LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Global Markets: Bulls run on Wall Street after five straight losing sessions; Boeing's shares fall

The Dow Jones Industrial Average rose 200.64 points to 25,650.88, the S&P 500 gained 1.47  per cent  to 2,783.3 and the Nasdaq Composite added 2.02  per cent  to 7,558.06.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Global Markets: Bulls run on Wall Street after five straight losing sessions; Boeing's shares fall
Boeing's stock ended down 5.3 percent at $400.01, registering its biggest one-day percentage drop since October 29. Photo: Reuters
Written By: Reuters
Updated: Tue, Mar 12, 2019
08:30 am
New Delhi, Reuters
RELATED NEWS
Wall Street notches biggest weekly loss since March as COVID-19 cases spiral Wall Street notches biggest weekly loss since March as COVID-19 cases spiral
US equities post modest weekly gains amid stimulus uncertainty, economic data US equities post modest weekly gains amid stimulus uncertainty, economic data
Wall Street finishes up as stimulus talks continue; S&P 500, Nasdaq register biggest weekly gains since July Wall Street finishes up as stimulus talks continue; S&P 500, Nasdaq register biggest weekly gains since July
Wall Street loses ground as Trump's positive COVID-19 test adds to uncertainties Wall Street loses ground as Trump's positive COVID-19 test adds to uncertainties
Global Markets: Wall Street closes higher as tech rally squashes virus fears Global Markets: Wall Street closes higher as tech rally squashes virus fears

US stocks jumped on Monday as the technology sector led a broad-based rebound following five straight sessions of losses, but a fall in Boeing's shares limited the Dow`s advance after a deadly airline crash in Ethiopia. Boeing Co, the world's largest planemaker and best-performing Dow component this year by a wide margin, ended down 5.3 percent at $400.01, registering its biggest one-day percentage drop since Oct. 29, after many airlines grounded the company`s new 737 MAX 8 passenger jet following the second fatal crash involving the aircraft in just five months. 

The stock had its highest daily trading volume since July 2013 and ended well off its session low of $365.55, but it kept a lid on the Dow, which managed only about half the gains of the S&P 500. All the major S&P sectors rose, led by gains in the technology sector, which was up 2.2 percent. The industrial sector reversed early losses to end up 0.9 percent.

See Zee Business video below:

#FirstTrade की करें शुरुआत @AnilSinghviZEE और बिजनेस जगत की पहली #HiTechAnchor के साथ। https://t.co/hzuOp2J0mx

— Zee Business (@ZeeBusiness) March 12, 2019

"After the weakness in the markets last week, things have gotten a little bit oversold," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.

"It was incredibly impressive when you look at what we`re doing today, even with the move in Boeing," he said, adding that tech`s rally is "a sign of overall enthusiasm for equities and the continued bullish tone we`ve been in since the beginning of the year, last week notwithstanding." 

The Dow Jones Industrial Average rose 200.64 points, or 0.79 percent, to 25,650.88, the S&P 500 gained 40.23 points, or 1.47 percent, to 2,783.3 and the Nasdaq Composite added 149.92 points, or 2.02 percent, to 7,558.06.

The S&P 500 last week registered its biggest decline since the end of 2018 after tepid job and other economic data, but the index is up about 11 percent for the year so far.

Apple Inc rose 3.5 percent after Bank of America Merrill Lynch upgraded the iPhone maker`s shares to "buy." Also, Apple invited media to a March 25 event at the Steve Jobs Theater on its campus in Cupertino, California.
 
Sources previously told Reuters that Apple is targeting April for the launch of a streaming television service that will likely include subscription TV service.

Chipmaker Nvidia Corp jumped after entering a $6.8 billion deal to buy Mellanox Technologies Ltd. The Israeli chip designer also rose.

In Washington, President Donald Trump told Congress to slash funding for foreign aid and the State Department and increase spending for the military and the wall he wants to build on the U.S.-Mexico border in his 2020 budget, the opening move in his next funding fight with Congress.

Defence companies General Dynamics Corp, United Technologies Corp and Textron Inc rose on the news.

Advancing issues outnumbered declining ones on the NYSE by a 3.69-to-1 ratio; on Nasdaq, a 3.31-to-1 ratio favoured advancers.

The S&P 500 posted 31 new 52-week highs and two new lows; the Nasdaq Composite recorded 57 new highs and 34 new lows.

About 7.1 billion shares changed hands on U.S. exchanges. That compares with the 7.4 billion-share daily average for the past 20 trading days.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Wall StreetDow JonesNasdaqMarkets
RELATED NEWS
Wall Street notches biggest weekly loss since March as COVID-19 cases spiral Wall Street notches biggest weekly loss since March as COVID-19 cases spiral
US equities post modest weekly gains amid stimulus uncertainty, economic data US equities post modest weekly gains amid stimulus uncertainty, economic data
Wall Street finishes up as stimulus talks continue; S&P 500, Nasdaq register biggest weekly gains since July Wall Street finishes up as stimulus talks continue; S&P 500, Nasdaq register biggest weekly gains since July
Wall Street loses ground as Trump's positive COVID-19 test adds to uncertainties Wall Street loses ground as Trump's positive COVID-19 test adds to uncertainties
Global Markets: Wall Street closes higher as tech rally squashes virus fears Global Markets: Wall Street closes higher as tech rally squashes virus fears

LATEST NEWS

LIVE: IIT JEE Mains 2021 Result February - Date, time, declaration on NTA website direct link jeemain.nta.nic.in, download answer key, score checking and more

Super hi-tech driverless pod taxis for Noida Aiport! Check Yogi Adityanath government's big plans for Jewar

ITC Share Price: Experts give 'share to buy' tag; predicts up to 25% profit in three months

Stock Market Outlook: Anil Singhvi reveals Nifty, Bank Nifty support range, says investors should trade keeping volatility in mind

Mumbai-Ahmedabad Bullet Train: Tech bids open for bridge project - Check latest news development

REVEALED! What gave a massive 400% jump to FDI in computer software, hardware during Apr-Dec 2020

Gold Price Outlook: Yellow metal falls by over Rs 11,500 in last six months; may crash much more

COVID-19: India records 18,711 new cases

Delhi to have its own school education board; Arvind Kejriwal says focus will be on providing jobs, proposes this unique exam pattern

Twitter CEO and billionaire Jack Dorsey puts his 1st tweet on sale, bid reaches Rs 2 cr

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved