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markets

Mar 25, 2020 3:15 PM CDT

Afternoon Rally Fizzles on CNBC Report

But stocks closed higher overall

(Newser) - Stocks are closing higher on Wall Street Wednesday but gave up much of an afternoon rally after CNBC reported that a dispute between Sen. Bernie Sanders and Republicans over unemployment aid could cause the coronavirus aid bill to be delayed, the AP reports. The S&P 500 rose 1.2%...

Market Opens Quietly,
Then a Surge

Mar 25, 2020 8:42 AM CDT

Market Opens Quietly, Then a Surge

S&P, Nasdaq lag behind Dow after $2T relief deal reached

(Newser) - A day after its biggest ever single-day gain and hours after a $2 trillion economic relief bill , MarketWatch reports that the Dow Jones opened relatively quietly, rising 241 points out of the gate, or about 1.2%. The Dow then picked up steam, picking up a total of about 685...

Dow Sees Biggest-Ever
One-Day Point Gain

MARKETS

Mar 24, 2020 3:00 PM CDT

Dow Sees Biggest-Ever One-Day Point Gain

Surges more than 2K points

(Newser) - The Dow Jones industrial average ended the day up nearly 2,113 points, its biggest-ever one day point gain, per the AP . The 11% surge came as Congress moved closer to passing a coronavirus aid package. Per Marketwatch , the S&P 500 ended the day up nearly 210 points, or...

Dow Surges More Than 1,200 Points at Open

Dow Takes a Big Bounce
at Opening Bell

MARKETS

Mar 24, 2020 8:40 AM CDT

Dow Takes a Big Bounce at Opening Bell

Investors happy stimulus deal is near

(Newser) - It's a rare bit of good news for the markets: The Dow jumped more than 1,200 points, or 6%, at the open on Tuesday, and the S&P 500 rose by a similar percentage. Markets in Asia and Europe also were up. The Wall Street Journal chalks it...

Even With Fed Aid,
Stocks Slump Once Again

MARKETS

Mar 23, 2020 3:16 PM CDT

Even With Fed Aid, Stocks Slump Once Again

Dow closes down 3%

(Newser) - Stocks are ending another bumpy day broadly lower on Wall Street as investors wait to see if Democrats and Republicans can settle their differences on an economic rescue package. Major indexes ended down about 3% Monday, having been down as much as 5%. Marketwatch reports the Dow closed down 582...

Dow Begins the Day
in the Red After All

MARKETS

Mar 23, 2020 9:01 AM CDT

Dow Begins the Day in the Red After All

Index drops 500 points in the opening minutes

(Newser) - For an example of how coronavirus is upending the markets, look no further than Monday's Dow futures trading. First, they were down a lot overnight. Then they were up a lot just an hour before the opening bell, thanks to aggressive new Fed action taken to goose the markets....

Fed Action Reverses
Slide of Dow Futures

updated

Mar 23, 2020 7:44 AM CDT

Fed Action Reverses Slide of Dow Futures

Dow is poised to begin the day with a jump

(Newser) - All morning, Dow futures pointed to a miserable start at the opening bell. But the Federal Reserve just reversed that with what the Wall Street Journal calls a "major expansion of lending programs." Instead of diving 600 points, the Dow is projected to jump about 400 points or...

Dow Nosedives as Markets
Have Worst Week Since 2008

Mar 20, 2020 3:04 PM CDT

Dow Nosedives as Markets Have Worst Week Since 2008

Index falls more than 900 points

(Newser) - Hopes of two straight days of gains on Wall Street disintegrated Friday afternoon. Despite a decent start, the Dow turned negative and stayed that way, dropping more than 900 points, or 4.5%. The S&P 500 dropped a similar percentage as the markets had their worst week since the...

'Semblance of Calm':
Dow Sees Early Gains

UPDATED

Mar 20, 2020 8:59 AM CDT

'Semblance of Calm': Dow Sees Early Gains

Investors hoping for 2 straight days in the black

(Newser) - Two consecutive days of a rising market? It's at least a possibility, based on the early going. After Thursday's 188-point rise by the Dow, the index opened 300 points higher, reports CNBC . However, in the first 30 minutes, those gains had diminished. Around 10am ET, the Dow was...

Stocks Actually Close Higher

MARKETS

Mar 19, 2020 3:10 PM CDT

Stocks Actually Close Higher

After a bumpy but less frenetic day on Wall Street

(Newser) - Stocks are closing with solid gains on Wall Street Thursday after shaking off a rocky start, the AP reports. The trading was still bumpy but nothing like the wild swings seen in recent weeks. The Dow Jones industrials gained 188 points, or 1%. The S&P 500 was up 11...

