The US stocks were mixed on Friday, 12 March 2021, as rising bond yields served to push financials higher and technology lower. At the close of trade, the Dow Jones Industrial Average index advanced 293.05 points, or 0.9%, to 32,778.64. The S&P500 index added 4.00 points, or 0.1%, to 3,943.34. The tech-heavy Nasdaq Composite Index fell 78.80 points, or 0.59%, to 13,319.86. for the week, the Dow soared by 4.1%, the Nasdaq surged up by 3.1%, and the S&P 500 jumped by 2.6%.
Market participants expressed optimism about the economy reopening after President Joe Biden directed states to make all adults eligible for a coronavirus vaccine by May 1st. The vaccine news combined with the new $1.9 trillion stimulus package led to hopes for a return to normalcy after a year of the coronavirus pandemic.
Read more about S&P 500, Nasdaq slip as bond yields rise on Business Standard. NEW YORK (Reuters) - The S&P 500 slipped on Friday after hitting an all-time high the prior session as rising U.S. bond yields revived inflation worries and dulled the appeal of high-growth technology shares.
By Sankalp Phartiyal NEW DELHI (Reuters) - Apple Inc has started the assembly of iPhone 12 in India, the U.S. tech giant said, as the company ramps up manufacturing operations in the world s second-biggest smartphone market. We are proud to be starting production of iPhone 12 in India for our local customers, Apple said in a statement on Thursday, without naming the supplier making the smartphone. The Indian unit of Apple s Taiwanese contract manufacturer Foxconn will assemble the device in its plant in southern Tamil Nadu state, two sources familiar with the matter said. Foxconn did not immediately respond to a request for comment, but has previously said it does not comment on client-specific work.
Read more about US Stocks end mixed on Monday on Business Standard. At the close of trade, the Dow Jones Industrial Average index rose 306.14 points, or 0.97%, to 31,802.44. The S&P500 index dropped 20.59 points, or 0.54%, to 3,821.35. The tech-heavy Nasdaq Composite Index fell 310.98 points, or 2.41%, to
Read more about FTSE Russell says will delete Xiaomi from global indexes on US order on Business Standard. The order was from then-president Donald Trump