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US Stocks End Higher With S&P 500 Settling Above 4,000 For First Time

US stocks ended the holiday-shortened week on a strong note, with tech shares leading the rally. Investors once again started buying tech stocks on the easing of bond yields from their recent highs. The 10-year Treasury yield slipped 7 basis points to about 1.68% on Thursday, after hitting a 14-month high of around 1.77% in

By |2021-04-05T22:11:35+05:30April 5th, 2021|Finance|0 Comments

Wall Street Settles Last Week Mostly Lower, Despite Decline in Covid-19 Cases

US stocks ended the holiday-shortened week on a cautious note, amid a rise in Treasury bond interest rates. US Secretary of the Treasury Janet Yellen told reporters that further fiscal stimulus is needed to help the country get back to full employment, despite some economic reports pointing towards a recovery. Meanwhile, the Labor Department reported

By |2021-02-22T10:44:56+05:30February 22nd, 2021|Finance|0 Comments

US Stocks Record Best Week Since November Despite Weak NFP Report

US stocks started last week on a strong note, driven by hopes of additional stimulus from the Biden administration. Wall Street wrapped up a solid week, with the S&P 500 and Nasdaq closing at fresh highs on Friday, despite a mixed non-farm payrolls (NFP) report for January. The US Labor Department reported an addition of

By |2021-02-08T10:49:27+05:30February 8th, 2021|Finance|0 Comments

Wall Street Nosedives on Speculative Trading

Wall Street experienced a rollercoaster ride last week with heightened speculative trading driving severe volatility. Shares of GameStop jumped around 400% in heavy trading during the week, fueled by Reddit posts. The stock of this dying company with an outdated business model spiked after retail traders came together to push share prices higher after reading

By |2021-02-01T10:40:21+05:30February 1st, 2021|Finance|0 Comments

Nasdaq Hits Another Record High, as Joe Biden Takes Over as US President

Wall Street closed higher last week, as Joe Biden was sworn in as the 46th President of the United States. Markets recorded sharp gains on the inauguration day of the new President but soon lost some steam, as investors assessed Biden’s proposed $1.9 trillion pandemic relief package, which includes direct payments of $1,400 for Americans. During his speech, Biden

By |2021-01-26T11:25:57+05:30January 25th, 2021|Finance|0 Comments

US Stocks Record Gains in First Week of 2021, Congress Confirms Biden As Next President

US stocks started off 2021 with a massive downturn on Monday, after ending the previous year on a strong note. Markets turned higher after the slump on prospects of higher government aid with the Democrats winning the Senate race in Georgia. The Congress also confirmed Joe Biden’s win as the US President last week a

By |2021-01-11T10:49:20+05:30January 11th, 2021|Finance|0 Comments

What’s in the IPO Pipeline for 2021?

Last year was a phenomenal year for IPOs, with various companies raising a record $167.2 billion. The previous record was set at the apex of the “dotcom bubble” ($107.9 million). Nearly half the amount in 2020 was raised by an uptrend of Special Purpose Acquisition Companies (SPACs), allowing the market to participate in private equity

By |2021-01-06T15:07:50+05:30January 6th, 2021|Finance|0 Comments

Wall Street Ends 2020 On Strong Note Following Upbeat Jobless Claims Data

US stocks closed higher on the last trading day of the week, also wrapping a year in which the markets went through a rollercoaster ride. Wall Street plummeted sharply in February and March with the coronavirus outbreak spreading outside China, which forced several countries to impose lockdown restrictions, bringing economic activity to a grinding halt.

By |2021-01-04T10:48:05+05:30January 4th, 2021|Finance|0 Comments

US Stocks Close Mixed During Holiday-Shortened Week, Markets Cautious Over Stimulus Package

US stocks started the holiday-shortened week on a mixed note, with traders monitoring news of a new variant of coronavirus detected in the UK. Meanwhile, investors also welcomed news of lawmakers agreeing to a $900 billion covid-19 aid package. Markets became cautious, however, after President Donald Trump raised concerns about the package, calling it “a disgrace” and

By |2020-12-28T10:44:57+05:30December 28th, 2020|Finance|0 Comments

Wall Street Gained Last Week with FDA Approval of Another Covid-19 Vaccine

Wall Street climbed to record highs last week despite starting the week on a negative note. Hopes of US lawmakers passing the covid-19 relief bill and another pharma giant receiving FDA clearance for its vaccine candidate spurred optimism among investors. Capitol Hill leaders said they were close to reaching a deal to provide an additional

By |2020-12-21T21:46:45+05:30December 21st, 2020|Finance|0 Comments