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Moderna Jumps 11.8% as It Tests Vaccine Against Variant

Markets recover ground after Friday's big drop

(Newser) - The stock market steadied itself Monday following a slide last week brought on by the newest coronavirus variant. Investors are waiting for more clues about just how much damage the new strain may do to the economy. The S&P 500 recovered more than half its drop from Friday. Bond...

Gap Nosedives 24% After Weak Results
Gap, Nordstrom
Nosedive After
Weak Results
MARKETS

Gap, Nordstrom Nosedive After Weak Results

HP was S&P 500's biggest gainer

(Newser) - Wall Street capped another wobbly day of trading Wednesday with an uneven finish for the major stock indexes ahead of the Thanksgiving holiday. The S&P 500 rose 0.2% after wavering between small gains and losses most of the morning, the AP reports. The benchmark index regained its footing...

Oil Prices Rise Despite Biden Move
Oil Prices Rise 
Despite Biden Move
MARKETS

Oil Prices Rise Despite Biden Move

President ordered release of 50M barrels

(Newser) - Stocks closed mixed on Wall Street Tuesday after a day of wobbly trading. Losses in big technology stocks and companies that rely on consumer spending tempered gains elsewhere in the market. The S&P 500 rose 7.76 points, or 0.2%, to 4,690.70. The Dow Jones Industrial...

Late Drop Robs S&amp;P 500 of Record High
Markets Reassured 
by Biden's Fed Move
MARKETS

Markets Reassured by Biden's Fed Move

But late drop robbed S&P 500 of record high

(Newser) - A late drop robbed the S&P 500 of another record high on Wall Street Monday and left major indexes mostly lower after being up for much of the day. The S&P 500 ended 0.3% lower. It was up as much as 1% earlier. The Nasdaq fell 1....

4.7% Drop for Visa Weighs Down S&amp;P 500
Visa Dives 4.7% After
Big Move From Amazon
MARKETS

Visa Dives 4.7% After Big Move From Amazon

Company will no longer accept UK-issued Visa cards

(Newser) - Stock indexes shuffled lower on Wall Street Wednesday, pulling a bit further off their record heights. The bond market was relatively calm following turbulent trading recently amid worries about high inflation. The yield on the 10-year Treasury fell to 1.59%. Shorter-term yields also fell, giving up a portion of...

Report on Consumer Spending Gives Markets a Boost

Government says consumers stepped up their spending despite inflation

(Newser) - Stocks closed higher on Wall Street Tuesday as investors reviewed solid earnings reports from retailers and an encouraging update on consumer spending. Home Depot rose 5.8% after the home improvement retailer reported surging sales and solid profits last quarter amid a hot housing market, the AP reports. New data...

Casper Surges 89% on Buyout News
Casper Surges 89%
on Buyout News
MARKETS

Casper Surges 89% on Buyout News

Major indexes were little changed

(Newser) - Major indexes ended a wobbly day mostly lower on Wall Street as the market comes off its first weekly loss in six weeks. The S&P 500 ended little changed and the Dow Jones Industrial Average edged barely higher, the AP reports. The yield on the 10-year Treasury note rose...

Inflation Report Roils Bond Markets
Inflation Report
Hits Markets Hard
MARKETS

Inflation Report Hits Markets Hard

Dow dropped 240 points

(Newser) - An eye-opening report on inflation that was hotter than expected slammed into the bond market on Wednesday, sending yields jumping, and helping knock stocks lower, the AP reports. The sharpest inflation since 1990 forced investors to boost bets that the Federal Reserve will have to raise short-term interest rates more...

Markets' Longest Winning Streak Since 2019 Is Over

Tesla drops another 12%

(Newser) - US stocks closed lower Tuesday, ending the market’s longest winning streak in more than two years. The S&P 500 fell 0.4%. The Dow Jones Industrial Average lost 0.3% and the Nasdaq fell 0.6%. Tesla slumped again, losing 12% after its CEO Elon Musk said over...

$1T Infrastructure Bill Boosts Construction Stocks

S&P 500 hits record high after 8th straight gain

(Newser) - Stocks notched some modest gains on Wall Street Monday, enough to mark more record highs for major US indexes. The S&P 500 edged up 0.1% for its eighth straight gain, matching its longest winning streak since April 2019, though most of the gains during that stretch have been...

