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| 01 December, 2020, 02:09 AM IST | E-Paper
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    Dow Jones gains, Nasdaq hits record high as holiday shopping begins

    The Nasdaq outperformed as investors favored tech-related, market-leading stocks that have fared well during the pandemic, while economically sensitive cyclical stocks weighed.

    Nasdaq closes higher with tech stocks back in favor

    After falling sharply for two days, the tech-heavy Nasdaq was boosted by "stay-at-home" stocks such as Microsoft , Amazon.com Inc, Apple Inc and Netflix Inc, which advanced in Wednesday's session.

    Nasdaq retreats as technology stocks lose favor

    The Dow Jones Industrial Average rose 262.95 points, or 0.9%, to 29,420.92, the S&P 500 lost 4.97 points, or 0.14%, to 3,545.53 and the Nasdaq Composite dropped 159.93 points to 11,553.86.

    Nasdaq to buy financial fraud detection firm Verafin for $2.75 billion

    While Nasdaq is best known for operating exchanges in the United States and globally, it is also a provider of market technology to banks and other financial institutions.

    Japan shares end at over 29-1/2-year high as Nasdaq gains cheer tech stocks

    The Nikkei share average ended up 0.91% at 26,537.31, its highest closing level since April 1991. There were 101 advancers on the index against 118 decliners.

    S&P, Nasdaq close higher as stimulus talks in spotlight

    Uncertainty over the timeline of the relief legislation has been weighing on Wall Street's major indexes in recent sessions, with all three indexes posting declines for the week.

    Day-trader options action is spotted yet again in Nasdaq surge

    Such lockstep moves hearken to August and early September, when stocks and volatility rose together just before a swift reversal that sent the Nasdaq 100 into a correction.

    Ahead of Market: 11 things that will decide stock action on Tuesday

    Normally, a formation of Doji after a reasonable up move could be an alert of a possible trend-reversal, which can be confirmed with weakness in the subsequent weeks, said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.

    Dow Jones slips at the open, still set for stellar November

    The Dow Jones Industrial Average fell 253.86 points, or 0.85%, at the open to 29,656.83.

    Asian shares mixed despite record high S&P 500

    Japan's benchmark Nikkei 225 was up less than 0.1% at 26,657.18.

    Dubai to launch 'Nasdaq' market for emerging firms, SMEs

    The Nasdaq Dubai Growth Market will allow SMEs to list if they are valued below $250 million, with a minimum operating history of one year, compared to three years for Nasdaq Dubai's main market, the Dubai Media Office said.

    'Nasdaq whale' closes more large options trades

    The trade marks the first closure among the call spreads believed to be tied to SoftBank, and it could prompt speculation on whether it is "just a one-off or the beginning of a trend," Murphy said.

    S&P 500, Dow retreat from record highs after bleak jobless data

    The S&P 500 and the Dow Jones Industrial Average retreated from record closing highs, pulled lower by cyclicals and small caps that drove the rally earlier in the week.

    Dow Jones jumps over 300 pts on Biden transition, rebound hopes

    Wall Street opened higher on Tuesday as the formal go-ahead for President-elect Joe Biden's transition to the White House ended weeks of political uncertainty, while Tesla surged 3.3% to cross $500 billion in market capitalization for the first time. The Dow Jones Industrial Average rose 323.84 points, or 1.09%, at the open to 29,915.11.Dow Jones jumps over 300 pts on Biden transition, rebound hopes

    Dow hits 30,000 on vaccine progress, Biden transition

    Of the 11 major S&P sectors, 10 gained ground, led by economically sensitive stocks such as financials, materials and energy, while industrials hit a record.

    Ahead of Market: 12 things that will decide stock action on Tuesday

    Rahul Sharma, market strategist and research head, Equity99 Advisors, said, “Markets settled higher on prospects of an early rollout of Covid-19 vaccines, which would prevent further lockdowns.”

    US stocks rise on cyclical boost but megacaps curb gains

    Cyclical sectors led gains, with energy ahead by more than 5% and industrials and financials each up more than 1%, as data showed monthly business activity expanded at the fastest rate in more than five years.

