·           The S&P 500 and the Nasdaq hit all-time closing highs on Tuesday, from positive developments in US-China trade and fresh progress in the medical battle against the coronavirus pandemic. The Dow, which has yet to reclaim its February high, ended the session lower. ·           Trade officials in Washington and Beijing reaffirmed their commitment to Phase One of a bilateral trade deal, but goodwill between the countries soured as China called a US spy plane’s flight thro ..read more

·           Wall Street wrapped up a record setting week with solid gains on the back of strong US economic data. ·           The Dow climbed 190.6 points, or 0.7%, to close at 27,930.33. The S&P 500 climbed 0.3% to end the day at 3,397.16, another closing record. Apple was the benchmark's biggest gainer, surging 5.2% ahead of its 4-for-1 stock split on Monday. The Nasdaq Composite advanced 0.4% to 11,311.80, also a record close. ·        &n ..read more

·           A broad rally led by tech-related stocks saw the S&P 500 finish just short of its February record closing high; the index briefly surpassed its record closing level of 3,386.15 from 19 Feb, reaching as high as 3,387.89 during intraday trading. ·           The Nasdaq and Dow also rose sharply. The Dow Jones Industrial Average rose 1.0% to 27,976.8, the S&P 500 was up 1.4% to 3,380.4 while Nasdaq Composite rose 2.1%, to 11,012.2. ·       ..read more

·           The S&P 500 and the Dow snapped a seven-day streak of gains and fell on growing uncertainty about a stalemate in Washington over a fiscal stimulus pact. ·           US Senate Republican leader Mitch McConnell said that White House negotiators had not spoken on Tuesday with Democratic leaders in the US Congress on coronavirus aid legislation after talks broke down last week. ·           Investors have been hoping Re ..read more

·           Investors are assessing simmering tensions between the US and China, as well as progress in talks between Democrats and Republicans on negotiating a broader additional virus relief package. Value stocks, which tend to outperform growth coming out of a recession, have seen a lift in recent days. ·           The Dow Jones Industrial Average rose 1.3% to 27,791.44. The S&P 500 gained 0.27% to 3,360.47 and the Nasdaq Composite dropped 0.39%, to 10,968.36. ·  &nbs ..read more

·           Investors have been pushing stocks higher in recent days as pressure grows on Republicans and Democrats to resolve differences over a new US virus relief package, especially with jobs data painting a grim picture. Gains in precious metals suggest investors are nervous about the outlook for the global economy and seeking a hedge. ·           US economic data was mixed, with payroll gains slowing sharply in July, suggesting the pickup in coronavirus cases is putting the brak ..read more

·           Markets have been incredibly resilient; there is a big fear of missing out and it is the old stalwarts, the technology leaders that keep driving markets higher. The Nasdaq ended the session above 11,000 for the first time ·           Economic data released on Thursday painted a mixed picture as US Labour Department numbers showed a first fall in jobless claims in three weeks, although a separate report showed a 54% surge in job cuts announced by employers in July. The data ..read more

·           Investors are closely monitoring news for a new virus relief package, as negotiators seek to shrink the gap that remains between Republicans and Democrats. A rally in tech-related stocks and trillions of dollars in monetary and fiscal stimulus have lifted the S&P 500 to within about 3% of February’s record high. ·           The Dow Jones Industrial Average rose 0.62% to end at 26,828.47 points, while the S&P 500 gained 0.36% to 3,306.51. The Nasdaq Composite climbe ..read more

·           Investors are entering August looking past the disturbing rate of coronavirus infections and scattered moves to return major cities to lockdowns. Tech shares led the way, amid positive economic data and after the White House was said to be considering acting on its own to boost unemployment benefits. ·           The Dow Jones Industrial Average rose 0.89% to end at 26,664.4 points, while the S&P 500 gained 0.72% to 3,294.61. The Nasdaq Composite climbed 1.47% to 10,902 ..read more

·           At the end of its two-day policy meeting, the US Federal Reserve said it will keep its interest rate target range until it is confident the economy has weathered the coronavirus pandemic and is on track for maximum employment. Markets welcomed the news and extended gains, as this likely means that that monetary stimulus is going to remain accommodative for the foreseeable future. ·           The Dow Jones Industrial Average rose 160.29 points or 0.61% to 26,539.57, the S&a ..read more