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S&P 500 scales new record high on tech boost 04/08/2021 | 11:47am EDT 1 Message : Required fields (Reuters) -The S&P 500 hit a record peak on Thursday, helped by gains in tech-related stocks as weaker-than-expected jobless claims data bolstered the Federal Reserve's stance to keep interest rates lower for a longer period. Apple Inc, Microsoft Corp, Alphabet Corp and Amazon.com Inc rose between 1% and 1.5% and were among the top boosts to the benchmark index. High-growth tech stocks have recovered in recent sessions as U.S. 10-year bond yield backed off from its 14-month peak, pushing the tech...

2 Min Read (Reuters) - GameStop Corp shares fell 12% on Monday after the video game retailer said it may sell up to $1 billion worth of stock as it takes advantage of a dizzying rally in its shares this year on the back of a Reddit-driven retail trading frenzy. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed GameStop logo in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo The company said it would sell up to 3.5 million shares and use the proceeds to speed up the shift in its business model to e-commerce in an overhaul being led by top...

The S&P 500 and the Dow hit record highs on Monday as investors cheered strong jobs data and looked for a report on the services sector with signals that 2021 could see the best annual economic growth in nearly four decades. An ISM survey for March is likely to show a jump in activity in the services sector, which accounts for more than two-thirds of US economic activity. The data is due at 10 a.m. ET (1400 GMT). The domestically focused small-cap Russell 2000 index rose 0.6 per cent as Friday's report showed US nonfarm payrolls surged by 916,000 jobs in March, well above 647,000 forecast ...

2 Min Read (Reuters) - GameStop Corp shares fell 12% on Monday after the video game retailer said it may sell up to $1 billion worth of stock as it takes advantage of a dizzying rally in its shares this year on the back of a Reddit-driven retail trading frenzy. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed GameStop logo in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration/File Photo The company said it would sell up to 3.5 million shares and use the proceeds to speed up the shift in its business model to e-commerce in an overhaul being led by top...

GameStop, whose stock has swung wildly since January, said Monday it plans to sell up to 3.5 million shares through an "at the market" offering that will grant the video game retailer flexibility to sell its stock incrementally at favorable prices, potentially raising $1 billion.