Page 78 - Devik Jain News Today

The Nasdaq scaled a new closing high on Tuesday, but the broad market barely missed eking out a seventh day of gains as investors rotated out of large-cap tech names into other sectors expected to benefit from a proposed $1.9 trillion U.S. stimulus bill.

The Nasdaq scaled a new closing high on Tuesday, but the broad market barely missed eking out a seventh day of gains as investors rotated out of large-cap tech names into other sectors expected to benefit from a proposed $1.9 trillion U.S. stimulus bill.

4 Min Read (Reuters) - The Nasdaq scaled a new closing high on Tuesday, but the broad market barely missed eking out a seventh day of gains as investors rotated out of large-cap tech names into other sectors expected to benefit from a proposed $1.9 trillion U.S. stimulus bill. The tech-heavy Nasdaq hit an all-time high early in the session on gains in Apple Inc, Amazon.com Inc and Google-parent Alphabet Inc, which later turned lower amid a shift in portfolio allocations. The NYSE FANG+TM index,...

U.S. stock index futures dipped on Tuesday as investors moved to the sidelines a day after Wall Street closed at all-time highs with focus squarely on earnings reports and progress in the Biden administration’s $1.9 trillion stimulus plan. Big U.S. banks slipped in premarket trading after the banks index jumped about 11% in the past ...

Read more about Wall Street scales all-time high on stimulus bets, vaccine optimism on Business Standard. The Congress on Friday approved a budget plan that would allow a coronavirus relief bill to muscle through in the coming weeks without Republican support

* Indexes up: Dow 0.40%, S&P 0.31%, Nasdaq 0.43% (Adds comment, details; updates prices)

Major U.S. stock indexes registered all-time closing highs on Monday amid optimism over U.S. fiscal stimulus, and bitcoin jumped after Tesla revealed it had purchased $1.5 billion of the cryptocurrency and would soon accept it as a form of payment.

S&P 500, Nasdaq post biggest weekly gains since early November U.S. stocks extended their recent rally on Friday and the S&P 500 and Nasdaq indexes scored their biggest weekly percentage gains since the U.S. elections in early November, boosted by optimism over earnings, stimulus talks and progress on vaccine rollouts. Both the Dow Jones industrial average and S&P 500 rose for a fifth straight session in their longest streak of gains since August, while the S&P 500 and Nasdaq posted record clos...

Wall Street reached all-time closing highs on Monday as investor optimism was stoked by prospects of a speedier economic recovery from the global health crisis, driven by increased stimulus and an accelerated vaccine rollout.

* Futures up: Dow 0.45%, S&P 0.37%, Nasdaq 0.41% (Adds comment, details; updates prices)