Stock market today: Wall Street opens higher as it heads for a winning week

NEW YORK — Stocks are opening higher on Wall Street, keeping the market on track for its fifth gain in a row. The S&P 500 was up 0.1% in early trading Friday. The Dow Jones Industrial Average climbed 65 points, or 0.1%, and the Nasdaq composite edged up 0.1%. Gap soared 9% after reporting quarterly results that easily beat analysts’ estimates. EchoStar, parent company of the Dish satellite television provider, sank 8% after DirecTV called off its purchase of the company.

Geopolitical tensions pushed oil prices higher. On Thursday, President Vladimir Putin further escalated the war, announcing that Russia had fired a new intermediate-range ballistic missile at Ukraine in response to Kyiv’s use this week of American and British missiles capable of reaching deeper into Russia.

The index tracking the semiconductor sector fell 4%, and shares of Empyrean Technology Co., China’s leading electronic design automation developer, sank 8.2% on Friday. Hong Kong-listed shares of Semiconductor Manufacturing International Co., the largest semiconductor foundry company in mainland China, lost 6.7%.Bitcoin eclipsed $99,000 for the first time Thursday before pulling back toward $98,000, according to CoinDesk.

Nvidia rose just 0.5% after beating analysts’ estimates for profit and revenue yet again, but it was still the strongest force pulling the S&P 500 upward. It also gave a forecast for revenue in the current quarter that topped most analysts’ expectations due to voracious demand for its chips used in artificial-intelligence technology.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today: Wall Street opens lower as Big Tech stocks pull backNEW YORK (AP) — Wall Street is feeling the downside of high expectations as Microsoft and Meta Platforms lead U.S. stock indexes lower despite delivering strong profits for the summer. The S&P 500 was down 0.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Wall Street drifts after inflation update comes in as expectedNEW YORK (AP) — U.S. stocks drifted near their records after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates. The S&P 500 ended little changed Wednesday.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Wall Street drifts as Target tumblesNEW YORK (AP) — U.S. stocks drifted to a mixed finish, though the modest moves for indexes masked some thrashing underneath the surface. The S&P 500 ended barely changed Wednesday after trading lower for much of the day.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Wall Street drifts ahead of Election Day, while oil rises and yields sinkNEW YORK (AP) — U.S. stocks drifted ahead of a momentous week full of potential flashpoints, while oil prices climbed and Treasury yields dropped. The S&P 500 slipped 0.3% Monday, even though the majority of stocks within the index rose.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Gains for Amazon and Intel help send Wall Street higherNEW YORK (AP) — Amazon and Intel are helping to pull U.S. stock indexes higher, while yields skid in the bond market following a surprisingly weak jobs report that was marred by hurricanes and other unusual occurrences. The S&P 500 was 0.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Wall Street rallies on Election Day as economy remains solidNEW YORK (AP) — U.S. stocks rallied as voters headed to the polls on the last day of the presidential election and as more data piled up to show the economy remains solid. The S&P 500 rose 1.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »