Stocks And Shares, Nasdaq, Dow Jones

Stocks And Shares, Nasdaq

Nasdaq falls from record as Washington deal stays elusive

Nasdaq falls from record as Washington deal stays elusive

7/8/2020 11:56:00 PM

Nasdaq falls from record as Washington deal stays elusive

NEW YORK (AFP) - Wall Street stocks finished mixed on Friday (Aug 7), with the Nasdaq retreating from a record following solid US jobs data as Washington talks on a new spending package remained stalemated.. Read more at straitstimes.com.

The US added 1.8 million jobs last month, fewer than in May and June, but better than expected, the Labor Department reported.While unemployment fell to 10.2 per cent from 11.1 percent, that is still an extremely high number by historic standards and economists continue to view the US economy as being on shaky ground.

8 new Covid-19 clusters, including one linked to Changi General Hospital Explainer: What are the legal powers of Covid-19 safe distancing enforcement officers? Reports Claim Kris Wu Sexually Assaulted 13-Year-Old Fan; Lawyers Say He Could Get Death Sentence If Found Guilty Of Violating Multiple Victims

The Dow Jones Industrial Average ended up 0.2 per cent at 27,433.48.The broad-based S&P 500 gained 0.1 per cent to 3,351.28, while the tech-rich Nasdaq Composite Index dropped 0.9 per cent to 11,010.98, ending a four-day streak of records.The latest talks between Democratic congressional leaders and Trump administration officials again ended with finger-pointing.

"Another fiscal package is urgently needed, but alarmingly, policymakers may be at an impasse," said a note from Oxford Economics."Failure to reach an agreement adds downside risk to an economy that is already at a critical juncture." headtopics.com

Investors were also monitoring escalating friction between Washington and Beijing.On Friday, the United States slapped sanctions on Hong Kong's top leader in the wake of a new Chinese security law imposed on the city.The move came after Trump Thursday night announced sweeping restrictions against Chinese-owned social media giants TikTok and WeChat, drawing a rebuke from Beijing, which slammed the move as"arbitrary political manipulation and suppression."

Among individual companies, Uber Technologies slumped 5.1 per cent as it reported a US$5.2 billion (S$7.1 billion) quarterly loss amid the hit to the ride sharing company from Covid-19 shutdowns.UPS surged 7.9 per cent as it announced new surcharges for the coming holiday season, underscoring the benefit to the company from the increase in e-commerce orders.

Read more: The Straits Times »

Beds at Tokyo Olympic Village built to hold 200kg, can take 9 athletes’ weight

US: Nasdaq ends at another record as stocks extend rally[NEW YORK] The Nasdaq finished at its third straight record on Wednesday as US stocks shrugged off lackluster employment data and advanced on optimism over additional fiscal support. Read more at The Business Times.

Nasdaq surges 1% to finish above 11,000 for the first timeNEW YORK (AFP) - The Nasdaq powered its way to a fresh record on Thursday (Aug 6), shrugging off a stalemate in Washington on the latest emergency spending package.. Read more at straitstimes.com.

US: Nasdaq surges 1.0% to finish above 11,000 for the 1st time[NEW YORK] The Nasdaq powered its way to a fresh record on Thursday, shrugging off a stalemate in Washington on the latest emergency spending package. Read more at The Business Times.

US: Nasdaq ends at another record as stocks extend rally[NEW YORK] The Nasdaq finished at its third straight record on Wednesday as US stocks shrugged off lackluster employment data and advanced on optimism over additional fiscal support. Read more at The Business Times.

US weekly jobless claims edge down to 1.19 millionWASHINGTON: The number of Americans seeking unemployment benefits fell last week, but remained significantly high, suggesting the labour market ...

Nasdaq surges 1% to finish above 11,000 for the first timeNEW YORK (AFP) - The Nasdaq powered its way to a fresh record on Thursday (Aug 6), shrugging off a stalemate in Washington on the latest emergency spending package.. Read more at straitstimes.com.