U.S. Indices: Dow Jones, S&P 500 Fell, NASDAQ Rose

As political talks continue between Congress and Treasury Secretary Steven Mnuchin on a new budget funding package in the face of the coronavirus crisis, the New York Stock Exchange ended Thursday without a clear path. Faced with the increase in Covid-19 cases, weekly jobs figures indicated a sharp downturn in this sector in the United States. On the vaccine front on Thursday, the FDA convened its advisory committee to decide on the Pfizer and BioNTech vaccines. In the first minutes of listing, Airbnb (up 113 per cent) made an explosive debut on the Nasdaq by doubling in volume. The company raised about $3.7 billion in the trading with a valuation of more than $100 billion.


Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.

Sponsored


At the close, at 29,999 points, the Dow Jones was down 0.23 percent, symbolically finishing below the 30,000-point mark, while the S&P 500’s large index fell 0.13 percent to 3,668 points and the Nasdaq Composite index, rich in technology and biotech stocks, added 0.54 percent to 12,405 points after a drop of -1.9 percent on Wednesday.

The markets responded little to the ECB’s announcement that its pandemic emergency procurement program (PEPP) would increase by EUR 500 billion, which had been widely expected.

Earlier in the day, Asian markets ended in a fragmented order (-0.2% for Nikkei, -0.04% for Shanghai Composite) as well as European markets (-0.2% for Nikkei, -0.04% for Shanghai Composite) (-0.33 percent for the DAX 30 and 0.05 percent for the CAC 40).

In Europe, investors have responded little to the ECB’s announcements, which have worked as expected to increase and expand its emergency pandemic procurement program (PEPP). The purchasing amount was thus raised from EUR 1,350 billion to EUR 1,850 billion (an increase of 500 billion euros). ECB President Christine Lagarde also called on countries to provide more financial support by opening a two-day EU summit on the potential 750 billion EU Covid-19 support packages.

Latest

The Chart for Block Inc. (SQ) Stock Is Flashing Mixed Signals

In the first quarter, large investment funds expanded their...

What to Expect When Snap Inc. (SNAP) Reports Quarterly Earnings?

Snapchat, a social media platform owned by Snap Inc....

Getting Sustainable Earnings? Movado Group Inc. (MOV)

Movado Group Inc. (NYSE: MOV), the owner of the...

Future Prospects Brighter For Red Cat Holdings Inc. (RCAT) Stock

The US Army has awarded Red Cat Holdings, Inc....

Newsletter

 

Don't miss

Healthy Upside Potential: Maxar Technologies Ltd. (MAXR)

In May 25 trading, shares of space business Maxar...

Atkore Inc. (ATKR) stock: Better Than You Think

Atkore Inc. (NYSE:ATKR), a manufacturer of infrastructure, electrical, and...

Provention Bio, Inc. (PRVB) Having a Robust Premarket After Abysmal Thursday

Provention Bio, Inc. (PRVB), a clinical stage biopharmaceutical company,...

Farmmi, Inc. (FAMI) Stock Soaring in Premarket, Here’s the Reason

Farmmi, Inc. (FAMI), a company that processes and sells...

Ulta Beauty Inc. (ULTA) last month performance of -6.16% certainly makes it a sizzling prospect

Ulta Beauty Inc. (NASDAQ: ULTA) open the trading on May 26, 2022, with great promise as it jumped 7.09% to $377.96. During the day,...

The key reasons why Alset EHome International Inc. (AEI) is -95.54% away from 52-week high?

Witnessing the stock’s movement on the chart, on May 26, 2022, Alset EHome International Inc. (NASDAQ: AEI) set off with pace as it heaved...

StoneCo Ltd. (STNE) latest performance of 2.97% is not what was on cards

StoneCo Ltd. (NASDAQ: STNE) established initial surge of 2.97% at $9.71, as the Stock market unbolted on May 26, 2022. During the day, the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here