Dow Is Off to
Another Rough Start

UPDATED

Mar 19, 2020 8:40 AM CDT

Dow Is Off to Another Rough Start

Slides 650-plus points despite stimulus efforts

(Newser) - On Wednesday, the Dow closed below 20,000 for the first time since 2017. On Thursday, it showed no signs of being able to regain that threshold, per CNBC . The Dow dropped more than 650 points in the opening minutes, or nearly 3.5%. The S&P 500 dropped about...

New York Stock Exchange
Closing Trading Floor

updated

Mar 18, 2020 4:44 PM CDT

New York Stock Exchange Closing Trading Floor

Trading will go all-electronic starting Monday

(Newser) - Stocks are closing sharply lower as fears of a prolonged coronavirus-induced recession take hold. The Dow industrials lost 1,338 points, or 6.3%, ending the day below the 20K mark at 19,898 . After a brutal few weeks, the Dow has now lost nearly all of its gains since...

Sadly Familiar Wall Street
News: Trading Is Halted

Mar 18, 2020 12:21 PM CDT

Sadly Familiar Wall Street News: Trading Is Halted

It's the fourth time in 2 weeks

(Newser) - Wall Street had a depressingly familiar turn of events Wednesday afternoon: Stocks fell so fast they had to halt trading. That would be the fourth time in two weeks, notes the Washington Post . The automatic 15-halt came about 1pm ET when the S&5 500 fell 7%, reports the Wall ...

Dow Plummets Below
20K at the Open

updated

Mar 18, 2020 8:36 AM CDT

Dow Plummets Below 20K at the Open

Open down 6%

(Newser) - The Dow closed up about 1,000 points on Tuesday, but all of that gain was erased at the open Wednesday. The Dow opened down nearly 1,300 points, or about 6%. The S&P 500 and Nasdaq were in the same ballpark, both down about 5.5% at the...

Stocks Jump
After Trump Promise

MARKETS

Mar 17, 2020 3:00 PM CDT

Stocks Jump After Trump Promise

Dow ends day up 1,049

(Newser) - Stocks are closing solidly higher after President Trump promised he's “going big” with plans to blunt the economic pain caused by the coronavirus outbreak, the AP reports. The market got back not quite half of what it lost in a breathtaking drop a day earlier, which was the...

Dow Begins the Day
With More Swings

UPDATED

Mar 17, 2020 9:01 AM CDT

Dow Begins the Day With More Swings

Dow briefly rises more than 500, though it quickly gave it all away

(Newser) - The Dow got off to a wild start Tuesday, and investors might have to brace for that kind of pattern in the near future. The index rose more than 500 points at the open, then gave away all those gains and then some. It's been popping back and forth...

Dow Falls Nearly 3K
as Virus News Worsens

Mar 16, 2020 3:04 PM CDT

Dow Falls Nearly 3K as Virus News Worsens

That's a drop of 13%

(Newser) - The stock market started out in a freefall Monday and never recovered. The Dow fell 2,997 points, nearly 13%, while the S&P 500 and the Nasdaq fell by about 12%. The Dow is now at 20,188 and on a trajectory to fall below 20,000. The S&...

Stocks Crater, Immediately
Forcing a Halt in Trading

Mar 16, 2020 8:36 AM CDT

Stocks Crater, Immediately Forcing a Halt in Trading

Dow falls more than 2.2K points

(Newser) - Friday's huge surge by the stock market was a distant memory by Monday's opening bell. The stock market cratered in the opening minutes, with the Dow falling more than 2,200 points, or nearly 10%, on coronavirus worries. The benchmark S&P 500 fell by 8% before trading...

After Fed Cut, Stock Futures
Fall as Far as They Can Go

Mar 16, 2020 6:47 AM CDT

After Fed Cut, Stock Futures Fall as Far as They Can Go

Fed's 'monetary bazooka' has misfired

(Newser) - Investors appear to have viewed the Federal Reserve's big interest rate cut as desperate, not bold. After the Fed announced Sunday that the rate was being cut to almost zero, futures on the S&P 500 and Dow Jones plunged 5%, triggering the "limit down" to halt further...

Mnuchin: No Recession Coming

Mar 15, 2020 10:10 AM CDT

Mnuchin: No Recession Coming

A 'big rebound' is possible later in the year, Treasury secretary says

(Newser) - The US economy will slow during the pandemic, Treasury Secretary Steven Mnuchin said Sunday, but it won't tank. "The real issue is not the economic situation today," he said on ABC 's This Week. Mnuchin, a member of the Trump administration's coronavirus task force, added:...