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Monthly Archives: April 2021

Data released Thursday showed U.S. gross domestic product expanded at a 6.4% annualized rate in the first quarter

Written on April 30, 2021 at 3:25 am, by

Market Focus U.S. stocks rose to a record as investors digested the latest batch of corporate earnings and data that showed the American economy gained steam in the first three months of the year. Amazon.com climbed after hours on a better-than-estimated revenue forecast, while Twitter sank amid a lackluster outlook. In regular trading, Apple wipedContinue Reading

Jerome Powell said the central bank is not considering cutting back on asset purchases that have helped the economy recover from the pandemic

Written on April 29, 2021 at 4:42 am, by

Market Focus An exchange-traded fund tracking the Nasdaq 100 Index jumped in late trading after Apple Inc. crushed revenue estimates and Facebook Inc. reported gains in sales and users. Stocks ended the cash session lower after a back-and-forth day. The S&P 500 reached a session high after Jerome Powell said the central bank is notContinue Reading

The Nasdaq 100 dropped for the first time in three sessions, weighed down by declines in tech heavyweights including Tesla Inc. and Alphabet Inc.

Written on April 28, 2021 at 3:05 am, by

Market Focus U.S. technology stocks fell as investors turned their attention to a batch of earnings from industry heavyweights that have helped drive the market to all-time highs. The Nasdaq 100 dropped for the first time in three sessions, weighed down by declines in tech heavyweights including Tesla Inc. and Alphabet Inc. The S&P 500Continue Reading