    Asian shares rise as investors count on vaccine relief

    "With the vaccine on its way and the likelihood that economic damage being done by the virus will lift, we'll still have in place substantial support from central banks and governments. And that is an economic sweet spot that should see a significant economic bounce," said Michael McCarthy, chief market strategist at CMC Markets in Sydney.

    Wall Street closes lower as surging COVID-19 cases offset vaccine hopes

    Throughout the week, the ebb and flow of vaccine news and spiking infections had investors oscillating between economically-sensitive cyclical stocks and pandemic-resistant market leaders.

    S&P 500, Dow slip on earnings worries, stimulus uncertainty

    Investor sentiment sagged after the White House said a deal on COVID-19 relief could come in "weeks," meaning a deal is unlikely before the Nov. 3 election.

    Wall Street closes higher as new stimulus talks ease shutdown worries

    All three major stock indexes got a healthy boost after Senate Minority Leader Chuck Schumer said Senate Majority Leader Mitch McConnell had agreed to revive talks to craft a new fiscal relief package.

    Sebi readies fresh draft for Nasdaq-like trading platform

    Two key suggestions include having Indian family offices, a number of which are largely structured as trusts to be added to the list of accredited investors, which currently have only individuals and body corporates, and making the delisting norms easier, to facilitate more potential mergers and acquisitions and exits.

    Wall Street ends lower as Nasdaq rout persists

    At its lowest point of the day the tech-heavy Nasdaq fell as much as 9.9% from its record high reached on Wednesday and the S&P 500 dipped briefly below its pre-crisis record, reached in February, although it too closed well off session lows.

    Wall St dives as shutdown worries overshadow vaccine hopes

    While the three major U.S. stock indexes oscillated through much of the day, with economically-sensitive cyclicals and small caps leading the way, they closed sharply in the red.

    Wall Street closes lower as shutdown worries loom

    But a recent surge in new coronavirus cases across the United States has led several governors to enact new restrictions to prevent the disease from spiraling out of control.

    Asia markets mixed but tech tracks Nasdaq surge

    Traders were also keeping an eye on Washington after Treasury Secretary Steven Mnuchin said he would reach out to the Democrats to work on pushing through a new stimulus package for the beleaguered US economy.

    Ahead of Market: 12 things that will decide stock action on Tuesday

    Nifty is approaching an upper end of a major rising channel placed at 12,850-12,900. A failure to take out this resistance can trigger profit booking in the coming trading weeks.

    S&P 500, Dow close at all-time highs on reignited vaccine hopes

    All three major U.S. stock indexes advanced and with its new closing record, the blue-chip Dow is the last of the three to reclaim levels reached in February, before lockdowns sent the markets into free-fall.

    Wall Street closes higher, trade choppy as U.S. stimulus talks eyed

    Trading on Wall Street this week has been driven by a flurry of reports related to developments in the stimulus talks.

    Wall Street closes higher, trade choppy as US stimulus talks eyed

    U.S. House of Representatives Speaker Nancy Pelosi reported progress in talks with the Trump administration for another round of financial aid and said legislation could be hammered out "pretty soon".

    Airbnb sets stage for blockbuster market debut, looks at Nasdaq listing

    Earlier this month, Reuters reported the company was aiming to raise $3 billion in its IPO, which could give it a valuation of more than $30 billion, and that it was targeting a listing before the end of the year.

    Ahead of Market: 12 things that will decide stock action during Muhurat trading

    Vinod Nair of Geojit Financial Services said, the market is currently in a stable state and is looking forward to next week’s WPI & Trade data release.

    S&P boasts record close with earnings reports adding to vaccine fueled optimism

    After a volatile trading week where the market was whipsawed between hopes and fears around the virus, Cisco Systems Inc provided the biggest boost to the S&P 500 after its quarterly report showed a work-from-home driven surge in demand.

    Ahead of Market: 12 things that will decide stock action on Friday

    Chandan Taparia of Motilal Oswal Financial Services said, the index has to continue to hold above 12,550 zones to witness an up move towards 12,800 and 12,900 zones while on the downside major support exists at 12,430 zones.

    Wall Street ends sharply lower as pandemic fears resurge

    The blue-chip Dow was pulled down by industrial and financial companies sensitive to economic growth, with Boeing Co and Goldman Sachs each down more than 2%.

