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Markets Are 'Excited for Post-Vaccine World'

S&P 500, Nasdaq hit record hights

(Newser) - Steady gains throughout the day delivered another round of record highs for major indexes on Wall Street Tuesday. The S&P 500 rose 0.3% to 3,702.25, closing above 3,700 points for the first time . The tech-heavy Nasdaq also hit a record high. Small-company stocks rose much...

Wall St. Rally Loses Steam

But tech stocks clawed back some losses

(Newser) - An early rally on Wall Street lost steam by the closing bell Wednesday, leaving major indexes mixed. The S&P 500 rose 0.8%, thanks largely to gains in big technology companies. The Nasdaq rose 2% to 11,786.43, and the Dow Jones industrials edged down 0.1%, or...

Wall St. Bounces Back After 4-Day Losing Streak

Strong home sales gave markets a boost

(Newser) - Stocks rebounded on Wall Street Tuesday, recovering some of their losses after tumbling on a raft of worries about the pandemic and governments’ response to it. The S&P 500 gained 1.1%, halting its first four-day losing streak since the market was selling off in February. Trading was erratic,...

Dow Drops 632 Points as Tech Stocks Slump

Nasdaq is down 10% over 3 trading days

(Newser) - Big technology stocks tumbled again on Tuesday, continuing the Icarus-like flight path for companies that just a week ago were the high-flyers carrying Wall Street to record heights. The S&P 500 fell 95.12, or 2.8%, to 3,331.84 and clinched its first three-day losing streak in...

S&P 500, Nasdaq Start Month With New Highs

Zoom was up more than 40%

(Newser) - Wall Street kicked off September with another set of milestones Tuesday, as an afternoon rally carried the S&P 500 and Nasdaq composite to all-time highs. The S&P 500 bounced back from a modest loss in the early going to finish 0.8% higher a day after the benchmark...

Nasdaq Sets New Record

Other indexes also saw solid gains

(Newser) - Stocks on Wall Street shook off a choppy start and closed higher Monday, extending the market's gains from last week. The initial drop followed weakness in overseas markets as the global tally of coronavirus infections approached 9 million. Technology companies led the way, outweighing losses in health care and...

Nasdaq Rises Above Pre-COVID High

S&P 500 hit its highest level since February

(Newser) - Wall Street’s enthusiasm about the reopening economy sent stocks scrambling even higher on Monday, and the Nasdaq composite wiped away the last of its coronavirus-induced losses to set a record. The S&P 500, which dictates how more 401(k) accounts perform, climbed back within 4.5% of its own...

Stocks Extend Gains for 3rd Straight Day

NASA astronauts rang Nasdaq opening bell

(Newser) - Stocks closed broadly higher on Wall Street Tuesday, extending the market's winning streak to a third day. The latest gains, which followed a rally in global stocks, were driven by optimism that the global economy will begin to recover as governments gradually allow businesses that were closed due to...

Banks Down, Health Stocks Up in Mixed Day for Wall St.

Major indexes mostly erased early losses

(Newser) - Major stock indexes erased much of their early losses, leaving the market mixed at the end of trading Monday. Companies whose fortunes are most closely linked to how well the economy is doing took the biggest losses, including banks, energy, and basic materials companies, the AP reports. The S&P...

Nasdaq Hits a Milestone

Index passes 9K for the first time

(Newser) - Stocks moved broadly higher Thursday, nudging the major indexes further into record territory. Technology stocks accounted for a big slice of the gains, which helped push the Nasdaq composite above the 9,000 mark for the first time, per the AP . The index, which is heavily weighted with tech stocks,...

Back to the Red: Market Has a Brutal Opening

Dow was down more than 400 points early

(Newser) - Wall Street's wild Christmas week rolls on. The Dow Jones Industrial Average fell more than 430 points in the first hour of trading Thursday, a day after notching its biggest-ever one-day point gain . Technology companies, health care stocks, and banks, all big gainers on Wednesday when the market had...

Markets Off to Brutal Start

Dow falls more than 500, putting 2018 gains at risk

(Newser) - Stocks are skidding again on Wall Street as a tech rout continues and several big retailers report weak results, per the AP . Apple sank another 3.6% in early trading Tuesday and Microsoft gave up 3.3%. Target, meanwhile, plunged 9.5% after missing Wall Street's earnings estimates. In...

Trump Has Explanation for Market's 'Little Pause'

It's because of the midterms, he says, warning that Democrats will make things worse

(Newser) - President Trump has repeatedly celebrated the stock market's rise under his watch, and on Tuesday he chalked up Wall Street's rough October to concern about the midterms. "The Stock Market is up massively since the Election, but is now taking a little pause — people want to...

Markets Rebound at Start of Trading

Dow rose more than 200 points after Wednesday's plunge

(Newser) - Thursday is looking much better than Wednesday on Wall Street. Stocks opened higher after a sharp sell-off the previous day erased the market's gains for the year . In the first hour of trading Thursday, the Dow rose more than 200 points, shy of 1%, and the S&P 500...

Rough Day for Stocks, Scary Warning on Housing

Dow falls more than 400 points

(Newser) - It's shaping up to be a bleak day on Wall Street, with the Dow falling more than 400 points at the open. The S&P 500 and Nasdaq were in similar straits. The Wall Street Journal chalks up the declines to lousy earnings reports from blue chips Caterpillar and...

Market Milestone: 9 Years, 5 Months, 13 Days

The longest bull market in history is on the books

(Newser) - Dot-com bubble, eat your heart out: The S&P 500 has marked its longest-running bull market ever by going 3,454 days since hitting a low point in March 2009, the Wall Street Journal reports. Despite inching down a point Wednesday to 2,861, per the AP , the storied blue-chip...

Oil, Energy Rally Fuels Market Surge

But Nasdaq composite loses 20 points

(Newser) - US stocks are closing higher Friday as oil prices and energy companies rallied, the AP reports. OPEC says it will produce more oil, but not as much as investors feared; US crude jumped 4.6% and Exxon Mobil advanced 2.1%. Health care companies also rose while technology companies and...

Stocks Up on Good News for Banks, Bad News for Borrowers

Rates are going higher as data shows confidence growing since Great Recession

(Newser) - US stocks mostly rose Thursday, as markets get accustomed to the idea of investing with less of a safety net from central banks around the world, reports the AP . The European Central Bank laid out its plan to pull back from the stimulus it's pumped into markets, but it...

Stocks Swoon Again; Dow Sinks 400

Traders worried about trade war between US, China

(Newser) - Stocks sank again Friday, giving Wall Street its worst week in two years, as fear gripped investors that China and the US were headed for a trade war, the AP reports. The Dow Jones industrial average plunged more than 400 points, bringing its weekly decline to 1,400. Technology companies...

Stocks End Sluggish Week With Small Gains

Energy, industrial companies rose Friday

(Newser) - The stock market eked out a small gain Friday but still ended the week lower after several days of losses, the AP reports. Energy companies rose along with the price of crude oil. ConocoPhillips gained 1.7%. Banks and industrial companies also ended higher. PNC Financial rose 1.4% and...

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