Markets

Dow gains 251 points as tech giants rally and stimulus hopes persist

US stocks rose on Monday as Democrats and Republicans inched closer to a stimulus compromise. Mega-cap companies including Apple and Amazon led indexes higher as investors rushed to the growth favourites. President Trump urged Republicans to speed up Amy Coney Barrett’s confirmation to the Supreme Court so that they can […]
Dow gains 251 points as tech giants rally and stimulus hopes persist
Markets

Dow jumps 328 points as Oracle and Nvidia deals boost tech sector

US stocks rallied on Monday on new tech-sector deals and shifting investor sentiment. Oracle leaped after the company won its bid to partner with TikTok’s US operations. Nvidia’s announcement that it would purchase Arm Holdings from SoftBank in a $US40 billion deal boosted semiconductor stocks including Micron and Qualcomm. Oil […]
Dow jumps 328 points as Oracle and Nvidia deals boost tech sector
Markets

S&P 500 closes 0.1% from record high after climbing on tech-sector strength

US stocks climbed on Monday as investors weighed fresh capital injections from the People’s Bank of China. The central bank added 700 billion yuan ($US101 billion) to China’s financial system on Monday, signalling the adoption of a more accommodative monetary-policy strategy. The S&P 500 crept back near its February 19 […]
S&P 500 closes 0.1% from record high after climbing on tech-sector strength
Markets

‘Everybody is a genius in a bull market’: Mark Cuban warns behaviour around the stock market’s current rally is eerily similar to the 1999 dot-com bubble

Tech stocks’ rally through recent months is “so similar” to the dot-com bubble seen in the late 1990s, billionaire entrepreneur Mark Cuban said on Monday. “Everybody’s a genius in a bull market and everybody’s making money right now” due to the Federal Reserve’s unprecedented monetary relief, he said on CNBC. […]
‘Everybody is a genius in a bull market’: Mark Cuban warns behaviour around the stock market’s current rally is eerily similar to the 1999 dot-com bubble
Markets

Facebook leads tech rally as global stocks rebound

Tech stocks rose amid a general rebound in US equities with Facebook leading the rally. Asian markets, except Japan, rose despite the arrest of Huawei CFO Meng Wanzhou and trade war fears weighing over markets. In Europe, stocks opened higher Tuesday paring losses from a choppy start to the week. […]
Facebook leads tech rally as global stocks rebound