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US Stocks extends gain on bargain hunting


The US stock market finished higher second session in row on Friday, 14 May 2021, as investors continued bargain hunting of shares hammered by the week s volatility.
At the close of trade, the Dow Jones Industrial Average index advanced 360.68 points, or 1.06%, to 34,382. The S&P 500 index was up 61.35 points, or 1.49%, at 4,174.
The tech-heavy Nasdaq Composite Index added 304.99 points, or 2.32%, to 13,430. For the week, the Nasdaq tumbled by 2.3%, while the S&P 500 and the Dow slumped by 1.4% and 1.1%, respectively.
All 11 S&P 500 sectors closed higher, with energy (up 3.16%), information technology (up 2.12%), consumer discretionary (1.8%), communication services (1.69%), industrials (up 1.34%), financials (up 1.54%), and materials (up 1.19%) sectors being notable gainers. ....

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US Stocks fall on profit booking


The US stocks declined moderately from record high on Tuesday, 29 December 2020, with all three indexes the S&P 500 index, the Dow Jones Industrial Average, and the technology-heavy Nasdaq Composite closing lower, as investors elected to cash in on the recent strength in the markets.
At the close of trade, the Dow Jones Industrial Average index declined 68.30 points, or 0.22%, to 30,335.67. The S&P 500 index was down 8.32 points, or 0.22%, to 3,727.04. The tech-heavy Nasdaq Composite Index dropped 49.20 points, or 0.38%, to 12,850.22.
Traders also kept an eye on the latest developments in Washington after President Donald Trump signed a coronavirus relief and government spending bill over the weekend. President Donald Trump finally signed legislation late Sunday providing $900 billion in aid to individuals and businesses and $1.4 trillion to fund government agencies. Trump has called for the direct payments included in the bill to be increased to $2,000 from $600, and the ....

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