Apple Inc. is planning a 4-for-1 stock split and has major implications for the Dow Jones Industrial Average, of which it is a key component. The iPhone maker announced Thursday that its board approved the stock split. The division will affect registered owners beginning August 24 and Apple AAPL shares, …
Read More »Qualcomm shares top $ 100 as Huawei deal clears last barrier to 5G license
Qualcomm Inc.’s share price surpassed its previous high of $ 100 set two decades ago on Thursday after the chipmaker revealed that it resolved a license dispute with the world’s largest smartphone maker, clearing the way for as the new 5G standard is implemented. Qualcomm QCOM, + 15.46% The shares …
Read More »Stocks drop sharply, drop nearly 500 points after grim jobless claims, worst GDP reading ever recorded
US stocks traded lower on Thursday, chased by economic reports that showed the sharpest decline in GDP recorded in the second quarter and a weekly report of jobless claims suggesting that the rebound of the pandemic is losing steam. amid a further increase in COVID-19 cases. Lack of progress in …
Read More »Gold rises higher for ninth session in a row, ahead of Fed decision
Gold futures were modestly higher on Wednesday, ready to post a ninth straight gain after scoring a record deal and intraday high a day earlier, as investors await the outcome of a Federal Reserve policy meeting. In the weeks after the last Fed meeting, “the number of new [COVID-19] cases …
Read More »US stocks rise as investors analyze earnings, await Fed decision
Shares were moderately higher on Wednesday as investors awaited the conclusion of a Federal Reserve policy meeting, watched conversations about a coronavirus aid package in Congress, and continued to advance through an avalanche of corporate earnings reports first order. Market participants also braced themselves for possible fireworks on Capitol Hill, …
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