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NEW YORK: The S&P 500 tech sector broke its previous record closing high that had held since March 2000 in the midst of the dot-com and Y2K tech stocks bubble. It has been the best-performing sector this year with a 22.8 percent advance.
NEW YORK: Morgan Stanley beat Wall Street’s profit expectations on Wednesday, reporting gains across most of its businesses and producing more trading revenue than rival Goldman Sachs Group Inc, a rare feat.
NEW YORK: The Nasdaq and the S&P 500 opened at record highs on Wednesday, powered by technology and healthcare stocks, while the Dow was weighed down by a fall in IBM’s shares.
NEW YORK: A Netflix rally boosted the Nasdaq Composite to a record high on Tuesday while Goldman Sachs Group Inc dragged the Dow lower as earnings take center stage on Wall Street.
NEW YORK: JPMorgan Chase & Co, the biggest US bank by assets, reported a better-than-expected quarterly profit on Friday as gains from higher interest rates and loan growth more than offset a drop in bond trading.
KUALA LUMPUR: Petronas-linked stocks were the top gainers on Monday as crude oil prices extended their recovery, helping to nudge the FBM KLCI into the positive territory towards the close.
HONG KONG: Exchange-traded fund firms are waiting for the start of a link that would let potentially millions of Chinese investors buy ETFs in Hong Kong, but the programme is still at the discussion stage, according to the chief executive of the city’s stock exchange.
LONDON: Barclays reported its first-quarter profit more than doubled on Friday, but its investment bank missed out on a bond trading boom that saw earnings surge at its Wall Street rivals and its shares fell in initial trading.