Sectors News Results

  • Dow Heads for Second Week of Gains, Tech Stocks Edge Up Again

    By Jem Bartholomew and Alexander Osipovich. The Dow Jones Industrial Average rose on Friday, on track for its second straight week of gains, as optimism over a Covid-19 vaccine led investors to pile into previously underperforming sectors like energy and banks. In a striking reversal, investors have pulled away from the highflying technology stocks that had powered the market higher since March, and shifted into economically sensitive stocks seen as likely to benefit from a...

  • Bosch, BASF Create Joint Venture for Digital Products in Agriculture Industry

    Chemical company BASF SE (BFFAF) and engineering group Robert Bosch GmbH are setting up a joint venture to further develop digital technologies for the agricultural sector, the companies said Thursday. "Thanks to connecting agricultural machinery using high-tech sensors, intelligent software and digital products, we can make tomorrow's agriculture more efficient and at the same time more environmentally friendly," said Bosch's Andrew Allen, who is responsible for the company's...

  • U.S. Stocks Rise, Led by Tech Sector

    Technology shares lifted major indexes Wednesday, retaking the lead from the cyclical shares that had rallied in recent days on promising vaccine news. The S&P 500 rose 0.8%, led by its information-technology sector. The tech-heavy Nasdaq Composite climbed 1.9%, a reversal after two days in the red, with the help of heavily weighted big tech stocks.

  • U.S. Stocks Rise, Led by Tech Sector

    Technology shares lifted major indexes Wednesday after lagging earlier this week as promising vaccine news sent U.S. stocks rallying. The S&P 500 rose 0.8%, led by its information-technology sector. The tech-heavy Nasdaq Composite climbed 1.7%, a reversal after two days in the red, with the help of heavily-weighted big tech stocks.

  • Germany's Chemical Industry Improved in 3Q But Difficulties Remain

    German chemical industry group VCI said Wednesday that industry conditions improved in the third quarter after setbacks caused by the coronavirus pandemic, but it still expects declines in the full year compared with 2019.. Industry sales and producer prices rose in the period, but all indicators remained significantly lower than in the previous year, VCI said. Sales were up 2.8% to 43.8 billion euros compared with the second quarter, with domestic sales alone up 3.5%.

  • U.S. Stocks Rise, Led by Tech Sector

    Technology shares lifted major indexes Wednesday after lagging earlier this week as promising vaccine news sent U.S. stocks rallying. The S&P 500 rose 0.4%, led by its information-technology sector. The tech-heavy Nasdaq Composite climbed 1.4%, a reversal after two days in the red, with the help of heavily-weighted big tech stocks.

  • Brazil Retail Sales Rose in September as Social-Distancing Restrictions Eased

    SÃO PAULO--Brazil retail sales rose in September as more quarantine restrictions were eased by many local authorities and the country's poorest consumers continued to receive government aid payments. Sales increased a seasonally adjusted 0.6% in the month, the fifth consecutive increase, and rose 7.3% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE said Wednesday. In August sales climbed a revised 3.1% in the month and rose a revised 6.2%...

  • Conference Board's Employment Trends Index Increased in October

    An index measuring employment trends in the U.S. rose in October for the sixth consecutive month, but job creation pace is slowing, data from the Conference Board showed Monday. The Conference Board Employment Trends Index stood at 97.57 in October, compared with an upwardly revised 96.33 for September. This month's release incorporated a comprehensive benchmark revision, including a methodological change that has revised the whole historical series.

  • Global Markets Join Election Rally as Tech Stocks Gain

    International markets advanced, tracking a U.S. rally, as investors positioned for a potentially divided U.S. government, with a Democratic president and a Republican Senate. U.S. stock futures rose nearly 1%, suggesting American markets could gain later on Thursday, after a session in which the broad S&P 500 index logged its biggest one-day point and percentage increase since June. Likewise, government bonds continued to rally, pushing yields on the 10- year Treasury down 0.032...

  • US Service Sector Activity Slips in October -- ISM

    U.S. services sector activity expanded for a fifth straight month in October, but the pace of growth eased compared with that of September, suggesting increasing weakness amid rising Covid-19 infection numbers. The ISM Services Report on Business PMI for October fell to 56.6 from the September reading of 57.8. Economists polled by The Wall Street Journal expected the services PMI to be at 57.5.

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