Tuesday, 1 June 2021

Reuters Business: S&P 500 dips, as healthcare weighs; Dow ends higher

S&P 500 dips, as healthcare weighs; Dow ends higher

The S&P 500 (.SPX) dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.

Woman's lawsuit accuses Leon Black of defamation, violent behavior

Leon Black, the billionaire who until recently had led private equity firm Apollo Global Management Inc (APO.N) for more than three decades, was sued on Tuesday by a woman who accused him of defamation and subjecting her to sexual violence.

Zoom beats quarterly revenue estimates on steady demand

Zoom Video Communications Inc (ZM.O) reported better-than-expected quarterly revenue on Tuesday, benefiting from steady demand for its video-conferencing platform as people wary of the pandemic continued school and work from home.

Wall St ends little changed; energy gains, health sags

Wall Street's main indexes ended little changed on Tuesday, with gains in energy and financial shares countering declines in healthcare, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.

Oil settles up after hitting 15-month highs on demand prospects

Oil prices settled higher on Tuesday, with Brent hitting above $71 and trading at its highest since March, on expectations for growing fuel demand during the summer driving season in the United States as OPEC+ agreed to boost output.

Senators criticize U.S. airlines for not eliminating voucher expiration dates

Two senators on Monday criticized seven major U.S. airlines for failing to make all pandemic-related flight credits valid indefinitely and vowed to pursue legislative or regulatory actions in response.

U.S. says ransomware attack on meatpacker JBS likely from Russia

The White House said on Tuesday that Brazil's JBS SA (JBSS3.SA) has informed the U.S. government that a ransomware attack against the company that has disrupted meat production in North America and Australia originated from a criminal organization likely based in Russia.

Wall Street edges up, led by financials, energy

Wall Street's main indexes edged higher on Tuesday, with gains in energy and financial shares countering declines in tech and healthcare, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.

AMC leads 'meme stocks' higher after $230 mln capital raise

Shares of AMC Entertainment Holdings Inc (AMC.N) jumped more than 19% on Tuesday after the movie theater chain said it agreed to sell $230.5 million of equity to an investment firm, leading gains among a group of "meme stocks" that have benefited from another recent surge in buying by small-time investors.

U.S. equities fluctuate as world stocks hit record, oil climbs

U.S. stocks pared gains on Tuesday after manufacturing data showed expansion amid rising commodity prices and shortages of materials, while oil rose and global equities hit a record high as markets rode concerns of rising inflation.

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