Tag: choppy

Industrials, tech stocks lift Wall St at the end of choppy month

(Reuters) – Wall Street’s main indexes rose on Wednesday, led by industrials and technology-related stocks, although investors remained cautious after a heated presidential debate pointed to a tough election race ahead.

FILE PHOTO: A worker cleans the floor of the New York Stock Exchange (NYSE) , U.S., March 20, 2020. REUTERS/Lucas Jackson/File Photo

Ten of the 11 major S&P indexes were trading higher, with energy also among the biggest gainers in early trading. Financials and energy stocks have both been hammered this month as investors oscillated between growth-linked and value-linked sectors.

The S&P 500 was headed for its first monthly decline since the coronavirus-driven crash in March, with trading becoming more volatile in the past few weeks on increasing doubts about whether President Donald Trump would accept the election’s outcome if he lost.

In a chaotic and bad-tempered first debate, Trump and Democratic rival Joe

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Markets are expected to be choppy, but dip buyers could be looking at tech favorites in week ahead

  • Stocks could continue to be volatile, but investors are likely to try to buy the dip in some favorite tech names.
  • Investors are also increasingly looking to the November election and worry there could be an uncertain outcome.
  • Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin appear before Congress to report on coronavirus aid.



a man standing in front of a building: A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020.


© Provided by CNBC
A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020.

After another week of losses, tech could be at the heart of a tug of war as dip buyers look for bargains in some of their favorite names and others see the group as still too frothy.

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In the past week, the S&P 500 and Nasdaq were both down about 0.6%, the third losing week. It was the S&P 500’s

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Dow gives up early Thursday gain as tech rebound fades in choppy trade on Wall Street

MARKET SNAPSHOT



a street sign in front of a building


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U.S. stock benchmarks relinquished early gains Thursday, in a turbulent session punctuated by the Dow and S&P 500 swinging between small gains and losses, as investors attempted to assess the next phase of the COVID-19 recovery.

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Technology shares also looked to extend Wednesday’s bounceback after the Nasdaq fell into correction on Tuesday, retreating from record highs seen just last week.

What are major benchmarks doing?

The Dow Jones Industrial Average

(DJIA) fell 117 points, or 0.4%, at 27,827 but had been up by as many as 234 points and down by as many around 125 points. The S&P 500 (SPX) shed 13 points, or 0.4%, to about 3,386, after touching an intraday high at 3,425.55. The Nasdaq Composite Index (COMP) was up 3 points, or less than 0.1%, at around 11,137, after hitting an intraday high at 11,299.53.

Stocks bounced Wednesday after a

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