Tag: Climb

Stocks climb again on Wall Street with hopes for stimulus

NEW YORK (AP) — Stocks are rising on Wall Street Thursday as hope remains that Washington can approve more aid for the economy and after a report suggested the pace of layoffs is slowing a bit, though it remains incredibly high.

The S&P 500 was 0.5% higher in morning trading, tacking more gains onto Wednesday’s rise after President Donald Trump apparently backtracked on his decision to halt talks on more aid for the economy. He said in a televised interview Thursday morning that “very productive” talks have begun on stimulus.

Other U.S. and global stock indexes were also higher, but the last few weeks of trading have shown repeatedly that early gains for the market don’t always last. Stocks have been particularly rocky since early September, swerving on worries about everything from too-expensive prices to the still-raging pandemic, but the index has been generally climbing the last two weeks.


Read More

Coty’s Stock Climb May Not Last

Coty’s stock (NYSE: COTY), while down more than 70% this year, moved up nearly 13.2% over the last 5 days, outperforming the S&P 500. While this might sound exciting, the chances are that the uptrend isn’t going to last. How do we know this? We look at past stock patterns as well as Coty’s underlying financial growth to arrive at this conclusion. Our AI engine analyzes historical price movement to predict near term behavior for a given level of movement in the recent period, and suggests nearly a 30% probability of Coty Inc. dropping -10% over the next 21 trading days. Compared to this, the chances of it rising by 10% during the same time frame are 15%,

Read More

US stocks climb as mega-cap tech companies soar on stimulus hope

  • US stocks climbed on Thursday on continued fiscal stimulus negotiations, led by mega-cap tech giants like Alphabet, Amazon, and Microsoft.
  • House Speak Nancy Pelosi and Treasury Secretary Steve Mnuchin had multiple conversations on Thursday, as the two try to work out a fiscal stimulus deal before the upcoming recess in Congress.
  • Any fiscal stimulus deal will include another round of direct stimulus checks, according to Mnuchin.
  • Initial weekly jobless claims fell to 837,000, which was lower than expected and suggested that the economic recovery is trudging along.
  • Watch major indexes update live here.

US stocks climbed on Thursday, led by mega-cap tech giants like Alphabet, Microsoft, Apple, and Amazon.

Stocks were boosted by continued hope of another round of fiscal stimulus being passed by Congress ahead of their upcoming recess. House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin had multiple conversations throughout the day.

Any fiscal

Read More

Stocks Climb, Led by Big Tech; Crude Oil Declines: Markets Wrap

(Bloomberg) — U.S. stocks advanced, led by gains in the biggest technology companies, as investors weighed the chances Democratic lawmakers and the White House will reach a deal for a fiscal-stimulus package. Oil tumbled on concern the market may be oversupplied.

The Nasdaq 100 reached the highest in almost a month as Amazon.com, Microsoft and Tesla rose. The S&P 500 Index’s advance was limited by declines in energy producers. Trading was volatile, with stocks pushed around by the latest developments in efforts to forge a stimulus bill acceptable to Democrats and Republicans. Talks were set to continue Thursday as officials sought a breakthrough.

European stocks closed slightly higher. Gold advanced, while Treasury yields dipped. Oil tumbled to about $39 a barrel on concern about oversupply amid sluggish economic growth.

Dollar gauge posts worst quarter in more than three years

© Bloomberg
Dollar gauge posts worst quarter in more than three years

U.S. stock markets have been whipsawed this week by

Read More

Uluru climb pictures to be removed from Google after Australia complains

Google Maps currently hosts several user-uploaded images from the top of the site, taken before the ban came into place, as well as a Street View path recorded by a climber in 2018.

But Parks Australia, which looks after the country’s natural treasures, has asked the tech giant to take down pictures uploaded by users after complaints from the Anangu Aboriginal people, Uluru’s traditional owners.

Tourists were prohibited from traversing the sacred site in late 2019 after the Anangu people said it was being trashed by visitors eroding its surface, dropping rubbish and polluting nearby waterholes.

Tourists climb Uluru before the ban came into place.

Tourists climb Uluru before the ban came into place.


Google is “supportive of this request and is in the process of removing the content,” Parks Australia said in a statement. CNN has contacted Google for comment.

“Parks Australia alerted Google Australia to the user-generated images from the Uluru summit that have

Read More

WeChat and TikTok see US downloads climb ahead of Trump administration ban

Messaging app WeChat had its biggest one-day download numbers in nearly two years on Friday, ahead of a ban on new downloads from the US Commerce Department expected to take effect tomorrow. Preliminary data from analytics platform Sensor Tower showed Chinese-based WeChat had 10,000 installs in the US Friday, a 150 percent increase from Thursday and a 233 percent week-over-week increase. That’s the largest number of WeChat installs in the US in one day since October 7th, 2019.