    Options buyers shift to US value stocks on vaccine hopes

    Demand for call options, used to position for gains in equities, has surged in the past week among travel and leisure companies whose shares slid under months of coronavirus-fueled lockdowns and travel restrictions, including United Airlines Holdings Inc, Marriott International Inc and Wynn Resorts Ltd.

    Unswayed by Nasdaq rout, global investors stick to buying the dip

    Most money managers are either looking to buy the dip or sticking to their stock bets on expectations that stimulus measures and an economic recovery will support stock prices and offset concerns linked to the U.S. election and the development of a successful coronavirus vaccine.

    World’s biggest ETF lures $9.8 billion in a day on vaccine hope

    State Street’s SPDR S&P 500 ETF Trust (SPY) just added $9.8 billion in a single day, according to data compiled by Bloomberg. That was the most in one session since December 2019, and one of the $319 billion fund’s three best days in more than a decade.

    China stocks close lower after inflation eases in October

    China's factory-gate prices fell at a sharper-than-expected pace in October, indicating tepid upstream demand for industrial goods despite a broader economic recovery.

    Dalal Street to Wall Street, bulls are in party mode on the back of Biden win, vaccine news

    Joe Biden's victory in the US presidential election on Saturday added fuel to the stock market fire on Monday with the Nifty and the Sensex shattering old records and setting new ones. The announcement by the drug companies came after the Indian markets were closed for trading.

    Ahead of Market: 12 things that will decide stock action on Tuesday

    Chandan Taparia of Motilal Oswal Financial Services said, the index has to continue to hold above 12,300 zones to witness an up move towards 12,600 and 12,750 zones, while on the downside, major support exists at 12,222 and 12,131 zones.

    Wall Street rallies on coronavirus vaccine trial results

    U.S. crude oil rose more than 8% and pushed up energy stocks while safe-haven U.S. Treasuries sold off after U.S. drugmaker Pfizer and its German partner BioNTech said a large-scale trial of their vaccine showed it was more than 90% effective in preventing COVID-19.

    Nikkei slips, SoftBank Group tumbles after Nasdaq rout

    SoftBank Group on Monday sank 7.2 per cent to a two-month low, posting its biggest fall since late March.

    Biden win pumps up risk assets

    E-mini futures for the S&P 500 jumped more than 1.5% on Monday while Nasdaq futures rallied over 2%, signalling a positive start for U.S. markets.

    Wall St closes lower on vaccine delay, dampened stimulus hopes

    Johnson & Johnson announced on Monday it was pausing clinical trials of a COVID-19 vaccine candidate due to an unexplained illness in a study participant. The delay weighed on the company's shares, even after its beat-and-raise earnings report. Its shares lost 2.3%.

    Nasdaq plunge is victory lap for a stable of stock naysayers

    To be sure, that’s all it was on June 11, when the S&P 500 lost 6 per cent. Its return since then is about 15 per cent, even with Thursday’s dramatics.

    From Asia to US, one-way Street for stocks

    Tech shares in Europe jumped almost 3 per cent, extending a rally of more than 8 per cent this week. On Wall Street, the Dow Jones Industrial Average rose 1.47 per cent, the S&P 500 gained 1.61 per cent and the Nasdaq Composite added 1.93 per cent.

    Wall Street rallies as investors eye split US Congress

    With votes still being counted in battleground states, investors abandoned cautious pre-election positioning, driving Wall Street's main indexes up for a fourth straight session.

    S&P, Nasdaq close at record highs in tech-fueled rally

    Tuesday's rally added to Wall Street's fifth straight monthly gain and the S&P 500's strongest August advance in more than three decades, which was also mostly thanks to technology stocks and central bank support.

    Dow Jones extends rally, rises over 400 pts as Blue Wave risks fade

    Stocks are still riding Wall Street's post-election wave Thursday, and the S&P 500 is rallying 2% toward its biggest weekly jump since April. The Dow Jones Industrial Average was up 475 points, or 1.7%, at 28,323, as of 9:54 a.m. Eastern time, and the Nasdaq composite was 2.4% higher.Dow Jones extends rally, rises over 400 pts as Blue Wave risks fade

    Stocks in ‘euphoric land’ with Nasdaq 100 surging past 12,000

    Bulls’ grip on the market is tightening, emboldened by a rally that has shown no signs of abating during the fastest bear-market recovery in history. Up 7 per cent this month, the S&P 500 is poised for the best August since 1986.

