in credit spending and lower quarterly revenue.
Persons: Brendan McDermid, Joe Biden, Tim Ghriskey, , “ We’ve, Ron Temple, Temple Organizations: Reuters, New York Stock Exchange, REUTERS, Companies, Inverness, Microsoft Corp, Google, Inc, Apple Inc, Facebook Inc, Amazon.com Inc, decliners, IHS, U.S, Lazard Asset Management, Federal Reserve, Dow Jones, Nasdaq, American Express Co, Honeywell, Brand, Pinterest Inc, Credit Suisse Locations: New York, U.S
US STOCKS-S&P 500 slips as tech stocks pull market lower
  + stars: | 2021-03-24 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +3 min
The 10-year yield fell to about 1.6%, a slide that had propped up highly valued technology shares that led the Nasdaq to double from year-ago lows. Value-oriented shares on Wednesday outpaced a decline in growth stocks, which include tech shares. We know that the economy is primed to begin to really accelerate in the second quarter,” Kelly said. U.S.-listed shares of Taiwan Semiconductor dropped, while semiconductor equipment makers Lam Research Corp, Applied Materials Inc and ASML Holding rose. (Reporting by Herbert Lash in New York Additional reporting by Devik Jain and Medha Singh in Bengaluru Editing by Maju Samuel and Matthew Lewis)
Persons: Jerome Powell, Janet Yellen, Powell, David Kelly, , ” Kelly, , David Yepez, industrials, decliners, Bitcoin, Elon Musk, Herbert Lash, Devik Jain, Medha Singh, Maju Samuel, Matthew Lewis Organizations: Intel, GameStop, Energy, Federal, Nasdaq, Investors, Asset Management, Exencial Wealth, Dow Jones, Apple Inc, Tesla Inc, Facebook Inc, Intel Corp, U.S, Taiwan Semiconductor, Lam Research Corp, Materials Inc, ASML, Materials, GameStop Corp Locations: , Arizona, United States, New York, Bengaluru
S&P 500 slips as tech stocks pull market lower
  + stars: | 2021-03-24 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. The 10-year yield fell to about 1.6%, a slide that had propped up highly valued technology shares that led the Nasdaq to double from year-ago lows. Value-oriented shares on Wednesday outpaced a decline in growth stocks, which include tech shares. Apple Inc, Tesla Inc and Facebook Inc led decliners on the S&P 500. U.S.-listed shares of Taiwan Semiconductor dropped, while semiconductor equipment makers Lam Research Corp, Applied Materials Inc and ASML Holding rose.
Persons: Jerome Powell, Janet Yellen, Carlo Allegri, Powell, David Kelly, , ” Kelly, , David Yepez, industrials, decliners, Bitcoin, Elon Musk Organizations: YORK, Federal, New York Stock, REUTERS, Nasdaq, Investors, Asset Management, Exencial Wealth, Dow Jones, Apple Inc, Tesla Inc, Facebook Inc, Intel Corp, U.S, Taiwan Semiconductor, Lam Research Corp, Materials Inc, ASML, Materials, GameStop Corp Locations: Manhattan, New York City , New York, U.S, , Arizona, United States
(Reuters) - Wall Street’s main indexes inched higher on Tuesday ahead of the start of corporate America’s reporting season that could signal a rebound in earnings, while General Motors’ shares jumped on launching an electric delivery vehicle business. FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. Five of the 11 major S&P sectors were trading higher with energy stocks gaining about 3%, tracking higher crude prices. ET the Dow Jones Industrial Average rose 44.54 points, or 0.14%, to 31,053.23, the S&P 500 gained 4.93 points, or 0.13%, to 3,804.54, and the Nasdaq Composite gained 46.66 points, or 0.36%, to 13,083.09. The S&P 500 posted 81 new 52-week highs and no new low, while the Nasdaq recorded 353 new highs and 12 new lows.
