Tuesday, 6 July 2021

Reuters Business: Dow, S&P 500 fall as financials drag; Nasdaq at record

Dow, S&P 500 fall as financials drag; Nasdaq at record

The Dow and S&P 500 fell on Tuesday, with financials and other groups closely tied to economic growth leading declines, while the Nasdaq edged higher to another closing record.

Dow, S&P 500 end lower, financials among biggest drags

The Dow and S&P 500 fell on Tuesday as investors took profits in some of the groups tied most closely to economic growth, while the Nasdaq edged higher to another closing record.

Pentagon scraps Trump's $10 billion cloud deal for Microsoft, reviving Amazon bid

The U.S. Defense Department canceled its $10 billion JEDI cloud-computing project on Tuesday, pulling the Trump-era award to Microsoft Corp (MSFT.O) and announcing a new multi-vendor contract expected to include its big tech rival Amazon.com (AMZN.O).

Pentagon's cloud deal latest Trump move halted by Biden

The U.S. Defense Department dealt a blow to Microsoft Corp (MSFT.O) on Tuesday when the Pentagon announced it was scrapping the Trump-era award of a $10 billion JEDI cloud-computing project.

China crackdown on tech and overseas-listed shares prompts sell-off of Didi, others

Didi Global Inc (DIDI.N) shares fell as much as 25% in early U.S. trading on Tuesday in the first session since Chinese regulators ordered the company's app to be taken down days after its $4.4 billion listing on the New York Stock Exchange.

Dollar edges higher as market awaits clues from U.S. Fed

The dollar gained against a basket of peer currencies on Tuesday following the U.S. Independence Day long weekend as traders positioned themselves ahead of the release of the minutes from the U.S. Federal Reserve's pivotal June meeting.

Stocks, bond yields, oil fall as risk appetite fades

Global stock prices fell sharply Tuesday - after some indexes briefly touched new highs - as tumbling bond yields, lower crude prices, China's latest tech crackdown and expectations of a hawkish Fed report on Wednesday waved red flags at investors.

Wall Street declines; investors take profits on financials

U.S. stocks were lower in Tuesday afternoon trading, led by declines in the Dow Jones Industrial Average as investors took profits in some of the groups tied most closely to economic growth.

Unveiling its last petrol car, Lotus sets off in pursuit of Porsche

Lotus unveiled its last ever petrol car on Tuesday, a milestone in the British sportscar brand's journey towards becoming an all-electric and far bigger automaker by the end of the decade.

EXCLUSIVE As fund board diversity lags, U.S. SEC advisers push for details on race, gender

Mutual fund boards would be required to disclose information on the gender and racial diversity of their directors under a rule change recommended to the top U.S. securities regulator.

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