Trends - Wall Street - Business Recorder

Wall Street

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

Business & Finance

Wall St Week Ahead-Tech retakes market lead as investors eye yields, earnings

The increases in many of these so-called value stocks have slowed lately, while U.S. Treasury prices have come galloping back in April after a sharp first-quarter sell-off.

Published 18 Apr, 2021 06:42pm

Business & Finance

Potential Boeing 737 MAX issue affects more of plane

NEW YORK: The potential electrical problem that prompted airlines to remove some 737 MAX planes from service has ...

Updated 18 Apr, 2021 10:30am

Markets

S&P 500, Dow hit record highs on bank earnings boost

S&P 500, Dow set for fourth straight week of gains.
Morgan Stanley wraps up earnings from big banks.
Strong US data boosts economic recovery hopes.
Indexes: Dow up 0.29%, S&P adds 0.07%, Nasdaq off 0.34%.

Published 16 Apr, 2021 07:55pm

Business & Finance

Morgan Stanley profit blows past estimates, flags credit event loss

The Wall Street powerhouse, however, recorded a total one-off loss of over $900 million that it said was related to a credit event and subsequent losses from "a single prime brokerage client."
Morgan Stanley was one of six banks who had exposure to Archegos Capital Management, a family office fund that defaulted on margin calls late last month and triggered a firesale of stocks across Wall Street.

Published 16 Apr, 2021 05:21pm

Markets

S&P 500, Dow hit record highs on upbeat earnings, strong retail sales

Bank of America Q1 profit more than doubles.
BlackRock edges higher as quarterly profit beats estimates.
PepsiCo up as it bets on higher soda sales.
Indexes up: Dow 0.65%, S&P 0.74%, Nasdaq 1.01%.

Published 15 Apr, 2021 08:17pm

Business & Finance

Bank of America profit more than doubles on reserve release boost

The second-largest US bank by assets unlocked $2.7 billion from its reserves and unveiled a $25 billion stock repurchase plan, betting on a swift economic recovery driven by rapid vaccinations.
Consumer banking revenue at the bank, however, fell 12% to $8.1 billion in the quarter ended March. Net interest income, a key measure of how much the bank can make from lending, fell 16% to $10.2 billion in the quarter.

Published 15 Apr, 2021 04:13pm

Markets

Wall Street rises as big banks kick off earnings season

Goldman Sachs up as profit jumps on record dealmaking.
JPMorgan falls despite profit surging nearly five-fold.
Coinbase will list on Nasdaq later in the day.
Indexes up: Dow 0.44%, S&P 0.10%, Nasdaq 0.11%.

Published 14 Apr, 2021 08:09pm

Business & Finance

Goldman profit smashes expectations on booming investment banking

Overall investment banking revenue rose 73% to $3.77 billion, its highest since 2010, while equities trading surged 68% as a jump in trading by ordinary investors fed stock market volatility.
Global investment banking fee hit an all-time record of $39.4 billion during the March quarter, according to Refinitiv data.

Published 14 Apr, 2021 05:11pm

Markets

US stocks dip ahead of earnings, data deluge

About 15 minutes into trading, the Dow Jones Industrial Average was down 0.1 percent at 33,768.08.

Published 12 Apr, 2021 08:04pm

Markets

Dovish Fed lifts Wall Street stock futures to record high

S&P stock futures hit record highs.
European shares at record levels.
Crude oil slips after rise in US gasoline stocks.
Fed's Powell to speak at IMF event at 1600 GMT.
Weekly US jobless claims data due at 1230 GMT.
ECB reassures on accommodative monetary policy.

Published 08 Apr, 2021 05:41pm

Markets

Wall Street inches up, Treasury yields pare losses after Fed minutes

All three major U.S. stock indexes gained some ground and the S&P 500 and the Dow were last in positive territory, with economically-sensitive small caps and transports lagging.

Updated 08 Apr, 2021 09:06am

Markets

Wall St treads water after record rally on economic rebound hopes

Economy-linked stocks outperform.
Job openings rise more than expected in Feb.
Indexes: Dow flat, S&P up 0.08%, Nasdaq rises 0.10%.

Published 06 Apr, 2021 08:11pm

Markets

European markets rally in Wall Street catch-up

In Asia, Sydney, Seoul, Mumbai, Jakarta, Taipei and Manila stock markets all rose.

Published 06 Apr, 2021 04:55pm

Markets

US stocks jump amid signs of vaccine economic bounce

About 30 minutes into trading, the Dow Jones Industrial Average was up 0.9 percent at 33,437.63.

Published 05 Apr, 2021 09:21pm

Markets

GameStop plans $1bn stock sale, shares slide

The company said it would sell up to 3.5 million shares and use the proceeds to speed up the shift in its business model to e-commerce in an overhaul being led by top shareholder and board member Ryan Cohen.
GameStop's stock has gained more than 900% so far this year, giving the company a valuation of as much as $34 billion at one point as retail traders bet against Wall Street hedge funds that had shorted its shares.

Published 05 Apr, 2021 05:26pm

Markets

Microsoft and Amazon lead S&P 500 to 4,000 points

The Nasdaq remained about 5pc below its Feb. 12 record high close, still smarting as higher U.S. bond yields hurt technology stocks.

Published 01 Apr, 2021 11:56pm

Markets

S&P 500 hits 4,000 mark on tech strength, reopening optimism

Weekly jobless claims unexpectedly rise.
Micron jumps after upbeat revenue forecast.
J&J shares slip on problem with COVID-19 vaccine batch.
Indexes up: Dow 0.19%, S&P 0.70%, Nasdaq 1.51%.

Published 01 Apr, 2021 07:11pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 8	278.28
USD PKR Interbank Buying / May 8	278.03
USD to Japanese Yen / May 8	155.51
USD to Swiss Franc / May 8	0.91
Pound Sterling to USD / May 8	1.25
Euro to USD / May 8	1.07

Stock	Volume
S&P 500 / May 8	5187.67
India Sensex / May 8	73466.39
Tokyo Nikkei / May 8	38202.37
Nasdaq / May 8	16302.76
Hang Seng / May 8	18313.86
FTSE 100 / May 8	8354.05
Dow Jones / May 8	39056.39
Germany DAX 30 / May 8	18498.38

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	19935
Crude Oil USD/Barrel / May 8	78.99
Gold 10 Grams PKR / May 8	205075
Gold Spot USD/Ounce / May 8	2308.85
Cotton US¢/pound / May 8	80.06
Petrol/Litre / May 9	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 9 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 9 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 9 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 9 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 9 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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