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Software-as-a-Service (SaaS) Market Still Has Room To Grow: IBM, Oracle, Microsoft
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Tokyo stocks extend gains on U.S. market strength Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Jiji Feb 3, 2021
Tokyo stocks advanced for the third consecutive session on Wednesday, thanks to an overnight rise on Wall Street.
The 225-issue Nikkei average surged 284.33 points, or 1.00%, to close at 28,646.50, after jumping 271.12 points on Tuesday.
The Topix index of all first section issues ended 24.07 points, or 1.30%, higher at 1,871.09 following a 17.18-point rise the previous day.
The Tokyo market spurted from the outset of Wednesday’s trading, reflecting avid buying on the back of rises in key U.S. stock indexes Tuesday, with the Nikkei gaining over 300 points briefly in the morning.
Friday s analyst upgrades and downgrades - The Globe and Mail
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S&P 500 Leads Nikkei 225, ASX 200 Lower as Volatility Spikes
S&P 500, ASX 200, NIKKEI 225, ASIA-PACIFIC MARKET OUTLOOK:
The FOMC meeting revealed little changes; Apple and Facebook earnings beat
Asia-Pacific indices are poised to open sharply lower following a sour US lead
Market Turmoil, FOMC, Earnings, Asia-Pacific Stocks Outlook:
Wall Street stocks had a bloodbath day without clear fundamental reasons behind, leading market participants to question if the short squeeze in GameStop (+134%) and AME entertainment (+301%) have forced some hedge funds to liquidate their long positions in other stocks to cover losses. This appeared to have sparked broader risk aversion and encouraged more liquidation in a time when stock markets valuations are at their highest levels since the Dotcom bubble.
Automatic Data Processing Raises FY21 Outlook
ROSELAND (dpa-AFX) - While reporting its financial results for the second quarter on Wednesday, Automatic Data Processing, Inc. (ADP) raised its outlook for fiscal 2021 bookings, retention, revenue, margin, and earnings per share.
The company now projects fiscal 2021 revenue growth of 1 percent to 3 percent, earnings per share growth of 1 percent to 5 percent, and adjusted earnings per share in a range of decline of 2 percent to growth of 2 percent.
Earlier, the company projected full-year revenue growth in a range of decline of 1 percent to growth of 1 percent, and adjusted earnings per share to decline in a range of 7 percent to 3 percent.
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