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Wall Street

Walmart wants to go viral with TikTok, Wall Street thinks it can

The retailer revealed plans to join Microsoft Corp in a bid for the social media firm's US assets.
Connecting with a younger audience is vital to Walmart's long-term outlook, especially as more digitally native generations move into their prime consumption years.

Published 28 Aug, 2020 08:13pm

Markets

Gravity-defying global stock markets to end 2020 below pre-COVID highs

Share prices have surged as much as 57% since hitting a bottom in late March, as traders and investors quickly switched their focus from what is sure to be the deepest economic recession on record to how swiftly the world may recover.

Published 27 Aug, 2020 10:12am

Markets

Tepid start for Wall Street stocks after record day

The benchmark Dow Jones Industrial Average was nearly flat at 28,305.18.

Published 25 Aug, 2020 08:37pm

Business & Finance

Wall Street Week Ahead: No elk or trout, but Fed's virtual retreat may stoke market's 'animal spirits'

Powell will discuss the Fed’s monetary policy framework review - a review it has been undertaking for nearly two years into how it conducts monetary policy - on the opening day of the Kansas City Fed’s annual symposium on Thursday.

Published 22 Aug, 2020 10:25am

Markets

Wall Street slips as jobless claims climb back to 1 million

Weekly jobless claims back over 1 million.
Nvidia dips as data center business results disappoint.
L Brands rises after posting a surprise profit.
Intel jumps after announcing $10-bln share buyback plan.
Indexes: Dow falls 0.28%, S&P down 0.11%, Nasdaq up 0.34%.

Published 20 Aug, 2020 07:23pm

Markets

Wall St set to extend slide as jobless claims top 1 million again

Weekly jobless claims back over 1 million.
Nvidia dips as data center business results disappoint.
L Brands rises after posting a surprise profit.
Intel jumps after announcing $10-bln share buyback plan.
Futures down: Dow 0.38%, S&P 0.39%, Nasdaq 0.21%.

Published 20 Aug, 2020 06:50pm

Markets

Wall Street ends lower after Fed minutes highlight difficult economic recovery

S&P 500 touches record high for second consecutive session.
Nasdaq hits record high for third straight day.
Fed strikes cautious tone in minutes.

Published 20 Aug, 2020 01:14am

Business & Finance

Wall Street kicks off big retail earnings week on high note

The Dow Jones Industrial Average rose 39.03 points, or 0.14%, at the open to 27,970.05.

Published 17 Aug, 2020 09:23pm

Markets

Wall Street Week Ahead: Biden victory? Disputed election? Wall Street prices in November outcomes

Though elections have loomed large on investors’ radar this year, their influence on markets has taken a backseat to the coronavirus pandemic and unprecedented stimulus from U.S. policymakers.

Published 15 Aug, 2020 09:59am

Markets

Wall Street ends mixed as new aid deal remains elusive

- Nasdaq was down 0.4 percent to 10,968.36, but the Dow Jones Industrial Average gained 1.3 percent to end at 27,791.44.

Published 11 Aug, 2020 04:22am

Markets

Dow jumps, Nasdaq falls as Trump acts in absence of aid deal

Democratic House Speaker Nancy Pelosi met several times last week with Treasury Secretary Steven Mnuchin to try to reach a compromise deal on a new aid package.

Published 10 Aug, 2020 07:54pm

Markets

Wall St Week Ahead-Bargain-hunters look to US real estate stocks as S&P nears records

Yet investors say stocks in the sector could jump if a coronavirus vaccine loosens the pandemic's hold on the US economy.
You're going to find more attractive spots in the REIT space than you will in some areas of the market like technology.

Published 08 Aug, 2020 02:22am

Markets

Slowing job growth weighs on Wall St as focus turns to stimulus

US economy added 1.76 mln jobs in July – report.
Congress to continue talks on coronavirus relief bill.
Trump moves to ban WeChat, TikTok, amps up friction with Beijing.
Indexes off: Dow 0.34%, S&P 0.34%, Nasdaq 1.16%.

Published 07 Aug, 2020 11:33pm

Markets

Wall St ends higher as investors eye stimulus

Apple approaches $2 trillion market capitalization.
Top Senate Democrat says relief talks progressing.
AIG, Ralph Lauren slide after results disappoint.

Published 05 Aug, 2020 01:39am

Markets

Wall St opens lower on tough stimulus talks, mixed earnings

The Dow Jones Industrial Average fell 55.32 points, or 0.21pc, at the open to 26,529.45.

Published 28 Jul, 2020 08:32pm

Markets

Wall Street rises as investors watch stimulus, pandemic and earnings

Apple Inc, Amazon.com Inc, Facebook Inc and Alphabet Inc, all due to report earnings this week, were among the top boosters of the S&P 500.
The biggest gainers the S&P's 11 major sectors were technology and materials. Financials , utilities and energy lagged.

