Tech leads stock gains ahead of megacap earnings
Katherine Greifeld, Bloomberg News VIDEO SIGN OUT
Technology shares led gains in U.S. stocks as investors awaited earnings from some of the biggest companies.
The Nasdaq 100 climbed amid gains for Apple Inc., Tesla Inc. and Microsoft Corp. The S&P 500 Index ended higher, though gains were limited after the top Senate Democrat said lawmakers said an aid package was unlikely before mid-March and a U.S. health official expressed concern about vaccination delays. GameStop Corp. extended its extreme volatility, more than doubling before paring most of the gains.
The picture was more negative in Europe, with equity benchmarks in France, Spain and the U.K. ending lower. The Stoxx 600 Travel & Leisure index lost 1.9 per cent amid news France may go into another lockdown, the U.K. may tighten border controls and as Israel moved to bar foreign flights from entering the country.
Tech leads stock gains ahead of megacap earnings
Katherine Greifeld, Bloomberg News VIDEO SIGN OUT
Technology shares led gains in U.S. stocks as investors awaited earnings from some of the biggest companies.
The Nasdaq 100 climbed amid gains for Apple Inc., Tesla Inc. and Microsoft Corp. The S&P 500 Index ended higher, though gains were limited after the top Senate Democrat said lawmakers said an aid package was unlikely before mid-March and a U.S. health official expressed concern about vaccination delays. GameStop Corp. extended its extreme volatility, more than doubling before paring most of the gains.
The picture was more negative in Europe, with equity benchmarks in France, Spain and the U.K. ending lower. The Stoxx 600 Travel & Leisure index lost 1.9 per cent amid news France may go into another lockdown, the U.K. may tighten border controls and as Israel moved to bar foreign flights from entering the country.
U S Stocks Turn Lower on Doubts Over Fiscal Aid: Markets Wrap swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
Asian stocks looked set to pull back from an all-time high Friday as investors assessed earnings expectations and the prospect economic growth will be bolstered by more U.S. fiscal spending. The dollar retreated. Futures slipped in Japan, Hong Kong and Australia. The S&P 500 Index eked out another record high Thursday as tech shares advanced. Risk appetite has gotten a boost this week from President Joe Biden’s push for nearly US$2 trillion in additional spending and plans to jump start a federal response to the pandemic. Benchmark Treasury yields remained higher after a small decline in initial jobless claims.