Persons: General Motors ’, Brendan McDermid, Mary Barra, Russell, , Matt Stucky, Donald Trump, , decliners Organizations: Reuters, General Motors, New York Stock Exchange, REUTERS, FedEx, Tesla, Treasury, Democratic, U.S, Congress, Northwestern Mutual Wealth Management Company, JPMorgan, Citigroup, Dow Jones, Nasdaq, Capitol, Uber Technologies, NYSE Locations: New York, U.S, India, Washington, Milwaukee, North America
(Reuters) - Wall Street hit record levels on Thursday as market participants bet on more coronavirus relief aid under a Democrat-controlled U.S. Congress to help the economy ride out a steep pandemic-induced downturn. FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in the financial district in New York, U.S., November 24, 2020. The NYSE FANG+TM index, which includes the core FAANG group of stocks that have led the Wall Street rally from pandemic lows, gained 2.5%. Advancing issues outnumbered decliners for a 1.5-to-1 ratio on the NYSE and a 2.7-to-1 ratio on the Nasdaq. The S&P 500 posted 93 new 52-week highs and no new low, while the Nasdaq recorded 477 new highs and 15 new lows.
Persons: Brendan McDermid, Donald Trump’s, Trump, , Dennis Dick, Joe Biden, , Keith Buchanan, it’s, Max Gokhman, Elon, Jeff Bezos, decliners Organizations: Reuters, Democrat, Congress, New York Stock Exchange, REUTERS, Trump, U.S, Capitol, Biden, Bright Trading, Democratic, Treasury, NYSE, Wall, Dow Jones, Nasdaq, Labor Department, Life Fund, Investors, DXC Technology, Tesla, Walgreens, Alliance, Dow Locations: New York, U.S, , Atlanta, Newport Beach , California
(Reuters) -U.S. stocks rose on Wednesday with the Dow and the S&P 500 notching record highs as investors piled into financial and industrial stocks on bets that a Democratic sweep in Georgia would lead to more fiscal stimulus and infrastructure spending. REUTERS/Brendan McDermidFinancials hit a 1-year high, while materials, industrial and energy sectors jumped between 2.5% and 3.4%. The Russell 1000 value index, which is heavily weighted toward cyclical sectors, rose 2.5%, while the growth index, with a large tech company weighting, shed 0.1%. ET the Dow Jones Industrial Average rose 481.33 points, or 1.59%, to 30,872.93, the S&P 500 gained 41.22 points, or 1.11%, to 3,768.08, and the Nasdaq Composite gained 37.89 points, or 0.29%, to 12,856.85. The S&P 500 posted 75 new 52-week highs and no new low, while the Nasdaq recorded 370 new highs and 13 new lows.
Persons: Brendan McDermid Financials, Joe Biden’s, , John Stoltzfus, Russell, decliners Organizations: Reuters, Dow, Democratic, U.S, New York Stock Exchange, REUTERS, Treasury, Senate, Republican, Oppenheimer Asset Management, Big Tech, Apple Inc, Microsoft Corp, Amazon.com Inc, Google, Inc, Facebook Inc, Tesla Inc, Dow Jones, Nasdaq, Democrat, AmerisourceBergen Corp, Walgreens, NYSE Locations: Georgia, New York City , New York, U.S, New York, Europe
(Reuters) - Wall Street retreated from record highs on Friday as a coronavirus stimulus deal remained in focus ahead of a weekend deadline, while Tesla shares hit their highest in anticipation of their addition to the S&P 500 next week. FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike SegarAll the three major indexes hit a record high at the open, before retreating. Electric-car maker Tesla Inc rose 2% to a record high, seeing massive trading volumes as it becomes the most valuable company ever added to Wall Street’s main benchmark index. Wall Street indexes were set to end the week higher, with the Nasdaq set to outperform its peers with a more than 3% gain on sustained buying into technology stocks.
Persons: Mike Segar, , Thomas Hayes, ” Hayes, decliners Organizations: Reuters, Wall, New York Stock Exchange, REUTERS, Tesla, Great, Kohl’s, Macy’s Inc, National Retail Federation, Dow Jones, Nasdaq, Microsoft Corp, U.S, FedEx Corp, United, Service, NYSE Locations: Manhattan, New York City , New York, U.S, New York
(Reuters) - Wall Street retreated from record highs on Friday as a coronavirus stimulus deal remained in focus ahead of a weekend deadline, while Tesla shares hit a lifetime high in anticipation of their addition to the S&P 500 next week. FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike SegarAll the three major indexes hit a record high at the open, before retreating. Technology shares, which have led gains this week, were the biggest drag on the S&P 500, followed by financials and consumer discretionary sectors. The S&P 500 posted 31 new 52-week highs and no new low, while the Nasdaq recorded 360 new highs and 12 new lows.
