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.
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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 ...
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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.
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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 ...
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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.
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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.
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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.
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