Tag: Wall

Wall Street gains, but S&P 500 still faces 4th weekly loss

U.S. stocks are higher Friday afternoon but the S&P 500 is still heading for a fourth straight week of losses amid Wall Street’s sudden September swoon

NEW YORK — U.S. stocks are higher Friday afternoon, but the S&P 500 is still heading for a fourth straight week of losses amid Wall Street’s September swoon.

The S&P 500 was 0.4% higher after flip-flopping between small gains and losses a few times after trading opened. Stocks have been erratic recently, and indexes have taken several sharp turns in momentum each day.

The S&P 500 is still on pace for a loss of 1.8% this week, which would give the index its first four-week losing streak in more than a year. The decline for September

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Wall Street yo-yos as S&P 500 heads for 4th weekly loss

NEW YORK (AP) — U.S. stocks are wobbling Friday morning, as the S&P 500 heads for a fourth straight week of losses amid Wall Street’s sudden September swoon.

The S&P 500 was 0.1 percent higher after flip-flopping between small gains and losses a few times after trading opened. Stocks have been erratic recently, and indexes have taken several sharp turns in momentum each day. The S&P 500 is still on pace for a loss of 2.1 percent this week, which would give the index its first four-week losing streak in more than a year.

The Dow Jones Industrial Average was down 11 points, or less than 0.1 percent, at 26,803, as of 10:26 a.m. Eastern time, and the Nasdaq composite was 0.6 percent higher.

Smaller stocks were faring slightly better, and the Russell 2000 index of small-cap stocks was 0.9 percent higher.

Stocks have struggled this month amid a long

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Wall Street retreats as business activity slows

By Sagarika Jaisinghani and Devik Jain

Sept 23 (Reuters)Wall Street’s main indexes fell on Wednesday as data showed domestic business activity slowed in September, although a record high for Nike following a strong quarterly earnings report capped declines on the blue-chip Dow.

Nine of the 11 major S&P indexes were down in morning trading, with energy .SPNY – already the worst performing sector this year – leading declines. O/R

Hopes of a stable economic rebound from a pandemic-led recession, combined with historic fiscal and monetary stimulus, had driven a rally in the three main U.S. stock indexes since a coronavirus-driven crash in March.

However, doubts over the next coronavirus relief bill as well as a selloff in heavyweight technology-related stocks have weighed on sentiment this month, with Wall Street favorites including Facebook Inc FB.O, Apple Inc AAPL.O and Amazon.com Inc AMZN.O bearing the brunt of the

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Global Markets Lower After Wall St Declines for Third Week | Business News

By JOE McDONALD, AP Business Writer

BEIJING (AP) — Global stock markets and U.S. futures tumbled Monday after Wall Street fell for a third straight week and investors were rattled by U.S.-Chinese tension over technology and security and a rise in British coronavirus infections.

London and Frankfurt opened lower and Shanghai, Hong Kong and Seoul retreated. Japanese markets were closed for a holiday.

On Friday, Wall Street’s benchmark S&P 500 lost 1.1%, led by a sell-off of tech companies that led this year’s rebound. Investors worry they might have become to expensive.

Market momentum shifted after the Federal Reserve said last week the U.S. economic outlook is uncertain. Growth in some industries has slowed after additional unemployment benefits that supported consumer spending expired. Lawmakers have yet to agree on a new support package ahead of elections for president, Congress and some Senate seats.

“With 43 days to the U.S. election,

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Asian markets lower after Wall St declines for third week

BEIJING (AP) — Asian stock markets were lower Monday after Wall Street declined for a third straight week and Britain reported a rise in coronavirus infections.



People wearing face masks walk past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Sept. 21, 2020. Asian stock markets were mostly lower Monday after Wall Street declined for a third week and Britain reported a rise in coronavirus infections. (AP Photo/Vincent Yu)


© Provided by Associated Press
People wearing face masks walk past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Sept. 21, 2020. Asian stock markets were mostly lower Monday after Wall Street declined for a third week and Britain reported a rise in coronavirus infections. (AP Photo/Vincent Yu)

Benchmarks in Shanghai, Hong Kong, Seoul and Sydney retreated. Japanese markets were closed for a holiday.

On Friday, Wall Street’s benchmark S&P 500 index lost 1.1%, led by a sell-off of tech companies that led this year’s rebound. Investors worry they might have become to expensive.



