US Stock Market Today: S&P 500 Reclaims 6,000 Points; Dow Jones, Nasdaq Jump 1%
US stocks soared on Friday after the latest labour data came in better than expected, easing concern of an imminent slowdown in the world’s largest economy.
The 30-stock Dow Jones Industrial Average jumped nearly 500 points or 1.2% to 42,813 after the opening bell. The tech-heavy Nasdaq Composite rallied 1.2%.
» Read more about: US Stock Market Today: S&P 500 Reclaims 6,000 Points; Dow Jones, Nasdaq Jump 1% »
Read MoreUS Payrolls and Tesla help S&P 500 get back above 6,000
- US Payrolls help ease fears about a US recession.
- Labour market 8is softening, but not falling off a cliff.
- US rate cut expectations get scaled back.
- Will Trump and Musk kiss and make up?
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Read MoreS&P 500 reaches 6,000 for first time since February on NFP print
- S&P 500 reaches 6,000 for the first time in 15 weeks.
- May NFP shows job gains at 139K, above the 130K consensus.
- AVGO, DOCU stocks shed weight on earnings guidance.
- Musk and Trump patch up their differences from Thursday’s war of words.
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Specialised investment funds: How will they differ from mutual funds and PMS
Two major asset management companies—Mirae Asset and Edelweiss AMC—have launched new brands to offer Specialised Investment Funds (SIFs). Mirae’s “Platinum SIF” and Edelweiss’ “Altiva” aim to provide investors with sharper, theme-based portfolios.
The new product class follows SEBI’s regulatory push for more flexible structures between mutual funds (MFs) and portfolio management services (PMS).
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Read MoreThe Burst
Time to Buy or Short This Meme Stock?
History may not repeat but it sure does rhyme and right now there are echoes of pandemic era euphoria. Roaring Kitty’s first tweet in 3 years led to Gamestop share price soaring. And now the public is giddy to know where the trader who turned tens of thousands into tens of millions is turning his attention next.
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Read MoreThe Ivy
100 Worst Performing Stocks, But 1 Is a Buy?
In a list of the worst performing NASDAQ 100 stocks this year, Intel ranks about as poorly as any. Even after its monumental selloff, analysts only see upside to $26 per share.
But there is another stock on the list that may be a bit more interesting for bulls. If our analysis is right,
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Read MoreThe Spotlight
Market Commentary: Forget Apple, Uncle Sam Pays More
Apple made a splash recently with its announcement that iPhone users who have an Apple Card are now eligible to earn up to 4.15% annually. The announcement came as a shot across the bow to the already fragile banking industry. After all, who is more trusted than Apple with its fortress balance sheet to hold your money in a safe place?
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