Stocks Rise While Tech Rally Falters; Oil Gains: Markets Wrap
(Bloomberg) — U.S. stocks rose for a third day, though the surge in megacap tech shares wobbled, as Congress negotiated a fresh relief package and European leaders agreed on a landmark recovery plan. Oil jumped. The S&P 500 added to its highest…
U.K. Lawmakers Point to Trump in Push for ‘Fake News’ Regulation
(Bloomberg) — U.S. President Donald Trump’s amplification of online fake news helped drive U.K. lawmakers’ urgent recommendation for social media regulation, according to a report published Tuesday. The paper on misinformation and other “online…
Stock futures rise as investors eye stimulus in the EU, US
Stock futures rose Tuesday morning, following global equities higher after European Union leaders agreed to a breakthrough fiscal stimulus deal to help support the virus-stricken region. The risk rally also sent crude oil prices up more than 2% to more…
S&P 500, Nasdaq rise on vaccine hopes, tech boost
By Devik Jain and Medha Singh (Reuters) – The S&P 500 rose on Monday as promising early data on a host of COVID-19 vaccine candidates countered fears over a surge in infections, while gains in technology stocks put the Nasdaq on track for a…
US STOCKS-S&P 500, Nasdaq rise on vaccine hopes, tech boost
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) * Nasdaq on track for record closing high * Chevron slips after agreeing to buy Noble Energy for $5 bln * Halliburton rises after quarterly results * Pfizer up on securing…
Inside the power struggle over the high-stakes hearing with top tech CEOs
A week ahead of the congressional hearing of four of the most powerful tech industry CEOs, the power struggle has already started. Lawmakers and advocacy groups are jockeying to shape the logistics of the first-of-its-kind July 27 gathering where the…
Buy These Diverse Tech Stocks?
Zacks Stocks In The News · Snap, Microsoft & Intel Earnings: Buy These Diverse Tech Stocks? On today’s episode of Full Court Finance here at Zacks, Ben Rains previews a busy week of earnings reports from some big names in tech to help investors…
Stocks Hit Highest Since February on Tech Rally: Markets Wrap
(Bloomberg) — U.S. stocks advanced to the highest since February, with the stay-at-home trade thriving even as investors received encouraging news on a potential virus vaccine. The dollar weakened to an almost six-week low. The S&P 500 turned…
Tech Stocks Lead Market Higher Monday
A big move from some outsized players late in Monday’s session led three of the four major indexes into the green by the closing bell. Led by an 8% jump in Amazon AMZN shares (on no actual news relating to the company; Amazon does not report Q2 earnings…
Tech Firms Begin to Abandon Hong Kong Because of Security Law
(Bloomberg) — China’s sweeping national security law has forced technology firms to reconsider their presence in Hong Kong. The nimblest among them — the city’s startups — are already moving data and people out or are devising plans to…