    Global investors bet tight US election points to gridlock

    Strength in U.S. Treasuries and the dollar indicated that even if Democratic challenger Joe Biden were to win the race for the White House his party may not have the support of the Senate needed to push through the large fiscal stimulus investors had hoped for.

    S&P, Nasdaq close at new highs on Covid-19 treatment hopes

    The benchmark S&P 500 reclaimed its February closing high last week, confirming a bull market and the fastest recovery from a bear market trough on record.

    Wall Street ends down 1% after Trump calls off coronavirus economic relief talks

    The S&P 500 fell to a session low shortly after the tweet, taking the index down more than 2% from its session high. Airline shares also tumbled, with United Airlines ending down 3.6% on the day, and the Cboe Volatility index climbed to a session high.

    Slowing job growth, stimulus worries weigh on Nasdaq

    ​​The S&P 500 and the Dow Jones index ended flat to slightly higher on the day.

    Red-hot Nasdaq 100 is threatening to double inside of two years

    Few dare bet against further gains. Short interest as a percentage of shares outstanding on the exchange-traded fund that tracks the Nasdaq 100, QQQ, stands at 1.5 per cent. That’s the lowest since March 2019, according to data from IHS Markit Ltd.

    S&P 500, Nasdaq end at records after upbeat business surveys

    US business activity snapped back to the highest since early 2019 in August, according to IHS Markit surveys, as companies in both manufacturing and services sectors saw a resurgence in new orders.

    S&P 500, Nasdaq end at records after upbeat business surveys

    U.S. business activity snapped back to the highest since early 2019 in August, according to IHS Markit surveys, as companies in both manufacturing and services sectors saw a resurgence in new orders.

    S&P 500, Nasdaq close at record highs on trade, vaccine developments

    Apple Inc weighed heaviest on all three indexes, its stock retreating 0.8% days ahead of its 4-to-1 stock split.

    S&P 500, Nasdaq close at record highs on trade, vaccine developments

    That split, which will reduce Apple's weight in the Dow, prompted a reshuffle in the blue-chip industrial average, with Salesforce.com replacing Exxon Mobil Corp, Amgen Inc taking Pfizer Inc's spot, and Raytheon Technologies Corp ousted by Honeywell International Inc .

    Tech slide, pandemic surge slam Wall Street, biggest weekly loss since March

    The pandemic pushed US hospitals to the brink of capacity as coronavirus cases surpassed 9 million, while the prospect of wider COVID-19 restrictions in Europe raised concerns about the economic recovery.

    Asian shares falter again, poised for first weekly loss since late-Sept

    MSCI's broadest index of Asia-Pacific shares outside of Japan was last down 0.3%, on track to the end the week 1.3% lower after four straight weeks of gains.

    Nasdaq makes push into anti-money laundering tech with new AI-based system

    The company hopes the system can make it quicker and cheaper for banks and other financial institutions to sift through the deluge of alerts flagging possible cases of money laundering generated by bank transaction monitoring systems.

    Wall Street sinks 3%, Dow at late July lows as pandemic surges

    Shares of hotels, airlines and other leisure-related companies sensitive to COVID-19-related turmoil sank, with the S&P 1500 airlines index falling 4.3%. The energy index slid 4.2% as oil prices tumbled on fears of a deeper drop in fuel demand.

    S&P 500, Dow Jones sink to late-Sept lows on virus woes

    Shares of hotels, airlines and other companies sensitive to COVID-19-related curbs fell with Wynn Resorts down 3.6% and the S&P 1500 airlines index declining 3.4%. The energy index fell as oil prices tumbled on fears of lower fuel demand.

    S&P, Nasdaq close at record highs in tech-fueled rally

    Tuesday's rally added to Wall Street's fifth straight monthly gain and the S&P 500's strongest August advance in more than three decades, which was also mostly thanks to technology stocks and central bank support.

