Business

U.S. stocks move solidly higher at open, rebounding from Wednesday losses

U.S. stocks move solidly higher at open, rebounding from Wednesday losses

U.S. stocks closed solidly higher Thursday, with the Nasdaq ending at a record on the back of a rally in internet and technology giants, which helped to overshadow ongoing uncertainty over trade relations between the U.S. and China. The day’s gains were broad, with 10 of the 11 S&P 500 sectors ending higher on the day. However, the biggest boost […]

Amazon stock rallies 1% to a record high above $1,770

Amazon stock rallies 1% to a record high above $1,770

Shares of Amazon Inc. rose 0.6% in premarket trade Thursday, extending gains made to a record close in the previous session, after Canaccord Genuity boosted its price target to $2,000 from $1,800. The new target, which is 14% above Wednesday‘s closing price of $1,755.00, would give Amazon a market capitalization of $970.5 billion. Analyst Michael Graham said investors appear to […]

Microsoft stock hits intraday record high, with $800 billion market cap in sight

Microsoft stock hits intraday record high, with $800 billion market cap in sight

Microsoft Corp. stock reached record highs in Thursday morning trading, and the software giant topped an $800 billion valuation on an intraday basis for the first time. Microsoft reached a new intraday hihg of $104.29 just after noon Eastern time Thursday, easily eclipsing its previous intraday record of $102.34 set last month. At a price of $104.13 or above, Microsoft […]

Tech rally sends Nasdaq 100 to record high, with broader Nasdaq close behind

Tech rally sends Nasdaq 100 to record high, with broader Nasdaq close behind

The Nasdaq 100 rallied to a record high on Thursday, supported as large-capitalization technology and internet stocks extended their massive year-to-date rally. The index which is heavily concentrated with major tech stocks, gained 1.4% in midday trading, hitting an intraday record of 7,347.07. Supporting the index was Microsoft Corp. which added 2.2%, and Alphabet Inc., the parent company of Google, […]

Tech-led rally pushes Nasdaq to record close

Tech-led rally pushes Nasdaq to record close

U.S. stocks rose to close higher Thursday with the Nasdaq finishing at a record as technology shares outperformed in a broad-based rally. Of the 11 S&P 500 industries, the information technology sector was the biggest winner, jumping 1.8%. Market sentiment recovered following a report that officials from the U.S. and China are working to resume trade negotiations to ease tensions. […]

Justice Department appeals AT&T-Time Warner antitrust decision

Justice Department appeals AT&T-Time Warner antitrust decision

The Department of Justice officially filed for an appeal of a judge‘s ruling that allowed AT&T Inc. to acquire Time Warner Inc. on Thursday, setting up yet another potential court showdown for the $85.4 billion merger. In one of the largest U.S. antitrust cases in decades, U.S. District Judge Richard Leon despite the government‘s resistance. The feds , and AT&T […]

Dow finishes up more than 180 points ahead of jobs report

Dow finishes up more than 180 points ahead of jobs report

U.S. stocks finished Thursday‘s trade solidly higher–a day after the Fourth of July break–as investors appeared to dismiss worries about an impending deadline on trade between the U.S. and China, and the release of minutes from the Federal Reserve that acknowledged the potential for tariff disputes to harm domestic economic expansion. The Dow Jones Industrial Average closed up about 180 […]