On Thursday, Barclays posted a full-year profit of 3 1.53 billion (2. 2.11 billion) for 2020, down 38% from 2019 but exceeding analyst expectations. The British lender attributed its fourth quarter net profit to 220 million shareholders, despite the UK taking new nationwide lockout measures amid the resurgence of Covid-19. …
Read More »The S&P 500 is on its best weekly track since early November
US stock futures rose on Friday to indicate that the S&P 500 is ready for its best week in three months, at the risk of investors that a fresh coronavirus-relief spending package will strengthen the economy. S&P 500-linked futures rose 0.4%, indicating that the broad market gauge could rise after …
Read More »Shares hit all-time highs, breaking Biden Hoover’s advantage
U.S. stocks closed at a record high on Wednesday and Jid Biden was sworn in as the 46th president – the new commander-in-chief set a record for stock gains between his election and inauguration. The benchmark S&P 500 index closed 14 per cent higher on opening day than on election …
Read More »Stock futures go ahead with Yellen’s testimony
U.S. The stock futures went ahead with several earnings representations and testimonies made by Janet Yellen in which she is expected to support higher coronavirus relief costs. Futures linked to the S&P 500 rose 0.6%, pointing to a rally after the opening bell. Those joining the Nasdaq-100 added 0.9%, suggesting …
Read More »Stock futures will break the winning streak after Monday’s session
US equity futures were flat in overnight trading on Monday after breaking the winning streak as investors became concerned about the stretched valuation of the stock. Dow futures rose 20 points. S&P 500 futures are up 0.07% and Nasdaq 100 futures are up 0.18%. On Monday, investors down the valuation …
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