Page 9 - Us Markets

S&P 500, Dow slip from record highs at open as investors lock in gains

(Reuters) - The S&P 500 and the Dow opened lower on Tuesday after closing at record highs in the previous session, as investors locked in some gains ahead of a reading of U.S. job openings later in the day.

GameStop's shares tank 12% after it plans a $1 billion stock sale

At Thursday's closing price of $191.45, the "at-the-market" sale could fetch GameStop up to $670 million

GameStop to sell up to 3.5 mn of shares 2 months after price sky-rocketed

Two months after a market phenomenon took shares of GameStop to the moon, the video game retailer said Monday that it will sell up to 3.5 million of its shares with the price still vastly elevated.

World economy risks 'dangerously diverging' even as growth booms

While America's booming economy will undoubtedly act as a driver for the rest of the world by sucking in imports, there could also be some grumbling about the higher market borrowing costs

S&P 500 hits 4,000 mark for first time on tech strength, reopening optimism

Seven of the 11 S&P sectors rose, with technology and communication services gaining more than 1.5%

Wall Street opens higher on optimism over Joe Biden spending plan

Tech stocks lifted all three major indexes on Wednesday as investors awaited details on US President Joe Biden's massive infrastructure plan, while Wall Street eyed its fourth straight quarterly gain

Wall Street opens lower as spike in US bond yields pressures tech stocks

The Dow Jones Industrial Average fell 43.5 points, or 0.13%

Top headlines: Suez chaos eases; US futures fall over block trade fears

Business Standard brings you top news of the evening

NYSE-listed StarTek eyes digital deals with CSS Corp

Though both the companies will work at an arm's length, StarTek will leverage CSS and collaborate on three things

GameStop soars to erase $4-billion hole as meme stocks roar

The company has made "significant changes" to its board since June 2020

US regulator opens inquiry into Wall Street's blank check IPO frenzy

The US securities regulator has opened an inquiry into Wall Street's blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, sources said

Trading app Robinhood Markets says it filed confidentially for IPO

Robinhood became immensely popular during the coronavirus pandemic, particularly as homebound young people turned to online trading to pass the time and make money

Global stocks ease as lockdowns sap momentum, oil prices rebound

Benchmark 10-year U.S. Treasury notes last yielded 1.6207% after reaching 14-month highs last week.

From pet food to video games: Inside Ryan Cohen's GameStop obsession

On the line was Ryan Cohen, the billionaire co-founder and former chief executive of online pet supplies retailer Chewy who is now leading GameStop's push into e-commerce

US futures drop as investors await clues on rebound from Powell, Yellen

Chevron Corp, Occidental Petroleum Corp and Exxon Mobil Corp shed between 1.5 per cent and 3.5 per cent pre-market as oil prices slumped 3 per cent

Cathie Wood's Ark expects Tesla stock price to reach $3000 by 2025

Ark expects Tesla's market capitalization to reach as high as $4 trillion in the best-case scenario, according to a research note published here on Friday

Tesla cars banned by China's military on concerns about cameras

Images of what was purported to be a notice about the ban were also circulating on Chinese social media

Federal Reserve likely to forecast biggest economic boom in a generation

Markets predict the Fed may be forced to act sooner than expected

World stocks firm as stimulus fuels optimism towards economic growth

U.S. S&P500 futures rose 0.25% in early Asian trade, trading just below a record high level touched last week, while Japan's Nikkei ticked up 0.1%

Asian shares advance as yields, inflation fears moderate

Stocks climbed in Asia on Thursday after a key measure of inflation in the US came in lower than expected, easing worries that price pressures could push interest rates higher. Shares rose in Tokyo, Shanghai and Hong Kong but were flat in Sydney. On Wall Street, energy and financial stocks rose while Big Tech shares declined. The S&P 500 added 0.6 per cent and the Dow Jones Industrial Average hit a record high, though tech stocks pulled the Nasdaq slightly lower. The Labour Department reported that US consumer prices, a key measure of inflation at the consumer level, rose 0.4 per cent in February, the biggest gain in six months, led by a jump in gasoline prices. But core inflation, excluding food and energy, posted a much smaller 0.1 per cent gain, easing fears that the inflation might surge as the economy recovers from the pandemic. The timing could not have been better, Stephen Innes of Axi said in a commentary. As Biden's . . . USD 1.9 trillion fiscal stimulus plan was passed