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S&P 500 Hovers at Record High, Hang Seng and Nikkei 225 Eye Pullback


S&P 500 Hovers at Record High, Hang Seng and Nikkei 225 Eye Pullback
S&P 500, HANG SENG, NIKKEI 225, ASIA-PACIFIC MARKET OUTLOOK:
The S&P 500 index closed marginally higher as tech gained, but two thirds of the stocks fell
Asia-Pacific indices look set to pull back slightly from their recent highs
Southbound inflow in HK via stock connections fell for a second day, risking a pullback in the HSI
S&P 500, Hang Seng, Earnings, Asia-Pacific Stocks Outlook:
Asia-Pacific stocks look set to open broadly lower after Wall Street saw a mixed trading session. The S&P 500 index edged marginally higher, led by heavy-weight information technology (+1.32%), consumer discretionary (+0.55%) and communication services (+0.26%), while two thirds of its constituents finished lower. Investors are perhaps looking for fresh catalysts to support Wall Street’s record-breaking rally when stock market valuations are close to two-decade highs. ....

Hong Kong , United Kingdom , United States , Margaret Yang , People United Financial Inc , Fuelcell Energy Inc , International Business Machine , Fifth Third Bancorp , Ally Financial Inc , Regions Financial Corp , Truist Financial Corp , Industries Inc , Intel Corp , Financial Group , Reliance Industries Ltd , Northern Trust Corp , Kansas City Southern , Huntington Bancshares Inc , Education Group , Mt Bank Corp , Intuitive Surgical Inc , Baker Hughes Co , Seagate Technology , Union Pacific Corp , Third Bancorp , Travelers Cos Inc ,

Nasdaq Hits Record High as Biden Takes Office, Hang Seng Eyes 30,000


Nasdaq Hits Record High as Biden Takes Office, Hang Seng Eyes 30,000
NASDAQ 100, HANG SENG, ASX 200 INDEX OUTLOOK:
A “risk-on” rally extended on Wall Street, backed by strong earnings and Biden’s inauguration
The Hang Seng Index looks set to extend gains beyond the 30,000 mark, led by the tech sector
BoJ, ECB interest rate decisions and US weekly jobless claims are in focus today
Nasdaq 100, US Earnings, Hang Seng, ASX 200, Asia-Pacific at Open:
US equities registered strong gains overnight as President Joe Biden’s inauguration brightened the prospects for fiscal stimulus and measures to be put in place to counter the pandemic. Prior to this, Treasury Secretary nominee Janet Yellen showed her support for Biden’s US$ 1.9 trillion fiscal spending plan and opposed tax hikes, which may lend more support to stock markets’ rally. ....

Hong Kong , South Korea , Margaret Yang , Janet Yellen , Joe Biden , Morgan Stanley , People United Financial Inc , Fifth Third Bancorp , Kinder Morgan Inc , Fastenal Co , Industries Inc , Financial Services , Alcoa Corp , United Airlines Holdings Inc , Seagate Technology , Citizens Financial Group Inc , Procter Gamble Co , Fuelcell Energy Inc , International Business Machine , Gilead Sciences Inc , Truist Financial Corp , Intel Corp , Financial Group , Northern Trust Corp , Gilead Sciences , Unitedhealth Group Inc ,