Updated 28 Jul, 2020 01:06am

Markets

Wall Street Week Ahead: Investors hedging, worry about exuberance, as U.S. risks rise

As a U.S. equity rally stalled this week, investors poured a net $24.5 billion into bonds, the third largest weekly inflows ever recorded, while pulling $3.8 billion out of stocks, according to BoFA Global Research.

Published 25 Jul, 2020 10:05am

Markets

Wall Street closes lower as Intel dives, earnings and pandemic weigh

As Intel plunges, rival AMD rises.
Drugmakers fall ahead of Trump's pricing order.
Honeywell, American Express dip after earnings reports.
Indexes down: Dow 0.68%, S&P 0.62%, Nasdaq 0.94%.

Updated 25 Jul, 2020 02:52am

Markets

Wall Street closes sharply lower on tech selloff

The sell-off steepened after a tech watchdog group reported that Apple Inc faces consumer protection investigations in multiple states.

Published 24 Jul, 2020 12:16pm

Markets

Wall Street closes sharply lower on tech selloff

The sell-off steepened after a tech watchdog group reported that Apple Inc faces consumer protection investigations in multiple states.
There has been a real disparity between growth and value and the narrowing has begun.

Published 24 Jul, 2020 01:31am

Markets

Wall St dips at open as labor market rebound slows

The Dow Jones Industrial Average fell 49.87 points, or 0.18pc, at the open to 26,955.97.

Published 23 Jul, 2020 09:31pm

Markets

Wall Street ends choppy session higher on mixed earnings, US stimulus debate

The major stock indexes oscillated for much of the day but ended in the black. The Nasdaq had the smallest gain, capped by a drop in Amazon.com shares.
Investors are starving for income and they can't get that in the bond market so they're looking to equities.

Published 23 Jul, 2020 01:20am

Markets

Wall Street closes higher, Nasdaq sets record as potential vaccines show promise

Amazon.com Inc and Microsoft Corp provided the biggest boosts to the Nasdaq and the S&P500, but industrials retreated, capping the Dow's gains.
"In the next few weeks there will start to be risk assessments made on how the size of the next round of financial stimulus," Sroka added.

Published 21 Jul, 2020 01:24am

Markets

Tech shares lead Wall Street higher as potential vaccines show promise

Nasdaq on track for record closing high.
Chevron slips after agreeing to buy Noble Energy for $5 bln.
Halliburton rises after quarterly results.
Moderna sinks on competitors' vaccine trial results.
Indexes up: Dow 0.14%, S&P 0.61%, Nasdaq 1.81%.

Published 21 Jul, 2020 12:56am

Markets

Wall Street Week Ahead: Fund managers navigate 'Night of the Living Dead' in small caps

Small-cap companies are expected to post a year-over-year earnings declines of approximately 90% as companies report their second-quarter results over the next several weeks.

Published 18 Jul, 2020 10:34am

Markets

Wall St set to open higher on optimism over economic recovery

Netflix falls as subscriber growth forecast disappoints
BlackRock rises as fixed-income investing boosts profit
Futures up: Dow 0.59%, S&P 0.67%, Nasdaq 1.10%.

Published 17 Jul, 2020 07:55pm

Markets

Wall St falls as virus fears eclipse upbeat retail report

Twitter falls as accounts of top voices hacked on its platform.
Bank of America slips as profit halves in Q2.
American Airlines says air travel demand slowing again.
Indexes down: Dow 0.47%, S&P 0.68%, Nasdaq 1.10%.

Published 16 Jul, 2020 08:13pm

Business & Finance

Demand for COVID-19 tests powers Abbott's forecast above estimate

The company forecast adjusted earnings of at least $3.25 per share for the year after suspending its outlook in April due to uncertainties over the outbreak.
Peer Quest Diagnostics Inc said earlier this week its second-quarter revenue would top analysts' estimates, largely due to growing demand for its COVID-19 tests.

Published 16 Jul, 2020 06:36pm

Markets

Wall Street rises on vaccine hopes, Goldman profit beat

Goldman Sachs jumps as trading revenue doubles.
Energy, industrial, financial stocks lead gains.
Indexes up: Dow 0.99%, S&P 0.81%, Nasdaq 0.47%.

Published 15 Jul, 2020 08:26pm

Markets

Wall St set to fall as COVID-19 case tally hits another record

Safe havens in demand as US COVID-19 cases surge.
Energy stocks slip on concerns over fuel demand.
Netflix rises after Goldman Sachs PT raise.
Futures down: Dow 0.75%, S&P 0.64%, Nasdaq 0.45%.

Published 10 Jul, 2020 08:10pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	154.33
USD to Swiss Franc / May 16	0.90
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 15	5308.15
Nasdaq / May 15	16742.39
Dow Jones / May 15	39908
India Sensex / May 16	72771.48
Tokyo Nikkei / May 16	38920.26
Hang Seng / May 16	19336.77
FTSE 100 / May 16	8411.75
Germany DAX 30 / May 16	18842.52

Item	Value
Crude Oil USD/Barrel / May 16	78.95
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2388.50
Cotton US¢/pound / May 16	76.84
Petrol/Litre / May 17	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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