• Stock market boost from Biden win would likely fade, experts say

    Stock market boost from Biden win would likely fade, experts say

    Don’t expect a Biden bump to become a Biden boom. While a Democratic victory in Tuesday’s presidential election could give stocks a temporary boost, market strategists say Wall Street will likely
  • Stocks bounce as Wall Street braces for Election Day

    Stocks bounce as Wall Street braces for Election Day

    US stocks were set to rebound from a week of deep losses on Monday as investors prepared for Tuesday’s contentious presidential election. Futures contracts tied to the Dow Jones industrial
  • Stocks drop as COVID-19 fears lead to Wall Street’s worst week in months

    Stocks drop as COVID-19 fears lead to Wall Street’s worst week in months

    US stocks tumbled again Friday as renewed fears about the coronavirus pandemic put Wall Street on pace for its worst week in months. The Dow Jones industrial average sank as much as 127.87 points, or
  • Stocks climb as strong economic data follows COVID-19 selloff

    Stocks climb as strong economic data follows COVID-19 selloff

    US stocks posted tentative gains Thursday as strong economic data helped Wall Street recover from its coronavirus-fueled selloff.The Dow Jones industrial average climbed as much as 89.19 points, or
  • NYSE may move trading systems from NJ over stock trade taxes

    NYSE may move trading systems from NJ over stock trade taxes

    The New York Stock Exchange has indicated that it will move its electronic trading systems out of New Jersey if the state implements a proposed tax on financial transactions, according to an internal memo seen by Reuters. The NYSE plans to announce that it will run one of its exchanges from a backup site in …
  • Wall Street could empty out post-COVID-19 pandemic

    Wall Street could empty out post-COVID-19 pandemic

    Wall Street could soon become a home office and a computer. The big brokerage firms and banks that are headquartered in New York City aren’t going to admit this publicly, at least not yet. With the COVID pandemic waning here in the Big Apple, banks have announced that their return-to-work plans will begin roughly after …
  • Tech tycoons lose $44 billion to one-day stock market rout

    Tech tycoons lose $44 billion to one-day stock market rout

    The world’s top tech tycoons lost nearly $44 billion in wealth Thursday as the stock market suffered its worst day in months. The massive losses for the industry’s 10 richest people followed a dizzying rally in tech stocks that helped the Nasdaq index hit an all-time high this week even though the coronavirus pandemic has …
  • Dow plunges 700 points, Nasdaq drops 5 percent as tech stocks stumble

    Dow plunges 700 points, Nasdaq drops 5 percent as tech stocks stumble

    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 …
  • Apple becomes first US company to reach $2 trillion valuation

    Apple becomes first US company to reach $2 trillion valuation

    Apple became the US’s first $2 trillion company on Tuesday — almost two years to the day after it became the first company in the world to reach the $1 trillion mark. The iPhone maker reached the latest milestone when its stock crossed the $467.77 mark just before 11 a.m. Tuesday. The company has 4,275,634,000 …
  • S&P 500 hits all-time high despite COVID-19 devastation

    S&P 500 hits all-time high despite COVID-19 devastation

    The S&P 500 hit a fresh all-time high Tuesday as the US stock market continued its dizzying rally in spite of the coronavirus pandemic and the economic crisis it has caused. The benchmark index climbed about 0.3 percent to a peak of 3,394.02 in early trading, surpassing the previous intraday record of 3,393.52 reached on Feb. …