Dow, S&P 500 Edge Higher After Evergrande Payment Deadline Passes. The Dow and S&P 500 ticked up despite lingering uncertainty about the future of heavily indebted property giant China Evergrande. Pelosi Plans Votes on Biden's Spending Plans Next Week Despite Democratic Rifts.
* Facebook (FB), Tesla lift big gainers on S&P, Dow. * Nike (NKE) falls after cutting full-year sales estimate. * Crypto firms fall as China's crackdown deepens. * Indexes: Dow up 0.1%, S&P 500 up 0.2%, Nasdaq down 0.03% By Caroline Valetkevitch.
The Federal Reserve's signal that it will soon unwind its bond buying program is bolstering the case in financial markets for the so-called reflation trade, which lifted Treasury yields and boosted shares of banks, energy firms and other economically sensitive companies in the early months of 2021. The reflation trade stalled during the summer.
* MSCI world share index down after 3 days of gains. * U.S. Treasury yields hit highest in nearly three months. * Nike (NKE) shares drop after lower sales forecast. * Oil prices rise, Brent up to near three-year high. By Lewis Krauskopf and Tommy Wilkes.
The Federal Reserve's signal that it will soon unwind its bond buying program is bolstering the case in financial markets for the so-called reflation trade, which lifted Treasury yields and boosted shares of banks, energy firms and other economically sensitive companies in the early months of 2021. The reflation trade stalled during the summer.
* Nike (NKE) falls after cutting full-year sales estimate. * Facebook (FB), Tesla biggest gainers on S&P500. * Crypto firms fall as China's crackdown deepens. By Caroline Valetkevitch. NEW YORK, Sept 24 - The S&P 500 ended slightly higher on Friday after a volatile week as gains in growth names like Facebook (FB) offset a dive by Nike (NKE) after the athletic wear company delivered a downbeat sales forecast.
* Nike (NKE) slips after cutting full-year sales estimate. * Crypto firms fall as China's crackdown deepens. * Indexes down: Dow, S&P flat, Nasdaq down 0.2% By Caroline Valetkevitch. NEW YORK, Sept 24 - The Dow and S&P 500 were little changed in Friday afternoon trading following a two-day rally, with a downbeat sales forecast from Nike (NKE) offsetting gains in financial and energy shares.
* MSCI world share index down after 3 days of gains. * U.S. Treasury yields at highest in nearly three months. * Dollar index on track for 3rd week of gains. * Oil prices rise, Brent up to near three-year high. By Lewis Krauskopf and Tommy Wilkes.
* Nike (NKE) slips after cutting full-year sales estimate. * Crypto firms fall as China's crackdown deepens. * Indexes down: Dow 0.08%, S&P 0.06%, Nasdaq 0.40% By Devik Jain. Sept 24 - U.S. stock indexes fell on Friday following a two-day rally, weighed down by technology and healthcare shares, while a dour sales forecast from Nike (NKE) further dampened sentiment.
U.S. blank check firms eyeing cannabis companies are struggling to find suitable targets and many are merging into unrelated industries, as weak after market performance of recent Special Purpose Acquisition Corps listings dent confidence.
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