Wall Street eyes alternative data to track economy reopening
Because conventional economic reports on hiring, consumer confidence and spending can lag a month or more, investment strategists are looking at other indicators.
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Wall Street dips as global rally eases off the accelerator
Markets have been trending upward this week, but rising levels of coronavirus infections in several hotspots around the world are raising concerns that all the improvements could get upended.
Stocks show healthy daily gain but suffer worst weekly loss since March
Friday’s rebound was a reversal for the market, which sold off for three days in a row as a rise in COVID-19 cases and a discouraging economic outlook from the Federal Reserve dashed investor optimism for a quick economic recovery.
Stocks fall sharply on Wall Street as investors turn jittery
The sell-off this week marks a reversal for the market, which rallied 44.5% between late March and Monday, a scorching rate that many skeptics said was unsustainable and didn’t reflect the dire condition of the economy.
S&P 500 rallies to pre-pandemic level; Nasdaq hits record high
The S&P 500 climbed back within 4.5% of its own record, as optimism strengthens that the worst of the recession may have already passed.
Dow jumps 829 points, Nasdaq hits intraday record on surprising jobs report
The S&P 500 jumped another 2.6% after a report said the U.S. job market surprisingly strengthened last month, bolstering hopes that the worst of the recession may have already passed.
Wall Street’s rally zooms higher after surprise gain in jobs
The S&P 500 is now down less than 6% from its record high set in February after being down nearly 34% earlier this year when recession worries were peaking.
Wall Street’s rally rolls on; S&P 500 back within 8% of high
The S&P 500 has surged nearly 40% since late March. The index is back above where it was on Feb. 26, one week after setting its record.
Stocks soar as investors look past civil unrest to economic high notes
Wall Street absorbed better-than-expected economic data: Private payrolls shed 2.76 million jobs in May, ADP reported Wednesday. Economists surveyed by Dow Jones had expected a drop of 8.75 million.
Late-session spurt lifts Dow above 25,000 for the first time since early March
The Dow Jones industrial average jumped 553 points Wednesday, about 2.2 percent. Financial stocks and beaten-up industrials helped power the blue chips—a comeback that signals confidence in the recovery.
Wall Street climbs as recovery hopes overshadow virus worries
Stocks surged on Wall Street in morning trading Tuesday, driving the S&P 500 to its highest level in nearly three months.
U.S. stocks rally on hopes for coronavirus drug
The Nasdaq composite index rose to within 1% of erasing losses for the year, led by Alphabet after it reported an ad-sales slowdown that wasn’t as bad as expected.
As earnings season reaches full swing, uncertainty is certain
Companies are being affected in different ways during the pandemic, but if there’s a common theme, it’s that the situation was bad in the first quarter, and it’s going to get worse.
Stocks up worldwide as governments eye reopening economies
With central banks and governments promising overwhelming amounts of aid for markets and economies, some investors are looking beyond the economic devastation currently sweeping the world.
Emmis shares plummet after it announces Nasdaq delisting plan
The Indianapolis-based media company, which has been a publicly traded business since 1994, said that it was pursuing the delisting to save money.
Oil’s chaotic collapse deepens; stocks drop worldwide
U.S. stocks sank to their worst loss in weeks as worries swept markets worldwide about the economic carnage caused by the coronavirus pandemic.
Stocks surge amid signs of coronavirus outbreak easing
Equities extended gains after a report that President Donald Trump will make some “important announcements” in the next few days regarding state guidelines on reopening the economy.
Wall Street caps best week since 1974 on latest Fed stunner
The stock market closed out its best week in 45 years on Thursday after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak.
Wall Street rally fizzles as oil prices suddenly plunge
The Dow Jones industrial average closed the day with a 26-point loss after losing an earlier gain of 937 points.
Dow skyrockets 1,627 points on signs new virus deaths could be slowing
A worldwide rally gained steam on Wall Street on Monday, propelling major indexes up more than 7%, as traders cheered glimmers of hope that the deadliness of the coronavirus outbreak could be slowing in some of the hardest-hit areas.