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Tech shares drive Wall Street higher

Video Credit: Reuters Studio - Duration: 01:14s - Published
Tech shares drive Wall Street higher

Tech shares drive Wall Street higher

U.S stocks rose Wednesday and the Nasdaq hit a record closing high, supported by tech shares as early signs of an economic rebound offset concern about rising coronavirus cases across the country.

Fred Katayama reports.

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Business Insider reports that banks' and tech giants' earnings largely impressed Wall Street. Bank of America says discount stores are set to post similarly positive results, according to Bank of America. BoA analysts expect the sector's second-quarter figures to hold strong thanks to rising food sales and improvement in general merchandise revenue. Thanks to momentum in higher-profit categories and successful online operations Walmart, Target, and Dollar Tree are in good positions.

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Wall Street analysts on Wednesday weighed in on AMC Theatres' historic agreement with Universal Pictures that will allow the studio's movies to be made available on premium video-on-demand after just 17 days of play in cinemas.

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Credit: Wochit News    Duration: 00:29Published

Nasdaq American stock exchange

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Dow, S&P rise; value outperforms [Video]

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The Dow jumped 1%, the S&P 500 inched up and the Nasdaq closed lower Monday as investors extended a rotation into value stocks from heavyweight tech-related names while awaiting news on progress in a U.S. fiscal support bill. Fred Katayama reports.

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Nasdaq surges on megacap earnings [Video]

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The Nasdaq jumped more than 1% on Friday, powered by strong earnings from some of the largest U.S. companies, but the Dow and S&P finished with smaller gains as uncertainty about the government's next round of coronavirus aid kept economic worries on the radar. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:27Published
Record high for Nasdaq; vaccine hopes fuel binge [Video]

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Stocks rallied on Monday with the tech-heavy Nasdaq leading the pack as stay-at-home tech stocks and biotech companies working on COVID-19 vaccines powered ahead. Conway G. Gittens has the details.

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The S&P 500 and the Nasdaq finished slightly higher on Friday but the Dow closed with a loss as investors kept an eye on record new coronavirus cases in the U.S. Conway G. Gittens wraps up the trading action.

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Fred Katayama journalist

Markets betting on Biden-Harris win: advisor [Video]

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Gerber Kawasaki's Ross Gerber says Joe Biden's pick of Kamala Harris as his running mate fueled Wednesday's broad rally. He tells Reuters' Fred Katayama that cannabis stocks would benefit from a Biden administration, and he comments on Tesla's stock split move.

Credit: Reuters Studio    Duration: 04:43Published
Moderna shares jump on U.S. vaccine deal [Video]

Moderna shares jump on U.S. vaccine deal

Shares of Moderna jumped before paring their gains Wednesday after analysts said a $1.5 billion coronavirus vaccine supply agreement with the U.S. government could lead to similar deals with other countries. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:09Published

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