Page 83 - Devik Jain News Today

(Adds report of Robinhood drawing down some credit lines) Jan 28 (Reuters) - An army of retail investors that has routed Wall Street’s professionals in recent days was dealt a blow on Thursday, after online brokerages restricted purchases of red-hot GameStop and other stocks that had soared this week. But the shares rebounded in after hours trading, resuming their advances after Robinhood Markets Inc and Interactive Brokers said they planned to lift the restrictions on Friday. Retail investor...

* J&J COVID-19 vaccine 72% effective in U.S., 66% globally * GameStop plays surge as brokerages ease restrictions * Popular mega-cap long positions take a hit * Eli Lilly gains as Q4 profit rises 41.5% * Futures down: Dow 0.94%, S&P 0.81%, Nasdaq 0.88% Jan 29 (Reuters) - U.S. stock indexes were set to open lower on Friday after COVID-19 vaccine data from Johnson & Johnson hurt sentiment and added to worries over a growing standoff between hedge funds and retail investors. Shares of Johnson & Jo...

By Sagarika Jaisinghani, Shriya Ramakrishnan and Anna Irrera (Reuters) - An army of retail investors that has routed Wall Streets professionals in recent days was dealt a blow on Thursday, after online brokerages restricted trading in red-hot GameStop and other stocks that had soared this week. But the shares rebounded in after hours trading, resuming their advances after Robinhood Markets Inc and Interactive Brokers said they planned to lift the restrictions on Friday. Retail investors, ce...

Wall St. falls after J&J vaccine data; GameStop effect weighs By Devik Jain and Shreyashi Sanyal Reuters (Reuters) - U.S. stock indexes fell on Friday after COVID-19 vaccine data from Johnson & Johnson hurt sentiment, while a standoff between Wall Street hedge funds and small, retail investors weighed. Johnson & Johnson fell 3.9% after the drugmaker said its single-dose vaccine was 72% effective in preventing COVID-19 in the United States, with a lower rate of 66% observed globally. The res...

4 Min Read (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * J&J COVID-19 vaccine 72% effective in U.S., 66% globally * GameStop plays surge as brokerages ease restrictions * Popular mega-cap long positions take a hit * Indexes down: Dow 0.80%, S&P 0.80%, Nasdaq 0.94% (Updates prices to open) Jan 29 (Reuters) - U.S. stock indexes fell on Friday after COVID-19 vaccine data from Johnson & Johnson hurt sentiment, while worries over a gro...

6 Min Read (Reuters) - The U.S. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds on Friday, warning brokerages and social-media traders it was on alert for any wrongdoing in this week’s roller-coaster trade. GameStop shares rallied again, awarding retail investors the advantage in the latest round of their week-long slugfest against major financial institutions that had shorted the video game retailer. The so-called “Reddit rally�...

US STOCKS-Wall St takes off with the power of big tech, pulls dismal data News Highlights: US STOCKS-Wall St takes off with the power of big tech, pulls dismal data (For a Reuters live blog on US, UK and European stock markets, click LIVE / or type LIVE / in a news box) * Weekly fall in unemployment benefits, but still high * US economy contracts in 2020; worst performance since 1946 Recommended * American Airlines joins retail By Devik Jain and Shreyashi Sanyal Jan 28 (Reuters) – Major Wall...

6 Min Read (Reuters) - The U.S. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds on Friday, warning brokerages and social-media traders it was on alert for any wrongdoing in this week’s roller-coaster trade. GameStop shares rallied again, awarding retail investors the advantage in the latest round of their week-long slugfest against major financial institutions that had shorted the video game retailer. The so-called “Reddit rally�...

5 Min Read NEW YORK (Reuters) - U.S. stock indexes dropped, closing out the Friday session with the biggest weekly fall since October, as investors gauged the ramifications of Johnson & Johnson’s COVID-19 vaccine trial results, while a standoff between Wall Street hedge funds and small, retail investors added to volatility. Johnson & Johnson fell 3.56% as one of the biggest weights on both the Dow and S&P500 after the drugmaker said its single-dose vaccine was 72% effective in preventing COVI...

Publishing date: Jan 29, 2021  •  January 29, 2021  •  2 minute read  •  Article content U.S. stock index were set to open lower on Friday after COVID-19 vaccine data from Johnson & Johnson hurt sentiment and added to worries over a growing standoff between hedge funds and retail investors. Shares of Johnson & Johnson fell 3.9% in premarket trading after the drugmaker said its single-dose vaccine was 72% effective in preventing COVID-19 in the United States, with a lower rate of 66...