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.
The Nasdaq 100 rose almost 3% Monday, its best day versus the S&P 500 since mid-April.
Liu has been accused of faking 2.2 billion yuan ($310 million) worth of sales in 2019.
Apple Inc and Microsoft Corp provided the biggest boosts to the Dow and S&P 500, with the S&P 500 technology index up 1.6% and leading sector gains.
The Dow Jones Industrial Average rose 8.92 points, or 0.03%, to 26,680.87, the S&P 500 gained 27.11 points, or 0.84%, to 3,251.84 and the Nasdaq Composite added 263.90 points, or 2.51%, to 10,767.09.
As the second half of the year begins, tech’s stellar returns are getting hard to ignore.
Apple Inc, Amazon.com Inc, Facebook Inc and Alphabet Inc, all due to report earnings this week, were among the top boosters of the S&P 500. The technology-heavy Nasdaq posted a 1.7% gain, outperforming the S&P and the Dow.
Nasdaq's net income for the quarter rose to $241 million, or $1.45 per share, from $174 million, or $1.04 per share, a year earlier.
Investors were also encouraged by some upbeat economic data as coronavirus-induced lockdowns have eased.
Walgreens Boots Alliance Inc shares dropped after it reported a quarterly loss compared with a profit a year earlier, hurt by non-cash impairment charges of $2 billion as COVID-19 disrupted business at its Boots UK division. Its stock closed 7.8% lower.
While retail sales for June released on Thursday beat market expectations, real-time measures of retail foot traffic and employee working hours and shifts have flatlined after steady growth since April.
Arpana Bawa, COO, and Velchamy Sankarlingam, President, Zoom are in converation with ETNOW on investments in India and the competitive landscape. Zoom is an American company, listed on NASDAQ & our CEO is an American citizen: Arpana Bawa
The Nasdaq-100 reached a record on Tuesday, but S&P 500, Dow have failed to hit their own new marks.
Stocks that outperformed in recent months, including Amazon , Microsoft, Nvidia and Facebook , ended down more than 2% after gaining earlier in the day.
The Dow Jones Industrial Average rose 114.00 points, or 0.43%, at the open to 26,542.32.
The Dow Jones Industrial Average was up 171.55 points, or 0.66%, at 26,196.51.
A higher percentage thought the opposite, with 41 per cent saying the market performed worse due to Trump's policies.
Investors also worried about the expiration of enhanced employment benefits on Friday as U.S. Congress was no closer to a deal on Thursday to extend or replace the extra $600-per-week in payments to tens of millions thrown out of work by the coronavirus.
Rising technology and communication stocks have driven gains in the Nasdaq
The blue-chip CSI300 index ended down 0.5 per cent to 4,656.15 and the Shanghai Composite Index 0.2 per cent to 3,286.82.
At the end of its two-day policy meeting the Fed said it will keep its interest rate target range until it is confident the economy has weathered the coronavirus pandemic and is on track for maximum employment and price stability goals.
Here’s a look at what some of the key indicators are suggesting for Wednesday's action.
Of the 130 S&P 500 companies that have reported, about 80% of them surpassed significantly lowered forecasts for profit
The Dow Jones Industrial Average was up 167.18 points, or 0.67 per cent, at 25,162.29.
The Dow Jones Industrial Average was down 194.34 points, or 0.71 per cent, at 27,077.96.
High-flying companies Apple Inc and Microsoft Corp , which were pivotal in driving the stock market's recovery in recent months, fell 0.5% and 0.3% respectively.
The Dow Jones Industrial Average was down 161.01 points, or 0.58 per cent, at 27,411.43.
"With markets around the world in so much turmoil, it looks like a good opportunity to get into foreign markets."Investing in foreign markets, especially the USA, has become extremely popular lately.
The bellwether S&P 500 slid more than 1%, snapping a four-day winning streak with its biggest daily percentage drop since June 26. All three major U.S. stock averages lost ground, with falling momentum stocks Apple, Microsoft Corp and Amazon.com weighing heaviest.
The major stock indexes oscillated for much of the day but ended in the black. The Nasdaq had the smallest gain, capped by a 1.2% drop in Amazon.com Inc shares.
The goal was mild in scale compared with other major stock markets, but radical by China’s standards: Minimize red tape and relax tight controls on what kind of companies could list, and how much their shares could move.
