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Wall Street posts solid gains, as defensives, tech shine

The Star Business LogoThe Star Business1w ago

Wall Street posts solid gains, as defensives, tech shine

Quick Summary

NEW YORK: Wall Street's main indexes posted solid gains on Thursday, fueled by strong performance from defensive and tech shares that outweighed declines for economically sensitive groups as worries persisted about a potential recession.

Other economically sensitive sectors also fell.Materials .SPLRCM lost 1.4%, while industrials .SPLRCI and financials .SPSY dipped about 0.5% each.

Advancing issues outnumbered declining ones on the NYSE by a 1.41-to-1 ratio; on Nasdaq, a 1.67-to-1 ratio favored advancers.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Gold Markets Ukraine Oil Nasdaq Stocks /Business/Business News Russia Fed Rate Dow Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 05:10:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 4 minutes read

Article Length: 593 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6450

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 17 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 55m ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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