NEW YORK, June 9 — Major Wall Street indices appeared headed for another choppy session early today, while so-called “meme” stocks gyrated.
Stocks were again near the flat-line as investors seek to assess whether inflation will emerge as a major threat to the recovery. The yield on the 10-year US Treasury note slipped early in the day, suggesting less worry on the inflation front. In other news, US President Joe Biden and Senate Republicans yesterday ended weeks of negotiations on an infrastructure package, with each side blaming the other for the talks’ collapse.
Meanwhile shares of Clover Health Investment jumped more than 12 per cent, while AMC Entertainment sank more than 11 per cent. Both companies are among the equities supported by investors on social media platform Reddit.The broad-based S&P 500 gained 0.1 per cent to 4,232.71, while the tech-rich Nasdaq Composite Index advanced 0.4 per cent to 13,978.96.
Among individual companies, Campbell Soup fell 5.4 per cent as it reported that sales dropped 11 per cent from the year-ago period to US$2.0 billion, reflecting a decline from the surge seen a year ago caused by pantry-loading in the early days of the pandemic. — AFP
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:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tokyo stocks open lower after mixed US close | Malay MailTOKYO, June 8 ― Tokyo stocks opened lower today after Wall Street shares lost steam following recent rallies. The benchmark Nikkei 225 index was down 0.15 per cent or 43.59 points at 28,975.65 in early trade, while the broader Topix index slipped 0.17 per cent or 3.36 points to 1,957.49....
Source: malaymail - 🏆 1. / 86 Read more »
Asia stocks open higher on record for MSCI's All-Country World Index | Malay MailHONG KONG, June 8 ― Asia stocks opened higher today, cruising in the slipstream of a record high overnight gauge of global equity markets, with investors hoping for inflation and monetary policy clues later in a week full of key central bank meetings and data points. Australia's S&P/ASX 200...
Source: malaymail - 🏆 1. / 86 Read more »
Travel, real estate stocks take European shares to fresh peaks | Malay MailBRUSSELS, June 8 — European stocks hit new highs today, lifted by travel and real estate shares, but weak German industrial output data and doubts over the United Kingdom lifting restrictions later this month capped gains. The pan-European STOXX 600 index was flat after notching a record high...
Source: malaymail - 🏆 1. / 86 Read more »
Stocks touch new highs as volatility eases, dollar gains | Malay MailNEW YORK, June 9 — A global equity benchmark and two key European stock indexes touched new highs yesterday, while the dollar rose in anticipation of faster inflation as volatility eased to lows last seen before the coronavirus pandemic. Yields on US Treasury debt fell to their lowest in more...
Source: malaymail - 🏆 1. / 86 Read more »