NEW YORK - Shares of banks and petroleum-linked companies rocketed higher on Tuesday , lifting the Dow even as the Nasdaq retreated from its record in the prior session.
Quincy Krosby, chief market strategist at Prudential Financial, said the pullback in Nasdaq was probably due to profit taking. Coca-Cola rose 2.3 per cent after reporting better-than-expected profits, even though earnings slid 32 per cent to US$1.8 billion .
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SGX and Nasdaq to streamline exchange of regulatory information for dual listingsA NEW agreement between Singapore Exchange Regulation (SGX RegCo) and Nasdaq will facilitate the regulatory exchange of information on issuers that are dual-listed on both exchanges. This includes a streamlined framework for issuers seeking a secondary listing on SGX. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Nasdaq earnings expected to benefit from tech rallyNasdaq Inc is expected to report higher second-quarter earnings on Wednesday as hopes of a rapid recovery from the coronavirus pandemic sent ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Nasdaq jumps 2.5% to fresh record as big tech shares soarThe Nasdaq powered to another record on Monday (Jul 20) behind strong gains by Amazon, Microsoft and other tech giants ahead of earnings reports ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Nasdaq jumps 2.5% to fresh record as big tech shares soar[NEW YORK] The Nasdaq powered to another record Monday behind strong gains by Amazon, Microsoft and other tech giants ahead of earnings reports in the coming days. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US: S&P 500, Dow open flat as Covid-19 cases climb[NEW YORK] The S&P 500 and Dow indexes opened nearly flat on Monday as concerns about a jump in Covid-19 cases curbed risk appetite, with investors also hoping for more stimulus to shore up a battered global economy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »