Dow plunges nearly 475 points; Nasdaq buoyed by late tech gains
The Nasdaq initially appeared headed for a soundly negative session, but big tech found its footing as the day went on
4:10pm: Amazon and Netflix carry Nasdaq to flat
The Dow closed down 474 points, 1.4%, at 34,269. The Nasdaq ended just 12 points lower at 13,389, and the S&P 500 lost 36 points to end at 4,152.
Tech shares stumbled out of the gate, and initially the Nasdaq appeared headed for a negative day, but the index found its footing led by Amazon.com (NASDAQ:AMZN) and Netflix Inc (NASDAQ:NFLX), both of which saw shares gain more than 1%.
Dow adds more than 300 points to record close, Nasdaq turns positive in afternoon jump
Traders reacted to jobless claims falling to 498,000 last week, well below the 538,000 expected
4:20pm: PayPal shares pop on earnings beat
Traders stepped on the gas in the final hours, propeling the Dow 318 points higher, a gain of nearly 1%, to a record 34,549. The Nasdaq gained 50 points, 0.4%, to 13,633 after spending most of the day in the red, and the S&P 500 picked up 34 points, 0.8%, to finish at 4,202.
PayPal Holdings Inc (NASDAQ:PYPL) got in on the gains after the company reported earnings that came in ahead of expectations and revenue that jumped 31% year-over-year. Shares gained nearly 2% to $252.02.
FTSE 100 holds on to slight gains; Wall Street digests positive jobless claims data
Companies
FTSE 100 holds on to slight gains; Wall Street digests positive jobless claims data
The UK blue chip index closed higher after positive economic news
FTSE 100 adds 37 points
US stocks see mixed performance
UK service sector growth fastest since 2013
5:05pm: BoE meeting propels FTSE to positive day
The FTSE 100 ended Thursday up 37 points, 0.5%, at 7,076, while the FTSE 250 added 105 points, 0.5%, to 22,491. UK stocks have managed to stave off any of the losses seen on mainland Europe, with a positive assessment from the Bank of England highlighting a strong 2021, IG Senior Market Analyst Joshua Mahony said. The Bank of England meeting gave plenty of grounds for optimism, with the bank raising forecasts to predict the best year of growth since the second world war. The dramatic upgrade in growth forecasts saw the bank predict a rate of 7.25% over the course of 2021; up from the
Dow adds more than 300 points to record close, Nasdaq turns positive in afternoon jump
Traders reacted to jobless claims falling to 498,000 last week, well below the 538,000 expected
4:20pm: PayPal shares pop on earnings beat
Traders stepped on the gas in the final hours, propeling the Dow 318 points higher, a gain of nearly 1%, to a record 34,549. The Nasdaq gained 50 points, 0.4%, to 13,633 after spending most of the day in the red, and the S&P 500 picked up 34 points, 0.8%, to finish at 4,202.
PayPal Holdings Inc (NASDAQ:PYPL) got in on the gains after the company reported earnings that came in ahead of expectations and revenue that jumped 31% year-over-year. Shares gained nearly 2% to $252.02.
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FTSE 100 closes in the red, Wall Street fares no better
On the plus side, we ve got this far without rehashing the old Star Wars May the fourth joke . d oh!
FTSE 100 dips 47 points
Wall Street follows world markets lower
Ocado the weakest blue-chip
5.15pm: Both sides of the Atlantic struggling
The FTSE 100 ended Tuesday down 47 points, 0.7%, at 6,923, despite a promising start to the day. The FTSE 250 lost 167 points, 0.7%, to 22,330.
Markets have been rocked by a wave of volatility on an otherwise inconspicuous day, with sharp declines in the DAX and Treasury yields, and cryptos giving way to dollar and gold gains, IG Senior Market Analyst Joshua Mahony wrote. .Airlines have received a welcome lift as Europe moves closer to resuming non-essential travel, with the UK government expected to spell out exactly what countries fall into each category of the traffic light system. Nonetheless, the resumption of flights does bring its risks, with more infectiou