Stocks Hit More Record Highs After Fed Announcement

Activision, Zillow were among the day's losers

(Newser) - Stocks climbed to more record highs Wednesday after the Federal Reserve said it will begin dialing back the extraordinary aid for the economy it has been providing since the early days of the pandemic. The S&P 500 rose 29.92 points, or 0.6%, to 4,660.57. The...

Dow Finishes Above 36K for the First Time
Dow Closes Over 36K
for the First Time
MARKETS

Dow Closes Over 36K for the First Time

S&P 500 also hit a new record

(Newser) - Stocks closed higher on Wall Street Tuesday, pushing the Dow Jones Industrial Average to its first close above 36,000 points. The Dow added 138.79 points, or 0.4%, and closed at 36,052.63. The S&P 500 rose 16.98 points, or 0.4%, to 4,630....

Tesla Jumps 8.5% as Major Indexes Reach Record Highs

Dow was up 94 points

(Newser) - Stocks ended a wobbly day modestly higher on Wall Street, enough to notch more all-time highs for major indexes. The S&P 500 rose 8.29 points, or 0.2%, to 4,613.67. The Dow Jones Industrial Average rose 94.28 points, or 0.3%, to 35,913.84....

Dow Drops 266 Points as Markets Pull Back
Dow Drops 266 Points
as Markets Pull Back
MARKETS

Dow Drops 266 Points as Markets Pull Back

Tech gains helped counter some of the losses

(Newser) - Stocks faded in the last hour of trading and ended mostly lower Wednesday, a day after the S&P 500 and the Dow Jones Industrial Average set their latest record highs. Several big technology companies posted solid gains, led by Microsoft, which reported a 24% surge in profits last quarter...

Facebook Drops 3.9% After Weak Sales Forecast
UPS Jumps 6.8%
After Beating Forecasts
MARKETS

UPS Jumps 6.8% After Beating Forecasts

Dow, S&P 500 hit record highs

(Newser) - Stocks held on to modest gains on Wall Street Tuesday, pushing the S&P 500 and the Dow Jones Industrial Average further into record heights. The S&P 500 added 0.2% and the Dow edged up less than 0.1%. Solid earnings from several companies helped push stock prices...

S&amp;P 500, Dow Hit New Highs Amid Strong Profit Reports
Tesla Jumps 12.7% After
Hertz Deal Announced
MARKETS

Tesla Jumps 12.7% After Hertz Deal Announced

Dow, S&P 500 hit record highs

(Newser) - Wall Street notched some more record highs on Monday as a better-than-expected profit reporting season gets into higher gear. The S&P 500 rose 0.5%, surpassing the peak it set on Thursday. Tesla jumped 12.7% to the biggest gain in the S&P 500 after Hertz said it...

Strong Health Care Earnings Push Indexes Near New Highs

Pinterest jumps 12.8% amid acquisition rumors

(Newser) - Solid earnings from health care companies helped send stocks higher on Wall Street Wednesday and pushed the benchmark S&P 500 to the brink of another record high. The market has been gaining ground as investors shift their focus to the latest round of corporate earnings. The S&P 500...

S&amp;P 500 Closes in on Record High
First Bitcoin ETF
Jumps 4.8% in Market Debut
MARKETS

First Bitcoin ETF Jumps 4.8% in Market Debut

S&P 500 is closing in on record high

(Newser) - Stocks closed higher on Wall Street Tuesday, giving the S&P 500 its fifth straight gain and getting it closer to the record high it set in early September. The Dow Jones Industrial Average and the Nasdaq also closed higher. Health care companies made some of the biggest gains. Johnson...

Markets Lose Momentum After Best Week Since July

Tech stocks rose; health stocks were down

(Newser) - Stocks wobbled to a mixed finish on Wall Street Monday as the market’s momentum slowed down following its best week since July. The S&P 500 index rose 0.3% but the Dow Jones Industrial Average fell 0.1%. Gains in several big technology companies helped push the Nasdaq...

Delta Drops 5.8% After Warning of Fuel, Labor Costs
Delta Was
Biggest Loser
in S&P 500
MARKETS

Delta Was Biggest Loser in S&P 500

Airline drops 5.8% after warning that fuel, labor costs could hit profits

(Newser) - Stocks ended another day of choppy trading modestly higher Wednesday, enough to break a three-day losing streak for the S&P 500. The benchmark index rose 0.3%. Delta Air Lines fell 5.8%, the most in the S&P 500, after warning that higher fuel and labor costs could...

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