Wall Street

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A Day After Making History, the Dow Dips

It's a mixed day on Wall Street despite technology gains

(Newser) - Stocks are winding up with a mixed finish on Wall Street, even as gains for technology stocks pushed the Nasdaq to another record close, the AP reports. The Dow edged lower Wednesday but the S&P 500 rose 0.5%, a day after wrapping up its best quarter since 1998.... More »

'Holy Cannoli': How Wall Street Left Loggers Reeling

Private timber companies are upending people's lives in Oregon

(Newser) - Drive outside Falls City, Oregon, and you'll see it: a lot of Douglas fir trees cut down to stumps. That image opens a ProPublica story about how Oregon—America's top lumber-producing state—allowed private timber companies to buy up land and suffered economically as a result. "You'... More »

S&P 500's Winning Streak Fizzles Out

The S&P 500 falls 0.4% after a shaky day of trading

(Newser) - The S&P 500 gave up an early gain and ended slightly lower, ending a three-day winning streak, the AP reports. The benchmark index fell 0.4% after a wobbly day of trading. Like other markets worldwide, Wall Street took a pause following some recent gains. Treasury yields held steady... More »

Mnuchin Gives His Take on Closing the Economy Again

The treasury secretary gave his take as Wall Street shuddered over the coronavirus

(Newser) - Treasury Secretary Steven Mnuchin says re-closing the US economy is not an option. "We can't shut down the economy again. I think we've learned that if you shut down the economy, you're going to create more damage," he told CNBC 's Jim Cramer on... More »

Stock Market Says 'Protests, What Protests?'

The S&P 500 rises 1.4%

(Newser) - Stocks closed higher on Wall Street, extending the market's winning streak to a fourth day. The S&P 500 rose 1.4% Wednesday. Investors are hoping that the economy will continue to open up following the lockdowns put in place to stem the spread of the coronavirus, the AP... More »

Optimism Bubbles With Banks, Retailers

S&P 500 gained 1.5% in a choppy day of trading

(Newser) - Stocks closed higher on Wall Street Wednesday, extending the market's gains into a third day on hopes for a coming economic revival as larger swaths of the country relax stay-at-home mandates imposed due to the coronavirus pandemic and clear the way for more businesses to reopen, the AP reports.... More »

One Stock Sector Plays Outsize Role Today

Wall Street has an up day as the S&P 500 rises 1.7%

(Newser) - Stocks posted solid gains on Wall Street Wednesday, erasing their losses from a day earlier. Big-name investor favorites like Facebook, Apple, and Amazon helped pull the market higher, the AP reports. The S&P 500 rose 1.7%. Technology, the only sector that's holding on to a gain for... More »

Reserve Chair Speaks, and Wall Street Slides Again

The S&P 500 lost 1.7% as stocks fell for second straight day

(Newser) - Stocks fell for the second day in a row Wednesday on Wall Street, weighed down by worries about a slow recovery for the economy, the AP reports. The weakness came after Federal Reserve Chair Jerome Powell warned about the threat of a prolonged recession because of the shutdowns related to... More »

Stocks Were Rising Until This Data Came In

The S&P 500 suffers its first loss this week

(Newser) - Stocks fell on Wall Street Wednesday, sending the market to its first loss in three days, after more depressing data rolled in on the devastation sweeping the global economy, the AP reports. The S&P 500 dropped 0.7%, and three out of four stocks in the index sank. But... More »

Finally, Stocks Have an Up Day

The S&P 500 index rises 2.3%

(Newser) - Stocks are closing higher on Wall Street after two days of losses, and the price of oil burst higher a day after a historic plunge, the AP reports. US crude jumped after President Donald Trump threatened the destruction of any Iranian gunboats that harass US Navy ships, raising the possibility... More »

Stocks Fall on Grim News

The S&P 500 is down 2.2%

(Newser) - Stocks are closing lower on Wall Street as more signs emerge of the economic damage being caused by the coronavirus outbreak, the AP reports. The S&P 500 fell 2.2% Wednesday. Bond prices rose, sending yields lower. Energy stocks fell sharply after the price of oil touched another 18-year... More »

Investors See Upside of Pandemic Numbers

Stocks shoot up 3.4%

(Newser) - Stocks shot 3.4% higher Wednesday on Wall Street as investors chose to focus on the optimistic side of data about the coronavirus outbreak's trajectory, the AP reports. It's the latest about-face in this brutally volatile stretch for the US stock market, which has flip-flopped between gains and... More »

A 'Tentative Climb' at the Open for the Dow

Starts the day up 300 points

(Newser) - Dr. Anthony Fauci offered words of encouragement on Wednesday, and the markets took notice. CNBC reports the Dow opened up 300 points, or 1.4% and just below 23,000, after Fauci indicated a coronavirus turnaround could come into play next week. The S&P 500 and Nasdaq both rose... More »

'Unseemly' Detail Emerges on Senator's Stock Purge

Sen. Kelly Loeffler invested in a company that makes medical protective equipment

(Newser) - Maybe Sen. Kelly Loeffler hopes the details will exonerate her? Well, we'll soon see. The GOP senator has given the Atlanta Journal-Constitution details about her sale of millions of dollars in stocks—much of which happened after senators privately learned about the looming coronavirus on Jan. 24. Turns out... More »

Market Reacts to Estimated US Death Toll

Selling is widespread as the S&P 500 drops over 4%

(Newser) - Stocks are closing sharply lower on Wall Street as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak, the AP reports. The S&P 500 dropped more than 4% Wednesday after the White House said that 100,000 to 240,000 people in... More »

Dow Finishes the Day in the 22K Range

Closes up 691 points

(Newser) - Stocks closed higher again on Wall Street Monday, led by health care stocks, bringing the market's surge over the past week to 17%. The S&P 500 rose more than 3% for its fourth gain in five days, following up its best weekly gain since hitting bottom after the... More »

Afternoon Rally Fizzles on CNBC Report

But stocks closed higher overall

(Newser) - Stocks are closing higher on Wall Street Wednesday but gave up much of an afternoon rally after CNBC reported that a dispute between Sen. Bernie Sanders and Republicans over unemployment aid could cause the coronavirus aid bill to be delayed, the AP reports. The S&P 500 rose 1.2%... More »

Even With Fed Aid, Stocks Slump Once Again

Dow closes down 3%

(Newser) - Stocks are ending another bumpy day broadly lower on Wall Street as investors wait to see if Democrats and Republicans can settle their differences on an economic rescue package. Major indexes ended down about 3% Monday, having been down as much as 5%. Marketwatch reports the Dow closed down 582... More »

Sen. Loeffler Responds to Critics of $18M Stock Purge

Lawmakers sold a lot of stock in the pandemic's early days

(Newser) - Sen. Kelly Loeffler is taking a stand against critics of her recent stock purge—one of several by lawmakers as the coronavirus began to spread. "It's absolutely false," Loeffler said Friday on Fox News . "And, it could not be true." CNBC notes that Loeffler and... More »

Dow Surges 1,300 at the Open

But volatility remains high

(Newser) - Futures trading suggested a strong opening for US markets, and that's exactly what happened. The Dow initially rose more than 1,300 points, above 6%, while the benchmark S&P 500 and Nasdaq posted similar-sized gains, reports CNBC . The surge comes one day after the stock market's worst... More »

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