Wall Street's major indices closes higher yesterday

October 12, 2023 5:30 PM

Wall Street's major indices closes higher yesterday

Wall Street's major indices closed higher yesterday after a choppy session with the release of minutes from the U.S. Federal Reserve's last meeting showing caution among policymakers that helped fuel investor hopes that rates would stay steady. The Dow Jones Industrial Average added 65.57 points or 0.2 percent, the S&P 500 gained 18.71 points, or 0.4 percent and the Nasdaq Composite Index rose 96.83 points, or 0.7 percent.

Wall Street ends lower as Oracle tumbles on weak forecast

September 13, 2023 4:46 PM

Wall Street ends lower as Oracle tumbles on weak forecast

Wall Street stocks ended lower as Oracle shares tumbled more than 13 per cent after a weak forecast and surging oil prices deepened worries about persistent price pressures ahead of crucial inflation readings this week. Oil prices jumped more than one per cent , building on a recent rally and stoking worries that sticky inflation could mean U.S. interest rates stay higher longer in the aftermath of strong economic data. The tech-heavy Nasdaq Composite index fell one percent, the S&P 500 lost...

Wall Street indexes end sharply higher after drop in monthly job openings

August 30, 2023 8:53 PM

Wall Street indexes end sharply higher after drop in monthly job openings

On Wall Street, key indexes ended sharply higher yesterday (29 August 2023), lifted by Tesla, Nvidia and other mega-cap growth stocks after a drop in monthly job openings cemented expectations of a pause in interest rate hikes by the US Federal Reserve. The Dow Jones Industrial Average added 293 points, or 0.9 percent, to 34,853. The S&P 500 climbed 64 points, or 1.5 percent, to end at 4,498. And the Nasdaq index jumped gained 1.7 percent, to 13,944. The Labor Department's Job Openings ...

US stocks rise as JP Morgan and other financial shares gains

July 12, 2023 6:11 PM

US stocks rise as JP Morgan and other financial shares gains

U.S. stocks rose yesterday helped by optimism ahead of key inflation reports and as JP Morgan and other financial shares gained.   The Dow Jones Industrial Average climbed 0.9 percent, the S&P 500 index gained 0.7 percent and the Nasdaq Composite rose 0.6 percent.

US stocks ends mixed amid mixed earnings and technical malfunction at opening bell

January 25, 2023 7:00 PM

US stocks ends mixed amid mixed earnings and technical malfunction at opening bell

The S&P 500 and the Nasdaq indices ended marginally lower while the Dow closed with gains yesterday. The US stocks ended mixed amid mixed earnings and a technical malfunction at the opening bell. The Dow Jones Industrial Average rose 0.3 percent while the S&P 500 slipped 0.1 percent and the Nasdaq Composite index fell 0.3 percent. 

US stocks closes lower on first trading day of 2023

January 4, 2023 6:25 PM

US stocks closes lower on first trading day of 2023

The US stocks closed lower, yesterday, on the first trading day of 2023. Wall Street's main indices fell with the biggest drags from Tesla and Apple, while investors worried about the Federal Reserve's interest-rate hiking path as they awaited minutes from its December meeting. The Nasdaq Composite index declined 0.8 percent and the S&P 500 fell 0.4 percent while the Dow Jones Industrial Average index ended flat. 

US stocks log robust gains, Facebook-parent rise 12.4 percent after stronger-than-expected profit

April 29, 2022 5:39 PM

US stocks log robust gains, Facebook-parent rise 12.4 percent after stronger-than-expected profit

The three major US stocks logged robust gains yesterday. US share indices rose as strong earnings from Meta Platforms lifted battered technology and growth stocks and offset concerns around a contraction in U.S. economic growth in the first quarter. The Facebook parent rose 12.4 percent after it reported a stronger-than-expected profit and the social-networking site eked out user growth. The Dow Jones Industrial Average index climbed 1.9 percent, the S&P 500 surged 2.5 percent and the Na...