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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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Zoominfo Technologies is looking to price its initial public offering on Wednesday above its upwardly revised target range in what is set to be the largest US technology listing so far this year, people familiar with the matter said. A B2B data-seller, Zoominfo — not to be confused with Zoom Video Communications, the firm that …
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US stocks rebounded Monday as Wall Street cautiously bet on an economic recovery despite mounting unrest over police brutality and continued tensions with China. The Dow Jones industrial average rose as much as 93.12 points, or 0.3 percent, to 25,476.23, after shedding 0.5 percent at the open. The S&P 500 and the Nasdaq similarly clawed …
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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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The US has its eye on Chinese companies listed on American stock exchanges amid an escalating trade dispute with Beijing, President Donald Trump said. The feds are “looking at” the idea of forcing Chinese firms to follow US accounting rules if they want to trade on the New York Stock Exchange or Nasdaq markets, Trump …
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The S&P 500 and Dow Jones Industrials gave back some of last week’s gains on Monday, as investors worried about the possibility of a second wave of coronavirus infections with the reopening of several economies. Germany and South Korea reported a surge in new COVID-19 cases on Sunday, in an ominous sign for all countries …
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US stocks rallied Wednesday as the apparent success of an experimental coronavirus treatment boosted Wall Street’s hopes for an end to the crisis. The Dow Jones industrial average surged as much as 547.64 points, or 2.2 percent, to 24,649.19, after Gilead Sciences said it was aware of “promising data” from a government-backed study of remdesivir, …
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The Feds on Thursday clamped down on trading in shares of an obscure, China-based company called Zoom Technologies, concerned that investors have been confusing it with the teleconferencing giant whose stock has surged amid the coronavirus crisis. The Securities and Exchange Commission said it suspended trading on the Chinese firm until April 9 because of …
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 …
