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Nike and banks lift S&P 500 to record high close | Money

NEW YORK, June 26 ― The S&P 500 ended the week at record high yesterday, lifted by Nike and several banks, while weaker-than-expected inflation data eased worries about a sudden tapering in stimulus by the Federal Reserve. Nike Inc surged 15.5 per cent to an all-time high after the sneaker...
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GameStop falls 27% on potential share sale, other 'meme stocks' falter

GameStop falls 27% on potential share sale, other meme stocks falter By Sinéad Carew, Aaron Saldanha and Sagarika Jaisinghani Reuters (Reuters) - Shares of GameStop Corp lost more than a quarter of their value on Thursday and other so-called meme stocks also declined in a sell-off that hit a broad range of names favored by retail investors. The video game retailer’s shares closed down 27.16% at $220.39, their biggest one-day percentage loss in 11 weeks. The drop came a day after GameStop...
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US STOCKS-Wall Street ends mixed as earnings wave nears

* 3M slides on warning of higher costs * UPS jumps as revenue tops expectations (Updates with close of trading) April 27 (Reuters) - Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the main indexes ending mixed as investors focused on wave of earnings reports from Microsoft, Alphabet and other corporate heavyweights. Electric-car maker Tesla Inc dropped after its quarterly results late on Monday fell short of some investors’ expectations, with its revenue beat largely ...
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MARKET SNAPSHOT FOR 28/04/2021 | Hellenic Shipping News Worldwide

MARKET SNAPSHOT FOR 28/04/2021 NASDAQ-Adv: 2,553 Dec: 700 NYSE-Adv: 3,038 Dec: 897(Source: Nasdaq) Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the S&P 500 and Dow ending near flat as investors focused on wave of earnings reports from Microsoft, Alphabet and other corporate heavyweights. Electric-car maker Tesla Inc dropped 4.5% after its quarterly results late on Monday fell short of some investors’ expectations, with its revenue beat largely supported by sales of ...
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Wall Street ends mostly flat ahead of earnings wave

BusinessWall Street ends mostly flat ahead of earnings wave Noel RandewichKrystal Hu 1/2 Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 26, 2020. REUTERS/Brendan McDermid Read More Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the S&P 500 and Dow ending near flat as investors focused on wave of earnings reports from Microsoft, Alphabet and other corporate heavyweights. Electric-car maker Tesla Inc (TSL...
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Capture Cloud Computing's Sunny Future with 'WCLD'

Capture Cloud Computing’s Sunny Future with ‘WCLD’ April 27, 2021 The COVID-19 pandemic transformed cloud computing from a useful tech niche into an essential one, and cloud computing ETFs have reaped the benefits. The WisdomTree Cloud Computing Fund (WCLD) is up 89% over the past 12 months, outperforming all other cloud computing ETFs and easily beating the Dow Jones Industrial Average, which gained just 7.2% over the same period. “The cloud pre-pandemic was like a Tesla — it was ...
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Fueled by tech, Wall Street rebounds at end of volatile week

<div class="at-above-post addthis_tool" data-url="https://www.metro.us/fueled-by-tech-wall/"></div>(Reuters) – Wall Street ended sharply higher after a volatile session on Friday, with the Nasdaq rebounding at the end of a week that saw it extend losses to about 10% from its previous record high. All three main indexes bounced back from losses earlier in the day, with investors in recent sessions spooked by […]<!-- AddThis Advanced Settings above v...
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Source: metro.us

Biden to unveil plan to pump $1.9 trillion into pandemic-hit economy

The package includes $415 billion to bolster the response to the virus and the rollout of COVID-19 vaccines, some $1 trillion in direct relief to households, and roughly $440 billion for small businesses and communities particularly hard hit by the pandemic, incoming Biden administration officials told reporters on a conference call.
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