nasdaq

The mystery player behind the unprecedented summer-long rally in tech stocks appears to be the colorful billionaire CEO of Japanese conglomerate Softbank. Masayoshi Son, known for making big plays in tech giants like Alibaba and Uber, has spent billions of dollars buying options on individual tech stocks starting in the spring, according to multiple reports …

Technology stocks took a tumble on Wall Street Thursday, giving back some of their spectacular gains over the past several months and dragging the rest of the market down with them. The S&P 500 was down 3.4 percent as of 11:20 a.m. Eastern time, and the tech-heavy Nasdaq fell 4.8 percent. Both indexes had set …

Shares of German biotechnology firm CureVac nearly tripled in their Nasdaq debut Friday, marking the first stock market debut of a company developing a potential vaccine to combat the novel coronavirus. The stock opened at $44 per share, up from the initial public offering price of $16 per share. CureVac, backed by Microsoft founder and …

Wall Street’s major indexes dropped on Friday as the US set a new record for a one-day increase in coronavirus cases and bank stocks tumbled after the Federal Reserve decided to cap shareholder payouts. The S&P 500 banks sub-index declined 5 percent after the Fed limited dividend payments and barred share repurchases until at least …

The Dow dropped 700 points on Wednesday amid growing fears that the sudden spikes in COVID-19 cases could delay the economy from rebounding as quickly as some had hoped. The Dow Jones industrial average index of blue-chip stocks ended the day down 710.16 points, or 2.7 percent, to 25445.94, while the S&P 500 fared only …

Wall Street’s major indexes fell on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic. Washington state made face masks mandatory in public places, while many other US states saw record cases, including Arizona and Texas, where restrictions meant to slow …

US stocks staged a dramatic recovery Monday when Federal Reserve Chairman Jerome Powell swooped in with yet another program to help buffer investors from the impact of the coronavirus. The Dow Jones industrial average tumbled as much as 762.36 points, or 2.9 percent, to 24,843.18, after several US states reported spikes in COVID-19 infections and …

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 …

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 …

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 …