Wall Street's main indexes opened higher on Tuesday, buoyed by gains in technology-related mega caps as inflation worries ebbed and U.S. bond yields eased for the fourth straight day.
Apple Inc gained 1.0% after posting sales and profits ahead of Wall Street estimates
Higher investments and muted growth in the products business can dent margins
One of the key drivers of the move in tech has been the Treasury market
(Reuters) - The benchmark S&P 500 hit a record high on Thursday, helped by gains in tech-related stocks, a day after the Federal Reserve reiterated its pledge to keep interest rates low until the economic recovery is more secure.
NEW YORK (Reuters) - The Nasdaq slid on Thursday as investors sold technology shares and bought underpriced stocks likely to do well on expectations the U.S. economy grows at its fastest pace in decades this year.
More businesses used its digital services to shift operations to the cloud
MSCI's broadest gauge index of Asia-Pacific shares outside Japan gained 0.45% on Friday morning, supported by tech gains
Technology-related stocks, including Facebook Inc, Apple Inc and Amazon.com Inc, fell between 1.3% and 3%
Acquisition of C&S Technologies is seen margin accretive and will augment exports
The Oslo-based fund generated $123 billion in returns in 2020, marking its second-best performance ever thanks in large part to tech stocks
High-flying growth stocks continued to be pressured by valuation concerns
Technology firm Honeywell on Wednesday announced setting up of a new segment under brand name Impact
(Reuters) - The Nasdaq index fell in volatile trading on Tuesday as investors sold off mega-cap growth stocks on valuation concerns, although Federal Reserve Chairman Jerome Powell's comments on the economy helped ease some selling pressure.
Asian shares were mostly higher Tuesday despite a sell-off of shares in technology companies on Wall Street. Japanese markets were closed for a national holiday. South Korea's Kospi slipped 0.4% in morning trading to 3,066.60. Australia's S&P/ASX 200 gained 0.6% to 6,821.70. Hong Kong's Hang Seng jumped 1.2% to 30,681.83, while the Shanghai Composite rose 0.3% to 3,653.62. Thankfully, for society at large, there is more optimism than fear today, with vaccines showing scientific results on the ground that validate efficacy and effectiveness over transmission, leading the world back to normality starting soon, said Stephen Innes, chief global markets strategist at Axi. Although the world's economies have been battered by the coronavirus pandemic, the deployment of COVID-19 vaccines is raising hopes for a recovery from the pandemic. On Wall Street, the S&P 500 fell 0.8% to 3,876.50, extending its losses to a fifth straight day. The benchmark index was just about evenly split ...
Shares have rallied 42% since November to a record high of Rs 5,876.05 on Jan 6, before taking a breather
Here's a selection of Business Standard opinion pieces for the day
There is no reason why the potential bubble in tech stocks will pop anytime soon
Investors had been expected to sell high-flying tech stocks and lock in current capital gains tax levels ahead of a strong Democratic showing in the election
The Dow Jones Industrial Average fell 86.84 points, or 0.33%, at the open to 26,572.27.