Tag: gains

Scientist gains fresh insight into the origins of earthquakes

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earthquak
Credit: CC0 Public Domain

Sometimes barely noticeable, and at other times devasting, earthquakes are a major geological phenomenon which provide a stark reminder that our planet is constantly evolving. Scientists have made significant progress in understanding these events over the past 50 years thanks to sensors set up around the world. And while we know that earthquakes are caused by shifts in tectonic plates, a lot remains to be learned about how and why they occur.


Passelègue, a scientist at ENAC’s Laboratory of Experimental Rock Mechanics (LEMR), has been studying the dynamics of faults—or the areas between tectonic plates, where most earthquakes occur—for the past ten years. He recently made a breakthrough in understanding the rupture mechanisms that eventually lead to seismic shifts along fault lines. His findings were published in the prestigious Nature Communications on 12 October 2020.

“We know that rupture speeds can vary from a few millimeters

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S&P 500 Gains 57 Points Ahead of Earnings, Huge Apple and Amazon Events, Ford Stock Gets an Upgrade

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The S&P 500 Index (SNPINDEX: ^GSPC) gained nearly 1.7% on Oct. 12, a huge day for the index that makes up some 80% of the entire U.S. stock market’s value. With the exception of materials, every sector closed higher today, but tech did the heavy lifting. The Technology Select Sector SPDR ETF gained 3%. Apple (NASDAQ: AAPL) gained 6.2% today, while Amazon.com (NASDAQ: AMZN) closed up 4.5% and Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) and Facebook (NASDAQ: FB), picked up 4%. Combined, that’s $7.4 trillion in market cap gaining more than 4.5% on average.

Why the big day? A combination of factors, including Wall Street analyst upgrades, optimism that Congress could reach a deal on stimulus, and high hopes as earnings season gets under way — not to mention a couple of big events coming up for Apple and Amazon. Shares of auto giant Ford (NYSE: F) joined Apple in

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Dow gains 250, Apple jumps 6%, Ford climbs on upgrade

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Stocks finish solid Monday

The major indexes couldn’t hold on to their session highs but still finished with solid gains for Monday’s session. The Dow rose 250 points, or 0.9%, while the S&P 500 advanced 1.6%. The Nasdaq Composite climbed 2.6%. Apple’s gain of 6.4% boosted all three indexes. — Jesse Pound

Final hour of trading: Tech shares spark massive market rally to start the week

The major averages were headed for sharp gains on Monday, with tech stocks leading the gains. The Dow traded 300 points higher, or 1%. The S&P 500 jumped nearly 2% and the Nasdaq Composite popped more than 3% for its biggest one-day rally since April. —Fred Imbert

Oil slips nearly 3% as supply comes back online

Oil prices slid on Monday after supply came back online in the U.S., Libya and Norway. West Texas Intermediate crude, the U.S. oil benchmark, slid $1.17, or

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

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Andrew Burton/Getty Images


  • 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 favorites.
  • President Trump urged Republicans to speed up Amy Coney Barrett’s confirmation to the Supreme Court so that they can pass a new stimulus bill before Election Day.
  • Investors also prepared for earnings season. Citigroup and JPMorgan are set to kick off reporting on Tuesday.
  • Oil futures sank as operations temporarily halted by Hurricane Delta resumed. West Texas Intermediate crude fell as much as 3.8%, to $39.04 per barrel.
  • Watch major indexes update live here.

US equities extended their rally into a new week as investors pushed tech giants higher.

Apple surged ahead of a Tuesday event widely expected to unveil the next generation of iPhones. Amazon climbed as it kicked off its Prime Day sale

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Strong gains for technology stocks send Wall Street higher

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Solid gains for technology stocks pushed Wall Street higher Monday, tacking more gains onto last week’s rally. The S&P 500 rose 1.6%. Big Tech companies including Apple and Amazon, whose businesses have been thriving despite the pandemic, led the way higher. Companies that depend more on broad growth in the economy didn’t rise as much. Investors are still waiting to see whether Washington can get past its partisan divide to deliver more support for the economy. This week also marks the start of earnings reporting season, when CEOs will detail how their companies fared from July through September.

THIS IS A BREAKING NEWS UPDATE: AP’s earlier story appears below.

Stocks are pushing higher on Wall Street in afternoon trading Monday and tacking more gains onto last week’s market rally, its best in three months.

The S&P 500 was 2% higher, following up on strengthening in stock markets around the world.

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Wall Street Adds More Gains to Last Week’s Rally; Tech Leads | Business News

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By STAN CHOE and ALEX VEIGA, AP Business Writers

Stocks are pushing higher on Wall Street in afternoon trading Monday and tacking more gains onto last week’s market rally, its best in three months.

The S&P 500 was 1.8% higher, following up on strengthening in stock markets around the world. The Dow Jones Industrial Average was up 308 points, or 1.1%, at 28,895, as of 12:35 p.m. Eastern time, and the Nasdaq composite was 2.6% higher.

The gains are being driven mostly by Big Tech stocks, whose businesses have proven to be practically impervious to the pandemic, rather than companies that would benefit from a strengthening economy.

Apple climbed 5.4% and alone accounted for nearly a quarter of the S&P 500’s rise. Amazon gained 5.1%. Both companies have events coming up this week, with Apple expected to unveil its latest batch of iPhones on Tuesday and Amazon holding its Prime

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Wall Street adds more gains to last week’s rally; tech leads

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People walk past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Oct. 12, 2020. Asian shares are mostly higher in muted trading on Monday, as worries about the pandemic keep optimism in check, despite the rally that closed out last week on Wall Street.


Vincent Yu

AP

Stocks are pushing higher on Wall Street in afternoon trading Monday and tacking more gains onto last week’s market rally, its best in three months.

The S&P 500 was 1.8% higher, following up on strengthening in stock markets around the world. The Dow Jones Industrial Average was up 308 points, or 1.1%, at 28,895, as of 12:35 p.m. Eastern time, and the Nasdaq composite was 2.6% higher.

The gains are being driven mostly by Big Tech stocks, whose businesses have proven to be practically impervious to the pandemic, rather than companies that would benefit from

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Wall Street adds more gains to last week’s rally; tech leads

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NEW YORK (AP) — Wall Street is pushing higher in Monday morning trading and tacking more gains onto last week’s rally, its best in three months.

The S&P 500 was 0.9% higher, following up on strengthening in stock markets around the world. The Dow Jones Industrial Average was up 165 points, or 0.6%, at 28,752, as of 10:23 a.m. Eastern time, and the Nasdaq composite was 1.4% higher.

Monday’s market gains were driven mostly by Big Tech stocks, whose businesses have proven to be practically impervious to the pandemic, rather than companies that would benefit from a strengthening economy.


Apple rose 3.4% and alone accounted for nearly a quarter of the S&P 500’s rise. Amazon gained 3.3%. Both companies have events coming up this week, with Apple expected to unveil its latest batch of iPhones on Tuesday and Amazon holding its Prime Day on Tuesday and Wednesday.

Microsoft also climbed

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EMERGING MARKETS-Thailand gains after govt adds tax deduction to stimulus push

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By Shruti Sonal

Oct 8 (Reuters) – Thai stocks climbed nearly 1% on Thursday as the government took measures to boost consumption in its coronavirus-battered economy, leading gains across a handful of Asia’s big emerging markets.

With markets globally eyeing a tumultuous U.S. election campaign and roadblocks in passing stimulus in the world’s biggest economy, currencies across the region were subdued, with the Taiwan dollar again the main standout, rising almost 1%.

Thailand’s benchmark index .SETI hit its highest in over two weeks after officials added a tax deduction on purchases of goods and services to cash handouts and subsidies announced last month.

Deputy Prime Minister Supattanapong Punmeechaow said altogether the measures would push about 200 billion baht ($6.4 billion) into the economy in the last three months of this year.

The tourist-heavy economy has started receiving its first visitors this week after months of travel curbs and its

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Big tech weighs on U.S., world equities, capping gains on Trump’s improving health

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NEW YORK (Reuters) – Large-cap tech stocks weighed on U.S. and European equities on Tuesday despite reassurances about President Donald Trump’s improving health and progress toward a stimulus deal.

Men wearing protective face masks chat in front of a screen displaying Nikkei share average and world stock indexes outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan October 5, 2020. REUTERS/Issei Kato

President Trump said he felt “real good” upon returning to the White House after a three-day hospital stay where he received an experimental treatment for COVID-19.

“The view that Trump appears to be on the road of recovery is benefiting the global markets because it indicates that there is stability in the White House,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

But market-leading large cap tech stocks weighed on U.S. stocks after reports that the U.S. House of Representative’s upcoming

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