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Business Recorder
22-07-2025
- Business
- Business Recorder
Nasdaq, S&P hit record levels as megacaps rise
NEW YORK: The S&P 500 and the Nasdaq reached new record highs on Monday, bolstered by gains in megacaps as investors geared up for the week's major tech earnings, while the prospects of fresh trade deals also boosted sentiment. At 11:21 a.m. ET, the S&P 500 gained 34.97 points, or 0.56%, to 6,331.90 and the Nasdaq Composite gained 147.24 points, or 0.71%, to 21,042.87. The Dow Jones Industrial Average rose 201.87 points, or 0.46%, to 44,544.76, just 1.28% shy of its all-time high. Verizon gained 4.1% after boosting its annual profit forecast. The stock also drove up the communications sector , which emerged as the top gainer among other sectors. Most big-tech names moved higher, pushing the S&P's information technology sector up 0.6% to hit an all-time high. The spotlight was on Google-parent Alphabet and electric-vehicle maker Tesla, whose results this week will kick off the 'Magnificent Seven' earnings parade, and could set the tone for Wall Street. Shares of Alphabet rose 2.1%, while Tesla dipped 0.2%. Both stocks have lagged their peers so far this year, with Tesla down 18.5% year to date and Alphabet slipping 0.2%. 'It is going to be interesting to see the Tesla and Google reports,' because those two are kind of 'underachievers in the Mag 7 this year,' said Mike Dickson, head of research at Horizon Investments. 'We're going to need these earnings reports to just really knock it out of the park if we want to see this little leg of the rally continue.' Despite US President Donald Trump's August 1 tariff deadline, the S&P 500 and the Nasdaq reached new heights recently as investors believed that the economic fallout from tariffs might not be as dire as once feared. Trump has threatened to slap 30% tariffs on imports from Mexico and the EU, and sent letters to other trading partners, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20% to 50%.
Business Recorder
21-07-2025
- Business
- Business Recorder
Nasdaq, S&P hit record levels as megacaps rise ahead of tech earnings
The S&P 500 and the Nasdaq reached new record highs on Monday, bolstered by gains in megacaps as investors geared up for the week's major tech earnings, while the prospects of fresh trade deals also boosted sentiment. At 11:21 a.m. ET, the S&P 500 gained 34.97 points, or 0.56%, to 6,331.90 and the Nasdaq Composite gained 147.24 points, or 0.71%, to 21,042.87. The Dow Jones Industrial Average rose 201.87 points, or 0.46%, to 44,544.76, just 1.28% shy of its all-time high. Verizon gained 4.1% after boosting its annual profit forecast. The stock also drove up the communications sector , which emerged as the top gainer among other sectors. Most big-tech names moved higher, pushing the S&P's information technology sector up 0.6% to hit an all-time high. The spotlight was on Google-parent Alphabet and electric-vehicle maker Tesla, whose results this week will kick off the 'Magnificent Seven' earnings parade, and could set the tone for Wall Street. Shares of Alphabet rose 2.1%, while Tesla dipped 0.2%. Both stocks have lagged their peers so far this year, with Tesla down 18.5% year to date and Alphabet slipping 0.2%. Wall Street Week Ahead: Industrial sector's gains to be tested as earnings ramp up 'It is going to be interesting to see the Tesla and Google reports,' because those two are kind of 'underachievers in the Mag 7 this year,' said Mike Dickson, head of research at Horizon Investments. 'We're going to need these earnings reports to just really knock it out of the park if we want to see this little leg of the rally continue.' Despite U.S. President Donald Trump's August 1 tariff deadline, the S&P 500 and the Nasdaq reached new heights recently as investors believed that the economic fallout from tariffs might not be as dire as once feared. Trump has threatened to slap 30% tariffs on imports from Mexico and the EU, and sent letters to other trading partners, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20% to 50%. Investors were expecting some progress in trade talks after U.S. Commerce Secretary Howard Lutnick on Sunday expressedconfidence over striking a trade deal with the European Union. However, EU diplomats said the 27-member bloc is exploring a broader set of possible counter-measures against the UnitedStates, as hopes for a breakthrough deal with Washington dwindled. On the economic data front, investors will keep a close eye on jobless claims figures and the July business activity report, expected on Thursday. They will also closely analyze Federal Reserve Chair Jerome Powell's remarks on Tuesday for any clues on the central bank's next move, especially after last week's mixed inflation signals. Traders have largely ruled out a July rate cut, and are now pegging the odds at about 56% for a September reduction, according to CME Group's FedWatch tool. Advancing issues outnumbered decliners by a 3.02-to-1 ratio on the NYSE, and by a 2.58-to-1 ratio on the Nasdaq. The S&P 500 posted 15 new 52-week highs and 5 new lows, while the Nasdaq Composite recorded 73 new highs and 34 new lows.
