Stock Market
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.66%
The best performers of the session on the Tadawul All Share were Miahona Holding SCJSC (TADAWUL:2084), which rose 10.00% or 1.88 points to trade at 20.68 at the close. Meanwhile, Fawaz Abdulaziz AlHokair Company (TADAWUL:4240) added 9.35% or 0.76 points to end at 8.89 and Saudi Chemical Company (TADAWUL:2230) was up 8.63% or 0.88 points to 11.08 in late…
BofA: Bank stocks should remain well bid into US elections
Analysts analyzed performance over the past eight election cycles (since 1992) and found that bank stocks rose in six out of eight instances leading up to the elections (starting from the end of May), averaging a gain of 2.9% and outperforming the S&P 500 by 2.6 percentage points.
Yext shares jump 10% on reports of a potential sale
Yext, which specializes in software that enhances the visibility of businesses in online search directories and websites, focuses on improving its clients’ presence on platforms and apps like Amazon Alexa, Google Maps, and Apple’s Siri.
India stocks higher at close of trade; Nifty 50 up 0.89%
The best performers of the session on the Nifty 50 were Tech Mahindra Ltd (NS:TEML), which rose 4.43% or 56.10 points to trade at 1,323.00 at the close. Meanwhile, HCL Technologies Ltd (NS:HCLT) added 4.00% or 53.80 points to end at 1,397.50 and SBI Life Insurance Company Ltd (NS:SBIL) was up 3.79% or 52.75 points to 1,442.85 in late trade.
India shares dive as polls show Modi’s mandate slipping
Indian stocks tanked the most in over four years on Tuesday, as vote counting suggested Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP)-led alliance is unlikely to win an overwhelming majority as predicted by exit polls.
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.65%
The best performers of the session on the Tadawul All Share were The Mediterranean&Gulf Insurance Co (TADAWUL:8030), which rose 7.66% or 2.10 points to trade at 29.50 at the close. Meanwhile, Al Masane Al Kobra Mining Company CJSC (TADAWUL:1322) added 5.37% or 3.20 points to end at 62.80 and Alkhorayef Water and Power Technologies Co (TADAWUL:2081) was up 4.55%…
US stocks fall sharply on inflation concerns; Fed speakers, Salesforce in focus
Broader U.S. stocks were largely subdued in anticipation of key inflation data this week. PCE price index data, which is the Federal Reserve’s preferred inflation gauge, is due this Friday, and is likely to factor into the central bank’s outlook on interest rates.
Meme stock GameStop climbs after raising $933 million in share sales
The company’s shares surged nearly six times their value in the first two weeks of May, partly fueled by the re-emergence of “Roaring Kitty” Keith Gill, a key figure in the 2021 retail trading frenzy. The stock has since lost 70% of its value up to Friday’s close, taking GameStop (NYSE:GME)’s market value to $5.82…
Germany stocks higher at close of trade; DAX up 0.37%
The best performers of the session on the DAX were Porsche Automobil Holding SE (ETR:PSHG_p), which rose 2.78% or 1.35 points to trade at 49.92 at the close. Meanwhile, RWE AG ST O.N. (ETR:RWEG) added 2.55% or 0.87 points to end at 35.02 and Bayer AG NA (ETR:BAYGN) was up 2.32% or 0.64 points to 28.27 in late trade.
Japan stocks lower at close of trade; Nikkei 225 down 1.27%
The best performers of the session on the Nikkei 225 were Fujikura Ltd. (TYO:5803), which rose 4.88% or 149.00 points to trade at 3,205.00 at the close. Meanwhile, Shiseido Co., Ltd. (TYO:4911) added 4.22% or 203.00 points to end at 5,018.00 and DIC Corp (TYO:4631) was up 3.82% or 121.00 points to 3,292.00 in late trade.