The government decided on Monday that markets and shopping malls in the country, barring those in Sindh, would close by 8pm as part of energy conservation measures. The decision was taken during a meeting chaired by Prime Minister Shehbaz Sharif in Islamabad, a statement by the PM’s Office said. It added that markets in divisional […]
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US stocks rebound, lifting S&P 500 to fresh record
The S&P 500 finished at a fresh record Tuesday as US stocks shook off early weakness and closed higher behind strength in industrials and energy shares. Analysts cited bargain-hunting as a factor in Tuesday’s bounce back following Monday’s lackluster session, which was dented by worries over global growth and the Delta variant of Covid-19. Art […]
US stocks fall on Delta worries, profit taking
Wall Street stocks fell Friday, concluding the week on a lackluster note on worries about the Delta variant of Covid-19 and profit taking after earlier gains. Analysts described investor unease as more companies delay or shift their return-to-office plans in light of the latest uptick in Covid-19 infections. Markets absorbed another round of mostly strong […]
US stocks mixed as markets digest earnings, Fed decision
The Nasdaq rallied while the Dow fell Wednesday as investors digested a slew of mostly positive earnings reports and a Federal Reserve decision that maintained accommodative monetary policies. One of the busiest 24-hour stretches of earnings season featured mostly strong reports from a litany of huge companies, including Apple, Google parent Alphabet, Starbucks and Boeing. […]
Tokyo stocks close higher on gains in US tech shares
Tokyo stocks closed higher on Thursday as investors took heart from gains in US tech shares after the Fed decided against any major changes to its monetary policy. The benchmark Nikkei 225 index rose 0.73 percent, or 200.76 points, to 27,782.42, while the broader Topix index gained 0.41 percent, or 7.78 points, to 1,927.43. “Rallies […]
Tokyo stocks close up, hailing smooth start of Olympics
Tokyo stocks closed higher on Monday as investors took heart from rallies on Wall Street and welcomed the start of the Olympics without any major trouble. The benchmark Nikkei 225 index rose 1.04 percent, or 285.29 points, to 27,833.29. The broader Topix index gained 1.11 percent, or 21.21 points, to 1,925.62. It was the first […]
Dow ends above 35,000 for first time as US stocks hit records
US stocks rocketed to fresh records Friday, with the Dow finishing above 35,000 for the first time, in anticipation of more blowout earnings next week after this week’s positive round of results. All three major indices finished the week at records, with the Dow Jones Industrial Average surging 0.7 percent to close at 35,061.55. The […]
US stocks end lackluster week on losing note
Wall Street stocks fell Friday, ending a lackluster week on a negative note amid uncertainty over the outlook for global growth and inflation. Analysts pointed to profit taking as a factor in Friday’s session and throughout the week following records earlier in the month. The losses pushed all three major indices into the red for […]
US stocks mostly fall in profit taking after records
Wall Street stocks mostly fell Thursday despite strong corporate results, with analysts pointing to profit taking after major indices hit records in anticipation of earnings season. All three major indices had finished at records last Friday and again Monday just ahead of Tuesday’s unofficial kickoff of earnings season. Wall Street has been bullish on the […]
US stocks end at records in rebound rally, with Dow up 1.3%
Wall Street stocks powered to fresh records Friday, shaking off concerns about global growth and the Delta variant of Covid-19 that had pressured equities the day prior. All three major indices closed at all-time highs, led by the Dow Jones Industrial Average, which finished up 1.3 percent at 34,870.16. The broad-based S&P 500 jumped 1.1 […]