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By Joe Wallace and Gunjan Banerji U.S. stocks staged a powerful rebound following their steepest selloff since October, but recorded losses for the week. The week was marked by sharp stock swings in both directions, with a recent stock-market rally almost as strong as the initial selloff, as investors parsed inflation data. The S&P 500 rose 61.35 points, or 1.5%, to 4173.85 on Friday, with gains accelerating in the afternoon. The Dow Jones Industrial Average added 360.68 points, or 1.1%, to 34382.13. The Nasdaq Composite advanced 304.99 points, or 2.3%, to 13429.98. The gains built on a rally that began Thursday, when major indexes snapped a three-session losing streak. ....
Stocks Rally but Remain Poised for Weekly Losses morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Stock Gains Accelerate in Afternoon Trading 05/14/2021 | 01:33pm EDT Send by mail : Message : By Joe Wallace and Gunjan Banerji U.S. stocks staged a powerful rebound Friday following their steepest selloff since October, but remained on track to record losses for the week. The week has been marked by sharp stock swings in both directions, with a recent stock-market rally almost as strong as the initial selloff as investors have parsed inflation data. The S&P 500 rose 1.6% in recent trading, with gains accelerating in the afternoon. The Dow Jones Industrial Average added about 400 points, or 1.2%. The Nasdaq Composite advanced 2.4%. The gains build on a rally that began Thursday, when major indexes snapped a three-session losing streak. ....
Traders Magazine 0 Shares Ed Tilly, chairman, president and chief executive of Cboe Global Markets, said on the exchange group’s first quarter results call that one of the top priorities is global expansion of its data and analytics offering. Catherine Clay, executive vice president, has the responsibility of delivering this aim as she has been appointed head of a newly created division, Data and Access Solutions. In March this year Cboe announced the combination of Information Solutions with Market Data and Access services. Clay was promoted from senior vice president, Information Solutions, and joins Cboe’s executive leadership team in her new role. ....
By Syndicated Content Apr 20, 2021 9:04 AM NEW YORK (Reuters) - Options on Coinbase Global Inc started trading on Tuesday, less than a week after the U.S. cryptocurrency exchange s closely watched market debut on Nasdaq. Monthly options contracts on Coinbase shares started trading for the first time on all U.S. options exchanges, including ones run by Cboe Global Markets, the Nasdaq and the Intercontinental Exchange, on Tuesday. Nearly 1,000 Coinbase options contracts changed hands in the first 10 minutes of trading, with calls outnumbering puts slightly, data from options analytics firm Trade Alert showed. Puts convey the right to sell the stock at a set price at a future date, while calls provide the right to buy it at a certain price at a date down the road. ....