By Medha Singh and Sanjana Shivdas March 11 (Reuters) – U.S.stock indexes dropped sharply on Wednesday after attempting a rebound in the previous session, on skepticism around President Donald Trump’s stimulus plan to combat the coronavirus outbreak. The benchmark S&P 500 index was 17.6% below its all-time peak hit on Feb.19. If it closes 20%…
By Medha Singh and Lewis Krauskopf July 26 (Reuters) – Shares of U.S.retailers slid on Tuesday after a forecast cut from industry bellwether Walmart Inc stoked fears of a broader slowdown in spending as high inflation raises costs for consumers. Walmart shares tumbled over 8%, while shares of Amazon and Target were both down more…
By Medha Singh and Shivani Kumaresan Oct 30 (Reuters) – Wall Street’s major indexes tumbled on Friday, dragged down by a slide in shares of tech heavyweights following their quarterly results, with a record rise in coronavirus cases and nerves over the presidential election adding to a downbeat mood. The three main indexes were on…
By Caroline Valetkevitch NEW YORK, Feb 12 (Reuters) – U.S.stocks were mostly higher on Friday as investors awaited progress towards more U.S. fiscal stimulus and the dollar gained after several days of losses, while cryptocurrency Bitcoin eased after hitting a record high. MSCI’s gauge of stocks across the globe was on track to post gains…
By Chuck Mikolajczak NEW YORK, Nov 15 (Reuters) – The strength of the U.S.consumer has been often cited as a pillar of the economy and one of the reasons the S&P 500 has recently scaled new heights, but consumer discretionary stocks have skipped the party for several months. The S&P consumer discretionary sector hit a…
By Lewis Krauskopf, Shreyashi Sanyal and Devik Jain Oct 7 (Reuters) – Wall Street’s main indexes jumped on Thursday in a broad-based rally led by heavyweight technology shares, after a truce in the debt-ceiling standoff in the U.S.Congress relieved concerns of a possible government debt default this month. The U.S. Senate took a step toward…
By Medha Singh and Devik Jain Sept 14 (Reuters) – Wall Street’s major indexes climbed on Monday on a boost from technology stocks while signs of progress in developing a COVID-19 vaccine and a spurt of multi-billion dollar deals also brightened the mood. Nvidia Corp jumped 9.0% on plans to buy UK-based chip designer Arm…
By Sinéad Carew March 18 (Reuters) – The popularity of non-fungible tokens, a type of digital asset that is authenticated by blockchain, is spreading to equities as investors focus on shares of online art trading platforms and companies making NFT-related announcements, sparking outsize moves in their stocks. Shares of Sino-Global Shipping America Ltd., a shipping…
By Rodrigo Campos NEW YORK, Oct 30 (Reuters) – Stocks across the globe resumed their slide on Friday and oil posted a double-digit weekly fall on continued concern over the economic impact of rising global coronavirus infections and ahead of Tuesday’s U.S.presidential election. Global coronavirus cases rose by over 500,000 for the first time this…
By Devik Jain and Ambar Warrick Aug 27 (Reuters) – The S&P 500 and the Nasdaq hit record highs on Friday as Federal Reserve Chair Jerome Powell signaled the U.S.central bank will remain patient as it tries to nurse the economy back to full employment. In prepared remarks for a speech to the Jackson Hole…