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Joyce Hui
2022-05-24

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US STOCKS-Wall Street Rallies on Back of Big Tech, Banks

JPMorgan Chase upbeat interest income outlook boosts banksBroadcom shares fall on potential VMware buyoutIndexes up: Dow 1.98%, S&P 1.86%, Nasdaq 1.59%U.S. stocks ended higher on Monday as gains from

US STOCKS-Wall Street Rallies on Back of Big Tech, Banks

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LMSunshine
·2022-07-26
Are you new to Tiger? If yes,🥳welcome to the Tiger Community.I can’t follow more people as my app keeps crashing.If you follow me,I can check your homepage regularly & help to like your post too!
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If the benchmark index closes 20% or more below that record, it will confirm it has been in a bear market since then.</p><p>Markets have been roiled in recent weeks by worries about persistently high inflation and aggressive attempts by the Federal Reserve to rein it in while the global economy copes with fallout from Russia&#39;s invasion of Ukraine.</p><p>&#34;Today it would appear the market is less fearful over the inflation factor and the Fed being able to orchestrate a soft landing so to speak,&#34; said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.</p><p>But &#34;the bias is still to the downside,&#34; Carlson added.</p><p>The Dow Jones Industrial Average rose 618.34 points, or 1.98%, to 31,880.24, the S&amp;P 500 gained 72.39 points, or 1.86%, to 3,973.75 and the Nasdaq Composite added 180.66 points, or 1.59%, to 11,535.28.</p><p>The Fed will give investors a hint of its state of mind on Wednesday, when it releases minutes from its latest policy meeting.</p><p>Economic indicators this week might lend further support to the notion that inflation peaked in March, and show whether high prices have hurt consumer spending power.</p><p>All 11 major sectors of the S&amp;P 500 ended the session green, with financials enjoying the largest percentage gain, advancing 3.2%</p><p>First-quarter reporting season is nearly a wrap, with 474 of companies in the S&amp;P 500 having posted results. Of those, 78% beat expectations, according to Refinitiv.</p><p>Looking ahead, current quarter pre-announcements are generally pessimistic, with 59 negative projections and 32 positive, compared with the year-ago quarter&#39;s 37 negative and 52 positive, per Refinitiv.</p><p>Shares of VMWare Inc surged 24.8% following reports over the weekend that chipmaker Broadcom Inc was in talks to acquire the cloud service provider. Broadcom dropped 3.1%.</p><p>U.S.-listed shares of Chinese ride-hailing app Didi Global dropped 4.0% after shareholders voted in favor of de-listing from the New York Stock Exchange.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.43-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted one new 52-week high and 31 new lows; the Nasdaq Composite recorded 27 new highs and 142 new lows.</p><p>Volume on U.S. exchanges was 10.93 billion shares, compared with the 13.36 billion average over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Rallies on Back of Big Tech, Banks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Co raised its current year interest income outlook.</p><p>JPMorgan Chase&#39;s stock surged 6.2%.</p><p>&#34;It feels like a relief rally more than a fundamental change in investor sentiments,&#34; said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. &#34;Investors as a whole feel like there&#39;s another shoe to drop and they&#39;re probably right in the short term.&#34;</p><p>On Friday, the S&amp;P 500 closed 18.7% below its record closing high reached on Jan. 3. If the benchmark index closes 20% or more below that record, it will confirm it has been in a bear market since then.</p><p>Markets have been roiled in recent weeks by worries about persistently high inflation and aggressive attempts by the Federal Reserve to rein it in while the global economy copes with fallout from Russia&#39;s invasion of Ukraine.</p><p>&#34;Today it would appear the market is less fearful over the inflation factor and the Fed being able to orchestrate a soft landing so to speak,&#34; said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.</p><p>But &#34;the bias is still to the downside,&#34; Carlson added.</p><p>The Dow Jones Industrial Average rose 618.34 points, or 1.98%, to 31,880.24, the S&amp;P 500 gained 72.39 points, or 1.86%, to 3,973.75 and the Nasdaq Composite added 180.66 points, or 1.59%, to 11,535.28.</p><p>The Fed will give investors a hint of its state of mind on Wednesday, when it releases minutes from its latest policy meeting.</p><p>Economic indicators this week might lend further support to the notion that inflation peaked in March, and show whether high prices have hurt consumer spending power.</p><p>All 11 major sectors of the S&amp;P 500 ended the session green, with financials enjoying the largest percentage gain, advancing 3.2%</p><p>First-quarter reporting season is nearly a wrap, with 474 of companies in the S&amp;P 500 having posted results. Of those, 78% beat expectations, according to Refinitiv.</p><p>Looking ahead, current quarter pre-announcements are generally pessimistic, with 59 negative projections and 32 positive, compared with the year-ago quarter&#39;s 37 negative and 52 positive, per Refinitiv.</p><p>Shares of VMWare Inc surged 24.8% following reports over the weekend that chipmaker Broadcom Inc was in talks to acquire the cloud service provider. Broadcom dropped 3.1%.</p><p>U.S.-listed shares of Chinese ride-hailing app Didi Global dropped 4.0% after shareholders voted in favor of de-listing from the New York Stock Exchange.