Save from as low as €40 per month Change modify pause
The Dow and the S&P 500 indexes closed at record highs on Friday following a stronger-than-expected jobs report, while investors shrugged off concerns over the Delta variant impacting a nascent economic recovery. Four of the 11 major S&P 500 sectors rose, with financials posting the biggest daily percentage gain since July 20. The S&P 500 technology sector index fell. The Dow Jones Industrial Average on Friday rose 144.26 points, or 0.41%, to 35,208.51, the S&P 500 gained 7.42 points, or 0.17%, to 4,436.52 and the Nasdaq Composite dropped 59.36 points, or 0.4%, to 14,835.76.
European stocks also inched up to a record close, marking their best week since mid-March on a run of strong quarterly earnings and as hopes of a broader rebound drove buying in economy-linked sectors. The pan-regional STOXX 600 index notched a fifth straight record high to gain 1.8% for the week, ending it at 469.97 points. Bank stocks were the best performers this week, adding 4.4% as positive earnings reports from majors including HSBC and Societe Generale boosted the index.
Maltese markets also ended higher, with the MSE Equity Total Return Index closing up 0.43 percent at 8,025.668 points. Tigne Mall Plc led the gains with shares jumping 23.97 percent to €0.75, followed by Plaza Centres, up 4.71 percent at €0.89. RS2 Software Plc followed with a 2.33 percent gain to €1.76. The MSE Malta Government Stocks Total Return Index edged up 0.03 percent to 1,116.226 points while the MSE Corporate Bonds Total Return Index closed unchanged at 1,140.242 points.
Source: Reuters; Malta Stock Exchange
The information, view and opinions provided in this article are being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website.
Disclaimer
The information provided on this website is being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Similarly, any views or opinions expressed on this website are not intended and should not be construed as being investment, tax or legal advice or recommendations. Investment advice should always be based on the particular circumstances of the person to whom it is directed, which circumstances have not been taken into consideration by the persons expressing the views or opinions appearing on this website. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views, or opinions appearing on this website. You should always take professional investment advice in connection with, or independently research and verify, any information that you find or views or opinions which you read on our website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. CC does not accept liability for losses suffered by persons as a result of information, views, or opinions appearing on this website.
Calamatta Cuschieri Investment Services Ltd is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act.
You are signing up to receive news, updates, general market announcement, articles and product or service marketing. By signing up you are consenting to our privacy policy and can unsubscribe at any time.
