Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 1, 2018. REUTERS/Brendan McDermid The Nasdaq opened lower on Monday, dragged down by a more than 2 percent fall in Apple Inc shares, while a jump in energy stocks supported the S&P 500 and the Dow Jones industrial index. The Dow Jones Industrial Average .DJI fell 9.36 points, or 0.04 percent, at the open to 25,261.47. The S&P 500 .SPX opened higher by 3.31 points, or 0.12 percent, at 2,726.37. The Nasdaq Composite .IXIC dropped 12.91 points, or 0.18 percent, to 7,344.08 at the opening bell. Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D'Silva … [Read more...] about Apple drags down Nasdaq at open; S&P, Dow rise
Nasdaq
S&P, Dow open higher on trade optimism; Apple hits Nasdaq
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 1, 2018. REUTERS/Brendan McDermid (Reuters) - The benchmark S&P 500 and the Dow Jones Industrial Average rose at open on Friday, on hopes the United States and China would begin efforts to resolve their trade dispute, but a fall in Apple Inc shares pressured the Nasdaq. The Dow Jones Industrial Average .DJI rose 62.86 points, or 0.25 percent, at the open to 25,443.60. The S&P 500 .SPX opened higher by 5.08 points, or 0.19 percent, at 2,745.45. The Nasdaq Composite .IXIC dropped 10.04 points, or 0.14 percent, to 7,424.02 at the opening bell. Reporting by Shreyashi Sanyal in Bengaluru … [Read more...] about S&P, Dow open higher on trade optimism; Apple hits Nasdaq
Morgan Stanley Hails Crypto Assets, Nasdaq Declares Its Compliance Credentials
Nov 02, 5:56 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Ranjitha Shastry 11/02/18 AT 5:55 AM Various traditional banking and financial companies are exploring ways to get on board the blockchain and cryptocurrency space. Two such being Nasdaq and multinational investment bank Morgan Stanley. While Nasdaq wants to curb the manipulation and scams that have plagued cryptocurrency space, Morgan Stanley is positively researching the implications and future of bitcoin. The second-largest stock exchange in the world by market capitalization, Nasdaq, said in a paper released Thursday it has spent decades in developing mechanisms to supervise securities, currencies and other markets and it intends to integrate the same with digital currencies to stop manipulation and other scams in the space. “Regulators, brokers and exchanges have surveillance teams that monitor activity constantly and advanced … [Read more...] about Morgan Stanley Hails Crypto Assets, Nasdaq Declares Its Compliance Credentials
S&P 500 rebounds, helped by financials; Nasdaq in check
(Reuters) - The S&P 500 and the Dow industrials rebounded on Monday, helped by gains in lagging financial shares, but declines for big tech and Internet stocks kept the Nasdaq in check as investors grappled with a recent spike in market volatility. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 29, 2018. REUTERS/Brendan McDermid The healthcare .SPXHC and consumer staples .SPLRCS sectors also supported the S&P 500. Shares of software maker Red Hat Inc (RHT.N) gave among the biggest boosts to the benchmark index, surging 42.6 percent after the company agreed to be bought by IBM Corp (IBM.N) for $34 billion. IBM shares fell 2.4 percent. Still, stocks had come off their session highs, with some of the major growth stocks, such as Amazon (AMZN.O), Google parent Alphabet (GOOGL.O) and Netflix (NFLX.O), declining. Investors are wary of any rally given increased volatility over the past month, stemming from higher interest rates … [Read more...] about S&P 500 rebounds, helped by financials; Nasdaq in check
Nasdaq Gets Patent For Newswire Service Built On Blockchain
Oct 25, 7:19 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Ranjitha Shastry 10/25/18 AT 6:48 AM Nasdaq, the second-largest stock exchange in the world by total capitalization, obtained a patent Tuesday that will permit it to use a blockchain-based wire service to release time-sensitive information. Nasdaq can now create a blockchain platform — which will integrate smart contracts — that will include encryption and workflow system and would also keep a schedule and record activity while securing information.The patent, published by the U.S. Patent and Trademark Office, describes how various services — wires, newswires, press releases, and other forms of digital distribution — deliver their information at pre-set times to outlets using web interfaces for storing and receiving data. Further the patent explained that the technology is evolving, so is the increasing number … [Read more...] about Nasdaq Gets Patent For Newswire Service Built On Blockchain