US markets retreat from record highs

US stock markets closed lower on Thursday, retreating from record closing highs in a broad sell-off driven by uncertainties surrounding the pace of the US economic recovery. As the bond market rallied on a flight to safety, all three major US stock indexes turned sharply lower, with economically sensitive transports down the most. “We’re still […]

US stocks hit new records as earnings come in

2021-01-26 HKT 02:46″ title=”The tech-rich Nasdaq Composite Index finished at a record for the fourth straight session. Image: Shutterstock”> The tech-rich Nasdaq Composite Index finished at a record for the fourth straight session. Image: Shutterstock Tech shares were on top again Monday as a heavy week of corporate earnings kicked off while pharmaceutical companies offered […]