People wearing face masks walk past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Sept. 21, 2020. Asian stock markets were mostly lower Monday after Wall Street declined for a third week and Britain reported a rise in coronavirus infections. (AP Photo/Vincent Yu)


© Provided by Associated Press
People wearing face masks walk past a bank’s electronic board showing the Hong Kong share index at

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Stock futures are flat as Wall Street tries to recover from 3-week losing streak

People visit the Charging Bull Statue during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 25, 2020.

Tayfun Coskun | Anadolu Agency | Getty Images

U.S. stock futures were little changed on Sunday night as the market tried to bounce back from its longest weekly losing streak in about a year.

Dow Jones Industrial Average futures traded 17 points lower, or 0.1%. S&P 500 futures hovered below the flatline and Nasdaq 100 futures climbed 0.2%.

The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all fell for a third straight week. That marks the market’s longest weekly slide since 2019.

Those declines came as tech shares — which led the broader market off its coronavirus lows and into record territory — struggled. Facebook, Amazon, Apple, Netflix, Google-parent Alphabet and Microsoft all posted steep weekly losses. The S&P 500 tech sector pulled back by 1%.

Tech

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Wall Street looks to pad this week’s gains

BY THE NUMBERS

U.S. stock futures were pointing to a mixed open Friday on Wall Street, with recently beaten-up tech stocks getting a boost. The Nasdaq on Thursday dropped 1.3% and briefly dipped back into a correction, down 10% from its Sept. 2 record highs. The Dow Jones Industrial Average, down as much as 384 points and at one stage positive, closed 130 points or 0.5% lower, ending a four-session winning streak. The S&P 500 lost 0.8% on Thursday. After last week’s downturn, the three benchmarks were up for this week ahead of Friday’s trading. (CNBC)

* Cramer: ‘I think it’s time to start putting cash to work’ (CNBC)

The big week for initial public offerings brings Unity to Wall Street on Friday. The video game software developer on Thursday evening priced shares at $52 after lifting the anticipated range Wednesday to $44 to $48 per share. Unity wraps up

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Wall Street tries to build on recovery from last week

BY THE NUMBERS

U.S. stock futures were pointing to further gains at Tuesday’s open as the Federal Reserve begins its two-day September meeting. Optimism toward a coronavirus vaccine sparked a broad market rally Monday after last week’s declines. The Dow Jones Industrial Average was up 327 points or 1.2%. The 30-stock benchmark also closed higher Friday. (CNBC)

The S&P 500 was up 1.3% on Monday. The Nasdaq, led by a bounce in tech stocks after last week’s rout, was the big winner on the day, up 1.9%. Apple shares, which gained 3% on Monday, rose again in the premarket ahead of the tech giant’s virtual product launch event Tuesday afternoon. After the stock market close, FedEx is set to report fiscal first-quarter earnings. (CNBC)

* Here are two new health features Apple could announce for the Apple Watch (CNBC)

In the first CNBC Fed Survey since the central bank announced

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Wall Street rally gains steam, with the Dow up 400 points as tech rebounds

Stocks rose on Monday, led by tech, amid a slew of corporate dealmaking activity as the market tried to recover from its first back-to-back weekly declines in months.

The Dow Jones Industrial Average traded 400 points higher, or 1.4%. The S&P 500 climbed 1.74% and the Nasdaq Composite jumped 2.4%. 

Shares of Apple were higher by 2.1%. The market has been following in the footsteps of its rally leader. Apple shares are down 11% this month.

Tesla shares rebounded by more than 7%. The once-surging stock is down more than 25% in September after it failed to gain entry into the benchmark S&P 500, something investors were anticipating.

Tech sentiment was lifted by news of Nvidia buying chipmaker Arm Holdings from SoftBank for $40 billion. Nvidia will finance the deal through a combination of cash and common stock. Nvidia was up 6.2%. Other chipmakers also gained, including AMD, Micron and

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Tech Falters Again as Wall Street Ends Worst Week in Months | Business News

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA, AP Business Writers

NEW YORK (AP) — Wall Street closed out its worst week since June with another day of churning trading Friday, as big technology stocks resumed their suddenly weakened ways.

The S&P 500 rose 1.78, or 0.1%, to 3,340.97, but only after a roller-coaster day where a gain of 0.9% gave way to a loss of 0.9%. It kept swinging up and down after that, the latest examples of the lightning-quick shifts in momentum that have rocked Wall Street recently. Through the tumultuous week, the S&P 500 lost 2.5% to clinch its its first back-to-back weekly loss in four months.

The Nasdaq composite, which includes many of the superstar tech stocks that have been the focus of the market’s recent selling, lost 66.05, or 0.6%, to 10,853.55 after also flip-flopping between gains and losses. Its 4.1% drop for the

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