Stocks ended higher in thin trade Friday, getting a lift from positive news on a coronavirus treatment. The Dow Jones Industrial Average rose around 369 points, or 1.4%, to end near 26,075, according to preliminary figures, while the S&P 500 advanced around 33 points, or 1%, to end near 3,185. The tech heavy Nasdaq Composite rose nearly 70 points, or 0.7%, to end near 10,617, marking its third consecutive record close. Stocks shed premarket weakness after drug maker Gilead Sciences Inc. released potentially promising data about remdesivir that indicates the experimental COVID-19 drug...
The S&P 500 and Nasdaq Composite rose on Tuesday, recovering from a decline earlier in the session, as shares of major tech companies such as Microsoft and Apple. The S&P 500 traded just above the flatline while the Nasdaq gained 0.8%. The Dow Jones Industrial Average lagged, falling 133 points, or 0.5%. Microsoft shares gained 1.6% to hit an all-time high. Apple also reached record levels, climbing 1.2%. Facebook and Netflix gained 2.9% and 1%, respectively, to trade at all-time highs as well. Source: CNBC
European markets closed lower Tuesday as concerns over the threat to economic recovery of new coronavirus cases in the U.S. and weak German data put the brakes on Mondays rally. The pan-European Stoxx 600 closed down by around 0.6% provisionally, with tech shares shedding 1.2% to lead losses as most sectors and major bourses slid into negative territory. German industrial production data came in weaker than expected on Tuesday morning, rising by 7.8% in May, a more modest rebound than the 10% expected by analysts polled by Reuters following a -17.5% contraction in April. Source: CNBC
U.S. stocks slipped at the open on Tuesday following the S&P 500 and the Nasdaqs five-day rally, as investors weighed the risks to the economy from tens of thousands of new coronavirus cases nationwide. The Dow Jones Industrial Average fell 115.02 points, or 0.44%, at the open to 26,172.01. The S&P 500 opened lower by 13.28 points, or 0.42%, at 3,166.44, while the Nasdaq Composite dropped 21.19 points, or 0.20%, to 10,412.46 at the opening bell. Source : Reuters
Stock futures pulled back in early trading Tuesday after a solid rally on Wall Street to start the week. Futures on the Dow Jones Industrial Average indicated an opening drop of more than 250 points. S&P 500 futures and Nasdaq 100 futures also traded in negative territory. The overnight action followed a strong day on Wall Street that saw the Dow jumping more than 450 points. The S&P 500 gained 1.5% on Monday for its fifth straight positive session, while the Nasdaq rose 2.2% to hit an all-time high. Source : CNBC
Hong Kong stocks finished Tuesday with deep losses following a healthy four-day rally, though mainland Chinese shares extended their latest advances. The Hang Seng Index shed 1.38 percent, or 363.50 points, to 25,975.66. The benchmark Shanghai Composite Index rose 0.37 percent, or 12.46 points, to 3,345.34 while the Shenzhen Composite Index on China's second exchange added 1.71 percent, or 36.35 points, to 2,157.94. Source : AFP