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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 th ....
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 th ....
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. ....