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Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labour market data. All three major United States stock indexes notched solid gains, with the Nasdaq, weighed by Tesla Inc, picking up the rear. Meanwhile, cyclical shares enjoyed the biggest gains. The Dow Jones Industrial Average rose 433.79 points, or 1.29 percent, to 34,021.45; the S&P 500 gained 49.46 points, or 1.22 percent, to 4,112.5; and the Nasdaq Composite Index added 93.31 points, or 0.72 percent, to close at 13,124.99. Recent economic data has pr...

The Straits Times US stocks end higher in 'buy the dip' session All three major US stock indexes notched solid gains, with the S&P 500 enjoying its biggest percentage gain in over a month.PHOTO: AFP PublishedMay 14, 2021, 4:43 am SGT https://str.sg/JvUL They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for ...

Wall Street closed lower on Wednesday with the S&P suffering its biggest one-day percentage drop since February, as inflation data fuelled concerns over whether interest rate hikes from the United States Federal Reserve could happen sooner than anticipated. All three major US stock indexes ended the session deep in the red following the US Department of Labor’s April consumer prices report, which showed the biggest rise in nearly 12 years. The Dow Jones Industrial Average fell 681.5 points, or 1.99 percent, to 33,587.66; the S&P 500 lost 89.06 points, or 2.14 percent, to 4,063.04; and the N...

TechnologyStrong user growth drives Bumble's revenue beat, upbeat forecast Reuters 2 minute read The Bumble Inc. (BMBL) app is shown on an Apple iPhone in this photo illustration as the dating app operator made its debut IPO on the Nasdaq stock exchange February 11, 2021. REUTERS/Mike Blake/Illustration Bumble Inc (BMBL.O) forecast current-quarter revenue above estimates on Wednesday after beating expectations for the first, as more people turned to its online dating app to socialize while staying indoors during the COVID-19 pandemic. The owner of the dating app that requires women to m...

Strong user growth drives Bumble's revenue beat, upbeat forecast 05/12/2021 22:55 (Reuters) -Bumble Inc forecast current-quarter revenue above estimates on Wednesday after beating expectations for the first, as more people turned to its online dating app to socialize while staying indoors during the COVID-19 pandemic. The owner of the dating app that requires women to make the first move said total paying users surged 30% in the first three months of the year to 2.8 million, driving a more than 40% jump in revenue. The company has added friendship and professional-focused features such as Bum...