S&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta worries | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

KUALA LUMPUR, Aug 4 — The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season. Ten of the 11 S&P indexes traded higher, with...

KUALA LUMPUR, Aug 4 — The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.

Apple Inc rose 1.26 per cent after sliding last week. Other heavyweight technology stocks, including Netflix Inc, Tesla Inc and Facebook Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq. Later in the week, focus will shift to data on the US services sector and the monthly jobs report for July.

Overall, earnings at S&P 500 firms are estimated to have climbed about 90 per cent in the second quarter versus forecasts of 65.4 per cent at the start of July, according to IBES data from Refinitiv.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 1. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks hit record highs as earnings help dispel early gloom | Malay MailBRUSSELS, Aug 3 — Strong earnings updates from oil major BP, banks and others drove European stocks to record highs today even as concerns lingered over rising Delta variant cases and China’s regulatory moves. After a hesitant start, the region-wide STOXX 600 index rose 0.2 per cent to hit an...
Source: malaymail - 🏆 1. / 86 Read more »