Trends - Wall Street - Business Recorder

Wall Street

European stocks pare losses as upbeat data lifts mood

The pan-European STOXX 600 index was down 0.1pc after falling as much as 0.8pc earlier in the session.

Published 04 Jun, 2021 12:42am

Markets

AMC stock drops 33pc as movie chain sets another share sale

AMC's shares traded 33.4% lower on Thursday at $41.10 after the company said it agreed to sell up to 11.55 million of its shares from time to time in an at-the-market program. A wave of buying from retail investors had helped AMC's share price nearly double to a record close of $62.55 in the prior session.

Published 03 Jun, 2021 08:55pm

Markets

Dow, S&P 500 rise on optimism about economic recovery

US manufacturing sector picks up in May – ISM.
Meme stocks extend gains; AMC Entertainment shares jump.
Data analytics firm Cloudera soars on plans to go private.
Indexes: Dow up 0.34%, S&P rises 0.10%, Nasdaq off 0.19%.

Published 01 Jun, 2021 08:46pm

Markets

Wall Street shrugs off inflation jump to move higher

The Dow Jones Industrial Average rose 120.79 points, or 0.35pc, to 34,585.43, the S&P 500 gained 13.23 points, or 0.31pc, at 4,214.11 and the Nasdaq Composite added 61.48 points, or 0.45pc, at 13,797.76.

Published 29 May, 2021 12:46am

Markets

U.S. yields fall on month-end impact; investors shrug off inflation rise

Barclays estimates that its duration index extends out 0.13 years, versus the long run average of 0.09 years, according to Rupert, which means asset managers need to buy Treasuries to hit that index.

Published 28 May, 2021 10:12pm

Markets

S&P 500, Dow inch higher as weekly jobless claims dip

Best Buy rises after raising comp sales forecast.
Boeing climbs after rival Airbus' strong forecast.
Indexes: Dow up 0.76%, S&P rises 0.35%, Nasdaq dips 0.10%.

Published 27 May, 2021 08:25pm

Markets

European stocks dip tracking inflation fallout

Asia's main stock markets had closed with gains ahead of the open on Wall Street, while the dollar was mostly higher.

Published 26 May, 2021 05:43pm

Markets

Frankfurt stocks hit record peak, euro jumps as outlook brightens

Frankfurt's DAX 30 index soared to an all-time peak at 15,568.60 points, before trimming gains in early afternoon deals.

Published 25 May, 2021 05:58pm

Markets

Asian markets mostly down as inflation trumps recovery optimism

Wall Street provided a tepid lead at the end of last week, though European equities were given a boost by upbeat eurozone economic data.

Published 24 May, 2021 08:35am

Markets

Wall Street falls for third day on inflation jitters ahead of Fed minutes

Crypto-related stocks take a hit as digital coins tumble.
US 10-year Treasury yield firms ahead of Fed minutes.
Indexes down: Dow 1.45%, S&P 1.50%, Nasdaq 1.64%.

Published 19 May, 2021 07:36pm

Markets

Wall Street lower

NEW YORK: Wall Street ended lower on Monday, weighed down by tech shares as signs of growing inflation worried...

Published 19 May, 2021 06:00am

Markets

S&P 500, Dow slip as telecom stocks eclipse upbeat results from retailers

Tesla slips as Michael Burry reveals short position.
Macy's jumps after raising earnings, sales forecasts.
Indexes: Dow down 0.2%, S&P falls 0.04 %, Nasdaq up 0.50%.

Published 18 May, 2021 08:46pm

Markets

Wall Street week ahead: Retailers set for earnings stage after turbulence

NEW YORK: Earnings reports from major retailers will be in focus next week after the US stock market suffered one of...

Published 17 May, 2021 06:14am

Markets

Japanese shares surge

TOKYO: Japanese shares gained on Monday, as a strong finish last week on Wall Street boosted risk appetite, while...

Published 11 May, 2021 04:39am

Markets

Asian stocks mixed after US jobs miss, oil up after cyber attack

Treasury Secretary said the data "underscores the long-haul climb back to recovery" but added that she was still confident the country would return to full employment next year.

Published 10 May, 2021 04:29pm

Markets

Futures flat after jobless claims data; drugmakers extend fall

Weekly jobless claims fall more than expected.
Pharma slides as Biden backs COVID-19 vaccine IP waiver.
ViacomCBS rises on beating quarterly revenue estimates.
Futures: Dow up 0.12%, S&P and Nasdaq flat.

Published 06 May, 2021 06:59pm

Markets

Wall Street rises as megacap stocks bounce; Dow hits record high

Energy and materials continued this week's momentum, leading gains among S&P 500 sectors, with a jump of 2.4pc and 1.1pc, respectively.

Published 05 May, 2021 11:45pm

Markets

S&P 500, Nasdaq rise as megacap stocks bounce; Boeing weighs on Dow

Boeing falls on new hurdle in 737 MAX electrical grounding issue.
US private payrolls increase solidly in April – ADP.
Dow down 0.14%, S&P up 0.13%, Nasdaq up 0.25%.

Published 05 May, 2021 08:22pm

Markets

Rotation out of megacaps set to weigh on Nasdaq at open

Pfizer up on lifting annual sales forecast for COVID-19 vaccine.
CVS Health higher on raising 2021 profit outlook.
Futures fall: Nasdaq 0.82%, Dow 0.40%, S&P 0.53%.

Published 04 May, 2021 07:41pm

Markets

Wall Street drifts lower; S&P 500 on track for third straight month of gains

Twitter plunges on grim outlook.
Chevron down as profit drops on weaker refining margins.
US consumer spending rebounds in March.
- Indexes down: Dow 0.42%, S&P 0.49%, Nasdaq 0.50%.

Published 30 Apr, 2021 08:25pm

Markets

Thursday’s early afternoon trade: S&P near record high; Facebook jumps, Apple slips

NEW YORK: The S&P 500 hovered near record highs on Thursday, helped by gains in Facebook and upbeat economic...

Published 30 Apr, 2021 05:06am

Markets

S&P 500, Nasdaq hit record highs on tech earnings boost, upbeat data

Apple, Facebook jump on strong earnings.
Communication services leads gains among S&P 500 sectors.
US economy accelerates in Q1; jobless claims edge lower.
Indexes up: Dow 0.39%, S&P 0.70%, Nasdaq 0.75%.

Published 29 Apr, 2021 07:52pm

Markets

Wall Street edges lower as Tesla, 3M weigh; big tech earnings in focus

Tesla slips despite revenue beat.
3M slides on warning of higher costs.
UPS jumps as revenue tops expectations.
Indexes down: Dow 0.07%, S&P 0.14%, Nasdaq 0.35%.

Published 27 Apr, 2021 08:32pm

Markets

US stocks dip as market digests Tesla, UPS results

About 20 minutes into trading, the Dow Jones Industrial Average was down 0.1 percent at 33,934.79.

Published 27 Apr, 2021 07:20pm

Iran fuel tanker attacked off Syria

BEIRUT: An Iranian tanker was attacked off Syria's coast Saturday sparking a fire, in the first assault of its kind...

Published 25 Apr, 2021 03:13am

Business & Finance

Wall Street sees long road ahead as Intel seeks to regain market share

"There are significant issues that must be overcome if this is to be a success, with investment ahead of time and profits unlikely until after 2025 if not later," Atlantic Equities analyst Ianjit Bhatti said.
"In the near term (2-3 years), we do not believe that Intel has an answer to AMD's market share gains."

Published 23 Apr, 2021 08:35pm

Markets

Futures slip as focus shifts to earnings from tech-related firms

Futures: Dow and Nasdaq drop 0.47%, S&P down 0.49%.
After blockbuster earnings from major US banks last week, analysts expect first-quarter profit for overall S&P 500 firms to jump 30.9% from a year earlier, according to Refinitiv IBES data.

Published 20 Apr, 2021 05:21pm

Markets

Stock markets, dollar retreat as Covid fears resurface

Investors were looking to "cash in some chips" to move back into real world assets, after more falls for bitcoin.

Published 20 Apr, 2021 04:13pm

Markets

Monday’s early trade: Wall Street slips from record levels

NEW YORK: Major US stock indexes fell from record levels on Monday as investors sought cues from first-quarter...

Published 20 Apr, 2021 04:00am

Business & Finance

Coca-Cola revenue rises past estimates on easing pandemic curbs

Net revenue rose to $9.02 billion in the first quarter, from $8.60 billion a year earlier, above analysts' average estimate of $8.63 billion, according to IBES data from Refinitiv.
Net income attributable to the company's shareholders fell to $2.25 billion, or 52 cents per share, from $2.78 billion, or 64 cents per share, a year earlier.

