United Kingdom  

Nasdaq surges on megacap earnings

Video Credit: Reuters Studio - Duration: 01:27s - Published
Nasdaq surges on megacap earnings

Nasdaq surges on megacap earnings

The Nasdaq jumped more than 1% on Friday, powered by strong earnings from some of the largest U.S. companies, but the Dow and S&P finished with smaller gains as uncertainty about the government's next round of coronavirus aid kept economic worries on the radar.

Fred Katayama reports.


You Might Like


💡 One News Page Knowledge: Other News Mentions

Nasdaq American stock exchange

Wall Street rebounds to snap three-day skid [Video]

Wall Street rebounds to snap three-day skid

Wall Street's main indexes ended higher Wednesday to snap a three-session losing streak as investors jumped back in to take advantage of the pullback in technology-related stocks, a day after the Nasdaq confirmed correction territory. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:25Published
Tesla Stock Rallies 10% [Video]

Tesla Stock Rallies 10%

On Wednesday, Tesla shares rallied as much as 10%. The rally added about $32 billion in market value to the company. Other tech stocks like Apple, Amazon were also in the green after the Nasdaq tumbled a record 10% in three trading days. On Tuesday, Elon Musk's Tesla saw its stock price plunge 21%, erasing $82 billion from its market capitalization. Business Insider reports that Tesla completed a $5 billion share sale and a five-for-one stock split last week.

Credit: Wochit News    Duration: 00:34Published
Nasdaq drops 4% into correction territory [Video]

Nasdaq drops 4% into correction territory

U.S. stocks closed lower for a third straight session Tuesday as tech stocks extended their sell-off to send the Nasdaq into correction territory, while Tesla suffered its biggest daily percentage drop after the stock was passed over for inclusion in the S&P 500. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:27Published
Don't buy Thursday’s dip: strategist [Video]

Don't buy Thursday’s dip: strategist

As the Nasdaq fell 5% intraday Thursday, Crossmark Global Investments' Victoria Fernandez, who last month advocated trimming positions on big cap tech stocks, says the market may have further to drop. She tells Reuters' Fred Katayama investors should later buy consumer staples, utility, and energy stocks.

Credit: Reuters Studio    Duration: 04:14Published
Dow Climbs 455 points While S&P 500 Sets Record [Video]

Dow Climbs 455 points While S&P 500 Sets Record

US stocks climbed on Wednesday with the S&P 500 and Nasdaq composite extending records. According to Business Insider, both indexes closed at all-time highs on Tuesday. The rally was partly spurred by sectors that have underperformed in 2020, including utilities and financials. Traders are closely watching for signs that Congress will sign on for another pandemic stimulus bill soon. Treasury Secretary Steven Mnuchin on Tuesday encouraged Congress to pass stimulus measures.

Credit: Wochit News    Duration: 00:32Published

S&P Global Ratings S&P Global Ratings American credit rating agency


Dow Jones Industrial Average Dow Jones Industrial Average Stock market index

Wall St. rocked by historically high jobless claims [Video]

Wall St. rocked by historically high jobless claims

The Dow ended lower for the first time in five sessions amid a broad-based sell across Wall Street after data showed high levels of weekly jobless claims. Conway G. Gittens has more.

Credit: Reuters Studio    Duration: 02:02Published
Dow Drops 320 Points [Video]

Dow Drops 320 Points

On Thursday, US stocks fell 320 points. The drop comes even as weekly jobless-claims data came in better than expected. Business Insider reports that weekly jobless claims fell by more than 30,000 from the previous week, to 860,000. Tech stocks led the decline. Investors continued to process Federal Reserve Chairman Jerome Powell's comments expressing uncertainty about the economic recovery. Powell also said the Fed didn't expect to raise interest rates until at least 2023.

Credit: Wochit News    Duration: 00:43Published
Dow Drops 406 Points [Video]

Dow Drops 406 Points

On Thursday, US stocks sank in turbulent trading. Falling tech giants dragged on benchmark indexes. Tech names had rebounded on Wednesday. However, they resumed their downward spiral as investors shunned their still lofty valuations. Traders also mulled weekly jobless-claims data that signaled lasting pain in the US labor market. Jobless claims totaled 884,000 for the week that ended on Saturday, missing the economist estimate of 850,000.

Credit: Wochit News    Duration: 00:39Published
Dow turns positive for 2020 [Video]

Dow turns positive for 2020

The bull market kept rolling along Friday with the S&P 500 and Nasdaq once again closing at record heights and the Dow made progress by erasing all of its losses for the year. Conway G. Gittens has the details

Credit: Reuters Studio    Duration: 02:08Published

Fred Katayama journalist

LVMH may find most sales are final [Video]

LVMH may find most sales are final

France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:26Published
Trump to block TikTok, WeChat downloads Sunday [Video]

Trump to block TikTok, WeChat downloads Sunday

The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security threat. Fred Katayama reports.

Credit: Reuters - Politics    Duration: 01:12Published
ByteDance faces big hurdles over TikTok [Video]

ByteDance faces big hurdles over TikTok

China's ByteDance faces an uphill struggle to convince the White House to allow it to keep majority ownership of its popular short video app TikTok in the United States, according to former national security officials and regulatory lawyers. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:51Published
U.S. consumer spending loses steam [Video]

U.S. consumer spending loses steam

U.S. consumer spending slowed in August, with a key retail sales gauge unexpectedly declining, as extended unemployment benefits were cut for millions of Americans, offering more evidence that the economic recovery from the COVID-19 recession was faltering. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:16Published

Tweets about this


Related videos from verified sources

Tech lifts Nasdaq to record close [Video]

Tech lifts Nasdaq to record close

The Nasdaq surged to a record high close Monday, while the S&P 500 approached its own record level, with both indexes lifted by Nvidia and other technology stocks. Fred Katayama reports.

Credit: Reuters Studio     Duration: 01:15Published