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Dow and S&P hit record highs behind tech rally, positive job data

Dow and S&P hit record highs behind tech rally, positive job data

Business
April 5 (UPI) -- U.S. markets hit record highs on Monday amid a continued tech rally and positive job growth data. The Dow Jones Industrial Average climbed 373.98 points, or 1.13%, to a record 33,527.19, while the S&P 500 gained 1.44% to close at a new high of 4,077.91. The Nasdaq Composite also increased 1.67%. Advertisement Google's parent company, Alphabet, helped lead the sustained rise in tech stocks gaining 4.19%, while Facebook increased 3.43%, Microsoft climbed 2.77% and Apple rose 2.36%. Tesla stock also increased 4.43% on Monday while chipmaker intel gained 3.08%. Markets also responded to the Labor Department reporting that the U.S. economy added 916,000 jobs in March, beating many analysts' expectations of about 850,000. Stocks that would benefit from the widespread liftin...
UK protesters scuffle with police during rally over new law

UK protesters scuffle with police during rally over new law

World
Police in the English city of Bristol have arrested 10 people during a third night of protest against a new policing lawByThe Associated PressMarch 27, 2021, 9:49 AM• 2 min readLONDON -- Police in the English city of Bristol say they arrested 10 people during a third night of protest against a new policing law.Hundreds of demonstrators against the Police, Crime, Sentencing and Courts Bill staged a sit-down protest outside a police station in the southwest England city on Friday night, and some scuffled with officers in helmets and shields who tried to break up the protest.The Avon and Somerset Police force said Saturday that eggs, bottles and bricks were thrown at officers and a police horse was daubed with paint.The contentious bill, which is currently going through Parliament, gives poli...

Stock futures little changed after tech stocks rally

Finance
Traders on the floor of the New York Stock Exchange.Source: NYSEU.S. stock index futures were little changed during overnight trading on Monday, after all three major averages posted gains during regular trading hours. Futures contracts tied to the Dow Jones Industrial Average advanced 38 points, or 0.1%. S&P 500 futures were also up 0.1%, while Nasdaq 100 futures were flat.The Dow finished Monday's session 103 points higher, for a gain of 0.32%. The S&P 500 broke a two-day losing streak and advanced 0.7%. The Nasdaq Composite was the relative outperformer, jumping 1.23% for its fifth positive session in six.The gains came as the 10-year Treasury yield retreated, after touching a 14-month high last week."While the rise in yields has created volatility, we don't expect it to derail ...

Bitcoin surpasses $60,000 in record high as rally accelerates

Finance
Representation of the virtual currency Bitcoin is seen on a motherboard in this picture illustration taken April 24, 2020.Dado Ruvic | ReutersBitcoin crossed a record high of $ 60,000 on Saturday morning, continuing its rally as major companies and financial institutions adopt cryptocurrencies.Bitcoin, the world's biggest cryptocurrency, was at $ 60,415.34 as of 7:25 a.m. ET, according to Coinbase, recovering from a dip at the end of February that followed a previous record high that month.The digital currency is up 963% over the last 12 months, according to Coinbase. Its value surpassed $ 1 trillion last week for the second time this year. Bitcoin's rally is driven partly by increased adoption by larger institutional investors and firms and speculative demand. Tesla has purchased $ 1...
Nasdaq rebounds 3.69% as dip in bond yields sparks tech rally

Nasdaq rebounds 3.69% as dip in bond yields sparks tech rally

Business
March 9 (UPI) -- The Nasdaq Composite bounced back from earlier losses on Tuesday as a decline in bond yields led to a surge in tech stocks. The tech-heavy Nasdaq closed the day up 3.69% for its best day since November, while the S&P 500 gained 1.42% after both indexes reported losses to start off the week. The Dow Jones Industrial Average closed the day on session lows, rising 30.30 points or 0.095%, after rising more than 300 points for an intraday record at its high. Advertisement The 10-year Treasury note yield fell about 5 basis points to 1.53% after settling around 1.6% on Monday. Tesla stock led the rise, gaining 19.64%, while Facebook increased 4.09%, Apple climbed 4.06%, Amazon grew 3.76%, Microsoft added 2.81% and Netflix ended the day up 2.66%. "After lagging badly for the...