The dollar rose and equity markets rallied on Monday as investors welcomed upbeat manufacturing data from around the world and as Microsoft's pursuit of TikTok's U.S. operations and other deals bolstered sentiment.
The Nasdaq surged to a record high close on Monday as a rebound in multibillion-dollar deals, including Microsoft's pursuit of TikTok's U.S. operations, lifted sentiment, and efforts to hammer out a coronavirus relief bill resumed.
The Nasdaq closed at a record high on Monday as a rebound in multibillion-dollar deals, including Microsoft's pursuit of TikTok's U.S. operations, lifted sentiment, and efforts to hammer out a coronavirus relief bill resumed.
Technology stocks were ending near their Monday session highs, with the SPDR Technology Select Sector ETF Monday climbing 2.5% while the Philadelphia Semiconductor Index was rising 1.7% this afternoon.
Confirming rumors that have been swirling for days, Microsoft (NASDAQ: MSFT) said Sunday it has been in talks to buy the short-form video app TikTok in the U.S. and several other countries from its Chinese parent ByteDance. Microsoft said it is working with the federal governmen
The dollar rallied and equity markets rose on Monday as investors welcomed upbeat manufacturing data from around the world and as Microsoft's pursuit of TikTok's U.S. operations and other deals bolstered investor sentiment.
Wall Street rallied on Monday as a rebound in multibillion-dollar deals, including Microsoft's pursuit of TikTok's U.S. operations, lifted sentiment, and efforts to hammer out a coronavirus relief bill resumed.
In afternoon trading on Monday, Healthcare stocks are the best performing sector, higher by 1.7%. Within that group, Varian Medical Systems Inc (Symbol: VAR) and McKesson Corp (Symbol: MCK) are two of the day's stand-outs, showing a gain of 21.6% and 6.5%, respectively. Amon
U.S. President Donald Trump said Monday the U.S. government should get a "substantial portion" of the sales price of the U.S. operations of TikTok and warned he will ban the service in the United States on September 15 without a sale.
The Dow Jones Industrial Average (DJINDICES: ^DJI) was surging on Monday, up 0.93% at noon EDT. The gain comes despite uncertainty over the trajectory of the coronavirus pandemic and the stimulus bill working its way through Congress.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Technology stocks extended gains, with the SPDR Technology Select Sector ETF Monday climbing 2.4% while the Philadelphia Semiconductor Index was rising 2.0% this afternoon.
Wall Street's main indexes rose on Monday as a rebound in multi-billion dollar deals, including Microsoft's pursuit of TikTok's U.S. operations, lifted sentiment as efforts to hammer out a coronavirus relief bill resumed.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Wall Street's main indexes rose on Monday as a rebound in multi-billion dollar deals, including Microsoft's pursuit of TikTok's U.S. operations, lifted sentiment in the absence of a fiscal coronavirus relief bill.
Britain said the location of TikTok's headquarters was a commercial decision after a newspaper report said the government had given the green light for its Chinese parent company to set up a head office in London for the popular short-video app.
Wall Street's main indexes rose on Monday as Microsoft's pursuit of TikTok's U.S. operations and a clutch of upbeat quarterly earnings reports lifted sentiment in the absence of a fiscal coronavirus relief deal.
U.S. Senate Democratic leader Chuck Schumer on Monday joined other senators in backing an American company to purchase Chinese-owned video app TikTok's U.S. operations, while a senior White House adviser raised concerns about a sale to Microsoft Corp.
In early trading on Monday, shares of Microsoft topped the list of the day's best performing Dow Jones Industrial Average components, trading up 4.0%. Year to date, Microsoft Corporation registers a 35.1% gain.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".