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Hits Stock Futures,
Oct 2, 2020 5:00 AM CDT
Trump Diagnosis Hits Stock Futures, World Markets
'To say this potentially could be a big deal is an understatement'
- US stock futures and world markets fell Friday after President Trump said he and first lady Melania Trump had tested positive for the coronavirus. The future contracts for both the S&P 500 and the Dow industrials dropped nearly 2% but were trading 1.2% lower several hours later, the...
Oil Prices Jump as
May 5, 2020 3:52 PM CDT
Oil Prices Jump as Restrictions Relaxed
Dow Jones, S&P 500 edge upward
- Stocks closed broadly higher on Wall Street Tuesday as more countries relaxed restrictions on businesses, raising hopes for a recovery from the historic plunge that is sweeping the global economy. The S&P 500 rose 0.9% after losing about half of its early gains in a late-afternoon burst of...
'It Looks Like We're
Past the Worst of It'
Apr 27, 2020 4:16 PM CDT
'It Looks Like We're Past the Worst of It'
Markets surge as governments discuss reopening economies
- With governments making moves toward letting businesses reopen, stocks rallied worldwide on Monday. The S&P 500 rose 41.74 points to 2,878.48. The Dow Jones Industrial Average gained 358.51, or 1.5%, to 24,133.78, and the Nasdaq climbed 95.64, or 1.1%, to...
After Fed Cut, Stock Futures
Fall as Far as They Can Go
Mar 16, 2020 6:47 AM CDT
After Fed Cut, Stock Futures Fall as Far as They Can Go
Fed's 'monetary bazooka' has misfired
- Investors appear to have viewed the Federal Reserve's big interest rate cut as desperate, not bold. After the Fed announced Sunday that the rate was being cut to almost zero, futures on the S&P 500 and Dow Jones plunged 5%, triggering the "limit down" to halt further...
Asian, European Markets
Join Global Sell-Off
Feb 6, 2018 5:30 AM CST
Asian, European Markets Join Global Sell-Off
It was a rough first day for the new Fed chief
- The first day in a new job is often tough—especially when you're the new chief of the Federal Reserve and the Dow Jones has the largest single-day point drop in its history. The 4.6% drop means Jerome Powell is unlikely to have much of a honeymoon period...
What You Need to Know
Before the Markets Open
Aug 25, 2015 6:35 AM CDT
What You Need to Know Before the Markets Open
Things look much calmer, and US is poised for a decent start
- The financial world looks less chaotic today than it did on what's being called Black Monday: Chinese stocks had another rough day, but European markets stabilized and American stock futures rose, reports the
Wall Street Journal
. The Shanghai Index closed down 7.6% and Japan's Nikkei dropped 4%,...
World Markets Drop
as US Teeters
on Fiscal Cliff
Dec 31, 2012 4:55 AM CST
World Markets Drop as US Teeters on Fiscal Cliff
Investors alarmed by failure to reach deal
- Can American lawmakers hammer out a deal in time to avoid the fiscal cliff and toast the New Year? Investors worldwide are betting no. Uncertainty about budget negotiations and the future of the US economy drove down Asian markets on the last day of the year and European markets also...
Dow Crosses 12K
on Eurozone Deal
Oct 27, 2011 9:02 AM CDT
Dow Crosses 12K on Eurozone Deal
Investors optimistic after Greek debt cut, rescue fund expanded
- Will the debt crisis deal reached by European Union leaders help get the world economy back on track? Investors around the globe seem to think so. The Dow jumped 247 points at the open, to 12,116. The S&P 500 and Nasdaq rose 32 and 68 points, respectively, reports...
Dive on US Downgrade
Aug 7, 2011 10:00 AM CDT
Mideast Markets Dive on US Downgrade
S&P credit rating reverberates overseas, as well
- Stocks tumbled across the Middle East today as most regional markets reopened following the historic downgrade of the United States' credit rating. The region's markets mostly operate Sunday to Thursday, meaning they were the first to react to Standard & Poor's decision late Friday to cut the US...
Asian Markets Reeling
May 7, 2010 2:02 AM CDT
Asian Markets Reeling
Stocks dive amid hectic trading
- Asian markets plunged across the board this morning as worries about the Greek debt crisis and yesterday's stunning Wall Street plunge sparked a huge sell-off. Traders are still baffled by yesterday's events, and market conditions are "hectic and confused," said one securities trader in Tokyo, where the Nikkei...
Europe Applauds Bank
Crackdown; Markets Swoon
Jan 22, 2010 5:45 AM CST
Europe Applauds Bank Crackdown; Markets Swoon
Bank shares hit hard by pledge to curb risk-taking
- European leaders today lauded President Obama's plan to limit the size and risk-taking of the nation's banks, but stock markets worldwide were rattled. Asian markets fell sharply today and European markets opened down, following a 213 point drop in the Dow yesterday, its biggest 2-day loss since March. Europeans said...
Won't Bail Out Dubai With Blank Check
Nov 28, 2009 1:39 PM CST
Abu Dhabi Won't Bail Out Dubai With Blank Check
UAE capital will 'pick and choose' its aid
- Investors who hoped that oil-rich Abu Dhabi would write a blank check to cover the massive debts of Dubai—its flashier UAE sister city—got some bad news today. The capital city will instead "pick and choose" where to help. "We will look at Dubai's commitments and approach...
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