Wall Street Edges Higher as Big Banks Kickstart Earnings Season

Investors shifted their focus to the beginning of the earnings season last week. US stocks started the week with a bang despite the stalled talks over fresh fiscal stimulus and rising covid-19 infections. Markets also turned their attention to the US Presidential elections scheduled for November 3. The strong momentum didn’t last long though. And,

By |2020-10-19T17:55:38+05:30October 19th, 2020|Finance|0 Comments

US Stocks Spike on Trump’s Improving Health, Stimulus Talks

News of improvement in US President Donald Trump’s health after testing positive for covid-19 helped Wall Street record sharp gains at the start of the week. Investors welcomed the news of Trump’s discharge Monday night from Walter Reed Medical Center. Stocks climbed despite markets remaining on tenterhooks around the progress in talks on the next

By |2020-10-12T14:10:44+05:30October 12th, 2020|Finance|0 Comments

Wall Street Notches Gains Despite Trump Testing Covid Positive

Although Wall Street got off to a strong start last week, the momentum soon faded with President Trump and first lady Melania Trump testing positive for covid-19. Donald Trump will now remain in quarantine, adding to the uncertainties around the US presidential elections. Trump testing covid-19 positive is expected to hurt its presidential campaign. Meanwhile,

By |2020-10-05T11:04:27+05:30October 5th, 2020|Finance|0 Comments

US Stocks in Red for Fourth Straight Week, Even Though Nasdaq Ends Losing Streak

After recording losses for three straight weeks, US stocks started another week on a downturn. Although some positive momentum kicked in later in the week, the rise was not enough to offset the heavy losses. Tech stocks bucked the trend and spiked, helping the Nasdaq end the week with gains. Investor sentiment was hurt by

By |2020-09-28T11:16:18+05:30September 28th, 2020|Finance|0 Comments

Wall Street Settles Lower Despite Fed Maintaining Interest Rates Near Zero

Last week started with a bang on Wall Street, as stocks looked to recover their previous week’s losses. However, the euphoria didn’t last long. Stocks pared back gains as the week progressed, with continued investor concerns around the slow pace of economic recovery. Lack of progress in talks of the next round of fiscal stimulus

By |2020-09-21T15:17:16+05:30September 21st, 2020|Finance|0 Comments

Wall Street Ends Lower Again Amid Continued Tech Sell-Off

US stocks started the holiday-shortened week on a sharply lower note, with the massive sell-off in tech stocks continuing. On Tuesday, the Nasdaq Composite index entered correction territory at the fastest speed in its history, plunging 10% over the previous three trading sessions. Although the number of jobless claims remained below the 1 million mark,

By |2020-09-14T11:57:59+05:30September 14th, 2020|Finance|0 Comments

Plummeting Tech Stocks Drive Sell-Off on Wall Street

Technology stocks started the week on a strong note as Apple’s 4-for-1 stock split came into effect Monday. Gains in Tesla’s shares, which surged around 13% on Monday following the 5-for-1 stock split, also helped the Nasdaq hit another record high on the first trading day of the week. The US Labor Department reported better-than-expected

By |2020-09-07T17:33:34+05:30September 7th, 2020|Finance|0 Comments

Dow Turns Positive for the Year Ahead of Major Restructuring

Wall Street stocks began the week heading north, with the S&P 500 and the Nasdaq Composite hitting new record highs, as investors cheered prospects of a new covid-19 treatment. The 30-stock Dow Jones index wiped off losses and turned positive for the year last week. Market sentiment was driven by news of the US FDA

By |2020-08-31T17:02:47+05:30August 31st, 2020|Finance|0 Comments

Strong Retail Earnings, Economic Data Provide Some Momentum to Wall Street

US stocks started the week on a positive note with Amazon and Tesla leading the rally, pushing the Nasdaq to another record high. Meanwhile, the S&P 500 also hit a record high, wiping out losses from the covid-19 sell-off. Sentiment was lifted by the US witnessing a slowdown in infections, while Pfizer and BioNTech expressed

By |2020-08-24T13:59:07+05:30August 24th, 2020|Finance|0 Comments

Slowdown in Infections Supports US Markets, Although Covid-19 Rescue Package Still Awaited

US stocks remained volatile last week, with investors growing increasingly concerned about the deadlock between the Congress and the White House over the new covid-19 rescue package. Although President Donald Trump signed orders last week to extend provide some relief, the legal status of these orders is still in question. Market sentiment was also hit

By |2020-08-17T16:54:14+05:30August 17th, 2020|Finance|0 Comments