Live Markets: Nasdaq leads Wall Street gains with tech in charge

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14/10/2024 15:19

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      Nasdaq up ~1%, S&P adds ~0.6%, Dow edges red
    

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      Tech leads S&P 500 sector gainers; Energy off most
    

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      Euro STOXX 600 index up ~0.4%
    

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      Dollar up; bitcoin up >4%; gold slips; crude down >1
    

  
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    NASDAQ LEADS WALL STREET GAINS WITH TECH IN CHARGE
    Wall Street indexes started the week as a mixed bag with
Nasdaq  .IXIC  up about 1%, outpacing the S&P 500  .SPX  and the
Dow  .DJI  on the red side of flat.    
    The bond market is closed for Indigenous Peoples Day, and no
economic data releases are in the cards for the day so its
likely some traders and investors have taken the day off. 
    They may need the rest ahead of a busy week with earnings
due from financial companies including Goldman Sachs  GS.N , 
Citigroup  C.N , Bank of America  BAC.N  and Discover Financial
 DS.N  and consumer names such as Walgreens Boots Alliance
 WBA.O , Procter & Gamble  PG.N  and Albertsons  ACI.N .
    And speaking of consumers, one hotly anticipated data
release due this week is retail sales, due on Thursday. 
    Still, on Monday, the S&P 500 technology sector  .SPLRCT  is
the perkiest of the benchmark's 11 major sectors with a gain of
1.4% with a lot of help from chip stocks as the Philadelphia
semiconductor index  .SOX  is up 1.5%. In second place among the
major sectors is communication services  .SPLRCL , up ~1%, as
Alphabet  GOOGL.O  and Meta  META.O  busted out some moves. 
    Among the laggards, energy  .SPNY  and materials  .SPLRCM 
are the weakest groups. 
    Here is your early snapshot from 10:06 a.m ET/ 1406 GMT:
     
    
    
    (Sinéad Carew)
     ***** 
        
    
    FOR MONDAY'S EARLIER LIVE MARKETS POSTS:
    
    WILL THIS ECHO FROM THE PAST HAUNT THE S&P 500? - CLICK HERE
    
    FIVE REASONS TO STILL WORRY ABOUT INFLATION - CLICK HERE
    
    UK DOMESTIC BANKS ATTRACTIVE DESPITE BUDGET UNCERTAINTY -
UBS - CLICK HERE
    
    CHINA’S STIMULUS: HOW MANY TRILLIONS FOR AN EQUITY BOOST? -
CLICK HERE
    
    EUROPEAN SHARES MOSTLY HIGHER, UK GAMBLING NAMES TUMBLE -
CLICK HERE
    
    EUROPEAN STOCK FUTURES STRUGGLE FOR DIRECTION - CLICK HERE
    
    CHINA STIMULUS GETS MIXED REVIEWS - CLICK HERE



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