US shares end mixed
tech stocks up
Dow Jones closes 27 down; Nasdaq 44 higher
Wall Street shares ended Monday mixed, with the Dow Jones closing down 27 points at 20,913
But the Nasdaq and the S&P500 were in positive territory, the former up 44 points at 6,091 as tech stocks were boosted and ahead of Apple results tomorrow.
The latter (S&P500) added around four to stand at 2,388.
In Toronto, the TSX closed down 12 at 15,573.
It comes as President Trumps reportedly has said he is considering a break-up of the big Wall Street banks - namely to separate the consumer and investment businesses.
As tensions with North Korea have continues, he also says he would be willing to meet with the country's leader Kim Jong Un, against the recommendations of political advisers.
Markets may have been dented by data, which showed that US factories expanded less than had been forecast last month (April), while an inflation measure recorded its first monthly drop since 2001.
The Fed starts a two-day policy meeting on Tuesday, but the central bank is not expected to raise interest rates.
In company news, Apple (NASDAQ:AAPL) shares were notable gainers , while Neurotrope Inc (NADAQ:NTRP) tanked over 63% to $6.90 after the group reportedly released clinical trial results for an Alzheimer's drug that were criticized by investors.
OPEN
Wall Street shares, as expected, opened slightly ahead with tech stocks doing well.
It comes after a budget plan was agreed on Friday to avert government shutdown, though it still must be passed in the Senate and Congress.
The Dow Jones is up over two points at the time of writing at 20.942, while the Nasdaq is up over 20 at 6,067. The broader based S&P 500 added over three to stand at 2,387.
In Canada, the TSX Composite Index - the largest index there, gained 15 points at 15,601.
In the oil market, US crude - West Texas Intermediate - was down 0.77% to $48.96.
On S&P 500 the biggest gainer was software group Autodesk Inc (NYSE: ADSK), up over 2.2% to $92.11. It will post its first quarter results on May 18.
Amazon (NSYE:AMZN) was also higher - still basking in earnings last week, which beat expectations.
Shares are up 1.63% to $940.09.
Social media group Twitter (NASDAQ:TWTR) shot up over 5% to $17.34 as it is reportedly partnering with news service Bloomberg for a 24-hour streaming TV news service.
On the downside, Neurotrope Inc (NADAQ:NTRP) tanked over 53% to $8.80 in pre-market after it reportedly released clinical trial results for an Alzheimer's drug that were criticized by investors.
PREVIEW - US stocks poised to recoup losses
Wall Street shares are poised to recoup losses on Monday ahead of more earnings and after losing ground on Friday as markets mulled disappointing economic growth data.
GDP (Gross domestic product) data in the US for the first quarter pointed to the weakest growth in the economy for three years.
The Dow Jones Industrial Index lost about 40 points to close at 20,940. The broader based S&P500 shed 4.57 at 2,384, while the tech heavy Nasdaq lost 1.33 at 6,047.
Meanwhile, in futures today, the Dow Jones is up 35, while the S&P 500 is up five points. The tech heavy Nasdaq is up over 14.
Saturday (April 29) marked Donald Trump's first 100 day in office, while the day before, a budget plan was agreed, which will avert government shutdown in Washington, which, if approved would fund the administration through to the end of September.
READ - Trump’s first 100 days: an unexpected semblance of normality pervades, for now
The deal reportedly adds to military spending, but does not include funding for the proposed mega wall between Mexico and the US.
It all comes, on the macro stage, as tensions persist with North Korea and as France prepared for a presidential election on Sunday - May 7.
Last week, among many other earnings, saw huge tech players like Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) report.
This week (Tuesday) will see earnings from Apple (NASDAQ: AAPL), oil behemoth BP (LON:BP.) and MasterCard (NYSE:MA).
London markets are closed today for the Bank Holiday, but FTSE 100 closed Friday around 33 points lower. In Asia, Japan's Nikkei 225 was open on May 1 and close over 113 points higher at 19,310.
In company news, shares in Netflix (NASDAQ: NFLX) lost 0.57% in pre-market to $151.33 as a hacker group going by the name of “thedarkoverlord” posted a link on Twitter to an illegal downloading site allegedly containing the first 10 episodes of the forthcoming Orange is the New Black season.
The firm said the appropriate "law enforcement" groups were involved.