Persons: Mike Segar, , Randy Frederick, Charles Schwab, Thomas Hayes, advancers, decliners Organizations: Reuters, Wall, New York Stock Exchange, REUTERS, Technology, Nasdaq, Tesla, Dow Jones, Great, Microsoft Corp, U.S, FedEx Corp, United, Service, NYSE Locations: Manhattan, New York City , New York, U.S, Austin , Texas, New York
(Reuters) - The S&P 500 and the Nasdaq hit record highs on Thursday on increased optimism over a coronavirus stimulus bill, even as an unexpected rise in weekly jobless claims pointed to further economic stress from the COVID-19 pandemic. REUTERS/Mike SegarTechnology stocks were among the best performing S&P sectors, with utilities and materials shares, primed to benefit from more stimulus, also making large gains. ET, the Dow Jones Industrial Average was up 131.50 points, or 0.44%, at 30,286.04, the S&P 500 was up 15.05 points, or 0.41%, at 3,716.22. The Federal Reserve also kept interest rates at near-zero levels on Wednesday and vowed to keep funneling cash into financial markets over the long term. The S&P index recorded 28 new 52-week highs and no new low, while the Nasdaq recorded 141 new highs and three new lows.
Persons: George Washington, Mike Segar, , Mike O’Rourke, Mills, decliners Organizations: Reuters, Nasdaq, New York Stock Exchange, REUTERS, Dow Jones, Federal, Equity, Federal Reserve, Mills Inc, Outsourcing, Accenture, MacroGenics Inc, U.S . Food, Drug Administration, NYSE Locations: Manhattan, New York City , New York, U.S
Wall Street flat as virus woes offset stimulus hopes
  + stars: | 2020-12-16 | by ( Ambar Warrick | Shreyashi Sanyal | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: A man walks outside the New York Stock Exchange (NYSE) in New York, U.S., November 24, 2020. ET, the Dow Jones Industrial Average was down 6.52 points, or 0.02%, at 30,192.79, the S&P 500 was up 0.30 points, or 0.01%, at 3,694.92. The Nasdaq fell after touching a record high shortly after the open. Advancing issues outnumbered decliners for a 1.20-to-1 ratio on the NYSE and a 1.14-to-1 ratio on the Nasdaq. The S&P index recorded 21 new 52-week highs and no new low, while the Nasdaq recorded 107 new highs and seven new lows.
Persons: Brendan McDermid, Southwest’s, , Peter Cardillo, Morgan, decliners Organizations: Reuters, New York Stock Exchange, REUTERS, Southwest Airlines Co, Spartan Capital Securities, Dow Jones, Nasdaq, Twitter Inc, Aphria Inc, Tilray Inc, NYSE Locations: New York, U.S
Markets have moved in tandem with news on a relief bill, which is expected to further offset the economic impact of the virus outbreak and keep liquidity high. The Fed is expected to signal easy monetary policy for the foreseeable future in its two-day meeting starting Tuesday. The recent coronavirus vaccine roll-out is also expected to improve the central bank’s 2021 outlook. Moderna Inc’s shares fell 3.2%, even as U.S. Food and Drug Administration staff members did not raise any new concerns over data on the drugmaker’s COVID-19 vaccine. Advancing issues outnumbered decliners for a 2.51-to-1 ratio on the NYSE and a 1.67-to-1 ratio on the Nasdaq.
Persons: , Rick Meckler, Meckler, Eli Lilly, decliners Organizations: Reuters, Federal, Inc, Dow, Nasdaq, Democrat, Republican, Cherry Lane Investments, Dow Jones, Moderna, Food, Drug Administration, NYSE Locations: U.S, New Jersey
The S&P 500 materials sector was trading within spitting distance of a record high. The Fed is also expected to signal easy monetary policy for the foreseeable future in its two-day meeting starting Tuesday. The recent coronavirus vaccine roll-out is expected to improve the central bank’s 2021 outlook. ET, the Dow Jones Industrial Average was up 190.68 points, or 0.64%, at 30,052.23, the S&P 500 was up 25.63 points, or 0.70%, at 3,673.12. Moderna Inc’s shares fell 4.8%, even as U.S. Food and Drug Administration staff members did not raise any new concerns over data on the drugmaker’s COVID-19 vaccine.