Financial, industrial and energy stocks gave the biggest boosts to the bellwether S&P 500 and blue-chip Dow as investors pivoted back to cyclicals. The march upward lost steam late in the session, and a drop in tech shares pulled the Nasdaq lower.
The Dow Jones Industrial Average was up 14.28 points, or 0.05 per cent, at 26,284.17.
Investor focus is squarely on a European Union Summit where leaders are haggling over a plan to revive economies throttled by the COVID-19 pandemic.
The S&P 500 utilities, real estate and healthcare indexes were the session's strongest gainers.
The S&P 500 is about 5% below its February record high.
Global investing is extremely complicated, difficult. In fact, it can be downright dangerous because of a million factors affecting companies and markets at lightning fast speed.
Broader market indices also traded with gains but played catch up with their headline peers. Meanwhile, India VIX took a breather and slid about 3 per cent, indicating relatively lower volatility going ahead.
The Nasdaq posted its sixth record closing high in seven days, but the index underperformed both the Dow and S&P 500, in a reversal of the recent trend.
Shares in China fell 0.72%, the first decline in more than a week, as investors booked profits on a surge in equities to a five-year high.
The S&P/ASX 200 index was 0.6% higher at 5,955.5 points at the end of trade
Sony Corp added 3.27%, while Yaskawa Electric Corp rose 1.98%.
Benchmarks in Shanghai, Tokyo, Hong Kong and Australia rose.
Large parts of the United States reported tens of thousands of new coronavirus infections. New York expanded its travel quarantine for visitors from three more states, while Florida's greater Miami area rolled back its reopening.
Gains were led by the technology sector, and the Nasdaq was up more than 1%.
The Dow Jones Industrial Average was up 381.54 points, or 1.58 per cent, at 24,588.40.
The benchmark index ended below its 200-day moving average, an indicator of long-term momentum.
The Dow Jones Industrial Average was down 532.55 points, or 2.07 per cent, at 25,213.05.
After a choppy session, the Dow Jones Industrial Average stood at 25,745.60, up 1.2 percent or around 300 points after losing 700 points Wednesday. The broad-based S&P 500 gained 1.1 percent to 3,083.76, while the tech-rich Nasdaq Composite Index rose 1.1 percent to 10,017.00.
The Dow Jones Industrial Average was up 56.66 points, or 0.23 per cent, at 24,190.44.
Markets in Hong Kong and mainland China are closed for public holidays on Thursday.
The S&P banking subsector fell 4.1%, with JPMorgan Chase & Co and Wells Fargo & Co set to report on Tuesday and analysts expecting a bleak outlook for the year.
Concerns over consumer lending increased further when the country announced the lockdown.
The world's third-largest music recording label had in March delayed it plans to kick off the debut, set to be one of the year's bigger IPOs.
MEMX now expects to launch at some point in the third quarter, rather than on July 24.
ONGC was the biggest loser in the pack, down 2.37 per cent followed by ICICI Bank.
On Wall Street, the S&P 500 lost 0.36% on Wednesday but tech-heavy Nasdaq added 0.15% due to hopes of increased demand for various online services due to the epidemic.
When zero-revenue Nikola trumped marquee Ford and Fiat.
This is the first time Nasdaq has put a minimum value on the size of IPOs.
Energy, financials and materials, which have lagged this year, led the way among S&P 500 sectors, while consumer staples lagged the most.
“We have shorted consumer names with very high P/Es,” the ace investor said.
MSCI's broadest index of Asia-Pacific shares outside of Japan rose for a ninth straight session for its longest winning streak since early 2018. It was last up 0.76% at a three-month peak.
There have been attempts to set up other stock exchanges, most notably the MCX-SC, now the Metropolitan Stock Exchange.
Of the two venues, the company prefers Hong Kong, according to two of the people. One of the two also said ByteDance is simultaneously studying the option to list its smaller, non-China business - which includes TikTok that is not available in China - in Europe or the United States.
All are well within 20% of their record levels, with the tech-heavy Nasdaq now within 10% of its high.
Images of Lord Ram and 3D portraits of the grand Ram Temple in Ayodhya will be beamed across the giant billboards in the iconic Times Square here on August 5 to celebrate the temple's groundbreaking ceremony, with organisers describing the commemoration as a one-of-a-kind and historic event.Ram Temple groundbreaking: Lord Ram's images to be displayed in Times Square on Aug 5
Prominent community leader and President of the American India Public Affairs Committee Jagdish Sewhani on Wednesday said that arrangements are being made to celebrate the historic moment in New York on August 5, when Prime Minister Narendra Modi is scheduled to lay the foundation stone for construction of the Ram Temple in Ayodhya.
