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Wall Street trades flat, but set for weekly gain

4 Min Read NEW YORK (Reuters) - The S&P 500 and Nasdaq set record closing highs on Friday as investors bought energy, financial and materials shares and sold big tech stocks in anticipation of new fiscal aid from Washington to help the U.S. economy recover. The major indices traded in a tight range during the week in which investors rotated out of growth-oriented stocks that have dominated an almost year-long rally and bought cyclical and under-priced value stocks. The S&P energy, financials an...
New York United States Great Hill Thomas Hayes Medha Singh Joe Biden

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Nasdaq gains on tech stocks, hopes for more stimulus

5 Min Read NEW YORK (Reuters) - The Nasdaq and S&P 500 eked out modest gains on Thursday with investors betting on more fiscal stimulus, but U.S. President Joe Biden said China was poised to โ€œeat our lunch,โ€ a warning that tempered enthusiasm for a market near record highs. Nvidia Corp rose 3.2% and Intel Corp 3.1%, making technology the leading sector to gain on the S&P 500 and Nasdaq. Declining shares outnumbered gainers on the Nasdaq and New York Stock Exchange. Biden told a group of U.S...
New York United States Ed Moya David Trainer Devik Jain Medha Singh

MARKET SNAPSHOT FOR 10/02/2021 | Hellenic Shipping News Worldwide

MARKET SNAPSHOT FOR 10/02/2021 NASDAQ-Adv: 2,344 Dec: 1,624 NYSE-Adv: 2,492 Dec: 1,617(Source: Nasdaq) The Nasdaq ended at a new closing high on Tusday but the broad market closed slightly lower as investors rotated out of large-cap tech names into other sectors seen as benefiting from President Joe Bidenโ€™s proposed $1.9 trillion stimulus bill. The tech-heavy Nasdaq hit an all-time high for the fifth consecutive session on early gains in Apple Inc, Amazon.com Inc and Google-parent Alphabet In...
New York United States William Herrmann Dan Grebler Devik Jain Medha Singh

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