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Apr112021 by adminNo Comments

Stock futures slip after Dow, S&P 500 hit fresh records

Finance

In this article@ND.1@SP.1@DJ.1A Wall Street street sign is displayed in front of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Feb. 11, 2021.Bloomberg | Getty ImagesFutures contracts tied to the major U.S. stock indexes slipped at the start of the overnight session Sunday evening, suggesting Wall Street could see mild losses on Monday to curb last week's strength in U.S. equity markets.Dow futures lost 30 points around 6 p.m. in New York, while contracts tied to the S&P 500 shed 0.15%. Nasdaq 100 futures fell 0.1%.The movement in the futures market on Sunday followed yet another record close for the Dow Jones Industrial Average on Friday, when it gained nearly 300 points to end at 33,800.6. The S&P 500 gained 0.8% and hit its third straight record close.Stocks ...

Mar282021 by adminNo Comments

Stock futures are flat in overnight trading after S&P 500 closes at a record

Finance

Traders work on the floor at the New York Stock Exchange.Brendan McDermid | ReutersStock futures held steady in overnight trading Sunday after a rush of broad based late buying pushed the S&P 500 to a record high in the final minutes of the previous session.Futures on the Dow Jones Industrial Average dipped just 25 points. S&P 500 futures and Nasdaq 100 futures were both little changed.On Friday, all three major benchmarks rallied to their session highs into the close with the blue-chip Dow closing about 450 points higher. The S&P 500 eventually climbed 1.7% to hit a record closing high. The Nasdaq Composite wiped out a 0.8% loss and ended Friday 1.2% higher.Traders are bracing for heightened volatility during this holiday-shortened week with quarter-end rebalancing among pensi...

Mar242021 by adminNo Comments

Stock futures tick higher as pressure on tech stocks pauses

Finance

Traders on the floor of the New York Stock ExchangeSource: NYSEFutures contracts tied to the major U.S. stock indexes inched higher at the start of the overnight session Wednesday evening after pressure on technology stocks sent the Nasdaq Composite down 2% during the regular session.Dow futures rose 30 points, while contracts tied to the S&P 500 rose less than 0.1%. Futures tied to the Nasdaq 100 also traded just above the flatline.The overnight moves came after a rash of late-day selling in high-growth and technology shares during the regular session.The S&P 500 fell 0.6% after rising as much as 0.8% during the day, while the tech-heavy Nasdaq dropped 2% to close at its session low. Apple, Facebook and Netflix all slid more than 2%, while Tesla fell 4.8%.The Dow Jones Industrial ...

Mar232021 by adminNo Comments

Stock trading app company Robinhood files plan to go public

Technology

Stock trading app company Robinhood says it has submitted a confidential plan to go public later this yearByThe Associated PressMarch 23, 2021, 10:17 PM• 2 min readCHARLOTTE, N.C. -- Stock trading app company Robinhood said Tuesday that it has submitted a confidential plan to go public later this year.The company based in Menlo Park, California, filed the paperwork with the Securities and Exchange Commission while at the center of a battle between online activist retail investors and institutional investors over companies such as GameStop and AMC Entertainment. Robinhood had to restrict trading of those companies earlier in the year, and has been subject to congressional investigations.Robinhood did not disclose the size of its initial public offering, or where it plans to trade its stock....

Mar232021 by adminNo Comments

Stock futures are flat amid renewed concern about pandemic recovery

Finance

U.S. stock futures were flat in overnight trading on Tuesday amid renewed investor concern about the global recovery from the coronavirus pandemic.Dow futures rose 20 points. S&P 500 futures gained 0.08% and Nasdaq 100 futures rose 0.3%.On Tuesday, stocks tied to an economic recovery led the losses amid rising new coronavirus cases in the U.S. and abroad.The Dow Jones Industrial Average lost more than 300 points, dragged down by a 3.4% drop in Caterpillar's stock. The S&P 500 fell 0.76% with major losses from airlines and cruise lines. The Nasdaq Composite dropped 1.12% as Facebook, Apple and Tesla all closed lower.The small-cap benchmark Russell 2000 fell 3.58%, for its worst day since June.Many regions of the world are seeing rising Covid-19 cases as highly contagious varian...