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.43-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted one new 52-week high and 31 new lows; the Nasdaq Composite recorded 27 new highs and 142 new lows.</p><p>Volume on U.S. exchanges was 10.93 billion shares, compared with the 13.36 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QID":"纳指两倍做空ETF","BK4548":"巴美列捷福持仓","BK4170":"电脑硬件、储存设备及电脑周边","BK4528":"SaaS概念","AVGO":"博通","BK4532":"文艺复兴科技持仓","JPM":"摩根大通","BK4515":"5G概念","BK4554":"元宇宙及AR概念","BK4553":"喜马拉雅资本持仓",".DJI":"道琼斯","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","DXD":"道指两倍做空ETF","BK4576":"AR","QLD":"纳指两倍做多ETF","BK4533":"AQR资本管理(全球第二大对冲基金)","PSQ":"纳指反向ETF","BK4575":"芯片概念","BK4566":"资本集团","BK4525":"远程办公概念","SDOW":"道指三倍做空ETF-ProShares","DDM":"道指两倍做多ETF","BK4535":"淡马锡持仓","BK4577":"网络游戏","BK4501":"段永平概念","BK4527":"明星科技股","BK4538":"云计算","BK4559":"巴菲特持仓","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4141":"半导体产品","VMW":"威睿","BK4503":"景林资产持仓","MSFT":"微软","DJX":"1/100道琼斯","BK4574":"无人驾驶","BK4207":"综合性银行","DOG":"道指反向ETF","BK4551":"寇图资本持仓","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","AAPL":"苹果","BK4581":"高盛持仓","UDOW":"道指三倍做多ETF-ProShares"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2237261368","content_text":"JPMorgan Chase upbeat interest income outlook boosts banksBroadcom shares fall on potential VMware buyoutIndexes up: Dow 1.98%, S&P 1.86%, Nasdaq 1.59%U.S. stocks ended higher on Monday as gains from banks and a rebound in market-leading tech shares supported a broad-based rally following Wall Street's longest streak of weekly declines since the dotcom bust more than 20 years ago.All three major U.S. stock indexes advanced between 1.6% and 2.0%, with the heftiest boost coming from rebounding megacap tech stocks Apple Inc and Microsoft Corp.Interest rate-sensitive banks jumped 5.1% after the largest U.S. lender, JPMorgan Chase & Co raised its current year interest income outlook.JPMorgan Chase's stock surged 6.2%.\"It feels like a relief rally more than a fundamental change in investor sentiments,\" said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"Investors as a whole feel like there's another shoe to drop and they're probably right in the short term.\"On Friday, the S&P 500 closed 18.7% below its record closing high reached on Jan. 3. If the benchmark index closes 20% or more below that record, it will confirm it has been in a bear market since then.Markets have been roiled in recent weeks by worries about persistently high inflation and aggressive attempts by the Federal Reserve to rein it in while the global economy copes with fallout from Russia's invasion of Ukraine.\"Today it would appear the market is less fearful over the inflation factor and the Fed being able to orchestrate a soft landing so to speak,\" said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.But \"the bias is still to the downside,\" Carlson added.The Dow Jones Industrial Average rose 618.34 points, or 1.98%, to 31,880.24, the S&P 500 gained 72.39 points, or 1.86%, to 3,973.75 and the Nasdaq Composite added 180.66 points, or 1.59%, to 11,535.28.The Fed will give investors a hint of its state of mind on Wednesday, when it releases minutes from its latest policy meeting.Economic indicators this week might lend further support to the notion that inflation peaked in March, and show whether high prices have hurt consumer spending power.All 11 major sectors of the S&P 500 ended the session green, with financials enjoying the largest percentage gain, advancing 3.2%First-quarter reporting season is nearly a wrap, with 474 of companies in the S&P 500 having posted results. Of those, 78% beat expectations, according to Refinitiv.Looking ahead, current quarter pre-announcements are generally pessimistic, with 59 negative projections and 32 positive, compared with the year-ago quarter's 37 negative and 52 positive, per Refinitiv.Shares of VMWare Inc surged 24.8% following reports over the weekend that chipmaker Broadcom Inc was in talks to acquire the cloud service provider. Broadcom dropped 3.1%.U.S.-listed shares of Chinese ride-hailing app Didi Global dropped 4.0% after shareholders voted in favor of de-listing from the New York Stock Exchange.Advancing issues outnumbered declining ones on the NYSE by a 2.43-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored advancers.The S&P 500 posted one new 52-week high and 31 new lows; the Nasdaq Composite recorded 27 new highs and 142 new lows.Volume on U.S. exchanges was 10.93 billion shares, compared with the 13.36 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":807,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":103075184,"commentId":"103075184","gmtCreate":1658800794008,"gmtModify":1675837602231,"authorId":4113904591642392,"author":{"id":4113904591642392,"idStr":"4113904591642392","authorId":4113904591642392,"name":"LMSunshine","avatar":"https://community-static.tradeup.com/news/0ad636f2490d8428fcee9da6d669e46c","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.11%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9026626540,"objectIdStr":"9026626540","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Are you new to Tiger? If yes,🥳welcome to the Tiger Community.I can’t follow more people as my app keeps crashing.If you follow me,I can check your homepage regularly &amp; help to like your post too!","text":"Are you new to Tiger? If yes,🥳welcome to the Tiger Community.I can’t follow more people as my app keeps crashing.If you follow me,I can check your homepage regularly &amp; help to like your post too!","html":"Are you new to Tiger? If yes,🥳welcome to the Tiger Community.I can’t follow more people as my app keeps crashing.If you follow me,I can check your homepage regularly &amp; help to like your post too!","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}