Video platform TikTok, also facing a US ban, saw its downloads increase Friday as well, adding 247,000 new installs for a 12 percent increase from Thursday, according to Sensor Tower.

TikTok’s parent company, Beijing-based ByteDance, has been in talks with US companies over the past several weeks attempting to create a new company, TikTok Global, to assuage concerns about data security from the Trump administration. President Trump has called for US TikTok

Read More

HCL Tech shares climb 2% to hit 52-week high; should you buy, sell or hold?

a screen shot of a computer: HCL Tech shares climb 2% to hit 52-week high; should you buy, sell or hold?

© Nishant Kumar
HCL Tech shares climb 2% to hit 52-week high; should you buy, sell or hold?

Shares of HCL Technologies climbed about 2 percent to hit a 52-week high of Rs 820.75  on September 18.

In a media release on September 16, HCL Technologies and Google Cloud announced the expansion of their strategic partnership to bring HCL’s Actian portfolio, starting with Actian Avalanche, to Google Cloud.

“Actian Avalanche is a high-performance hybrid cloud data warehouse designed to power an enterprise’s most demanding operational analytics workloads. Actian Avalanche enables a seamless path to migrate legacy data warehouses, including IBM Netezza and Oracle Exadata, to Google Cloud, through a hybrid-cloud offering leveraging Google Cloud’s Anthos application platform,” the company informed.

“This latest announcement from HCL and Google Cloud expands a deep and growing partnership between the two companies to help organizations digitally transform,” HCL said.

This latest announcement from HCL

Read More

Dow erases early climb, S&P 500 notches third straight gain as tech stocks extend rebound from last week’s rout

U.S. stocks finished mostly higher on Tuesday as the blue-chip Dow shed early gains ahead of a policy update by the Federal Reserve. The Nasdaq led the broader market rally as technology shares continued to make up lost ground from last week’s selloff.

The Dow Jones Industrial Average

 rose 2.27 points to finish at 27,995.60, while the S&P 500

 gained 17.66 points, or 0.5%, to trade at 3,401.20, marking its third straight increase. The Nasdaq Composite

 finished up 133.67 points, or 1.2%, at 11,190.32, logging back-to-back gains.

On Monday, the Dow rose 327.69 points, or 1.2%, to finish at 27,993.33, after briefly trading above the 28,000 threshold. The S&P 500 added 42.57 points, or 1.3%, closing at 3,383.54. The Nasdaq Composite climbed 203.11 points, or 1.7%, to end at 11,056.65, rebounding from a rout that last week saw the tech-heavy index enter correction territory

Read More

US stocks climb as investors weigh extended tech rally against weak jobless-claims data

  • US stocks climbed on Thursday as tech giants attempted to reclaim record highs.
  • Rebounding tech names led indexes higher on Wednesday. The sector has fueled outsize volatility in recent sessions as investors reconcile lofty stock valuations and strong momentum.
  • Investors also mulled weekly jobless-claims data that signaled lasting pain in the US labor market. Claims totaled 884,000 for the week that ended on Saturday, missing the economist estimate of 850,000.
  • Oil fell after the American Petroleum Institute reported that US stockpiles increased by nearly 3 million barrels. West Texas Intermediate crude sank as much as 2.3%, to $37.17 per barrel.
  • Watch major indexes update live here.

US equities gained on Thursday as tech stocks resumed their recovery rally and boosted major indexes.

The popular sector has taken center stage this week, following its collapse before Labor Day weekend. Tech names pushed indexes higher on Wednesday as investors scooped

Read More

DocuSign, CrowdStrike Climb on Zoom Results

CrowdStrike Holdings  (CRWD) – Get Report, DocuSign  (DOCU) – Get Report, and other work-from-home stocks were climbing Tuesday after Zoom Video Communications  (ZM) – Get Report shattered Wall Street’s earnings expectations.

Shares of CrowdStrike were climbing 7.0% to $134.54, while DocuSign was up nearly 11% to $247 in pre-market trading.

CrowdStrike is scheduled to report its July quarter results on Wednesday, while DocuSign is slated to report its July quarter earnings on Thursday.

In addition, Slack Technologies  (WORK) – Get Report was advancing 6.5% to $34.98, while cloud security Zscaler  (ZS) – Get Report was rising 3.3% to $148.

Jefferies analyst Brent Thill called CrowdStrike “a great company” on Tuesday and “one of the biggest beneficiaries” from work-from-home trends.

Thill, who has a hold rating and $115 price target on the company, said the “only issue” with CrowdStrike

Read More