The Star
21-07-2025
- Business
- The Star
Nasdaq, S&P hit record levels as megacaps rise ahead of tech earnings
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2025. REUTERS/Brendan McDermid (Reuters) -The S&P 500 and the Nasdaq reached new record highs on Monday, bolstered by gains in megacaps as investors geared up for the week's major tech earnings, while the prospects of fresh trade deals also boosted sentiment. At 11:21 a.m. ET, the S&P 500 gained 34.97 points, or 0.56%, to 6,331.90 and the Nasdaq Composite gained 147.24 points, or 0.71%, to 21,042.87. The Dow Jones Industrial Average rose 201.87 points, or 0.46%, to 44,544.76, just 1.28% shy of its all-time high. Verizon gained 4.1% after boosting its annual profit forecast. The stock also drove up the communications sector, which emerged as the top gainer among other sectors. Most big-tech names moved higher, pushing the S&P's information technology sector up 0.6% to hit an all-time high. The spotlight was on Google-parent Alphabet and electric-vehicle maker Tesla, whose results this week will kick off the "Magnificent Seven" earnings parade, and could set the tone for Wall Street. Shares of Alphabet rose 2.1%, while Tesla dipped 0.2%. Both stocks have lagged their peers so far this year, with Tesla down 18.5% year to date and Alphabet slipping 0.2%. "It is going to be interesting to see the Tesla and Google reports," because those two are kind of "underachievers in the Mag 7 this year," said Mike Dickson, head of research at Horizon Investments. "We're going to need these earnings reports to just really knock it out of the park if we want to see this little leg of the rally continue." Despite U.S. President Donald Trump's August 1 tariff deadline, the S&P 500 and the Nasdaq reached new heights recently as investors believed that the economic fallout from tariffs might not be as dire as once feared. Trump has threatened to slap 30% tariffs on imports from Mexico and the EU, and sent letters to other trading partners, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20% to 50%. Investors were expecting some progress in trade talks after U.S. Commerce Secretary Howard Lutnick on Sunday expressed confidence over striking a trade deal with the European Union. However, EU diplomats said the 27-member bloc is exploring a broader set of possible counter-measures against the United States, as hopes for a breakthrough deal with Washington dwindled. On the economic data front, investors will keep a close eye on jobless claims figures and the July business activity report, expected on Thursday. They will also closely analyze Federal Reserve Chair Jerome Powell's remarks on Tuesday for any clues on the central bank's next move, especially after last week's mixed inflation signals. Traders have largely ruled out a July rate cut, and are now pegging the odds at about 56% for a September reduction, according to CME Group's FedWatch tool. Advancing issues outnumbered decliners by a 3.02-to-1 ratio on the NYSE, and by a 2.58-to-1 ratio on the Nasdaq. The S&P 500 posted 15 new 52-week highs and 5 new lows, while the Nasdaq Composite recorded 73 new highs and 34 new lows. (Reporting by Nikhil Sharma and Pranav Kashyap in Bengaluru; Editing by Maju Samuel and Shinjini Ganguli)
Yahoo
23-05-2025
- Sport
- Yahoo
More than 100 Easter Eggs donated by anglers at the Liverpool & District Angling Association Good Friday Open
