Street

The Wall Street JournalCardano’s Ada Is the Latest Cryptocurrency to Surge. Here’s What You Need to Know.Traders are abuzz about Cardano's ada token, which was named after mathematician Ada Lovelace and has become the third-largest …2 days ago

The Wall Street JournalCardano’s Ada Is the Latest Cryptocurrency to Surge. Here’s What You Need
to Know.Traders are abuzz about Cardano’s ada token, which was named after
mathematician Ada Lovelace and has become the third-largest …2 days ago… Read More

Main Street Pensions Take Wall Street Gamble by Investing Borrowed Money

Many U.S. towns and cities are years behind on their pension obligations. Now some are effectively planning to borrow money and put it into stocks and other investments in a bid to catch up.

State and local governments have borrowed about $10 billion for pension funding this year through the end of August, more than in any of the previous 15 full calendar years, according to an analysis of Bloomberg data by Municipal Market Analytics. The number of individual municipalities borrowing for pensions soared to 72 from a 15-year average of 25.

Read More

Wall Street scales new heights, powered by tech stocks

  • Tech stocks lead gains; Apple hits record high
  • August private jobs growth misses expectations
  • PVH Corp top S&P 500 gainer on raising full-year forecast
  • Indexes gain: Dow 0.01%, S&P 0.29%, Nasdaq 0.76%

Sept 1 (Reuters) – Wall Street’s main indexes marched on, with the S&P 500 and Nasdaq hitting record highs on Wednesday, as fresh technology stock buying combined with hopes the Federal Reserve would keep the stimulus taps open after weaker-than-expected private payrolls data.

Technology stocks (.SPLRCT), which tend to benefit from a low-rate environment, were up 0.5%. Apple Inc (AAPL.O) rose 1.2% to its second record high this

Read More

How the first disabled and woman-owned NYSE floor broker is changing Wall Street

Cynthia DiBartolo’s journey to the New York Stock Exchange floor was fraught with challenges and difficulty.

In July 2021, DiBartolo’s firm, Tigress Financial Partners, became the first disabled and woman-owned floor broker to become a member of the NYSE.

Floor brokers are members of firms who execute trades on the exchange floor on behalf of the firm’s clients. They are physically present on the trading floor and are active during the New York Stock Exchange opening and closing auctions.

Tigress Financial Partners has been co-manager or selling group member on more than 620 IPO and secondary transactions with an aggregate

Read More

S&P 500, Nasdaq close at record highs as Wall Street looks for strong finish to August

The S&P 500 set another record high on Monday as the stock market continued to rise in the final days of August.

The broad market index gained 0.43% to set a new record high 4,528.79, while the Nasdaq Composite traded up 0.90% for its own all-time high 15,265.89. The Dow Jones Industrial Average underperformed, losing 55.96 points or 0.16% to close at 35,399.84.

Key technology stocks led the way on Monday. Microsoft and Netflix each rose about 1.3%, and Apple jumped 3%.

Shares of Affirm Holdings surged more than 46% after the buy now, pay later company announced a partnership

Read More

Wall Street gains as dovish Fed eases taper fears

The floor of the the New York Stock Exchange (NYSE) is seen after the close of trading in New York, U.S., March 18, 2020. REUTERS/Lucas Jackson/File Photo

  • S&P 500 tracks longest monthly winning streak since 2018
  • Indexes up: S&P 0.55%, Nasdaq 0.97%, Dow 0.03%
  • PayPal gains on report planning stock-trading platform

Aug 30 (Reuters) – The S&P 500 and Nasdaq moved to fresh record highs on Monday, led by technology stocks, as investors responded positively to the Federal Reserve’s dovish comments on tapering in monetary stimulus and what that might mean for the economic recovery.

Apple Inc (AAPL.O) jumped 3.1%

Read More

Tech stocks lift Wall Street to new highs after Fed’s stimulus comments | US economy

Technology stocks have lifted Wall Street to record highs after the US Federal Reserve’s dovish comments eased fears of a sudden tapering in monetary stimulus and boosted optimism around an economic recovery.

Apple jumped 2.3% to an all-time high, while Microsoft, Amazon and the Google owner Alphabet, rose between 0.9% and 1.3%, helping the tech-heavy Nasdaq outperform the S&P 500 and the Dow Jones.

High-growth tech stocks tend to benefit from expectations of lower rates because their value rests heavily on future earnings.

The benchmark index is tracking its longest monthly winning streak since 2018 on the promise of cheap

Read More

Wall Street hits new highs after Fed extends stimulus package | US economy

Share prices hit fresh records on Wall Street on Friday after the head of the US central bank, Jerome Powell, expressed concern about rocketing Covid-19 infections and gave no new clues on when the Federal Reserve would start to ease back on its stimulus programme.

Speaking at the virtual gathering of central bankers at Jackson Hole in Wyoming, the Fed chairman said that, while the economy was recovering from the pandemic, he and his fellow policymakers were carefully monitoring the impact of the Delta variant of the coronavirus.

Powell’s remarks were far less hawkish than some Wall Street analysts had

Read More

Wall Street rises as Powell gives no signal on taper

People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo

Aug 27 (Reuters) – Wall Street’s main indexes extended gains on Friday as Federal Reserve Chair Jerome Powell signaled the U.S. central bank will remain patient as it tries to nurse the economy back to full employment.

In prepared remarks for a speech to the Jackson Hole economic conference, Powell said the U.S. economy continued to make progress towards the central bank’s benchmarks for reducing its pandemic-era emergency programs, but stopped short of signaling the timing

Read More