    Nasdaq hits record high close due to tech rally

    The benchmark S&P 500 reached just shy of its Feb. 19 intraday record high after testing that level for much of last week, while the Dow Jones was weighed down by losses in financial and industrial stocks.

    Wall Street closes down on soaring virus cases, US stimulus worries

    Travel-related stocks, vulnerable to COVID-19 related curbs, fell sharply. The S&P 1500 airlines index fell about 5.6% while cruise line operators Carnival Corp fell 8.66% and Royal Caribbean Cruises Ltd slid 9.65%, the biggest decliner among S&P500 companies.

    Dow Jones plunges over 600 pts on rising coronavirus cases in US

    US stocks fell sharply on Monday as surging coronavirus cases and a stalemate in Washington over the next fiscal aid bill darkened the economic outlook in the run up to the Nov. 3 presidential election. New infections have touched record levels in the United States, with El Paso in Texas asking citizens to stay at home for the next two weeks. In Europe, Italy and Spain imposed new restrictions.Dow Jones plunges over 600 pts on rising coronavirus cases in US

    Wall Street closes higher on Amazon boost, despite economic worries

    Amazon.com Inc jumped 5.7% after Bernstein upgraded the stock to "outperform," saying the company will continue to receive a boost from premium subscribers and third-party merchants even once the pandemic is contained.

    Wall Street ends lower on lockdown fears, likely delay of stimulus

    All the major S&P indexes were down, with energy leading declines as oil prices slid on the possible return of Libyan production and rising coronavirus cases.

    Ahead of Market: 12 things that will decide stock action on Thursday

    Keshav Lahoti of Angel Broking said, market action for the next few days will be dependent on the result announcement, global cues and news around the relief package planned by the Government.

    S&P edges down in choppy session as U.S. stimulus talks drag on

    White House Chief of Staff Mark Meadows said that while there are a number of differences between the White House and Congressional Democrats, Republican President Donald Trump was "willing to lean into" working on an agreement.

    Nasdaq valuations say you’ll be stuck at home for a long time

    One way of quantifying how much investors expect of giant technology companies such as Apple Inc. and Amazon.com Inc. is to consider how much it will take for their profits to “grow into” existing valuations.

    Asian stocks gain on US stimulus hope

    MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.56%. Australian stocks edged up by 0.1%, while shares in China rose 0.07%. Tokyo shares gained 0.4%. U.S. stock futures also rose 0.44%.

    Wall Street shares end higher on stimulus optimism

    Uncertainty over the coronavirus aid package weighed on Wall Street's main indexes on Monday and analysts expect market turbulence to increase with only two weeks left until Election Day.

    Real rates reversal hitting big trades including gold and Nasdaq

    Real interest rates -- which strip out the effects of inflation -- rose by the most in a month Friday after a stronger-than-forecast July jobs report.

    Ahead of Market: 12 things that will decide stock action on Wednesday

    Vinod Nair of Geojit Financial Services said, volatility is expected going forward, but the market will maintain its optimism in-line with stock-wise Q2 result, size of the domestic stimulus and global developments.

    Wall Street shares end higher on stimulus optimism

    Uncertainty over the coronavirus aid package weighed on Wall Street's main indexes on Monday and analysts expect market turbulence to increase with only two weeks left until Election Day.

    Wall Street posts 3rd week of declines as tech slide drags on

    It was the Nasdaq's first such weekly streak since August 2019, and S&P 500 and Dow's first since early October 2019.

    Wall St falls as tech sells off again, jobless claims still high

    Amazon.com Inc dropped 2.3% and Apple Inc fell 1.6%, making them the biggest drags on the S&P 500 and Nasdaq. Last week, the Nasdaq's losses put the index down 10% from its closing record, confirming a correction began on Sept. 2.

    Wall Street closes higher as momentum stocks push S&P 500, Nasdaq to new highs

    Communications services led the 11 major sectors in the S&P in percentage gains.

    Nasdaq ends higher while S&P 500 posts biggest August gain since 1986

    The Federal Reserve's commitment to tolerate inflation and keep interest rates low, positive developments in vaccines and treatments for COVID-19 and a rally in tech-focused stocks have helped the S&P 500 and Nasdaq hit record highs in August.

