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US stocks were poised to sink Monday as fears about a second wave of the coronavirus rattled Wall Street. Futures tied to the Dow Jones industrial average tumbled 641 points, or 2.5 percent, to 24,895.00 as of 7:08 a.m. after several US states reported spikes in COVID-19 infections and hospitalizations. Futures linked to the S&P …
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US stocks rebounded Friday after fears about a new crop of coronavirus cases sparked the market’s worst selloff in three months. The Dow Jones industrial average had by 3 p.m. climbed 319.87 points, or 1.27 percent, to 25,448.04, clawing back some of Thursday’s nearly 7 percent loss. The S&P 500 also jumped as much as …
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The Dow plummeted 6.9 percent on Thursday in its sharpest one-day decline since the start of the coronavirus as investors face the prospect of a slow perhaps painful recovery. The Dow Jones industrial average plunged 1,861.82 points, to close at 25,128.17, while S&P 500 slid 5.9 percent, to 3,002.10. Even the Nasdaq Composite index of …
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US stocks slumped on Thursday with the Dow shedding more than 5 percent and the index on track for its sharpest one-day decline since March 18, as investors fretted over a resurgence in coronavirus infections and a grim economic outlook from the Federal Reserve. The S&P 500 and the Dow Jones were set to wipe …
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US stocks erased their 2020 losses on Monday, boosted by optimism that the US economy is poised for a quicker-than-expected comeback after being brought to a near standstill by the coronavirus pandemic. The Dow Jones industrial average rose 461.46 points, or 1.7 percent, to close at 27,572.44, building on Friday’s 829-point rally fueled by a …
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US stock indexes jumped on Friday, with the Nasdaq less than 1 percent away from a record high, after a closely watched report showed surprise job additions in May, lending weight to hopes of a faster economic rebound from a coronavirus-led slump. Data from the Labor Department showed nonfarm payrolls rose by 2.509 million jobs …
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Protests are dividing the US, a bitter spat over Hong Kong is brewing, a pandemic continues to rage worldwide — and the stock market is surging. The Dow Jones industrial average soared 527.24 points on Wednesday, or more than 2 percent, to close at 26,269.89, as Wall Street continued to shrug off spectacular images of …
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US stocks took a deep sigh of relief Friday after President Trump’s tough talk toward China did not include the announcement of any new tariffs. The Dow Jones industrial average slid as much as 368.97 points, or 1.4 percent, to 25,031.67 ahead of Trump’s 2 p.m. news conference. That index closed down only 17.53 points, …
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US stock indexes rose at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, but marts later gave up some of their gains as investors remained cautious about brewing US-China tensions. The Dow Jones industrial average rose 303.52 points, or 1.21 percent, at the open to 25,298.63. …
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US stock indexes dropped on Friday as Sino-US tensions weighed on markets struggling to gauge the pace of economic recovery from the coronavirus. President Donald Trump’s statement on China’s plan for a national security law in Hong Kong on Thursday raised concerns over Washington and Beijing possibly reneging on their Phase-1 trade deal. Fears of …
US stocks were poised to sink Monday as fears about a second wave of the coronavirus rattled Wall Street. Futures tied to the Dow Jones industrial average tumbled 641 points, or 2.5 percent, to 24,895.00 as of 7:08 a.m. after several US states reported spikes in COVID-19 infections and hospitalizations. Futures linked to the S&P …
