Medha SinghLewis KrauskopfShashank Nayar 3 minute read A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo Wall Streetâs main indexes edged higher on Tuesday, with gains in energy and financial shares countering declines in tech and healthcare, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation. The S&P 500 financial sector (.SPSY) hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector (.SPNY) over 3%. The heavyweight tech sector (.SPLRCT) dipped while healthcare (.SPXHC) was dragged down by a weak profit forecast from Abbott Laboratories (ABT.N).
By Lewis Krauskopf, Shashank Nayar and Medha Singh (Reuters) - Wall Street s main indexes edged higher on Tuesday, with gains in energy and financial shares countering declines in tech and healthcare, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation. The S&P 500 financial sector hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector over 3%. The heavyweight tech sector dipped while healthcare was dragged down by a weak profit forecast from Abbott Laboratories. Data showed U.S. manufacturing activity picked up in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.
S&P 500 dips, as healthcare weighs; Dow ends higher - Netscape Money & Business netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
4 Min Read (Reuters) - The S&P 500 dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation. FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo The S&P 500 financial sector hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector 3.9%, its biggest one-day gain in nearly four months. The heavyweight tech sector fell while the healthcare sector was dragged down by a weak profit forecast from Abbott Laboratories.
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Week Ahead - Wall Street believes inflation will be transitory - MarketPulse marketpulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketpulse.com Daily Mail and Mail on Sunday newspapers.
Equities, yields rise as U.S. data shows economy gaining momentum thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
Significant portion of recent boost to inflation to be transitory: U.S. Fed official - World News sina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com Daily Mail and Mail on Sunday newspapers.
Tom Wilson 5 minute read World stocks were pinned down on Thursday as investors awaited U.S. data expected to offer clues on inflation, with further pressures widely seen as sparking a scaling back of central banks giant stimulus packages. The Euro STOXX 600 (.STOXX) was flat, regaining slim losses, with French shares (.FCHI) adding 0.5%. Indexes in Germany (.GDAXI) and London (.FTSE) were down 0.3% and 0.1% respectively. Losses of 0.3% in energy stocks (.SXEP) were offset by 2% gains in the mining sector (.SXPP), while British bank HSBC (HSBA.L)hit a three-month high before slipping into the red after a move to exit U.S. retail banking to focus on Asia. read more