Tencent music stock

Representative Image (Reuters) Growth stocks led a rebound in Wall Street's main indexes on Friday at the end of a week marred by worries about the worsening outlook for economic growth, while Twitter sank after Elon Musk put his deal for the social media company on hold . All the 11 major S&P sectors advanced in early trading, with technology stocks rising 2.7% and 3.3%, respectively. Growth stocks such as Apple Inc, Google-owner Alphabet Inc, Amazon.com and Nvidia Corp gained between 2.2% and 6.5% after falling for most of the week. Wall Street has gyrated wildly this week on fears that the Ukraine war, surging inflation, COVID-19 lockdowns in China and hawkish Federal Reserve policy moves could spark a global economic slowdown. Fed Chair Jerome Powell repeated on Thursday his expectation that the central bank will raise interest rates by half a percentage point at each of its next two policy meetings while pledging "we're prepared to do more" if data turns … [Read more...] about Wall Street rallies as growth stocks rebound, Twitter slides

Share to Twitter Share to Linkedin Topline Markets surged Friday, paring back some of the heavy losses in recent days as investors helped the benchmark S&P 500 stay clear of bear market territory, though stocks are still on track for their sixth consecutive week of losses amid the brutal selloff this year. Key Facts Stocks widely rebounded, paring back some of the heavy losses from earlier in the week: The Dow Jones Industrial Average rose 1.5%, nearly 500 points, while the S&P 500 jumped 2.4% and the tech-heavy Nasdaq Composite 3.8%. Consumer, technology and energy stocks led the broad market rally on Friday, with all 11 sectors in the S&P 500 moving higher despite the index hitting a new low point for 2022 a day earlier. Barring the “epic rally on the final trading day of the week, both the S&P 500 and Nasdaq will put in their sixth straight week of losses today,” one of the longest weekly losing streaks since at least … [Read more...] about Stocks Rebound, Taking A Breather From Selloff—But Markets Are Down For The Sixth Week In A Row

The downward trend continued on Dalal Street for the fourth consecutive session on May 11. More than 260 stocks on the BSE hit 52-week low and the number of stocks at lower circuit were significantly higher than the stocks that hit upper circuit. Endless Ukraine-Russia war igniting inflation concerns and growth worries, faster policy tightening approach adopted by several central banks, including Federal Reserve, the beginning of rate hike cycle in India, consistent FII selling, rupee depreciation, and inflation concerns visible in corporate earnings are some of the reasons for the nervousness among the investors. The BSE Sensex fell below 54,000-mark in the morning but later pared losses to trade 276 points lower at 54,088. Meanwhile, the Nifty50 briefly traded below the psychological 16,000-mark but recouped some of losses to trade at 16,167, down 73 points. The benchmark indices have now fallen more than 10 percent each from the closing high of April 4. Meanwhile, the BSE … [Read more...] about More than 260 stocks hit 52-week low, 450 stocks hit lower circuit today

Representative image Another stormy week has left investors groping when it comes to the direction of stocks and bonds. Expecting to be led out of the darkness by Wall Street’s best and brightest may be asking too much, given their performance so far this year. As usually happens in twisting markets, it is proving a brutal year to forecast for the securities industry. Back in January, stock strategists known for their enduring optimism expected the S&P 500 to add 5% in 2022. Down 2.4% for a sixth straight weekly decline, the index plunged as much as 19.5% on Thursday from its record. Bond strategists weren’t any more prescient. Interest rate strategists and economists were calling for 10-year Treasury rates to rise to 2% by June. Yields took out that level in early February and have touched 3.2% this month. ALSO READ: World equities rise on bounce in United States, European markets Turns are hard to capture -- that’s nothing new. This year, a collective inability … [Read more...] about Crazy markets are shredding Wall Street stock and bond forecasts

Members of the band “Kalush Orchestra” pose onstage with the winner’s trophy and Ukraine’s flags after winning on behalf of Ukraine the Eurovision Song contest 2022 on May 14, 2022 at the Pala Alpitour venue in Turin. Image: AFP/Marco Bertorello Ukraine won the Eurovision Song Contest Sunday with an infectious hip-hop folk melody, as the embattled nation rides a wave of public support across Europe. Kalush Orchestra beat out 24 competitors in the finale of the world’s biggest live music event with “Stefania,” a rap lullaby combining Ukrainian folk and modern hip-hop rhythms from an energetic, breakdancing band. “Please help Ukraine and Mariupol! Help Azоvstal right now,” frontman Oleh Psiuk said in English from the stage, referring to the port city’s underground steelworks where Ukrainian soldiers are surrounded by Russian forces. Following the win, Psiuk — whose bubblegum pink bucket hat has made him instantly recognizable — thanked everyone who voted for his country in the … [Read more...] about Folk rappers from Ukraine win Eurovision in musical morale boost

