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S&P 500 rides Microsoft, Amazon to record close above 4,000 | Money

Friday, 02 Apr 2021 05:59 AM MYT
Traders work on the floor of the New York Stock Exchange in New York, October 3, 2018. Reuters pic
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NEW YORK, April 2 The S&P 500 surged on Thursday to its first-ever close above the 4,000 mark, lifted by gains in Microsoft, Amazon and Alphabet, as well as optimism about a recovering US economy.
Microsoft, Amazon, Alphabet and Nvidia jumped 2 per cent or more, with those and other growth stocks showing signs of awakening after lagging in recent weeks behind so-called value stocks expected to outperform as the economy recovers from the coronavirus pandemic. ....

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Archegos fallout wipes $9 bn from market value of Credit Suisse, Nomura

LONDON/NEW YORK (Reuters) - Investors on Wednesday tallied the fallout from Archegos Capital s dramatic meltdown, with Nomura and Credit Suisse shares losing a collective $9 billion while heightened scrutiny of the hedge fund industry loomed.
The downfall of Archegos, a family office run by former Tiger Asia manager Bill Hwang, has rocked a handful of stocks that have been linked to the fund s massive margin call while weighing on shares of banks that did business with the New York-based fund.
Investors said it could also increase scrutiny of family offices while making money managers more wary of holding stocks that have experienced large, unexplained moves like many of the shares linked with Archegos margin call did. ....

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US stocks strike record highs, oil hits 13-month peaks | Money

NEW YORK, Feb 10 US stocks struck fresh record highs today as trading got underway amid stimulus hopes, while oil prices hit 13-month highs. Dealers remain upbeat about the chances of US President Joe Biden pushing through his US$1.9 trillion (RM7.6 trillion) economic rescue package despite. ....

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S&P 500, Dow ease from record highs; stimulus in focus | Money

LONDON, Feb 9 The Dow and the S&P 500 eased from record highs today as investors digested recent gains while awaiting progress in passing a proposed US$1.9 trillion (RM7.7 trillion) stimulus plan. The tech-heavy Nasdaq, on the other hand, hit an all-time high for the fifth consecutive. ....

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Sterling and Wilson Solar up 2 per cent as company commissions second solar project in Oman

The solar project, awarded by Shell, is in Sohar Freezone ....

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