Tech stocks extend S&P 500’s rally to seventh straight session | Malay Mail

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NEW YORK, Aug 28 — The S&P 500 rose today, extending a six-day rally led by technology stocks as the prospect of super-low interest rates for a prolonged period and bets on a medical solution to the Covid-19 pandemic spurred risk appetite. The tech sector’s 0.7 per cent rise provided the...

A Wall Street sign is seen in front of the New York Stock Exchange in New York's financial district, March 4, 2013. — Reuters pic

The Federal Reserve on Thursday unveiled a plan to support inflation and restore the US economy from its biggest downturn since the Great Depression. The S&P 500 and the Nasdaq have scaled record highs and the benchmark is on track for its best August in 34 years, partly powered by a rally in technology stocks, while the blue-chip Dow traded above the break-even level for 2020.

Meanwhile, the US election campaign entered its final stretch with US President Donald Trump’s Republican nomination for a second term. Analysts expect market volatility to increase again ahead of voting in November. Coca-Cola Co gained 0.8 per cent as it announced plans to nearly halve its operating units and offer voluntary separation to 4,000 workers.

 

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European stocks end higher on tech boost, stimulus hopes | Malay MailLONDON, Aug 27 — European stocks closed higher yesterday as news of additional stimulus in Germany and anticipated economic recovery measures in France overcame concerns about rising Covid-19 cases across the continent. The pan-European STOXX 600 index added 0.9 per cent, with German stocks up 1...
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Cyber attack halts New Zealand stock market for third straight day | Malay MailWELLINGTON, Aug 27 — Cyber attacks forced New Zealand’s stock exchange to halt trading today for the third time in as many days, its operator said today, just as the country’s corporate reporting season gets underway. The New Zealand Exchange (NZX) said the bourse was placed into a trading...
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European stocks end higher on tech boost, stimulus hopes | Malay MailLONDON, Aug 27 — European stocks closed higher yesterday as news of additional stimulus in Germany and anticipated economic recovery measures in France overcame concerns about rising Covid-19 cases across the continent. The pan-European STOXX 600 index added 0.9 per cent, with German stocks up 1...
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