stock market

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Wall Street Hits the Brakes After Record High
Amazon's Latest Move
Hits Pharmacy Stocks Hard

MARKETS

Amazon's Latest Move Hits Pharmacy Stocks Hard

Wall Street retreats from record highs

(Newser) - Stocks took a pause on Tuesday from their big rally this month that vaulted them back to record heights. Treasury yields also dipped after a report showed US shoppers spent less at retailers last month than economists expected. The numbers underscore how the coronavirus pandemic is worsening and threatening to...

Dow Closes at Record High
Dow Closes at Record High
MARKETS

Dow Closes at Record High

It jumped 470 points after Moderna vaccine news

(Newser) - The Dow Jones Industrial Average closed at a record high Monday, erasing the last of its pandemic losses, after a second drug company announced encouraging progress on developing a coronavirus vaccine. The Dow jumped 470.63 points, or 1.6%, to 29,950.44. It surpassed its prior closing record...

Dow Sees a Jump After Vaccine News
Vaccine News Has
Dow Jumping Again

Vaccine News Has Dow Jumping Again

Index is up more than 300

(Newser) - The stock market rose last week when Pfizer reported good news about its COVID vaccine. This week is starting out in similar fashion in the wake of Moderna's hopeful vaccine announcement , reports CNBC . The Dow jumped about 350 points, or 1%, to more than 29,800 in the opening...

Market Ends Week the Way It Started
Market Ends Week
the Way It Started
MARKETS

Market Ends Week the Way It Started

Dow rises 399, with the week's positive vaccine news getting the credit

(Newser) - The stock market capped a strong week with a strong finish on Friday. The Dow rose 399 points, or 1.3%, to 29,479, while the S&P 500 rose 48 points, or 1.3%, to 3,585, and the Nasdaq rose 119 points, or 1%, to 11,829. Generally,...

Vaccine Euphoria Fades on Wall Street
Fed Chief's Comments
Put a Damper on Markets
MARKETS

Fed Chief's Comments Put a Damper on Markets

Dow drops 317 after Powell speaks of economic uncertainty

(Newser) - For the stock market this week, COVID giveth and COVID taketh away. After big surges because of great news on a potential vaccine , the market dropped on Thursday amid concerns about daily, six-figure increases in US cases, reports the Wall Street Journal. The Dow fell 317 points, or 1%, to...

Wall St. Rally Loses Steam
Wall St. Rally Loses Steam
MARKETS

Wall St. Rally Loses Steam

But tech stocks clawed back some losses

(Newser) - An early rally on Wall Street lost steam by the closing bell Wednesday, leaving major indexes mixed. The S&P 500 rose 0.8%, thanks largely to gains in big technology companies. The Nasdaq rose 2% to 11,786.43, and the Dow Jones industrials edged down 0.1%, or...

Vaccine Hopes Rearrange Market's Winners, Losers

S&P dipped 0.1%; Dow rose 263 points

(Newser) - Stocks downshifted on Tuesday, a day after their powerful worldwide rally, but optimism remained high that the global economy may still be headed for a return to normal. It was the second straight day that rising hopes for a COVID-19 vaccine pushed investors to reorder which stocks they see winning...

Markets 'Suddenly Have Hope' After Vaccine News

Dow Jones surged 834 points

(Newser) - Brimming hopes that people will again return to office buildings, shopping centers, and normal life sent markets rallying worldwide on Monday, following encouraging data about a potential coronavirus vaccine. The S&P 500 rose 41.06, or 1.2%, to 3,550.50 after Pfizer said an early peek at...

Dow Smashes Record, but Zoom Is Hurting

All this after Pfizer reported hopeful news on a vaccine

(Newser) - The futures traders were right : The Dow came out of the gate on fire Monday, soaring more than 1,500 points at the open to an all-time high, reports CNBC . The great start comes after Pfizer announced that its COVID vaccine looks to be 90% effective in early results. At...

Vaccine News Has Markets Going 'Bananas'

Dow is poised to jump 5% after Pfizer announcement

(Newser) - The stock market had been poised for a decent jump on Monday, with Dow futures up 400 points in the early morning. Then came Pfizer's big news that its vaccine in late-stage trials appears to be 90% effective in preventing COVID infections. That sent futures absolutely soaring, and the...

