Dow bounces back on cyclical boost; Nvidia leads tech stocks lower

Economy30 minutes ago (Dec 06, 2021 10:26AM ET)

(C) Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2021. REUTERS/Brendan McDermid

(Reuters) – Wall Street’s main indexes opened higher on Monday after declining sharply last week on Omicron and taper fears, with investors favoring banks, energy and economy-linked stocks against technology and growth-heavy shares.

The Dow Jones Industrial Average rose 53.35 points, or 0.15%, at the open to 34,633.43. The S&P 500 opened higher by 9.94 points, or 0.22%, at 4,548.37, while the Nasdaq Composite gained 32.16 points, or 0.21%, to 15,117.63 at the opening bell.

Wall Street opens higher on banks, energy boost

Bitcoin’s flash crash crimps year-end bulls
By Reuters – Dec 06, 2021

By Medha Singh and Lisa Pauline Mattackal (Reuters) – A flash weekend bitcoin crash that wiped out a fifth of its value and caused $2 billion worth of positions to be liquidated…

SPAC tied to Trump’s social media venture receives regulatory inquiries
By Reuters – Dec 06, 2021

(Reuters) -The blank check firm taking former U.S. President Donald Trump’s social media venture public said it had received inquiries from U.S. financial regulators as it…

Exxon Mobil to achieve net zero GHG emissions in Permian operations by 2030
By Reuters – Dec 06, 2021

(Reuters) – Oil major Exxon Mobil Corp (NYSE:XOM) said on Monday it aims to achieve net zero greenhouse gas (GHG) emissions from operated assets in the U.S. Permian basin by…

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