Technologies

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

4 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

4 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

4 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

4 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

4 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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Hyde Hotels to Open Its First International Property in Dubai

Hyde Hotels to Open Its First International Property in Dubai

The Hyde Hotels, Resorts & Residences brand today announced Dubai's first Hyde Hotel to open in Dubai Business Bay with four branded culinary experiences Read more ...

Southwest Airlines is delaying and canceling flights for the third day in a...

Southwest Airlines is delaying and canceling flights for the third day in a row as it tries to bounce back from technical issues that grounded its planes

Summary List Placement Southwest Airlines is delaying and canceling flights for the third day in a row as it continues to deal with the fallout from multiple issues that... Read more ...

Buy any dip in Tesla's stock because of its long-term growth potential, says...

Buy any dip in Tesla's stock because of its long-term growth potential, says a wealth manager at a $1.2 billion firm

Summary List Placement Traders should buy Tesla any time there's an opportunity, according to one investor. Michael Bapis, managing director of a private-wealth management firm... Read more ...

Michael Saylor broke down MicroStrategy's bitcoin strategy, how it's a...

Michael Saylor broke down MicroStrategy's bitcoin strategy, how it's a better inflation hedge than gold and what role ethereum plays in a recent interview. Here are the 10 best quotes

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Hilton to Open Six New Hotels in France by Year End

Hilton to Open Six New Hotels in France by Year End

Hilton prepares to welcome guests to six new hotels across France before the end of the year, including the country's first Tapestry Collection by Hilton hotels Read more ...

Hog futures in China tumble to record low amid fears of pork oversupply

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COVID-19 Webinar Summary: 5 Key Points on Europe Hotel Performance, 11 June...

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While Europe prepares for the summer months, hotel performance levels remain low. The U.K. is the outlier most recently, however, with a 59.5% occupancy level on a rolling... Read more ...

Lumber and copper prices have further to slide as speculation dies down and...

Lumber and copper prices have further to slide as speculation dies down and supply catches up, a top commodity strategist says

Summary List Placement The dramatic slide in lumber and copper prices has further to go, as speculators pull out of the market and supply catches up with demand, Saxo Bank's... Read more ...

Metal prices fall as China says it will release state stockpiles in effort...

Metal prices fall as China says it will release state stockpiles in effort to control a soaring commodities rally

Summary List Placement Most metal prices in London and Shanghai fell early Wednesday before paring back losses as China ramped up its campaign to rein in commodity prices that... Read more ...

Digital health companies are outgrowing highly specific markets. One expert...

Digital health companies are outgrowing highly specific markets. One expert says that's fueling the consolidation wave overtaking the industry

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