Wall Street&#39;s Big Week Fizzles at the End
Wall Street's Big Week
Fizzles at the End
MARKETS

Wall Street's Big Week Fizzles at the End

Dow falls 66 points

(Newser) - Wall Street's strong week ended on a flat note Friday, per the AP . The Dow fell 66 points to 28,323, the S&P 500 dropped a single point to 3,509, and the Nasdaq inched up 4 points to 11,895. Despite the not-so-great day, optimism was still...

Wall Street Still Unfazed About Undecided Race
Wall Street Still Unfazed
About Undecided Race
MARKETS

Wall Street Still Unfazed About Undecided Race

Dow rises 542 points

(Newser) - Wall Street does not seem at all concerned that the US still doesn't know who will serve as its next president. The post-election rally continued on Thursday, with the Dow rising 542 points, or 1.9%, to 28,390. The benchmark S&P rose 67 points, or 1.9%,...

Markets Rally Despite Election Limbo
Wall St. Had 'Very Quick'
Reaction to Election
MARKETS

Wall St. Had 'Very Quick' Reaction to Election

Stocks rallied despite unclear results

(Newser) - Stocks rallied on Wall Street Wednesday, sending the S&P 500 index up 2.2%, as investors embraced the upside of more gridlock in Washington. Technology stocks, which have proved impervious to the damage inflicted on other industries by the coronavirus pandemic, led the way higher, the AP reports. The...

Dow Up 555 Points as Clarity Approaches
Dow Up 555 Points
as Clarity Approaches
MARKETS

Dow Up 555 Points as Clarity Approaches

'The markets are neither red nor blue'

(Newser) - Wall Street posted solid gains on Election Day, with sharp rises in morning trading , sending the S&P 500 up 1.8%. More than anything, what investors hope for is a clear winner to emerge relatively soon from the election, the AP reports. Whether that’s President Trump or Joe...

Stocks Rally Ahead of Turbulent Week
Stocks Rally as Election Looms
MARKETS

Stocks Rally as Election Looms

Dow was up more than 400 points

(Newser) - Stocks notched broad gains on Wall Street Monday as investors looked ahead to Election Day and the potential for a turbulent stretch for markets. The S&P 500 climbed 1.2%, recouping some of its losses from a sharp sell-off last week, as more companies reported stronger profits for the...

Wall Street Has Worst Month Since March
Wall Street Has Worst
Week in Months
MARKETS

Wall Street Has Worst Week in Months

Dow falls another 157

(Newser) - A lousy week on Wall Street ended in downbeat fashion on Friday. The Dow fell 157 points, or 0.5%, to 26,501; the S&P 500 fell 40 points, or 1.2%, to 3,269; and the Nasdaq fell 274 points, or 2.4%, to 10,911. All in...

After Awful Wednesday, Wall Street in Better Mood

Dow rises 139 points

(Newser) - Wednesday's Wall Street plunge did not bleed into Thursday. The Dow rose 139 points, or 0.5%, to 26,659; the S&P 500 rose 39 points, or 1.2%, to 3,310; and the Nasdaq rose 180 points, or 1.6%, to 11,185. Economic reports showing a...

Dow Just Had Its Worst Day Since June
Dow Just Had Its
Worst Day Since June
MARKETS

Dow Just Had Its Worst Day Since June

Markets plunge worldwide amid pandemic fears

(Newser) - The Dow Jones Industrial Average dropped 943 points Wednesday as surging coronvirus cases in the US and Europe threaten more business shutdowns and pain for the economy. The S&P 500 dropped 3.5%, its third straight loss. The index has now given up 5.6% so far this week...

Wall Street&#39;s Losses Mount for a Second Day
Wall Street's Losses
Mount for a Second Day
MARKETS

Wall Street's Losses Mount for a Second Day

Dow dropped 222 points

(Newser) - Wall Street's losses mounted for the second straight day Tuesday as momentum slowed on worries about rising virus counts and Washington's inability to deliver more aid to the economy. The S&P 500 fell 0.3% after spending much of the day swinging between small gains and losses....

Dow Drops 650 Points as Virus Cases Surge
Stocks Drop Sharply
Amid 'Perfect Storm'
MARKETS

Stocks Drop Sharply Amid 'Perfect Storm'

Dow drops 650 points as virus cases surge

(Newser) - Stocks fell sharply Monday, deepening last week's losses, as a troubling increase in coronavirus counts put investors in a selling mood. The skid came as doubts mount on Wall Street that Washington will come through with more stimulus for the economy before Election Day, the AP reports. The S&...

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