Wall Street opens higher on tech bounce

(Reuters) – Wall Street’s main indexes opened higher on Thursday as momentum from demand for cheaper tech-related stocks overshadowed elevated weekly jobless claims that suggested a choppy economic rebound. The Dow Jones Industrial Average rose 82.04 points, or 0.29%, at the open to 28,022.51. The S&P 500 opened higher by

Nasdaq slides as tech rout deepens, Tesla hits three-week low

(Reuters) – 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

Wall Street sinks as tech sell-off continues

(Reuters) – Wall Street’s main indexes extended declines on Friday, with the Nasdaq on track for its worst two-day fall since March as technology stocks sold off again, overshadowing data showing a steeper-than-expected drop in the August unemployment rate. The tech-heavy Nasdaq lost over 4% and the S&P 500 dropped

Tech stocks push S&P 500, Nasdaq to record highs at open

(Reuters) – Technology stocks pushed the S&P 500 and Nasdaq to record highs at the open on Wednesday, while the Dow inched closer to its pre-pandemic peak as data showed a moderate rise in U.S. private payrolls last month. The S&P 500 opened higher by 17.11 points, or 0.49%, at

S&P, Dow head higher on new Fed stance, COVID progress

NEW YORK (Reuters) – The S&P 500 and the Dow advanced on Thursday as investors digested the U.S. Federal Reserve’s new strategy to adopt an average inflation target and restore the United States to full employment, as well as a promising development in the fight against COVID-19. The Fed’s new

Wall Street futures higher after U.S.-China trade deal assurance

(Reuters) – U.S. stock index futures rose for a fourth straight session on Tuesday as U.S.-China officials reaffirmed their commitment to a Phase-1 trade deal, adding to market optimism from signs of progress in developing treatments and vaccines for COVID-19. The pledge was made in a telephone call, the first

S&P 500, Nasdaq at all-time highs on COVID-19 treatment hopes

(Reuters) – The S&P 500 and Nasdaq scaled new highs on Monday as a gain in Apple shares and U.S. approval for the emergency use of blood plasma in COVID-19 patients lifted treatment hopes and spurred bets of a quicker economic recovery. The moves come ahead of the four-day Republican

S&P 500, Nasdaq open at new highs on COVID-19 treatment hopes

(Reuters) – The S&P 500 and Nasdaq opened at record levels on Monday after the U.S. health regulator approved the emergency use of blood plasma in COVID-19 patients and on report the Trump administration may fast-track a vaccine candidate. The S&P 500 opened higher by 20.93 points, or 0.62%, at

Wall Street futures extend slide on Fed jitters, jobless claims awaited

(Reuters) – U.S. stock index futures fell on Thursday as investors cautiously awaited the weekly jobless claims report, a day after the Federal Reserve signaled an arduous recovery for the world’s largest economy. The S&P 500 and the Nasdaq retreated from their peaks on Wednesday after minutes from the Fed’s

Wonderful world of Disney earnings surprise boosts Wall Street

NEW YORK (Reuters) – U.S. stocks climbed on Wednesday on the heels of a surprise quarterly profit from Disney and as investors stayed optimistic that a deal was near for a U.S. coronavirus fiscal aid package. Walt Disney Co’s (DIS.N) shares jumped 8.80%, to put it among the biggest boosts