NEW YORK: Wall Street stocks retreated from records on Wednesday despite some strong earnings from retailers and Apple hitting a historic landmark as it became the first US company worthAnalysts pointed to profit-taking after Tuesday's session, which saw both the S&P 500 and Nasdaq end at all-time highs."You've had such a huge run," said Briefing.com analyst Patrick O'Hare.
Apple gained 0.1 per cent, retreating a bit from its peak earlier in the session when it became the first US company to reach US$2 trillion in market value, a surge that underscores how tech giants have benefited amid the pandemic.
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.
Apple tops US$2 trillion in market valueApple Inc became the first publicly listed U.S. company with a US$2 trillion stock market value on Wednesday, as Wall Street investors put aside ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Apple becomes first US company to hit US$2 trillion in market valueNEW YORK (AFP) - Apple on Wednesday (Aug 19) became the first US company to reach US$2 trillion (S$2.7 trillion) in market value in the latest demonstration of how tech giants have benefited from the upheaval of the coronavirus.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Asian stocks tick up after Wall Street cracks more recordsAsian equities were mostly firmer on Wednesday after a strong Wall Street session in which the S&P 500 hit an all-time high, rebounding from huge ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asia stocks at 7-month highs after Wall Street cracks more recordsSYDNEY (REUTERS) - Asian shares climbed to a seven-month peak on Wednesday (Aug 19) tracking the S&P 500, which scaled all-time highs driven by ever expanding policy stimulus aimed at cushioning the blow to economies from the coronavirus pandemic.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Seoul: Stocks rise, tracking Wall St rally; surging virus cases weigh[SEOUL] South Korean shares rose on Wednesday, somewhat recovering from a 2.5 per cent decline in the previous session, as global mood improved after the S&P 500 scaled a record peak overnight. Gains, however, were capped by the biggest one-day jump in domestic coronavirus cases in more than five months. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Wall Street sets upbeat tone for stocks, UK airlines jump[BENGALURU] European stocks closed higher on Wednesday following new record highs for Wall Street's main indexes, while UK airlines rallied on hopes of a shorter quarantine period for travellers. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »