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
A winter wave of COVID-19 may be brewing in the U.S., with many states reporting distinct increases in confirmed cases. More economic stimulus may be necessary if the pandemic worsens from here, but Congress remains deadlocked on the issue. Despite all of this, the stock market was surging on Monday, with the Dow Jones Industrial Average(DJINDICES:^DJI) up 1.05% at 1:05 p.m. EDT.
Tech giant Apple(NASDAQ:AAPL) was the Dow’s top performer on Monday, rallying hard one day before the company is expected to announce iPhones that feature 5G technology. Shares of Cisco Systems(NASDAQ:CSCO) were also higher despite an analyst downgrade.
Image source: Getty Images.
Apple surges ahead of iPhone event
If 2020 were a normal year, Apple’s latest iPhones would have likely already launched. But supply chain disruptions due to the COVID-19 pandemic forced Apple to delay the launch by a few weeks. At an event in September,
Democratic presidential nominee Joe BidenJoe BidenDemocratic poll shows neck-and-neck race brewing in Florida House district Nebraska district could prove pivotal for Biden in November Bringing Black men back home MORE holds a steady lead over President TrumpDonald John TrumpNorth Korea unveils large intercontinental ballistic missile at military parade Trump no longer considered a risk to transmit COVID-19, doctor says New ad from Trump campaign features Fauci MORE in the key battlegrounds of Michigan and Nevada, while the race remains a dead head in Iowa, according to a new poll.
A CBS News-YouGov tracking poll taken between Oct. 6 and Oct. 9 found Trump trailing Biden by 6 points among registered voters in Michigan and Nevada, 52 percent to 46 percent in both states. In Iowa, both candidates registered support from 49 percent of registered voters.
The polls paint a bleak picture for the president, whose 2016 victory was
In 2018, planetary scientist Roberto Orosei and his colleagues stirred up a multi-planetary controversy when they claimed they’d found evidence of a subglacial lake nearly a mile below ice at Mars’s south pole. At the time, fellow planetary scientists met the claims with intense scrutiny.
Now, Orosei, a planetary scientist at Italy’s National Institute for Astrophysics, and his fellow researchers say they have new, additional evidence that these deep, vast subglacial lakes really do exist. They published their findings this week in the journal Nature Astronomy.
🌌 You like badass space stuff. So do we. Let’s nerd out over the universe together.
If these lakes are, in fact, real, they could reshape our understanding of whether life could still exist on Mars. “This area is the closest thing to ‘habitable’ on Mars that has been found so far,” Orosei told Science News.
In an article published in Nature Genetics, researchers confirm that about 14% of all cases of cerebral palsy, a disabling brain disorder for which there are no cures, may be linked to a patient’s genes and suggest that many of those genes control how brain circuits become wired during early development. This conclusion is based on the largest genetic study of cerebral palsy ever conducted. The results led to recommended changes in the treatment of at least three patients, highlighting the importance of understanding the role genes play in the disorder. The work was largely funded by the National Institute of Neurological Disorders and Stroke (NINDS), part of the National Institutes of Health.
“Our results provide the strongest evidence to date that a significant portion of cerebral palsy cases can be linked to rare genetic mutations, and in doing so identified several key genetic pathways involved,” said Michael Kruer,
The market moved sharply higher on Monday, trying to recover from its fourth straight week of losses, as investors cheered progress in negotiations over the next coronavirus stimulus bill.
The Dow Jones Industrial Average was up 1.5%, over 400 points, on Monday, while the S&P 500 rose 1.6% and the tech-heavy Nasdaq Composite gained 1.9%.
With only a few days of trading left in September, all three major averages are still on track to post their first monthly losses since March, when the stock market hit a low point during the coronavirus pandemic.
Big Tech stocks, which have been the main source of the market’s sell-off in September, rebounded on Monday: Shares of Amazon, Apple, Microsoft, Facebook and Google-parent Alphabet all rose.
Bank stocks also led the market higher, with JPMorgan Chase, Bank of America, Citigroup,
The type of responses that we have seen in recent IPOs point towards not only ample liquidity in the system but more importantly towards investor sentiment, Prasanna Pathak, Head of Equity, Taurus Mutual Fund, said in an interview with Moneycontrol’s Kshitij Anand.
Q) US Fed plans to keep interest rates low for a long time. What is the kind of impact it will have on emerging markets like India as well as the currency?
A) The plan to keep the interest rates low for a long time, indicates that the US Fed is skeptical of demand revival in the economy and hence the revival of inflation in the short to medium term.
Though this does point to a weak economic recovery. The low-interest rates coupled with the central
The Air Force’s clandestine flight test center deep inside the Nevada Test and Training Range, known as Area 51 or Groom Lake, among more colorful nicknames, continues to grow as it approaches its seventh decade of operations. Constant construction has grown the remote facility dramatically since the turn of the millennium, including the addition of a massive and still mysterious hangar built at the base’s remote southern end. Now, an even larger extension to an existing hangar facility that is quite peculiar in nature points to the very real possibility that the age of large swarms of unmanned combat air vehicles (UCAVs) has finally arrived.
For around a year, construction has been underway in a prominent section of the southern ramp area at the base, near where the original A-12 Oxcart hangars still stand. A quartet of more modern hangars that are divided into two separate buildings, with each bay
Major US stock indexes climbed on Friday, driven by a surge in technology stocks.
Still, Friday’s increase wasn’t enough to lift them into positive territory for the week. Both the S&P 500 and Dow Jones industrial average notched their fourth straight weekly decline.
Equities have come under pressure in recent week as investors monitor rising COVID-19 cases overseas and in the US.
Putting additional pressure on stocks is Congress’ likely inability to pass another round of fiscal stimulus before the November election.
Watch major indexes update live here.
Stocks climbed on Friday, driven by the same sector that’s led markets lower over the past month: technology. Investors bought the dip and pushed major indexes firmly into positive territory after tepid trading in the morning hours.
Still, Friday’s gains weren’t enough to salvage a positive week. The S&P 500 and Dow Jones industrial average both notched