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For a 5 per cent stake, Google will have to shell out $110 million.
According to IDC, construction companies must work on creating a digital transformation technology roadmap. In India, 35% are planning to establish this roadmap within the next 12 months, highlighting how it is a priority for construction companies in the country. However, 24% still have no plans to do so.
U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted optimism for an economic recovery.
Dow Jones Industrial Average was down 211.69 points, or 0.87%, at 24,030.80.
The Nasdaq Composite was up 90.90 points, or 0.93%, at 9,823.65.
'The recent rally that we have seen in tech stocks, in Nasdaq and the stocks just jumping way too ahead suggest we might be in for a short-term shakeup. '
Experts predict a safe and effective vaccine could take 12 to 18 months to develop.
The stock market bounced back from its worst week in nearly two months Monday as optimism about a potential vaccine for the coronavirus and hopes for a U.S. economic recovery in the second half of the year put investors in a buying mood.
After two straight routs, Wall Street stocks finished higher Thursday as beaten-down banking shares rallied despite another spike in jobless claims.
In the 30-share pack Sensex, ONGC was the biggest gainer, up nearly 2 per cent.
Trump followed up by saying that getting tough on Chinese companies on the exchanges could backfire.
The biggest names in finance are coming around to a view that stocks are vastly overvalued.
The Dow Jones Industrial Average sank 2.2 percent, or more than 500 points, to 23,247.97.
Economists have cut their forecasts for US GDP, with Morgan Stanley now predicting a 38% contraction in the second quarter.
The broad-based S&P 500 plunged 9.5 percent to 2,480.64, while the tech-rich Nasdaq Composite Index tumbled 9.4 percent to 7,201.80.
Investors, many facing steep losses due to the pandemic-driven shakeout in assets over the past few months, have also had to contend with renewed U.S.-China trade tensions.
With an economy in trouble, the path back to prosperity depends on tech companies rapidly scaling up, generating revenue and creating jobs. Finer-tuned pricing of intangible assets could speed up the recovery process, allowing growing tech companies to raise money for new product lines, rather than just to scale up old ones.
MSCI's broadest index of Asia Pacific shares outside of Japan stumbled more than 1%, snapping two straight sessions of gains.
Wall Street's volatility index has retreated from 12-year highs but is still at levels rarely seen since the global financial crisis.
A record $2.2 trillion in aid and unprecedented policy easing from the Federal Reserve helped the S&P 500 post its biggest weekly percentage gain in over a decade last week, and the Dow Jones its best since 1938.
Spot gold rose 0.2% to $1,805.83 per ounce by 10:42 am EDT (1442 GMT). U.S. gold futures fell 0.2% to $1,810.20.
Among factors boosting European assets is Europe's relative success in gradually reopening its economy and the European Union's proposed 750 billion euro recovery fund to help countries deal with the fallout from the coronavirus crisis.
Beijing reported exports rose 3.5% in April on a year earlier, completely confounding expectations of a 15.1% fall and outweighing a 14.2% drop in imports.
The tech-heavy Nasdaq ended higher, although indexes pulled back late in the session especially after U.S. President Donald Trump said China may or may not keep a trade deal between the two countries.
The S&P 500 remains down about 27% from its February record high, a loss of more than $7 trillion in stock market value.
Cheaper valuation probably pulled some people to buy in April, says MD of Kotak AMC.Cannot say markets have bottomed out: Nilesh Shah
‘Some stocks are trading at extreme premiums. This will remain a bottom-up market.’
China, opening for the first time since Thursday, started on the backfoot with the blue-chip index down 0.6%. Australian shares skidded 0.8%.
Stocks pulled back sharply late in the session after Federal Reserve Vice Chair Richard Clarida made downbeat comments about the depth of the economic contraction.
The Dow Jones Industrial Average rose 1,130.26 points, or 6.08%, at the open to 19,722.19.
U.S. stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns about the latest U.S.-China tensions and downbeat sentiment from the annual meeting of Warren Buffett's Berkshire Hathaway.
The move comes as share prices of EV makers including Tesla Inc and Nio Inc have surged in recent months.