    S&P 500, Dow close higher on vaccine update, retail sales beat

    The Dow also joined the S&P in positive territory, both indexes snapping a three-day losing streak driven by halted vaccine trials and continued wrangling in Washington over a new pandemic relief package. But the Nasdaq ended the session slightly lower.

    Asian stocks under pressure amid resurgent virus fears

    "There's a bit of worry there and also at what we're seeing in America and in Europe regarding the virus and how it seems to be taking hold pretty significantly again," said Grant Williamson, investment adviser at Hamilton Hindin Greene in Christchurch, New Zealand.

    Nasdaq surges on megacap earnings but U.S. fiscal uncertainty nags

    Apple Inc shares surged 10.5% to close at a record $425.04 in the wake of blowout quarterly results and a four-for-one stock split announcement.

    S&P 500 ends lower as investors eye stimulus impasse

    "Going into the fall it will be difficult for unemployment to make a lot of positive headway because of the lack of stimulus," said Christopher C. Grisanti, chief equity strategist, MAI Capital Management in Cleveland.

    Wall St ends down after Mnuchin dims stimulus hopes

    U.S. stocks had rallied in recent sessions on optimism that the government would provide a fresh stimulus to reduce damage caused by the coronavirus pandemic.

    Ahead of Market: 12 things that will decide stock action on Thursday

    Chandan Taparia of Motilal Oswal said, the index has to continue to hold above the 11,900 level to witness an up move towards 12,100.

    Wall St ends down after Mnuchin dims stimulus hopes

    Downbeat comments from Treasury Secretary Steven Mnuchin that a deal would not likely be made before the vote added to fragile sentiment following a mixed bag of quarterly earnings reports from major Wall Street lenders.

    Wall Street executives adapt to Covid-19 changes even as Nasdaq and S&P 500 recover

    The life of a Wall Street trader was once one of business trips and work dinners, but now it is anything but. The culprit, as with so many of the economic and financial disruptions the United States has faced over the past months, is the coronavirus pandemic, which has rendered life for the brokers, bankers and businesspeople fueling the world's largest economy much more lonely.

    Nikkei gains as coronavirus fears ease in Tokyo

    Markets had initially opened softer, tracking overnight losses in Wall Street, as heavyweight U.S. tech stocks resumed their decline following a sharp rebound on Wednesday.

    Apple and Amazon drive rally on Wall Street

    Amazon rallied 4.8% ahead of its annual Prime Day shopping event on Oct. 13 and 14. Microsoft jumped 2.6%, helping lift the S&P 500 information technology index 2.7%.

    US stocks tumble as investors dump high-flying tech stocks

    The Nasdaq tumbled on Tuesday as investors dumped high-flying technology stocks, while Tesla tracked its worst day in nearly six months after a surprise exclusion from the S&P 500.All eleven major S&P sectors fell in early trading, with declines worsening after news on Friday that SoftBank made significant option purchases during the run-up in U.S. stocks.US stocks tumble as investors dump high-flying tech stocks

    S&P 500, Dow track second straight weekly gain on stimulus optimism

    Eight of the 11 major S&P indexes were up in morning trading, led by materials and information technology . Energy stocks dipped, but were still set for their biggest weekly percentage increase since June.

    China's Luckin Coffee to delist from Nasdaq

    Liu has been accused of faking 2.2 billion yuan ($310 million) worth of sales in 2019.

    Cheapest small-cap stocks in 20 years shows rally can keep going

    Small caps are trading at the biggest discount to large-company stocks in about two decades, suggesting they are inexpensive on a relative basis, Bank of America Corp. said.

    Nasdaq momentum is hottest in 20 years with Amazon leading surge

    The Nasdaq 100 rose almost 3% Monday, its best day versus the S&P 500 since mid-April.

    Nasdaq closes at all-time high as strong tech sector offsets jobless data

    Gains in Apple Inc - the only publicly listed U.S. company to cross the $2 trillion market value milestone - Amazon.com Inc and Microsoft Corp underpinned the three main indexes' gains as investors bet they would ride out the economic crisis.

    Asian shares close in on 2-1/2-year peak as US stimulus hopes return

    MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.15%, inching closer to its Aug. 31 peak, which was its highest level since March 2018. China's CSI300 index gained 1.68% after the Golden Week holidays.

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