Treasury yields briefly climbed to highest level in about two weeks, signaling investors’ rising confidence in prospects for the U.S. economy.
Stocks
Shares listed on the mainland’s year-old Nasdaq-style technology board are trading at huge premiums to near-identical stocks in Hong Kong.
Investors were cheered by trade talks among senior U.S. and Chinese officials following weeks of escalating tensions between the world’s two largest economies.
The Chinese financial-technology giant controlled by Jack Ma released detailed financials for the first time as it gears up for what is likely to be a record-breaking IPO. The filing showed a highly profitable business with more than one billion annual active users on its Alipay app.
The FDA’s emergency-use approval of convalescent plasma for coronavirus victims prompted increased appetite for stocks, giving the index a fresh record.
When Ant Group goes public later this year, the Chinese financial-technology behemoth will likely earn a stratospheric market valuation that would place it at the top of companies listing globally for the first time.
The S&P’s latest record has reignited a longstanding debate about how much attention investors should pay to valuations.
Home-improvement stocks have been on the rise. As the pandemic keeps many Americans in their houses and apartments, more are interested in upgrading their spaces.
The S&P 500 edged toward a fresh high Friday and logged a fourth consecutive week of gains, its longest winning streak of the year.
Technology stocks pulled major U.S. indexes slightly higher, as a handful of companies continued to power the newly minted bull market.
Airbnb confidentially filed paperwork for an initial public offering with the Securities and Exchange Commission, marking a surprising turnaround for a company whose business was initially ravaged by the coronavirus pandemic.
U.S. stocks edged lower Wednesday, a day after the S&P 500 set its first record close since February, after Federal Reserve officials highlighted the uncertainties facing the economy.
The S&P 500 closed at its highest level ever Tuesday, capping a remarkable rebound fueled by unprecedented government stimulus and optimism among investors about the world’s ability to manage the coronavirus pandemic.
The broad stock index advanced as investors awaited further developments on the stimulus package and U.S.-China trade relations.
U.S. stocks rose Thursday as the number of Americans applying for unemployment benefits came in below expectations, but still held at historically high levels.
The S&P 500 is flirting with its record close from February, shortly before the coronavirus pandemic ravaged financial markets.
Here are seven major companies whose stocks moved on the week’s news.
U.S. stocks ended the week roughly where they started, leaving the S&P 500 hovering just below its February record and a remarkable rally stuck in neutral.
The Dow and S&P 500 slipped as data showed fewer Americans applied for jobless benefits and lawmakers in Washington remained far apart on a spending plan.
Makers of plug-in vehicles have led the advance amid a recovery in car sales in China and hopes that electric vehicles will become widely adopted.