Stock futures point to rebound from Monday’s slide, tech stocks bounce

Stock futures point to rebound from Monday’s slide, tech stocks bounce

October 6, 2021 Erasmo Pepper 0

The major averages rebounded on Tuesday following a technology-centered market rout in the previous session.The Dow Jones Industrial Average gained 311.75 points, or 0.92%, to 34,314.67. The S&P 500 rose 1.05% to 4,345.72 and the Nasdaq Composite rallied 1.25% to 14,433.83. All three of the major averages are still down for the week after closing…

Hong Kong’s Hang Seng index drops 2% amid Evergrande trading halt

Hong Kong’s Hang Seng index drops 2% amid Evergrande trading halt

October 5, 2021 Clora Center 0

SINGAPORE — Asian markets were mixed in Monday trade, with the Hang Seng index in Hong Kong tumbling more than 2% following its return from a Friday holiday.The Hang Seng index fell 2.19% to 24,036.37, by the market close in Hong Kong.Trading in shares of China Evergrande was halted, as investor concern surrounding the indebted…

Stock futures fall heading into first full week of trading in October

Stock futures fall heading into first full week of trading in October

October 5, 2021 Randy Ramage 0

The major averages took steep losses to start the week as investors continued their rotation out of technology stocks amid rising bond yields.The Dow Jones Industrial Average fell 323.54 points to 34,002.92, despite large gains in Merck. The S&P 500 shed 1.3% to 4,300.46. The technology-focused Nasdaq Composite was the relative underperformer, dipping 2.1% to…