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US stocks sank Monday as growing fears about a second wave of the coronavirus rattled Wall Street. The Dow Jones industrial average tumbled 762.34 points, or 2.9 percent, to 24,843.20 in early trading after several US states reported spikes in COVID-19 infections and hospitalizations. The S&P 500 index dropped as much as 2.4 percent, while the Nasdaq posted …
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George Floyd’s 6-year-old daughter is Disney’s newest stockholder, thanks to a generous gift from singer Barbra Streisand. Gianna Floyd thanked Streisand on her Instagram account on Saturday, and posted a series of photos displaying the Disney letter and certificate she received in the mail from the 10-time Grammy award winner. “Thank You @barbrastreisand for my …
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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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Car rental giant Hertz has filed for bankruptcy because it doesn’t have enough money to pay its debts — and its stock is soaring. Welcome to the coronavirus stock market, where mom-and-pop day traders addicted to free trading apps are taking control. The bankrupt car-rental company announced plans to sell up to $1 billion in …
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The cut-throat food-delivery business is turning into a gladiator fight. Wall Street cheered the acquisition of Grubhub by Dutch-based delivery giant Just Eat Takeaway.com on Thursday, sending Grubhub’s shares up by 4.7 percent while pushing shares of Grubhub’s former suitor, Uber, down 11 percent. Uber, which owns UberEats, had been in talks to buy Grubhub …
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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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Media magnate Barry Diller says his companies will end the “absurd” practice of giving earnings guidance to shareholders. The billionaire chairman of IAC and Expedia said firms are wasting the time they spend setting targets for their financial performance. The coronavirus pandemic has already led many companies to withdraw their guidance because of the economic …
US stocks sank Monday as growing fears about a second wave of the coronavirus rattled Wall Street. The Dow Jones industrial average tumbled 762.34 points, or 2.9 percent, to 24,843.20 in early trading after several US states reported spikes in COVID-19 infections and hospitalizations. The S&P 500 index dropped as much as 2.4 percent, while the Nasdaq posted …
