MeritKapital News

Major U.S. stock indexes rose after Senate Majority Leader Chuck Schumer said lawmakers had reached a deal on a short-term debt-limit extension, potentially putting off a government default standoff for a couple of months. The S&P 500 climbed 0.83% to 4399.76. The Dow Jones Industrial Average gained 0.98% rising to 34754.94 while the Nasdaq Composite…

U.S. futures and stocks are both on a rise, bolstered by progress on debt-ceiling impasse. At the end of the trading day on Wednesday, stock closed high. Dow Jones index stands at 0.30% increase, the S&P 500 with a rise by 0.41% and the Nasdaq also by 0.47%. Treasury yields remained unchanged. Asian shares rise…

U.S. futures down as investors weighed risks to global growth ahead of a key U.S. employment report. At the end of the trading day on Tuesday, stock closed high after the selloff on Monday. Dow Jones index stands at 0.92% increase, the S&P 500 with a rise by 1.05% and the Nasdaq similar rises by…

A selloff in Facebook Inc. stock and shares of other big technology companies rippled through the market, pushing major U.S. indexes toward steep declines to start the week. Monday’s moves continued a recent trend of underperformance in big technology companies. Investors have fled shares of the highflying stocks as bond yields have lurched higher. The…

Asian shares traded lower this Monday with China’s property sector concerns offsetting positive data from US and news on a new drug to fight coronavirus. The trading in shares of China Evergrande was suspended pending an announcement about a major transaction. Investor sentiment was lifted on Friday on a new Merck & Co antiviral treatment…

US stocks closed lower to cap a weak September performance. The DOW led the slide, down 1.59% while the S&P and the NASDAQ shed 1.19% and 0.44% respectively. 10Y USTs yields were 3bps down as Congress agreed on a short-term spending bill averting a partial shutdown. The UK economy grew 5.5% in Q2, a stronger…

The S&P 500 and the Dow Jones slightly rose on Wednesday, but technology sector struggled again as the 10-year treasury yield traded volatilely. The Dow rose by 0.26% points to 34,390.72, and the S&P 500 added 0.16%. The tech-heavy Nasdaq was the laggard, falling 0.24% to finish at 14,512.44. The moves came after the Nasdaq…

In the U.S, futures rose after the S&P 500 fell the most since May with concerns over the debt-ceiling impasse in Washington adding to investor angst. The Nasdaq 100 tumbled the most since March as technology shares fared worse amid rising Treasury yields. The benchmark S&P 500 is down 3.8% so far this month and on pace…

US stocks had a mixed session to kick off the week with rates continuing to tick higher. The DOW managed to push higher, gaining 0.21%, while the S&P and the NASDAQ shed 0.52% and 0.52% respectively. The rally in energy stocks on supply concerns was overshadowed by the move higher in treasury yields, pushing rate-sensitive…

We start this week in a risk on mood with Asian equities creeping higher. At the same time the oil prices surge to three-year high, that could aggravate inflation fears and enforce the recent hawkish turn by some major central banks. The focus this week will be on central bank speeches with Chairman Jerome Powel…