• About
  • Team Members
  • Contact
  • Editorial Policy
  • Privacy Policy
  • Cookie Policy
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Man busted for threatening NYPD cops in precinct with knife

    Man busted for threatening NYPD cops in precinct with knife

    Suspect arrested in fatal Brooklyn stabbing

    Suspect arrested in fatal Brooklyn stabbing

    Man dies after jumping from Staten Island Ferry

    Man dies after jumping from Staten Island Ferry

    Kemp Lashes M.L.B. as Republicans Defend Georgia’s Voting Law

    Georgia’s Election Law, and Why Turnout Isn’t Easy to Turn Off

    Her Ballot Didn’t Count. She Faces 5 Years in Prison for Casting It.

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    How China’s Outrage Machine Kicked Up a Storm Over H&M

    NFTs Are Neither Miracles nor Scams

    What We Got Wrong About Uber and Lyft

    Hunting Ghost Particles Beneath the World’s Deepest Lake

    If You Care About Privacy, It’s Time to Try a New Web Browser

    Turing Award Goes to Creators of Computer Programming Building Blocks

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Devils swept by Capitals amid Kyle Palmieri trade buzz

    Devils swept by Capitals amid Kyle Palmieri trade buzz

    [Spring] Morehead State vs Butler Live Streams: 2021 FCS Week 8 Online

    Watch Weber State vs Southern Utah live Stream Free Reddit FCS Spring Football

    Eastern Washington vs UC Davis Live Stream Reddit: How to Watch FCS Spring Football 2021 Online

    Eastern Washington vs UC Davis Live Stream Reddit: How to Watch FCS Spring Football 2021 Online

    [Spring] Morehead State vs Butler Live Streams: 2021 FCS Week 8 Online

    Lamar University vs Southeastern Louisiana live Stream Free Reddit FCS Spring Football

    [Spring] Morehead State vs Butler Live Streams: 2021 FCS Week 8 Online

    Youngstown State vs. Western Illinois Live Stream Free Online Spring 2021 college football

    Carl Frampton vs Jamel Herring Fight Live Stream: What Channel I can Stream the Boxing FREE

    Carl Frampton vs Jamel Herring Fight Live Stream: What Channel I can Stream the Boxing FREE

  • Lifestyle
    • All
    • Fashion
    • Health
    • Travel

    Shooting More than 40 Years of New York’s Halloween Parade

    Heroes of the Storm Global Championship 2017 starts tomorrow, here’s what you need to know

    Why Millennials Need to Save Twice as Much as Boomers Did

    Doctors take inspiration from online dating to build organ transplant AI

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Man busted for threatening NYPD cops in precinct with knife

    Man busted for threatening NYPD cops in precinct with knife

    Suspect arrested in fatal Brooklyn stabbing

    Suspect arrested in fatal Brooklyn stabbing

    Man dies after jumping from Staten Island Ferry

    Man dies after jumping from Staten Island Ferry

    Kemp Lashes M.L.B. as Republicans Defend Georgia’s Voting Law

    Georgia’s Election Law, and Why Turnout Isn’t Easy to Turn Off

    Her Ballot Didn’t Count. She Faces 5 Years in Prison for Casting It.

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    How China’s Outrage Machine Kicked Up a Storm Over H&M

    NFTs Are Neither Miracles nor Scams

    What We Got Wrong About Uber and Lyft

    Hunting Ghost Particles Beneath the World’s Deepest Lake

    If You Care About Privacy, It’s Time to Try a New Web Browser

    Turing Award Goes to Creators of Computer Programming Building Blocks

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Devils swept by Capitals amid Kyle Palmieri trade buzz

    Devils swept by Capitals amid Kyle Palmieri trade buzz

    [Spring] Morehead State vs Butler Live Streams: 2021 FCS Week 8 Online

    Watch Weber State vs Southern Utah live Stream Free Reddit FCS Spring Football

    Eastern Washington vs UC Davis Live Stream Reddit: How to Watch FCS Spring Football 2021 Online

    Eastern Washington vs UC Davis Live Stream Reddit: How to Watch FCS Spring Football 2021 Online

    [Spring] Morehead State vs Butler Live Streams: 2021 FCS Week 8 Online

    Lamar University vs Southeastern Louisiana live Stream Free Reddit FCS Spring Football

    [Spring] Morehead State vs Butler Live Streams: 2021 FCS Week 8 Online

    Youngstown State vs. Western Illinois Live Stream Free Online Spring 2021 college football

    Carl Frampton vs Jamel Herring Fight Live Stream: What Channel I can Stream the Boxing FREE

    Carl Frampton vs Jamel Herring Fight Live Stream: What Channel I can Stream the Boxing FREE

  • Lifestyle
    • All
    • Fashion
    • Health
    • Travel

    Shooting More than 40 Years of New York’s Halloween Parade

    Heroes of the Storm Global Championship 2017 starts tomorrow, here’s what you need to know

    Why Millennials Need to Save Twice as Much as Boomers Did

    Doctors take inspiration from online dating to build organ transplant AI

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Review

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

    Shadow Tactics: Blades of the Shogun Review

    macOS Sierra review: Mac users get a modest update this year

    Hands on: Samsung Galaxy A5 2017 review

    The Last Guardian Playstation 4 Game review

No Result
View All Result
Revospring
No Result
View All Result
Home News Business

S&P 500 crosses 4,000 for the first time ever

admin by admin
April 3, 2021
in Business
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

[ad_1]

The S&P 500 breached the 4,000 mark for the first time Thursday, powered by gains in technology shares and optimism about a pickup in global economic activity.