Share to Twitter Share to Linkedin With the market for technology stocks having just undergone one of its most rapid corrections in history – with the tech-dominant Nasdaq 100 Index falling almost 30% in just a few months – it’s time to take a close look at the valuations of companies producing leading cloud technology. Cloud technology stocks have been the epicenter of a ten-year bull market backed by massive amounts of money, as the entire global technology infrastructure has shifted to the cloud model for delivering information technology (IT) services. This is not a subtle move — it’s the biggest technology transformation in history. The gains and stock action have been uneven. Large blue-chip technology companies like Amazon, Microsoft, and Google have led the market with surging profits, rapid growth, and understandable valuations. They have gigantic amounts of cash on their balance sheets. Some traditional technology conglomerates, like HPE and IBM, … [Read more...] about Opportunity Knocks: Deep Dive On Cloud Stock Valuations (Part 1)

Singer and rapper Pharrell Williams listens to music in this undated shortlisted photograph for the Abbey Road Music Photography Awards, taken by Aysia Marotta, in this handout image obtained by Reuters on May 12, 2022. Image: courtesy of Abbey Road Studios/Aysia Marotta via Reuters LONDON — London’s Abbey Road Studios hosts its inaugural music photography awards this weekend, shining the spotlight on a category it says deserves recognition. From live snaps to intimate portraits, the May 14 awards, described as the first to celebrate the art of music photography, will honor both emerging and established photographers. All taken last year, the shortlisted pictures include shots of singers Billie Eilish and Arlo Parks, musician David Mrakpor as well as revelers at live events. Revelers take part in a gig in this undated shortlisted photograph for the Abbey Road Music Photography Awards, taken by Chris Suspect, in this handout image obtained by Reuters on May 12, 2022. Image: … [Read more...] about Abbey Road Studios recognizes music photography with inaugural awards

- A + A (May 14): Chinese stocks saw a reversal of fortune this week versus global peers as investors tiptoed back into the market, betting an expected lift of Shanghai lockdowns would spur a rally. China’s benchmark CSI 300 Index rose 2% this week, standing out within a global sea of red. It’s also outperformed major peers for the month so far. Driving the turn in sentiment has been China’s stabilising Covid-19 outbreak, which helped soothe worries that movement restrictions may intensify. While the outlook remains highly uncertain, with China’s zero-Covid stance set to keep pressuring growth and the global economy looking fragile, stimulus promises from Beijing and cheap valuations are making more traders willing to take risks. “We don’t get so greedy as to try to time the market for the rock bottom,” said Yang Wei, a fund manager at Longwin Investment Management Co. “Valuations of some are now attractive enough to take the chance,” added Yang, who’s been … [Read more...] about Chinese stocks stand out as rare winners in global equity rout

- A + A (May 14): An investment firm for the Walton family ramped up its position in a US municipal bond fund and added a sizeable stake in Japanese equities, while also betting on small-cap stocks and Coinbase Global Inc before tumultuous declines. WIT LLC, an acronym for the Walton Investment Team, invests mostly in low-cost exchange-traded funds (ETFs). It held about US$5.1 billion (about RM22.43 billion) in US stocks and ETFs at the end of last quarter, a filing with the US Securities and Exchange Commission (SEC) showed on Friday (May 13). The firm, which oversees money for the world’s wealthiest family, added 3.9 million shares in the iShares MSCI Japan ETF worth about US$239.3 million, its biggest new stake and its fifth-largest overall. WIT also bought about US$150 million in small-cap stocks through new positions in Vanguard and iShares index funds. The largest holding is the Vanguard FTSE Emerging Markets ETF, which was worth US$1.6 billion at the end of … [Read more...] about World’s richest family betting on munis, Japanese stocks, Coinbase

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Rohan Patil, Technical Analyst at Bonanza Portfolio The Nifty50 on May 11 witnessed a marginally gap-up opening but couldn't hold on to its early morning gains and started to drift lower as the day progressed. Prices made an intraday low at 15,992.60 levels and then witnessed a sharp 150 points recovery in the second half of the trading session. The benchmark index is trading within the falling channel pattern and prices on May 11 have taken support near the lower band and a sharp recovery on the daily chart has made a long trailing tail and on the daily candlestick. The overall trend for the Nifty remains bearish as prices are trading well below its 21 and 50 days exponential moving averages on the daily chart. Momentum oscillator RSI (relative strength index - 14) has given a … [Read more...] about Hot Stocks | Here’s why you should buy Infosys, Kotak Mahindra Bank for short term