S & P 500 ends at record high as Wall Street rises
Wall Street climbed, with the S&P 500 closing at a record high, as investors awaited cues from the Federal Reserve amid caution over rising borrowing costs spurred by massive fiscal stimulus. In a concrete sign that the worst of the damage from the pandemic may be over for the airline industry, Delta Air Lines, Southwest […]
Asia shares falls on worries over inflation, Fed outlook
Asian shares declined in early trade as Wall Street retreated on worries about accelerating inflation. This prompted investors to cut back on their exposure to growth-focused stocks on bets of higher interest rates in the not-too-distant future. A host of Federal Reserve speakers will likely to give markets plenty to consider as policymakers assess how […]
Slate of Google updates boost its smartwatch, work collaboration efforts
Alphabet Inc’s Google unveiled updates across many services. This includes Maps, Photos and operating systems. The company showcases its role in the world that has become more digitally connected during this pandemic. In the virtually-held Google I/O developer conference, there was an announcement as a boost for the company’s smartwatch efforts. This is going to […]
Fund managers see value, cyclical stocks running further despite slow US jobs recovery
Some technology stocks got a boost after a disappointing U.S. jobs report. Some portfolio managers say that blow-out earnings from several large technology companies over are not enough to keep making outsized bets on the sector. Instead, those fund managers say that they are continuing to rotate into value and cyclical stocks. But their fortune […]