Investing Tools
Company A-Z
Company Search
Stock Screener
Portfolios
Technical Analysis
Live Terminal
Mobile Tools

Useful Links
My Profile
My Favorites
Friday, April 19, 2024 5:39:57 AM - Markets open
VN-INDEX 1,193.01 -22.67/-1.86%
HNX-INDEX 226.20 -2.63/-1.15%
UPCOM-INDEX 88.15 -0.48/-0.54%
Wall Street chalks up biggest gain in four years
Reuters - 8/27/2015 8:00:00 AM
 (0 ratings. You must sign in to rate.)
Wall Street racked up its biggest one-day gain in four years on Wednesday as fears about China's economy gave way to bargain hunters emboldened by expectations the U.S. Federal Reserve might not raise interest rates next month.

Led by Silicon Valley stalwarts Apple, Amazon and Google, the surge put the brakes on a six-day losing streak that saw the S&P 500 surrender 11 percent.

In a sign that a faltering Chinese economy and slumping global financial markets could affect U.S. monetary policy, New York Fed President William Dudley said the prospect of a September rate hike seemed "less compelling" than it was just weeks ago.

All 10 major S&P 500 sectors jumped, led by a dizzying 5.3 percent jump in the technology index .SPLRCT, its largest one-day rise since 2009.

Some of the late-day rally was driven by short-term traders, including many who had bet the market would fall and rushed to cut their losses, said Michael Matousek, head trader at U.S. Global Investors Inc in San Antonio.

A strong rally on Tuesday had evaporated in the final minutes of trading and turned negative.

“A lot of people were anticipating the last half of the day would roll over and fall off and that hasn't happened," Matousek said. "You could see the buying accelerating at mid-day and people saying 'I'm wrong', and starting to cover their shorts.”

The Dow Jones industrial average .DJI finished 3.95 percent higher at 16,285.51. Its gain of 619.07 points was its biggest since 2008.
Newer News
09/12 Measures needed to help SMEs tap ASEAN market: seminar
24/08 Upstream oil businesses profit from higher rents and limited supplies
06/03 Taxing second homes must be studied carefully: experts
21/09 Central banks set to hit peak rates at faster pace
23/03 Policymakers fear high inflation and unemployment
17/03 Current global inflation a worrisome situation
26/01 ASEAN+3 economic prospects positive in 2022
30/12 Cryptocurrency continues to be attractive investment channel next year
13/08 Biden, Harris vow to 'rebuild' America post-Trump
05/01 Game-changing strategy for smart manufacturers
Older News
26/08 China’s Stocks Slump as Rate Cut Fails to Stop $5 Trillion Rout
26/08 Brief Respite Ends for European Stocks Amid Renewed Retreat
26/08 Japan Rebounds While China Caution Scuttles Copper, Ringgit Again
26/08 Wall Street's rally goes up in smoke, indexes end lower
26/08 Gold falls as China rate cut boosts stocks, palladium sinks
26/08 US oil settles up $1.07, or 2.80%, at $39.31 a barrel
25/08 European stocks work to recover after worst session since 2008
25/08 China growth panic is way overdone, experts warn
25/08 Global Stock Rout Continues in Asia as Futures Bounce Sidelined Emma O'Brien Adam Haigh
25/08 U.S. stocks end harrowing session with biggest drop in 4 years
 
Newsletter Signup
Top Stories
Gold bar auction to be resumed after 11 years of suspension
PM Chính requires strengthened gold market management
Bank shareholders to receive high dividends, stock bonuses
Shares sustain gains on strong investor confidence
Banks given advantages to CASA ratio
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,193.01 -22.67/-1.86%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.