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Wall Street hits record highs after Fed confirms tapering plans

Wall Street stocks climbed to record highs while Treasury prices slipped as the Federal Reserve confirmed plans to scale back its substantial pandemic-era monetary stimulus.

The US central bank announced it would begin winding down its monthly bond-buying programme this month.

The announcement had been widely expected, and stock markets reacted positively despite earlier concerns that the pull back in crisis-era stimulus could derail the recent equities rally.

The S&P 500, which had slipped slightly earlier in the day, swung to a gain after the Fed’s announcement and climbed higher as Jay Powell spoke to reporters.

The Fed chair said

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Dow jumps 200 points to a record, S&P 500 notches 7th day of gains

U.S. stocks rallied to record levels on Friday after the October jobs report came in better than expected, boosting optimism about the economic recovery.

A major development from Pfizer regarding its easy-to-administer Covid-19 pill fueled hope for a smooth reopening further, sending shares of airlines and cruise line operators soaring.

The Dow Jones Industrial Average rose 203.72 points, or nearly 0.6%, to 36,327.95. The S&P 500 gained 0.4% to 4,697.53 for its seventh straight positive day. The tech-heavy Nasdaq Composite edged up 0.2% to 15,971.59. All three major averages reached their respective record closing highs.

The move for stocks came

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Stock Market Today: S&P 500 and Nasdaq Hit Record Closes Again

Stocks mostly edged higher Thursday as investors appeared sanguine about the Federal Reserve’s decision to begin reducing the size of its pandemic-era asset purchasing program. 

The


S&P 500

added 0.4% and the


Nasdaq Composite

gained 0.8% on Thursday, notching fresh record closes. Both indexes also closed Wednesday at records. The Dow Jones Industrial Average slipped 33 points, or 0.1%. The index had climbed 104 points Wednesday to close at an all-time high of 36,157, but couldn’t gather enough steam to beat that level on Thursday.

The S&P 500, Nasdaq, and the Dow are up 1.2%, 1.8%, and 0.6%, respectively since

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Wall Street hits record but Facebook weighs

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 21, 2021. REUTERS/Brendan McDermid

  • GE rises on lifting 2021 earnings forecast
  • UPS jumps as results beat on e-commerce demand

NEW YORK, Oct 26 (Reuters) – U.S. stock indexes closed modestly higher on Tuesday, with the Dow Industrials and S&P 500 hitting fresh records, and gains were subdued as Facebook shares fell in the wake of its quarterly earnings.

Facebook Inc (FB.O)was the biggest drag on the S&P 500 and Nasdaq, after the company warned that Apple Inc’s (AAPL.O) new privacy changes would

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Wall Street Rides Bullish Earnings to Record Highs

By Yasin Ebrahim

Investing.com – The major averages closed at fresh record highs Tuesday, as investors digested mostly bullish quarterly results just as the Federal Reserve kicks off its two-day meeting.

The S&P 500 rose 0.37% at a closing record of 4,630.65. The Dow Jones Industrial Average was up 0.39%, or 138.79 points to close at a record of 36,052.63. The Nasdaq climbed 0.34% to a closing record of 15,649.60.

Pfizer (NYSE:PFE) rallied 4%, after lifting its full-year guidance following third-quarter results that beat analysts’ consensus on both the top and bottom lines, driven by strong vaccine demand.

Investors are

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Wall Street hits record highs as corporate earnings flurry continues

US stock indices inched higher on Tuesday, building on gains made in Monday’s session to close at fresh record highs off the back of strong corporate earnings.

The S&P 500 index and the Dow Jones Industrial Average shot to record levels shortly after Wall Street opened. Both indices retraced some of those gains in New York hours, with the Dow roughly unchanged at the closing bell and the S&P marginally higher for the day, up 0.2 per cent.

The moves take the S&P’s year-to-date gains to 22 per cent, having also hit a record high on Monday.

Tuesday’s ebullience was

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Wall Street profits near record levels despite dip in jobs

ALBANY, N.Y. (AP) — New York’s comptroller says Wall Street profits are near record levels despite job losses in the industry.

Wall Street brought in $31 billion in pre-tax earnings in the first six months of 2021, according to State Comptroller Thomas DiNapoli. The comptroller looked at the roughly 125 broker and dealer firms that are members of the New York Stock Exchange.

The industry reached a record breaking $61.4 billion in 2009.

DiNapoli said Wall Street’s surging profits may be fueled by record low interest rates, strong trading volume, record earnings in the global equities sector and high revenues

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Energy stocks lead Wall Street fall from record highs

US stock markets slipped back from their record high on Wednesday, as strong earnings reports from technology giants were not enough to offset weakness in the rest of the market.

The benchmark S&P 500 index fell 0.5 per cent from Tuesday’s record close, with tech groups and consumer stocks including Amazon the only sectors that made gains. The tech-heavy Nasdaq Composite was flat.

Energy stocks were the biggest drivers of the declines as oil prices retreated from their recent highs.

Microsoft and Google parent Alphabet were bright spots, jumping 4 per cent and 5 per cent respectively after they smashed

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Wall Street Sees a Record Deal Spree as a Reason for Optimism

Sharon Yeshaya, Morgan Stanley’s chief financial officer, said the financial, health care and technology industries in the Americas and Europe have been the hottest areas, but momentum was building elsewhere, too.

“What we’re seeing is really strong pipelines,” Ms. Yeshaya said in an interview after the bank reported a jump in profits to $3.7 billion. “The strength is broadening.”

The frenetic pace has persisted despite the economic upheaval caused by the pandemic, trade disputes and geopolitical tension, Matt Toole, director of deals intelligence at Refinitiv, wrote about the record quarter. Buoyant stock markets, low borrowing costs and the emergence of

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