FINANCE

mc Dermid Reuters

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The S&P 500 see-sawed on Monday and ended close to unchanged as investors girded for an expected rate hike at a Federal Reserve meeting this week and earnings from several large-cap growth companies.

The Nasdaq ended lower, and S&P 500 technology (.SPLRCT) and consumer discretionary (.SPLRCD) led declines among major S&P sectors. The energy sector (.SPNY) gained along with oil prices.

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wall street closes higher boosted by tech stocks gains on upbeat earnings

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U.S. stocks ended higher on Wednesday with the tech-heavy Nasdaq booking a 1.6 % gain on positive earnings signals with a wary eye on inflation and more interest rate hikes by the Fed.

Netflix Inc's (NFLX.O) shares added 7.4% after the company predicted it would return to customer growth during the third quarter, while posting a smaller-than-expected 1 million drop in subscribers in the second quarter. 

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htopic 101

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The price of bitcoin fell below $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening.

Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping by as much as 12% to less than $18,100 by late afternoon on the East Coast, according to the cryptocurrency news site CoinDesk.

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NEW YORK -- Shares were mixed in Asia on Wednesday with Chinese benchmarks pressing higher after a rally in technology companies helped reverse most of an early slide on Wall Street.

Hong Kong's Hang Seng rose 1.1% to 19,853.66 and the Shanghai Composite index climbed 1.4% to 3,079.40.

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May 9 (Reuters) - Private equity firm Carlyle Group Inc (CG.O) told Reuters on Monday it has agreed to acquire U.S. specialty insurance provider NSM Insurance Group from White Mountains Insurance Group Ltd (WTM.N) for $1.78 billion in cash.

Carlyle said the deal is expected to close in the second half of this year. The transaction is expected to add $280 per share to White Mountains' adjusted book value.

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