Technologies

Stocks notch modest gains and a 3rd winning week for S&P 500

5 days ago   |   By Stl Today

Stocks shook off a wobbly day of trading and ended modestly higher on Wall Street, giving the S&P 500 its third weekly gain in a row. The index added 0.2% Friday, led by technology and banks. Bond yields fell this...
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How major US stock indexes fared Friday

How major US stock indexes fared Friday

5 days ago   |   By Chron

Stocks shook off a wobbly day of trading and ended modestly higher on Wall Street Friday, giving the S&P 500 its third weekly gain in a row.
Bond yields fell this week despite reports showing the economy is gaining strength as well as some signs of inflation. Investors will be closely watching next week's meeting of Federal Reserve policymakers for their assessment of how much of a threat inflation may poise as the economy emerges from its pandemic-induced recession.
On Friday:
The S&P 500 rose 8.26 points, or 0.2%, to 4,247.44.
The Dow Jones Industrial Average rose 13.36 points, or less...
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S&P 500 notches another record high as recovery optimism overtakes inflation concerns

S&P 500 notches another record high as recovery optimism overtakes inflation concerns

5 days ago   |   By Business Insider

Summary List Placement The S&P 500 notched another record high to end the week as investors remain optimistic the the economy is on the way up and inflationary pressures will be short lived.
"Inflation is being pushed higher on supply chain issues and pent-up consumer spending, all of which should start to ease around the end of summer," Ed Moya, senior market analyst at foreign exchange firm Oanda, said in a note.
For the week, the S&P 500 and the tech-heavy Nasdaq rose modestly, while the Dow Jones inched lower.
"The next few trading sessions will likely see modest positioning ahead of...
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S&P 500 notches another record high as recovery optimism overtakes inflation concerns

5 days ago   |   By Business Insider

Deutsche Bank said retail investors have been key players in the stock market rally
Johannes Eisele/Getty Images
The S&P 500 closed at a record high Friday as investor optimism around the recovery overshadows inflation concerns.
The benchmark index on broke both its intraday and closing records the previous day as well.
Lumber fell for the eighth straight day to trade at $1,059.20 per thousand board feet on Friday.
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The S&P 500 notched another record high to end the week as investors remain optimistic the the economy...
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Stocks stall, S&P 500 still on track for a 3rd weekly gain

5 days ago   |   By Chron

Stocks stalled in afternoon trading Friday, though the S&P 500 is still on pace for its third weekly gain in a row.
A day after inching to an all-time high, the S&P 500 was up less than 0.1% as of 2:14 p.m. Eastern, after spending much of the day in the red. The Dow Jones Industrial Average fell 35 points, or 0.1%, to 34,430 and the Nasdaq Composite rose 0.2%. With the exception of the Dow, the indexes are on pace to close the week higher.
Investors bid up shares in smaller company stocks, which pushed the Russell 2000 index 0.8% higher. The Russell is up 17.9% this year, outgaining the...
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Gold slides almost 3% after the Fed hints at faster rate hikes, sending...

Gold slides almost 3% after the Fed hints at faster rate hikes, sending investors hunting for yield

Summary List Placement Gold prices fell almost 3% on Thursday, marking their largest one-day slide since January, after the Federal Reserve indicated it may raise US interest... Read more ...

El Salvador asks World Bank for help implementing bitcoin - but quickly gets...

El Salvador asks World Bank for help implementing bitcoin - but quickly gets rejected over mining's climate impact

Summary List Placement El Salvador has asked the World Bank for help implementing bitcoin as legal tender, only to be swiftly rejected, with the international organization... Read more ...

Asian stocks follow Wall St lower on Fed hints at rate hikes

Asian stocks follow Wall St lower on Fed hints at rate hikes

BEIJING - Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. Read more ...

Bipartisan infrastructure group swells to 20 senators

Bipartisan infrastructure group swells to 20 senators

WASHINGTON - A bipartisan senators' group working on a $1 trillion infrastructure compromise doubled in size to 20 members Wednesday, a key threshold that gives momentum to... Read more ...

Millions fear eviction as US housing crisis worsens

Millions fear eviction as US housing crisis worsens

NEW YORK - More than 4 million people say they fear being evicted or foreclosed upon in the coming months, just as two studies released Wednesday found that the nation's... Read more ...

A Republican congressman refused to shake hands with a DC police officer...

A Republican congressman refused to shake hands with a DC police officer beaten by Trump loyalists on Jan. 6, according to 2 House members

Summary List Placement Rep. Andrew Clyde, a Georgia Republican who has downplayed the Jan. 6 Capitol riot, refused to shake hands with Michael Fanone, a Washington, DC... Read more ...

Stocks down, yields up as Fed discusses dialing back support

Stocks down, yields up as Fed discusses dialing back support

NEW YORK - U.S. stocks fell and bond yields climbed Wednesday after the Federal Reserve signaled it may start easing off the accelerator on its massive support for the economy... Read more ...

4 unhealthy aspects of the current US economy, according to Janet Yellen

4 unhealthy aspects of the current US economy, according to Janet Yellen

Summary List Placement The coronavirus pandemic has thrown into relief some of the hidden realities of the American economy, from low wages to income inequality. But in... Read more ...

CureVac's COVID-19 shot just failed in a large trial, a major setback for...

CureVac's COVID-19 shot just failed in a large trial, a major setback for the Gates-backed biotech

Summary List Placement A COVID-19 vaccine candidate developed by the German biotech CureVac failed in a critical late-stage study, the company said Wednesday. It's the first... Read more ...

The top creator economy hires and company launches of the week - from DBA...

The top creator economy hires and company launches of the week - from DBA talent signings to Sway's new venture

Summary List Placement TikTok creators Josh Richards and Griffin Johnson first rose to fame by posting fratty videos while living in Sway LA , a TikTok content house. But the... Read more ...