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Vaccine Hopes Rearrange
Market's Winners, Losers

MARKETS

Nov 10, 2020 3:49 PM CST

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...

Dow Jumps 834 Points Amid New Vaccine Hope

Markets 'Suddenly Have
Hope' After Vaccine News

MARKETS

Nov 9, 2020 4:10 PM CST

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

Nov 9, 2020 9:01 AM CST

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'

Nov 9, 2020 6:53 AM CST

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's Big Week
Fizzles at the End

MARKETS

Nov 6, 2020 3:06 PM CST

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

MARKETS

Nov 5, 2020 3:04 PM CST

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%,...

Wall St. Had 'Very Quick'
Reaction to Election

MARKETS

Nov 4, 2020 3:37 PM CST

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

MARKETS

Nov 3, 2020 3:49 PM CST

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 as Election Looms

MARKETS

Nov 2, 2020 3:55 PM CST

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
Week in Months

MARKETS

Oct 30, 2020 3:11 PM CDT

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

MARKETS

Oct 29, 2020 3:04 PM CDT

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

MARKETS

Oct 28, 2020 3:30 PM CDT

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's Losses
Mount for a Second Day

MARKETS

Oct 27, 2020 3:58 PM CDT

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....

Stocks Drop Sharply
Amid 'Perfect Storm'

MARKETS

Oct 26, 2020 4:08 PM CDT

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&...

Dow Fizzles as COVID
Relief Remains in Limbo

MARKETS

Oct 23, 2020 3:05 PM CDT

Dow Fizzles as COVID Relief Remains in Limbo

Index falls 28 points

(Newser) - The Dow ended the week on a down note, and a familiar reason is getting the blame: uncertainty over a COVID relief package in Congress. The index fell 28 points to 28,335, while the S&P 500 gained 11 points to 3,465, and the NASDAQ rose 42 points...

Earnings Reports
Provide a Lift

MARKETS

Oct 22, 2020 3:35 PM CDT

Earnings Reports Provide a Lift

Market welcomes Pelosi's confidence on stimulus bill

(Newser) - Stocks shook off a wobbly start Thursday and ended higher on Wall Street. The S&P 500 climbed 0.5%. Several earnings reports from big US companies came in better than analysts had expected, the AP reports, which helped put investors in a buying mood. Also, House Speaker Nancy Pelosi...

Netflix Stock Drops After
Weak Profit Report

MARKETS

Oct 21, 2020 3:35 PM CDT

Netflix Stock Drops After Weak Profit Report

It was a much better day for social media firms

(Newser) - Stocks closed lower on Wall Street Wednesday as negotiations continued to drag on in Washington over delivering more aid for the economy. The S&P 500 lost 0.2% Wednesday after spending much of the day wobbling between gains and losses. House Speaker Nancy Pelosi said she’s made progress...

Solid Earning Reports
Give Markets a Boost

MARKETS

Oct 20, 2020 4:02 PM CDT

Solid Earning Reports Give Markets a Boost

Netflix, however, had disappointing news

(Newser) - Stocks closed broadly higher Tuesday as Wall Street welcomed a batch of solid earnings reports from US companies. The S&P 500 gained 0.5%, recouping some of its loss from a day earlier. Technology, communication, and financial stocks powered most of the gains, while household goods makers fell, the...

With No Stimulus Likely,
Dow Drops 410 Points

MARKETS

Oct 19, 2020 4:09 PM CDT

With No Stimulus Likely, Dow Drops 410 Points

S&P 500 had its worst day in weeks

(Newser) - Stocks gave up some of their recent gains Monday as Wall Street's hopes that Washington will come through with badly needed aid for the economy before Election Day faded. The S&P 500 dropped 1.6%, its worst day in more than three weeks. The benchmark index had been...

A Retail Sales Streak
Gives the Dow a Lift

MARKETS

Oct 16, 2020 3:05 PM CDT

A Retail Sales Streak Gives the Dow a Lift

Index rises 112, but the S&P is flat

(Newser) - The Dow snapped its losing streak Friday thanks in part to stronger-than-expected retail sales numbers. The index rose 112 points to 28,606, while two other major indexes didn't fare as well. The S&P 500 ticked up less than a point to 3,483 and the Nasdaq dropped...