|Day's range||25,866.58 - 26,174.93|
|52-week range||18,213.65 - 29,568.57|
Stock futures were little changed Tuesday evening, struggling for direction after equities sputtered into the close earlier in the day.
The Organisation for Economic Co-operation and Development is calling on countries to extend unemployment benefits in the face of a jobs crisis "far worse" than 2008.
Asian stocks dithered on Wednesday as an increase in new coronavirus cases in some parts of the world cast doubts over the economic recovery while oil prices eased on oversupply fears. MSCI's broadest index of Asia-Pacific shares outside Japan were a tad lower after hitting a 4-1/2 month high just on Tuesday. Australian shares were down 0.4% as were indexes for New Zealand and South Korea.
Asian stocks dithered on Wednesday as an increase in coronavirus cases in some parts of the world undermined prospects for a quick economic recovery while oil prices eased on oversupply fears. MSCI's broadest index of Asia-Pacific shares outside Japan inched up but was still lower than a 4-1/2-month high reached just on Tuesday. Australian shares ended 1.5% lower on renewed fears about the coronavirus pandemic after a rise in cases in the country's second biggest city.
Wall Street stocks tumbled Tuesday, with the Nasdaq pulling back from a record as the equity rally paused amid surging US coronavirus cases. All three major indices finished solidly lower, with the tech-rich ...
Analysts are optimistic about Apple's post-pandemic performance, and Microsoft is reportedly interested in shelling out $4 billion to expand its gaming business.
Wall Street stocks were mostly down early Tuesday, giving back some of the recent gains in a market that has appeared resilient despite surging US coronavirus cases. The broad-based S&P 500 shed 0.3 percent to 3,171.12, while the tech-rich Nasdaq Composite Index added 0.2 percent at 10,451.18. Major US indices gained more than 1.5 percent on Monday, with the Nasdaq finishing at a fresh record, betting that continued stimulus from Washington and the trend of the reopening economy would more than offset rising COVID-19 counts in Texas, Florida and other US states.
The Nasdaq, on the other hand, claimed another record high, boosted by shares of technology heavyweights Microsoft Corp <MSFT.O> and Apple Inc <AAPL.O>. The Dow Industrials <.DJI> dropped 0.8%, weighed down by cyclical stocks including Goldman Sachs <GS.N> and Boeing Co <BA.N>. Large parts of the country reported tens of thousands of new coronavirus infections.
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Investor caution over renewed coronavirus-related lockdowns buoyed the dollar and snapped a five-day rally in most world equity markets on Tuesday, but was not enough to halt a hot streak in Chinese stocks. The dollar edged higher as risk currencies such as the Australian dollar took a breather from recent gains and gold dipped as investors booked profits after bullion rallied to a near eight-year peak, trading around $1,780 an ounce. Bourses in London, Paris and Frankfurt fell about 1% for most of the session before paring some losses, while losses were greater on Wall Street even as the Nasdaq posted a fresh intraday high before closing down.
The U.S. stock market came out of the holiday weekend with just as much upward momentum as it had last week. All three major market benchmarks gained ground, with the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite picking up 1.5% to more than 2% on the day. Today, however, some news from China caused more bullish sentiment to appear across the globe, and even Wall Street benefited from some of the optimism that market participants felt as a result.
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Asian stocks were set for a mixed open on Wednesday, as an increase in new coronavirus cases in some parts of the world cast doubts over the economic recovery, leading some investors to cash in on recent gains ahead of earnings season. Australian S&P/ASX 200 futures <YAPcm1> lost 0.50% in early trading, while Japan's Nikkei 225 futures <NKc1> added 0.11%, and Hong Kong's Hang Seng index futures <.HSI> <HSIc1> rose 0.39%. The United States reported tens of thousands of new coronavirus infections, prompting New York to expand its travel quarantine for visitors from three more states, while Florida's greater Miami area rolled back its reopening.