Wall Street's main indexes opened higher on Monday as retailers prepared to wind down a better-than-feared quarterly earnings season, while the S&P 500 continued to hover just below record-high levels.
- Wall Street’s main indexes opened higher on Monday as retailers prepared to wind down a better-than-feared quarterly earnings season, while the S&P 500 continued to hover just below record-high levels.
“It goes back to the basic factor - with interest rates low, next to zero even though yields have gone up, there is no place to put your money so stocks continue to hover near record highs,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. The retailers, along with Walmart Inc and Target Corp, rose more than 1% ahead of their quarterly earnings reports later in the week.
Figures this week are likely to show another jump in housing starts, as certain facets of the economy slowly grind back from a pandemic-driven trough. At 9:38 a.m. ET, the Dow Jones Industrial Average was up 7.40 points, or 0.03%, at 27,938.42 and the S&P 500 was up 11.04 points, or 0.33%, at 3,383.89. The Nasdaq Composite was up 70.19 points, or 0.64%, at 11,089.49.
Shares of Chinese ecommerce player Alibaba Group were flat after U.S. President Donald Trump said on Saturday he could exert pressure on more Chinese companies after he moved to ban TikTok earlier in the month.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Dow futures inch higher as Wall Street investors search for fresh stock-market sparkU.S. stock-index futures hover near the flatline on Monday, with the S&P 500 index hanging around record territory but finding few reasons to trade higher...
Weiterlesen »
Two of the most-hated stocks on Wall Street could be best recovery plays, traders sayShort traders are throwing cold water on hopes of a bump-free return to normalcy with consumer and travel stocks among those with the highest short interest. Two traders see opportunity in some of these unloved stocks.
Weiterlesen »
Stock futures point to modest Wall Street gains ahead of big retail earnings weekU.S. stock index futures indicate Wall Street will make moderate gains on Monday as retail earnings queue up and with housing data in the offing.
Weiterlesen »
Wall Street's top analysts see stocks like Dropbox and Lumentum as compelling opportunitiesYour weekend brief: Wall Street's top analysts see stocks like Dropbox and Lumentum as compelling opportunities
Weiterlesen »
WSJ News Exclusive | Sixth Street Partners Amasses One of the Largest Private-Capital FundsThe former affiliate of private-equity firm TPG has amassed one of the biggest pools of private capital on record, raising $10 billion for its flagship fund since April.
Weiterlesen »