The S&P 500 and the Nasdaq opened higher on Friday after strong results from Apple Inc. and as the latest reading of the Federal Reserve’s preferred gauge to measure inflation came in line with expectations. The Dow Jones Industrial Average fell 25.54 points, or 0.07 percent, at the open to 34,135.24. The S&P 500 opened…
Nasdaq Profit Beats Estimates on IPO Rush, Investment Products Demand
Nasdaq Inc. on Wednesday reported a nearly 16 percent jump in fourth-quarter profit that topped Wall Street estimates, buoyed by the frenetic pace of U.S. initial public offerings and strong demand for its investment-related products. Technology, healthcare and financial technology companies led the IPO rush during the quarter, that included the stellar debut of Rivian…
Nasdaq Futures Jump 2 Percent After Microsoft’s Strong Forecast; Fed Decision Looms
U.S. stock index futures jumped on Wednesday following two days of turbulent trading, helped by stellar results from Microsoft, while investors looked to the outcome of the Federal Reserve’s policy meeting. Microsoft Corp. gained 3.9 percent premarket after the Windows maker forecast revenue for the current quarter broadly ahead of Wall Street targets, driven in…
Nasdaq Ekes out Gain in Late Session Comeback
Wall Street’s three major indexes staged a late-session comeback on Monday as the Nasdaq managed to eke out a tiny gain and investors swooped in to hunt for bargains, while the S&P 500 and the Dow Jones Industrial Average finished well above their session lows. After falling almost 3 percent earlier in the day and…
Wall Street Posts Declines for First Week of 2022; Nasdaq Has Worst Week Since Feb
NEW YORK—Wall Street on Friday wrapped up the first week of the new year with daily and weekly losses as investors worried about looming U.S. interest-rate hikes and unfolding Omicron news. The Nasdaq posted its biggest weekly percentage fall since February 2021 and led declines for the day in the major indexes. Stocks fell on…
Dow Posts Closing Record High for 2nd Day, Boosted by Banks
NEW YORK—The Dow Jones Industrial Average reached a record closing high on Tuesday for a second straight day as financial and industrial shares rallied, while the Nasdaq fell. The S&P 500 ended slightly weaker after hitting an intraday all-time high. Declines in shares of big growth names including Tesla Inc. weighed on the index and…
States Challenge ‘Crude and Odious’ Nasdaq Diversity Rules
A coalition of seventeen Republican-led states has filed an amicus brief in support of a challenge against the Nasdaq for a set of diversity rules for corporate boards of directors that were approved by the Securities and Exchanges Commission last August. The amicus includes a litany of alleged abuses, including violations of the equal protection…
States Object to ‘Crude and Odious’ Nasdaq Diversity Rules
A coalition of seventeen Republican-led states filed an amicus brief in support of a challenge against the Nasdaq for a set of diversity rules for corporate boards of directors that were approved by the Securities and Exchanges Commission last August. The amicus brief (pdf), which was filed by Arizona, Alabama, and other 15 red states…
S&P 500, Nasdaq Slide on Hot Producer Prices Data as Fed Meet Looms
The S&P 500 and the Nasdaq fell on Tuesday after data showed producer prices increased more than expected in November and ahead of a potential decision on faster tapering from the U.S. Federal Reserve this week. The fast-spreading Omicron coronavirus variant also tamped down the mood after the S&P 500 index hit an all-time closing…
Nasdaq Leads Wall Street Lower After Sharp Rally This Week
U.S. stock indexes slipped on Thursday after three straight days of gains following positive updates on the Omicron coronavirus variant, with focus now turning towards inflation data for clues on the Federal Reserve’s policy decision. Ten of the 11 major S&P sectors declined, with real-estate, energy and consumer discretionary shares falling the most. Heavyweight technology…
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