Stocks slip, but S&P 500 still logs best month since April
The turbocharger for the market’s move higher has been a huge dose of hope as pharmaceutical companies come closer to delivering vaccines to a world beaten down by the COVID-19 pandemic.
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Data providers to combine in $44B deal, biggest acquisition of year
New York City-based S&P Global announced that it would acquire IHS Markit, based in London, in an all-stock deal.
Dow closes above 30,000 for first time, S&P 500 jumps to record
Trading volumes have been elevated in what is normally a calm week. More than 12 billion shares changed hands on Monday, up 75% from the Monday before last year’s holiday.
Stock indexes close at record highs as hopes build for a vaccine
The Dow Jones industrial average surpassed its record of 29,551.42 set in February before pandemic panic hit the market.
DoorDash, Wish, Affirm join Airbnb to fuel year-end IPO boom
Initial Public Offering advisers are expecting to see a record amount of listing activity during the period between the U.S. Thanksgiving and Christmas holidays.
Dow climbs more than 800 points as vaccine news revs up markets
Global markets roared Monday, with the Dow Jones industrial average soaring to intraday highs not seen since February.
Stocks skyrocket to record levels on Pfizer’s optimistic vaccine news
Markets were already sharply higher on the U.S. election result when Pfizer said that research shows vaccine shots may be 90% effective at preventing COVID-19, indicating the company is on track this month to file an emergency-use application with U.S. regulators.
Wall Street rallies again as election-week gains continue
The S&P 500 rose 1.9%, its fourth straight gain of more than 1%, and is now up 7.4% for the week. That would be its best week since the market was exploding out of the crater created in February and March by panic about the coronavirus pandemic.
Stocks mount big rally as investors embrace election results
Analysts said the gains came as markets saw the upside of political control in Washington, D.C., remaining split between Democrats and Republicans.
Dow caps volatile October with worst weekly finish since March
The three major U.S. indexes closed out the final trading day of a turbulent October with more losses, capping a wretched week marked by a record surge in coronavirus infections, dashed hopes for an economic rescue deal before the election and renewed fears of a new wave of business disruptions.
Stock market slide muddles Trump’s economic message days before 2020 election
The sell-off began two weeks ago but intensified Monday. It has been triggered by a surge in coronavirus cases and the fact that the White House and Democrats are at an impasse over relief talks.
Stocks plummet as global anxiety swells about COVID-19 surge
Three major U.S. stock indexes tumbled at least 3.4% on Wednesday as uncertainty about the economy, politics and public health drove investors from the market.
Cummins stock surges to record on better-than-expected third-quarter results
The Columbus-based engine maker’s third-quarter revenue and net income rebounded better from pandemic-related lags than analysts had expected.
Stocks swoon to worst day in month as virus cases surge
The S&P 500 fell 1.9% Monday to 3,400.19 points, deepening its losses from last week. The Dow Jones Industrial Average fell 2.3% to 27,685.38 points, and the Nasdaq dropped 1.6% to 11,358.94 points.
Stocks fall on Wall Street as coronavirus spreads in Europe
Wall Street has turned cautious this week amid a confluence of worrisome trends for the economy, which is still hampered by the pandemic.
Strong gains for technology stocks send Wall Street higher
Big Tech stocks, including Apple and Microsoft, powered much of the gains. Their businesses have proven to be practically impervious to the pandemic, unlike companies that would benefit from a strengthening economy.
Stocks reverse course after President Trump calls off stimulus talks
The Dow Jones industrial average dropped 375.88 points, or 1.3%, to 27,772.76. It had been up by more than 200 points before Trump’s announcement.
Stocks jump on Trump’s hospital departure, stimulus hopes
Wall Street rallied Monday as hopes for economic aid from Washington, D.C., helped it recover all of its knee-jerk losses after learning President Donald Trump tested positive for the coronavirus.
Stocks tick up as Wall Street waits for pandemic aid from Washington
Big swings have become typical recently, as investors handicap the chances of a deal on Capitol Hill to send more cash to Americans, restore jobless benefits for laid-off workers and deliver assistance to airlines and other industries.
JPMorgan Chase to pay $920 million in illegal trading settlement
The settlement, the largest ever imposed for this type of fraudulent activity, known as spoofing, resolves investigations by the Justice Department, the Securities and Exchange Commission and the Commodity Futures Trading Commission.