NEW YORK, Sept 28 — The Dow and the S&P 500 indexes gained in volatile trading today as easing Treasury yields gently lifted rate-sensitive growth stocks, while losses in Apple Inc after it dropped plans to boost iPhone production weighed on the Nasdaq.
“Yields now are approaching the Fed’s desired target level of 4 and 4.5 per cent. So once that happens, we should see yields beginning to level off and that should boost equity prices,” said Peter Cardillo, chief market economist, Spartan Capital Securities LLC. Chipmakers Advanced Micro Devices, Qualcomm Inc Nvidia Corp and Micron Tech were down between 0.3 per cent and 1.9 per cent.
Helping cut some declines on the Nasdaq, Biogen shares surged 35.8 per cent after its Alzheimer’s drug, developed with Japanese partner Eisai, succeeded in slowing cognitive decline.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Covid-19 (Sept 27): 1,186 new cases, 7 deathsNew daily cases lowest in 112 days.
Source: malaysiakini - 🏆 20. / 51 Read more »
Covid-19 (Sept 27): 1,552 new cases, 6 deathsThere were 147 deaths attributed to Covid-19 this month.
Source: malaysiakini - 🏆 20. / 51 Read more »
Arm declares new board members, new chief financial officerKUALA LUMPUR, Sept 27 — Arm has announced the appointment of new Board members Karen Dykstra, former Chief Financial and Administrative Officer of AOL and Jeff Sine,...
Source: malaymail - 🏆 1. / 86 Read more »
Wall Street ends lower, Dow confirms bear marketNEW YORK, Sept 27 — Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve’s aggressive...
Source: malaymail - 🏆 1. / 86 Read more »
Nasa’s DART spacecraft hits target asteroid in test of planetary defence systemNEW YORK, Sept 27 — Hurtling through the solar system at hypersonic speed yesterday, Nasa’s DART spacecraft slammed itself into a distant asteroid in a test of the world’s...
Source: malaymail - 🏆 1. / 86 Read more »
US FDA to review fewer emergency use requests for Covid testsNEW YORK, Sept 27 — The US Food and Drug Administration said today it will now review only a small number of emergency use authorisation requests for Covid tests that are likely...
Source: malaymail - 🏆 1. / 86 Read more »