Page 84 - Devik Jain News Today

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...

By Reuters Staff 1 Min Read Jan 29 (Reuters) - Wall Street’s main indexes opened 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. The Dow Jones Industrial Average fell 49.5 points, or 0.16%, at the open to 30553.91, the S&P 500 fell 9.3 points, or 0.25%, at the open to 3778.05, while the Nasdaq Composite dropped 52.4 points, or 0.39%, to 13284.719 at the opening bell. (Repor...

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...

* 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...

U.S. SEC scolds investors as GameStop jumps, short-selling war resumes By Sagarika Jaisinghani and Medha Singh Reuters (Reuters) - The U.S. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds, warning brokerages and the pack of social-media traders that it was watching for potential wrongdoing. GameStop shares jumped, awarding retail investors the advantage in the latest round of their week-long slugfest against major financial insti...

* GameStop rally quashes hedge funds, sparks short squeeze (Updates to market close)

4 Min Read NEW YORK (Reuters) - U.S. stocks closed higher on Thursday, bouncing from sharp losses in the prior session, thanks to a broad rally as earnings season got off to a strong start and fears lessened around hedge funds selling long positions to cover shorts. Heavyweights, including Microsoft Corp, Amazon.com and Alphabet Inc, were among the biggest boosts to the S&P 500, a day after the three major U.S. indexes suffered their biggest daily percentage drop in three months. Apple reported...

4 Min Read NEW YORK (Reuters) - U.S. stocks closed higher on Thursday, bouncing from sharp losses in the prior session, thanks to a broad rally as earnings season got off to a strong start and fears lessened around hedge funds selling long positions to cover shorts. Heavyweights, including Microsoft Corp, Amazon.com and Alphabet Inc, were among the biggest boosts to the S&P 500, a day after the three major U.S. indexes suffered their biggest daily percentage drop in three months. Apple reported...

4 Min Read NEW YORK (Reuters) - U.S. stocks closed higher on Thursday, bouncing from sharp losses in the prior session, thanks to a broad rally as earnings season got off to a strong start and fears lessened around hedge funds selling long positions to cover shorts. Heavyweights, including Microsoft Corp, Amazon.com and Alphabet Inc, were among the biggest boosts to the S&P 500, a day after the three major U.S. indexes suffered their biggest daily percentage drop in three months. Apple reported...

4 Min Read NEW YORK (Reuters) - The dollar retreated and Wall Street rallied on Thursday as investors looked past weak U.S. GDP and jobless claims data to hopes of a rosier economy ahead and welcomed restrictions on this week’s social media-driven trading frenzy. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo Tech heavyweights Microsoft Corp, Amazon.com and Alphabet Inc were among the biggest boo...