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U.S. stocks end higher with a rebound in tech shares

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2 years ago

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There’s relief for investors with U.S. stocks ending higher on Monday, following Wall Street’s longest streak of weekly declines since the dotcom crash over 20 years ago

Gains from banks and a rebound in tech shares supported the rally.

All three of the major stock indexes rose between 1.6 and 2 percent, led by Apple and Microsoft.

This is a stark difference from last week.

On Friday, the S&P 500 closed over 18 percent below its record closing high back in January.

Markets have been the victim of persistently high inflation and attempts by the Federal Reserve to rein it in.

On a global scale, the economy is also still trying to cope with the ongoing fallout from Russia’s invasion of Ukraine.

But it appears investors are becoming less concerned about rising inflation and the Fed’s attempts to deal with it.

On Wednesday, the key U.S. banking authority will give the public an insight into its state of mind when it releases minutes from the latest policy meeting.

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Why the meme-stock frenzy is unlikely to repeat

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2 days ago

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May 14, 2024

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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2 days ago

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May 14, 2024

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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3 days ago

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May 13, 2024

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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