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Stock futures flat after the market notches its best quarter in decades

Stock futures flat after the market notches its best quarter in decades

Finance
A man wearing a protective mask sits on top of the Charging Bull sculpture near Wall St. amid the coronavirus pandemic on April 19, 2020 in New York City, United States.Alexi Rosenfeld | Getty ImagesStock futures were flat in overnight trading on Tuesday as the market is set to kick off a new quarter after a remarkable comeback.Futures on the Dow Jones Industrial Average fell about 25 points. The S&P 500 futures and the Nasdaq 100 futures were little changed. Trading volumes were thin. The market just notched its best quarter in decades as it snapped back from the historic sell-off triggered by the coronavirus. The Dow gained 17.8% in the second quarter, posting its best quarter since 1987, while the S&P 500 finished the period with a near 20% gain, its best sin...
Fintech start-up Stripe notches eye-popping $35 billion valuation after new funding round

Fintech start-up Stripe notches eye-popping $35 billion valuation after new funding round

Finance
Fintech company Stripe is climbing the ranks of the most valuable Silicon companies.Stripe, a San Francisco-based payments company that competes with Jack Dorsey's Square, announced an additional $ 250 million funding round on Thursday, bringing its valuation to an eye-popping $ 35 billion. Venture capital firms Sequoia, Andreessen Horowitz General Catalyst, among other investors, participated in the equity round.The company makes software that allows businesses to accept payments over the internet. Stripe processes payments for a long list of companies, including Airbnb, Lyft and Shopify.It has been one of the most popular venture investments in Silicon Valley as consumers overwhelmingly move to online payments. Its major backers include Peter Thiel, Elon Musk, Google's venture arm Capita...
S&P 500 share index notches up record-breaking winning streak

S&P 500 share index notches up record-breaking winning streak

Business
The S&P 500 share index, which tracks the 500 biggest public companies in America, has hit a new milestone.The benchmark index on Wednesday marked 3,453 days since its prior low-point, set on 9 March 2009, when the world was reeling from the financial crisis.By many counts, that is the longest run without a fall of 20% or more in index history, a "bull" run in market-jargon.Overall the index has risen almost 325% in the period, lifted by companies such as Apple, Microsoft and Amazon.This year, it is up more than 6%, despite worries about rising inflation, interest rates and trade disputes. On Wednesday the index was largely unchanged, closing at 2,861.82, down less than 2 points. That is just shy of the record high of 2,872.8...