• S&P 500 opens at record high, after the Federal Reserve signals a rate cut

    27 days ago - By ETF Daily News

    From Shreyashi Sanyal :
    - A rally on Wall Street lost strength on Thursday after the S&P 500 index touched a record high, powered by the Federal Reserve's signals that it could cut interest rates as early as July to combat growing risks to global and domestic growth.
    The U.S. central bank left rates unchanged at the end of its two-day June policy meeting on Wednesday, but pledged to “act as appropriate” to sustain economic health.
    Wall Street's main indexes have gained in recent weeks on expectations of a rate cut and hopes of a revival of trade talks between the United States and China...
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  • Global stocks jump; dollar and yields fall after Fed rate-cut signal

    27 days ago - By Reuters

    World stock markets gained on Thursday, with the U.S. benchmark S&P 500 hitting a record high, while the 10-year U.S. Treasury yield fell below 2% as investors digested a signal from the Federal Reserve of potential U.S. interest rate cuts as soon as its next meeting.
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  • S&P 500 breaks intraday record, powered by Fed's hint of rate cuts

    27 days ago - By Washington Post

    The S&P 500 set the new mark, 2,956.33, shortly after markets opened. The Dow Jones industrial average also surged, climbing more than 250 points and coming within 1 percent of its own record, in morning trading.
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  • Slack stock is surging more than 50% on its first day trading in an unusual 'direct listing'

    Slack stock is surging more than 50% on its first day trading in an unusual 'direct listing'

    27 days ago - By Business Insider

    Shares of Slack shot up more than 50% within moments of beginning trading on the public markets Thursday.
    The workplace chap app listed shares via an unusual direct listing on Thursday, with existing shareholders bypassing the traditional IPO process and underwriters, to sell shares directly to the public. Slack's stock was set to begin trading at a reference price of $26 a share, but quickly surged to $41,90.
    This story is developing...
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  • Fed rate-cut signal sends stocks surging, wounds yields, dollar

    27 days ago - By Reuters

    World stock markets surged on Thursday, with the U.S. benchmark S&P 500 hitting a record high, while the 10-year U.S. Treasury yield fell below 2% as investors digested a signal from the Federal Reserve of potential U.S. interest rate cuts as soon as its next meeting.
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  • US stocks are on pace for a record day after early surge

    27 days ago - By Chron

    NEW YORK - An early surge on the stock market Thursday put the S&P 500 index on track for another record high and erased the market's losses from a brutal sell-off in May.
    The S&P 500 rose 1% as of 10 a.m. Eastern time and was slightly above the record close it reached April 30. The index has now wiped out its losses from May, when growing economic jitters prompted a 6.6% dive.
    Technology stocks were the biggest gainers in a sign that investors are in a bullish mood and hungry for riskier holdings. Oracle rose 6.5% after it reported solid financial results. Microsoft gained 1.1%. Health...
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