Page 85 - Devik Jain News Today

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...

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�...

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) * Weekly jobless claims dip, but still remain high * U.S. economy contracts in 2020; worst performance since 1946 * Tesla slips after disappointing results * Futures: Dow up 0.57%, S&P up 0.37%, Nasdaq down 0.17% (Adds comments, background, update prices throughout) Jan 28 (Reuters) - The S&P 500 and the Dow Jones indexes were set to open higher on Thursday, shrugging off data...

Wall St. jumps on big-tech strength, short squeeze worries ease By Devik Jain and Shreyashi Sanyal Reuters (Reuters) - Wall Streets main indexes jumped on Thursday as mega-cap technology stocks tried to regain lost ground following a sharp sell-off after fears eased around hedge funds selling off long positions to cover a short squeeze. Shares in GameStop Corp and AMC Entertainment Holdings Inc tumbled as trading platforms including Robinhood and Interactive Brokers restricted trading in st...

29 Jan 2021 / 04:11 H. By Sagarika Jaisinghani, Shriya Ramakrishnan and Anna Irrera Jan 28 (Reuters) - An army of retail investors that has routed Wall Streets professionals in recent days was dealt a blow on Thursday, after online brokerages Robinhood Markets Inc and Interactive Brokers restricted trading in red-hot GameStop and several other social-media darlings stocks that had soared this week. Shares of retail favorites including GameStop and AMC Entertainment plummeted on the news and br...

4 Min Read NEW YORK (Reuters) - U.S. stocks suffered their biggest one-day percentage drop in three months on Wednesday, adding to losses after the latest Fed statement as major indexes were also pressured by a slump in Boeing and a selling of long positions by hedge funds. Shares of videogame retailer GameStop Corp and movie theater operator AMC Entertainment Holdings Inc each more than doubled on Wednesday, continuing a torrid run higher over the past week, as amateur investors again piled in...

3 Min Read (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Futures down: Dow 0.78%, S&P 0.84%, Nasdaq 0.17% Jan 27 (Reuters) - U.S. stock index futures slipped on Wednesday as a busy week of earnings gained momentum, with upbeat results from Microsoft cushioning the fall in Nasdaq futures ahead of the Federal Reserve’s policy statement later in the day. Microsoft Corp gained 2.3% premarket, as the software maker continues to benef...

Wall St. opens lower with earnings underway, eyes on Fed 01/27/2021 14:36 (Reuters) - U.S. stock indexes opened lower on Wednesday as investors parsed through earnings reports from companies including Boeing and Microsoft, ahead of the Federal Reserves policy statement later in the day. The Dow Jones Industrial Average fell 43.3 points, or 0.14%, at the open to 30893.78. The S&P 500 fell 12.8 points, or 0.33%, at the open to 3836.83​, while the Nasdaq Composite dropped 139.5 points, or 1....

4 Min Read NEW YORK (Reuters) - Stocks fell on Monday, slipping from record highs, partly on caution over rising coronavirus cases globally while elevated Treasury yields continued to support the dollar, which touched its highest since December against a basket of peers. FILE PHOTO: The U.S. flag covers the front facade of the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 9, 2020. REUTERS/Brendan McDermid Worldwide coronavirus cases surpassed 90 million on Monday, ac...

4 Min Read NEW YORK (Reuters) - U.S. stocks suffered their biggest one-day percentage drop in three months on Wednesday, adding to losses after the latest Fed statement as major indexes were also pressured by a slump in Boeing and a selling of long positions by hedge funds. Shares of videogame retailer GameStop Corp and movie theater operator AMC Entertainment Holdings Inc each more than doubled on Wednesday, continuing a torrid run higher over the past week, as amateur investors again piled in...