NASDAQ

Today's data summary

Market open
% change
+1.16%
Value
8079.81
Change
+92.49
As of 14:06 20 Jun 2019

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S&P 500 hits all-time high

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The S&P 500 hit an all-time high surging by almost 1% to hit 2,956 shortly after markets opened in the US as investors remained optimistic that the Federal Reserve was planning to reduce interest rates.

The value of the S&P has climbed around 17% this year after dropping significantly from last year's high of 2,930. Its last high was in May when it hit 2,954.

Traders were comforted by the words of Fed chair Jerome Powell, who yesterday said the central bank's policy makers saw a "strengthened" case for cutting the US interest rate in a bid to boost spending and bolster inflation.

The Dow Jones Industrial Average was up 246 points, or 0.9%, to hit 26,750 in early trading, while the Nasdaq climbed 94 points - 1.2% - shortly after the opening bell, to trade at 8,080.

US markets close higher

US markets rose today after the European Central Bank indicated that it may be willing to cut interest rates and President Trump revealed plans to meet Chinese President Xi Jinping.

Investors were hopeful that the Federal Reserve will lay the groundwork for a US rate cut later in the year in an announcement on Tuesday.

That sent the Dow Jones Industrial Average was up 354 points at 26,466 . Meanwhile, the tech-heavy Nasdaq was up 109 points to finish the day at 7,953 and the S&P 500 was up 30 points at 2,919.

US markets trade down

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Gains made in US share prices yesterday were wiped out in early trading in New York.

News of a slowdown in Chinese industrial production last month, which fell to its slowest pace in 17 years, added to an increasingly gloomy outlook for trade between the US and China.

The Dow Jones Industrial Average was down 63 points at 26,043, while the tech-heavy Nasdaq was trading 52 points lower at 7,786 and the S&P 500 was 8 points lower at 2,884.

US stocks down at close

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US shares fell slightly today following muted inflation data that pointed to possible interest rate cuts. Investors were also concerned by the ongoing trade war with China.

The Dow Jones Industrial Average shed 44 points or 0.17% to finish the day at 26,004.83.

The the S&P ended the day at 2,879.13, a fall of 6 points or 0.23%.

And the the tech-heavy Nasdaq closed at 7,792.72, down 30 points or 0.38%.

US shares tumble on trade tensions

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US shares have opened with sharp losses.

The Dow Jones Industrial Average is down 1.2%. The S&P 500 is down 1.1%.

The Nasdaq Composite is 1.3% lower.

Investors have been rattled by President Trump's threat to place tariffs on imports from Mexico, unless illegal immigration is cut.

"It is a very sticky situation," said Art Hogan, chief market strategist at National Securities in New York. "American companies needed to find supply chains outside of China when it looked like the [US-China] trade deal is going to take much longer and one of those countries that was pointed to outside the pacific was Mexico."

Wall Street up a touch on close

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Wall Street shares have ended up, but only just.

At the closing bell, the Dow Jones Industrial Average rose 44.15 points, or 0.18%, to 25,170.56, the S&P 500 gained 5.86 points, or 0.21%, to 2,788.88 and the Nasdaq Composite added 20.41 points, or 0.27%, to 7,567.72.

Wall Street opens slightly higher

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Wall Street shares have opened slightly higher today, as market tread water after yesterday's stock sell-offs. Since May, stock sell-offs driven by concerns over the US-China trade war has slashed more than 5% off the value of major markets.

The Dow Jones Industrial Average is 73.3 points or 0.3% ahead to 25,199.72, led by Intel, which is up 1.6% to $44.93 after announcing a programme to help PC makers design better laptops with its chips.

The S&P 500 is 9.3 points or 0.3% higher to 2,792.60. Top of the winners is US discount chain Dollar General, climbing 5.9% to $125.51 after reporting better-than-expected revenues and sales on Wednesday.

And finally, the tech-heavy Nasdaq has climbed 42.7 points or 0.6% to 7,590.89, boosted by another US discount chain Dollar Tree, which rose 3.9% to $99.08 after also reporting better-than-expected revenues and sales on Wednesday.

Storage device maker Western Digital is just behind, up 2.4% to $40.60.

Wall Street ends lower

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Wall Street shares have ended lower, as investors continued to worry about the effects a prolonged US-China trade war would have on global economic growth.

At the closing bell, the Dow Jones Industrial Average dipped 221.36 points, or 0.87%, to 25,126.41, the S&P 500 declined 19.37 points, or 0.69%, to 2,783.02 and the Nasdaq Composite fell 60.04 points, or 0.79%, to 7,547.31.

Wall Street opens lower

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Wall Street shares have opened lower, as China's new threat to use rare earth as a bargaining chip in talks with the US fuelled investor fears that the trade war is unlikely to be resolved soon, and could affect global economic growth.

The Dow Jones Industrial Average is 175 points or 0.7% lower to 25,172.78. Top of the losers is Goldman Sachs, slipping 1.6% to $186.41 following reports that Apple's new credit card offering "Apple Card" will have terms that are so friendly to consumers that it is unlikely to make partner Goldman Sachs any money.

The S&P 500 has fallen 18.4 points or 0.7% to 2,784.25. Michael Kors owner Capri Holdings heads the losers, dropping 7.5% to $35.97 after forecasting lower-than-expected profits for the current quarter and cutting sales targets due to investments made into increasing Versace stores.

And finally, the tech-heavy Nasdaq is 59 points or 0.8% down to 7,548.35. Cloud software firm Workday tops the losers, falling 4.5% to $203.39. On Tuesday, Workday reported a better-than-expected 33.4% rise in quarterly revenues, due to an increase in subscription revenues.

Wall Street ends lower

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Wall Street shares have ended lower, as concerns about the fate of US-China trade talks and Italy's budget weighed on investor sentiment.

The Dow Jones Industrial Average fell 237.32 points, or 0.93%, to 25,348.37, the S&P 500 lost 23.91 points, or 0.85%, to 2,802.15 and the Nasdaq Composite dropped 29.66 points, or 0.39%, to 7,607.35.