Published 19 Apr, 2021 04:27pm

Gainers
Losers
Leaders

Stock	Price
Reliance Ins. / Jul 5 Reliance Insurance Company Limited(RICL)	7.50 ▲ 0.96 (14.68%)
Popular Islamic / Jul 5 Popular Islamic Modaraba(PIM)	8.37 ▲ 1.00 (13.57%)
Ashfaq Textile / Jul 5 Ashfaq Textile Mills Limited(ASHT)	9.84 ▲ 0.94 (10.56%)
AKD Hospitality / Jul 5 AKD Hospitality Limited(AKDHL)	177.04 ▲ 12.35 (7.50%)
Allawasaya Tex / Jul 5 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1639.82 ▲ 114.40 (7.50%)
Sanofi-Aventis / Jul 5 Sanofi-Aventis Pakistan Limited(SAPL)	1327.20 ▲ 92.59 (7.50%)
Crescent Steel / Jul 5 Crescent Steel & Allied Products Limited(CSAP)	46.34 ▲ 3.23 (7.49%)
Feroze 1888 / Jul 5 Feroze1888 Mills Limited(FML)	74.64 ▲ 5.20 (7.49%)
Frontier Ceram / Jul 5 Frontier Ceramics Limited(FRCL)	27.90 ▲ 1.91 (7.35%)
Roshan Packages / Jul 5 Roshan Packages Limited(RPL)	16.29 ▲ 0.79 (5.10%)

Stock	Price
Indus Dyeing / Jul 5 Indus Dyeing & Manufacturing Co. Limited(IDYM)	212.66 ▲ -17.24 (-7.50%)
K.S.B.Pumps / Jul 5 KSB Pumps Company Limited(KSBP)	141.34 ▲ -11.46 (-7.50%)
Universal Network / Jul 5 Universal Network Systems Limited(GEMUNSL)	45.70 ▲ -3.70 (-7.49%)
Adamjee Life Assur. / Jul 5 Adamjee Life Assurance Company Limited(ALIFE)	21.01 ▲ -1.38 (-6.16%)
Huffaz Seamless / Jul 5 Huffaz Seamless Pipe Industries Limited(HSPI)	9.20 ▲ -0.55 (-5.64%)
Kohinoor Textile / Jul 5 Kohinoor Textile Mills Limited(KTML)	49.00 ▲ -2.00 (-3.92%)
Chakwal Spinning / Jul 5 Chakwal Spinning Mills Limited(CWSM)	1.73 ▲ -0.07 (-3.89%)
Soneri Bank Ltd / Jul 5 Soneri Bank Limited(SNBL)	9.15 ▲ -0.30 (-3.17%)
MithchellsFruit / Jul 5 Mitchells Fruit Farms Limited(MFFL)	96.00 ▲ -2.56 (-2.60%)
Saritow Spinning / Jul 5 Saritow Spinning Mills Limited(SSML)	7.80 ▲ -0.20 (-2.50%)

Stock	Volume
Pak Refinery / Jul 5 Pakistan Refinery Limited(PRL)	1,477,076 ▼ 0.00
G3 Technologies / Jul 5 G3 Technologies Limited(GTECH)	1,252,000 ▼ 0.00
TPL Properties / Jul 5 TPL Properties Limited(TPLP)	1,065,291 ▼ 0.00
WorldCall Telecom / Jul 5 Worldcall Telecom Limited(WTL)	1,010,500 ▼ 0.00
Azgard Nine / Jul 5 Azgard Nine Limited(ANL)	980,500 ▼ 0.00
Sui North Gas / Jul 5 Sui Northern Gas Pipelines Limited(SNGP)	969,396 ▼ 0.00
Telecard Limited / Jul 5 Telecard Limited(TELE)	618,500 ▼ 0.00
Ghani Glo Hol / Jul 5 Ghani Global Holdings Limited(GGL)	506,401 ▼ 0.00
Agritech Limited / Jul 5 Agritech Limited(AGL)	464,000 ▼ 0.00
MithchellsFruit / Jul 5 Mitchells Fruit Farms Limited(MFFL)	438,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 4	205.00
USD PKR Interbank Buying / Jul 4	204.80
USD to Japanese Yen / Jul 4	135.87
USD to Swiss Franc / Jul 4	0.96
Pound Sterling to USD / Jul 4	1.29
Euro to USD / Jul 4	1.04
UK LIBOR % / Jul 4	1.57

Stock	Volume
S&P 500 / Jul 4	3825.33
India Sensex / Jul 4	53234.77
Tokyo Nikkei / Jul 4	26153.81
Nasdaq / Jul 4	11127.84
Hang Seng / Jul 4	21830.35
FTSE 100 / Jul 4	7232.65
Dow Jones / Jul 4	31097.26
Germany DAX 30 / Jul 4	12773.38
France CAC40 / Jul 4	5954.65

Item	Value
Crude Oil USD/Barrel / Jul 4	110.43
Karachi Cotton PKR/37.32 KG / Jul 4	16880.00
Gold 10 Grams PKR / Jul 4	118900.00
Gold Spot USD/Ounce / Jul 4	1809.29
Cotton US¢/pound / Jul 4	97.48

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