Dow takes a dive in final hours to join Nasdaq in the red
The Dow had been up more than 275 points early Monday afternoon but closed down 35
4:09pm: Alphabet and Facebook fall on Citigroup downgrades
Despite crossing the 35,000 threshold and gaining more than 275 points earlier in the Monday session, the Dow torpedoed as the day waned to end down 35 points, 0.1%, at 34,743. The Nasdaq lost 350 points, 2.6%, to 13,402, and the S&P 500 gave up 44 points, 1%, to 4,188.
Alphabet Inc (NASDAQ:GOOG) shares fell more than 2% to $2,342, and Facebook Inc (NASDAQ:FB) stock slipped more than 4% to $305.97 after Citigroup analysts downgraded both companies to Neutral ratings.
Dow climbs to a fresh record high, tech weakness sinks Nasdaq
Meanwhile, private sector figures showed 742,000 jobs were added last month, up from 565,000 in March
4:15pm: Major indices end mixed
The Dow ended Wednesday up 97 points, 0.3%, at a record close of 34,230. The Nasdaq, meanwhile, slumped 51 points, 0.4%, to 13,582, and the S&P 500 added 3 points to 4,168.
12:27pm: Peloton shares swoon on recall news
The Dow enjoyed a volatile morning, including a dip into the red before climbing 136 points, 0.4% at 34,264, which would be a record, at midday. The Nasdaq was up 81 points, 0.6%, to 13,714, while the S&P 500 added 21 points, 0.5%, to 4,185.
“While ADP numbers fell short of some of the loftier expectations today, a 742,000 increase in job numbers is welcome news, and when coupled with strong Markit and ISM services PMI readings it is clear that the world’s largest economy is well on the way to a recovery,” IG Chief Market Analyst Chris Beauchamp wrote.
FTSE 100 pares losses; JP Morgan apologises for European Super League kerfuffle
London s leading index was down 14 points to 6,923
FTSE 100 down 14 points
JP Morgan apologises
3.30pm: JP Morgan apologises for European Super League kerfuffle
FTSE 100 pared its losses before close and was down 14 points to 6,923.
US investment bank JP Morgan Inc (NYSE:JPM) has apologised for its role as the financier of the proposed European Super League (ESL) and said it misjudged the mood of the European football public.
The Wall Street giant had arranged a £4bn finance package to bankroll the project, but it collapsed within days of being announced due to a furious backlash from fans, players and politicians.
Article content
New York, April 23, 2021 (GLOBE NEWSWIRE) Proactive, provider of real-time news and video interviews on growth companies listed in the US and Canada, has covered the following companies:
Real Luck Group cheers House of Commons passing of bill that would legalize sports betting in Canada click here
Tetra Bio-Pharma Inc (TSE:TBP) (OTCQB:TBPMF) (FRA:JAM1) ships inhaled cannabis drug QIKLEEF to US ahead of opioid comparision study in patients with breakthrough cancer pain click here
Bragg Gaming Group Inc (TSE:BRAG) (OTCMKTS:BRGGF) (FRA:SL4A) cheers Canada’s successful passing of Bill C-218 to legalize single-event sports betting click here