It was a superb effort by anglers attending the Liverpool & District Angling Association Good Friday Open. Held on the canal over the Easter break, competitors booked on with a hand delivered Easter Egg. Match secretary Mike Dickson does an incredible job raising funds for many charities that the L&DAA supports throughout the year. He put this together again with the aim to assist teams within Sefton Council family centres reaching out to support families and more than 100 eggs were delivered to two centres, which were very gratefully received. On the match itself, and with the canal starting to show some promise now that the warmer weather is beginning to show some form, this one had nearly 50 anglers turning out – stretching from the drum's at Lydiate, back to Westway Bridge at the end of the duck length. Taking the top honours on the day and making his way all the way from Oswestry was a familiar name as a winner over here in Merseyside, Gordon Griffiths. Pegged on the popular Running Horses Length near the famous pub itself, Griffiths made no mistake from this fancied area as he put together a class performance, taking 11.4.0 of skimmers and roach. Skelmersdale's John Carroll, who was pegged on the drum's length on an area that was slightly more open to the gusts of wind, was rewarded with the second best catch on this one as he took a mixed bag which included a couple of bonus skimmers for 6.12.13. In an incredibly tight finish, it was one that saw just drams in it on splitting the frame. READ MORE: Manchester's Mark Harris claims the top spot with an incredible 54lb net of bream Stu Cutler took third place with a very close 6.12.7. Leigh's Anthony Lloyd took fourth with 6.7.0. Staying with the canal scene, the L&DAA will be holding a memorial match for past chairman Fred Moss on Saturday, May 3 2025. Draw time is 9am at the MCA at Green Lane Maghull and all are welcome. Once again, Mike Dickson will be holding his 'Dicko's raffle' that everyone involved enjoys so much as part of the day's celebrations. On the club front, catching up with one of Merseyside's most popular outfits, the Alliance & Leicester stayed at their home venue at Chapel Pool on Sunday to enjoy another great match on this superb venue. Winner on the day was club stalwart Richard Bamber. Bamber stuck to a tip approach with pellet to take carp for the top club points on the day for 63.1.0. Gary Green took second place with 54.11.0 and Dave Langton a close third with 53.13.0. Also on Sunday, St Helens AA held their annual two-day memorial for a past member Joe Lee, with the second leg on Monday. With another great turn out, this one was about the competitors using their aggregate weights over the two days. Making the most of it was St Helens local Peter Tickle. Tickle took the top weight of the day on Sunday with 13.8.0 and Monday following that on taking a section win with 7.10.0. Overall Tickle's 21.2.0 was enough to take the top honours and the coveted trophy. Winning the match with a superb 16lb on Monday, St Helens rod Phil Holland put that on top of his previous day's catch of just 3.6.0 to put together a second overall 19.6.0. READ MORE: It's all about the bream READ MORE: Fifteen teams take part in first round of the Liverpool & District Angling Association Teams of Four
South China Morning Post
13-03-2025
- Business
- South China Morning Post
Wall Street slides, S&P 500 in correction as Trump trade war escalates
Wall Street ended sharply lower on Thursday and the S&P 500 confirmed it is in a correction after cool inflation data was overshadowed by fears that the escalating, hydra-headed tariff war being waged by the US against its biggest trading partner could reignite inflation and tip the economy into recession. Advertisement A broad sell-off sent all three major US stock indexes tumbling, with losses in tech and tech-related megacap shares dragging the Nasdaq down most. 'Sentiment's terrible,' Mike Dickson, head of research at Horizon Investments in Charlotte, North Carolina. 'There's new tariff headlines every day, and that's weighing on things.' 'And you're seeing it most acutely in some of the more sensitive areas of the market like the fairly inflated Magnificent 7,' Dickson added. 'It doesn't feel great out there right now.' The S&P 500 closed more than 10 per cent below its February 19 record closing high, confirming the bellwether index has been in a correction since then. Advertisement On March 6, the Nasdaq confirmed it is in a correction by closing 10.4 per cent lower than its all-time closing high reached on December 16.