Persons: , Christopher Grisanti, ” Erin Browne, Geraldine Sundstrom, PIMCO, Eli Lilly, decliners Organizations: Reuters, Federal, Inc, Democrat, Republican, Dow Jones, Nasdaq, MAI Capital Management, Moderna, Food, Drug Administration, NYSE
REUTERS/Brendan McDermidThe S&P 500 was little changed after falling as much as 0.7%, as Treasury Secretary Mnuchin said talks between Republican And Democratic senators were making “a lot of progress” with more discussions expected in the day. The three main indexes opened lower after Labor Department data showed a higher-than-expected rise in weekly unemployment claims. ET the Dow Jones Industrial Average fell 47.72 points, or 0.16%, to 30,021.09, the S&P 500 gained 0.70 points, or 0.02% to 3,673.52 and the Nasdaq Composite gained 69.33 points, or 0.56% to 12,408.28. Airbnb’s IPO is the biggest by a U.S. operating company in 2020 and its shares are scheduled to start trading on Nasdaq on Thursday. The S&P 500 posted five new 52-week highs and no new low, while the Nasdaq recorded 118 new highs and 13 new lows.
Persons: Brendan McDermid, Mnuchin, , Ryan Detrick, decliners Organizations: Reuters, New York Stock Exchange, REUTERS, Republican, Democratic, Labor Department, Dow Jones, Nasdaq, Pfizer, U.S . Food, Drug Administration, FDA, Airbnb Inc, U.S, NYSE Locations: New York, U.S, North Carolina
(Reuters) - The S&P 500 and the Dow reversed course to rise on Tuesday, led by drugmaker Johnson & Johnson following encouraging news on its COVID-19 vaccine, while the Nasdaq hit a record high. REUTERS/Shannon Stapleton/File PhotoJohnson & Johnson gained 1.9% after the company said it could obtain late-stage trial results of a single-dose COVID-19 vaccine it is developing, earlier than expected. Pfizer Inc also rose 3.2% as it cleared the next hurdle in the race to get its COVID-19 vaccine approved for emergency use, after the U.S. health regulator released documents raising no new safety or efficacy issues. Drug developer Moderna Inc climbed 4.2%, after Switzerland increased its confirmed orders for its COVID-19 vaccine doses to 7.5 million from 4.5 million. Advancing issues outnumbered decliners for a 1.66-to-1 ratio on the NYSE and a 1.24-to-1 ratio on the Nasdaq.
Persons: drugmaker Johnson, Johnson, Shannon Stapleton, , Rick Meckler, ” Meckler, decliners Organizations: Reuters, Nasdaq, New York Stock Exchange, REUTERS, Pfizer Inc, Cherry Lane Investments, U.S, Dow Jones, Boeing Co, Tesla, Moderna Inc, Energy, NYSE Locations: New York, U.S, California, New Jersey, Switzerland
Vaccine optimism propels Nasdaq to record high
  + stars: | 2020-12-03 | by ( Noel Randewich | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - The Nasdaq Composite hit an all-time high on Thursday as investors stayed focused on a COVID-19 vaccine and looked beyond bleak economic data, while Boeing Co lifted the Dow Jones Industrial Average. FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File PhotoThe S&P 500 bounced between a slight loss and a slight gain after hitting a record high. The Dow Jones Industrial Average was up 0.42% at 30,008.19 points, while the S&P 500 gained 0.04% to 3,670.36. The S&P 500 posted 32 new 52-week highs and no new lows; the Nasdaq Composite recorded 154 new highs and six new lows.
Persons: Brendan McDermid, Goldman Sachs, , , Sal Bruno, Mitch McConnell, decliners Organizations: Reuters, Nasdaq, Boeing Co, Dow Jones, New York Stock Exchange, REUTERS, Boeing, Ryanair, Tesla Inc, ” U.S, Carnival Corp, Norwegian Cruise Line Holdings, Zscaler Inc, Waddell & Reed Financial, Australia’s Macquarie Group, NYSE Locations: New York, U.S, , Norwegian
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