A mammoth vaccination drive and a massive fiscal stimulus are expected to drive a recovery in the labor market, prompting investors to look past latest data that showed a rise in the number of Americans filing new claims for jobless benefits last week.

The closely watched monthly jobs report on Friday could show the US economy added 647,000 jobs in March, on top of a 379,000 increase in February.

The 4,000 level “could be a possible inflection point where it renews confidence that this bull cycle is not over and that equities can remain resilient in the face of heightened interest rates and perhaps a not as extremely accommodative Fed policy,” said Matt Hanna, portfolio manager at Summit Global Investments.

It took the benchmark index about a year-and-a-half to close the 1,000-point gap to 4,000, compared with about five years from 2,000 to 3,000 points.

The blue-chip Dow is just 1 percent shy off a record high. The Nasdaq, however, is about 5 percent below its all-time high as a rapid rise in U.S. bond yields accelerated a rotation from richly-valued tech stocks to underpriced economy-linked stocks.

Seven of the 11 major S&P sectors rose, with technology , communication services and energy gaining more than 1 percent.

“April is usually a pretty good month for the market historically and I would expect that momentum to continue especially as we see the economy strengthen,” said Larry Adam, chief investment officer at Raymond James.

Micron Technology jumped 4.6 percent after the chipmaker forecast fiscal third-quarter revenue above Wall Street estimates due to higher demand for memory chips, thanks to 5G smartphones and artificial intelligence software.

US-listed shares of rival Taiwan Semiconductor rose 3.8 percent on its plan to invest $100 billion over the next three years to meet the rising chip demand.

The technology-heavy Nasdaq jumped 1.48 percent as “high flying” stocks including Amazon, Apple, Google-parent Alphabet, Microsoft and Facebook added between 1.1 percent and 2.4 percent.

At 10:34 a.m. ET, the Dow Jones Industrial Average was up 123.69 points, or 0.38 percent, at 33,105.24, the S&P 500 was up 33.86 points, or 0.85 percent, at 4,006.84.

The three main indexes are set to close out a holiday-shortened week with gains, led by Nasdaq. U.S. stock markets will remain shut for Good Friday holiday.

The CBOE volatility index slipped below 18 points for the first time in 14 months, a level last seen before the coronavirus-driven global financial market meltdown in March 2020.

Johnson & Johnson fell 0.5 percent after the drugmaker said it had found a problem with a batch of the drug substance for its COVID-19 vaccine being produced by Emergent Biosolutions, whose shares tumbled 14 percent.

Advancing issues outnumbered decliners by a 2.80-to-1 ratio on the NYSE. Advancing issues outnumbered decliners by a 2.0-to-1 ratio on the Nasdaq.

The S&P index recorded 20 new 52-week highs and no new lows, while the Nasdaq recorded 99 new highs and 22 new lows.

[ad_2]

Source link

Previous Post

How Big Is Amazon, Really?

Next Post

California’s Governor Was Tested by the COVID-19. Now a Recall Looms

admin

admin

Next Post
California’s Governor Was Tested by the COVID-19. Now a Recall Looms

California’s Governor Was Tested by the COVID-19. Now a Recall Looms

Recent News

Man busted for threatening NYPD cops in precinct with knife

Man busted for threatening NYPD cops in precinct with knife

April 5, 2021
Devils swept by Capitals amid Kyle Palmieri trade buzz

Devils swept by Capitals amid Kyle Palmieri trade buzz

April 4, 2021
Suspect arrested in fatal Brooklyn stabbing

Suspect arrested in fatal Brooklyn stabbing

April 4, 2021
Man dies after jumping from Staten Island Ferry

Man dies after jumping from Staten Island Ferry

April 4, 2021

About Us

Revospring strives to serve as a dominant source of news articles that involves information acquired from various corners of the world. We are a team of writers, researchers, editors, and journalists that craft news articles from various niches such as business, popular headlines from the US and World, Technology, Entertainment and sports.

Follow Us

Browse by Category

  • Apps
  • Business
  • Fashion
  • Gadget
  • Gaming
  • Health
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • Politics
  • Review
  • Science
  • Sports
  • Startup
  • Tech
  • Travel
  • World

Recent News

Man busted for threatening NYPD cops in precinct with knife

Man busted for threatening NYPD cops in precinct with knife

April 5, 2021
Devils swept by Capitals amid Kyle Palmieri trade buzz

Devils swept by Capitals amid Kyle Palmieri trade buzz

April 4, 2021
  • About
  • Team Members
  • Contact
  • Editorial Policy
  • Privacy Policy
  • Cookie Policy
©️ 2021 RevoSpring. Powered by BritMedia360
No Result
View All Result

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.