The S&P 500 traded above its record closing high on Wednesday in a broad rally led by tech stocks. In afternoon trading, the benchmark index was above the record high close of 3,386.15 from Feb. 19, before the onset of the coronavirus crisis in the United States that caused one of Wall Street's most dramatic crashes in history.
Tech stocks were rallying on Wednesday, helping to push the Dow Jones Industrial Average (DJINDICES: ^DJI) up about 1% by 2 p.m. EDT. Daily confirmed cases of COVID-19 in the United States remain elevated compared to the first peak earlier this year, but the numbers have been tr
Wall Street's main indexes jumped on Wednesday, with the S&P 500 crawling towards a record high in a broad rally led by tech stocks, with investors shrugging off a stalemate over the new coronavirus relief bill.
At Holdings Channel, we have reviewed the latest batch of the 26 most recent 13F filings for the 06/30/2020 reporting period, and noticed that Microsoft Corporation (Symbol: MSFT) was held by 14 of these funds. When hedge fund managers appear to be thinking alike, we find it i
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Wall Street's main indexes jumped on Wednesday, with the S&P 500 crawling towards a record high in a broad rally led by tech stocks, although some investors were cautious following a stalemate over the new coronavirus relief bill.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P 500— ETF Trust (Symbol: SPY) where we have detected an approximate $1.2 billion dollar inflow -- that's a 0.4% increase week over
The damage from the coronavirus pandemic has extended far and wide, and industrial software company PTC (NASDAQ: PTC) has certainly not been immune. That said, there's a strong argument that its long-term growth prospects will actually be enhanced in the aftermath of the pandemi
In early trading on Wednesday, shares of Goldman Sachs Group topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.9%. Year to date, Goldman Sachs Group has lost about 6.5% of its value.
Like it or hate it, Tesla (NASDAQ: TSLA) has indisputably been one of the biggest success stories of the past decade. Since going public in 2010, Tesla's stock has soared, and the electric vehicle manufacturer has defied industry naysayers by ramping up production and becoming t
Microsoft Corp on Wednesday said the Surface Duo, its dual-screen smartphone powered by Alphabet Inc's Android operating system, will start at a price of $1,399 and arrive in stores beginning Sept. 10.
President Donald Trump's executive order banning China's TikTok could prevent U.S. app stores from offering the popular short-video app and make advertising on the platform illegal, according to a White House document seen by Reuters.
U.S. stocks closed lower on Tuesday, with the S&P 500 and Dow snapping a seven-day streak of gains and falling late in the session on growing uncertainty about breaking a stalemate in Washington over a fiscal stimulus deal.
Technology stocks turned solidly lower this afternoon, with the SPDR Technology Select Sector ETF falling about 1.5% while the Philadelphia Semiconductor Index was sinking 0.8% in late trade.
Technology stocks were narrowly lower this afternoon, with the SPDR Technology Select Sector ETF falling about 0.1% although the Philadelphia Semiconductor Index was rising 0.7%.
Advanced Micro Devices (NASDAQ: AMD) seems to keep gaining on Intel (NASDAQ: INTC) in crucial areas. One analyst reports that the chipmaker has doubled the presence of its Zen 2 Rome processors on Amazon.com's (NASDAQ: AMZN) massive data centers.