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S&P 500 Finishes 4 Points Below Record High

MARKETS

Aug 17, 2020 4:21 PM CDT

S&P Just 4 Points Below All-Time High

'It seems like a nothing day until you realize we’re sitting right on an all-time high'

(Newser) - Stocks closed with modest gains on Wall Street, leaving the S&P 500 just shy of its record high. The benchmark index climbed 0.3% Monday, leaving it just four points below its record high close of 3,386.15. That record was set on Feb. 19, before the coronavirus...

Market Remains in a 'Pause'

MARKETS

Aug 14, 2020 3:07 PM CDT

Market Remains in a 'Pause'

Dow is up, while S&P remains shy of record

(Newser) - Wall Street ended the week with a blah day, and listless trading left the S&P 500 just shy of its record once again. The S&P fell about half a point to 3,372, the Dow rose 34 points to 27,931, and the Nasdaq fell 23 points to...

S&P Briefly Reaches
Record Territory

MARKETS

Aug 13, 2020 3:10 PM CDT

S&P Briefly Reaches Record Territory

Index surpasses all-time high closing mark, but ends up lower at the closing bell

(Newser) - The stock market had a relatively flat day on Thursday, though the S&P 500 briefly rose above its all-time record closing before ending the day lower, reports the AP . The benchmark S&P fell 6 points to 3,373, the Dow fell 79 points to 27,896, and the...

S&P 500 Breaks
All-Time Closing High

MARKETS

Aug 12, 2020 4:05 PM CDT

S&P 500 Breaks All-Time Closing High

'Economic data is coming in much better than expected'

(Newser) - Stocks marched broadly higher on Wall Street Wednesday, briefly nudging the S&P 500 above its all-time closing high set in February, before the coronavirus pandemic led to a historic market plunge. The benchmark index notched a 1.4% gain, its eighth in nine days. It ended within 0.2%...

Wall Street Hits the Brakes

MARKETS

Aug 11, 2020 4:34 PM CDT

Wall Street Hits the Brakes

S&P 500's 7-day winning streak is over

(Newser) - Wall Street pumped the brakes on its recent rally Tuesday, as a late slide in big technology companies left stocks broadly lower, erasing an early gain. The reversal left the S&P 500 with a 0.8% loss after having been up 0.6% earlier. The decline in big-name technology...

Markets Start
Week With a Roar

MARKETS

Aug 10, 2020 3:49 PM CDT

Markets Start Week With a Roar

S&P 500 now within 1% of all-time high

(Newser) - Stocks closed mostly higher Monday, nudging the S&P 500 within striking distance of its all-time high set in February. The S&P 500 rose 0.3% after wavering between small gains and losses in the early going. The benchmark index is now within 1% of its February record high....

A Winning Streak
on Wall Street Survives

MARKETS

Aug 7, 2020 3:10 PM CDT

A Winning Streak on Wall Street Survives

S&P squeaks out a gain for the 6th straight day

(Newser) - The S&P 500 now has a six-day winning streak going, barely. The benchmark index rose all of 2 points Friday to 3,351, while the Dow gained 47 points to 27,433, and the Nasdaq fell 97 points to 11,010. The mixed day came after the July jobs...

Jobs News Gives
the Market a Lift

MARKETS

Aug 6, 2020 3:08 PM CDT

Jobs News Gives the Market a Lift

Dow rises 185

(Newser) - A new report on jobless claims Thursday showed that a staggering 1.2 million people applied for benefits last week. But in the age of the coronavirus, that actually qualifies as decent news because the figure is down from 1.4 million the previous week, notes the AP . Largely because...

Stocks Tread Water as
Congress Discusses Relief

MARKETS

Aug 4, 2020 3:46 PM CDT

Stocks Tread Water as Congress Discusses Relief

Earnings reports were a very mixed bag

(Newser) - Stocks ended another bumpy day on Wall Street with modest gains. The benchmark S&P 500 index climbed 0.4% Tuesday after being down as much as 0.3% earlier in the day. A mixed batch of corporate earnings news and scant progress in Congress on a new package of...

S&P 500 Is
Closing in
on Record

MARKETS

Aug 3, 2020 3:54 PM CDT

S&P 500 Is Closing in on Record

Dow up 236 points

(Newser) - Stocks closed broadly higher on Wall Street and around the world Monday following several encouraging reports on the economy. The S&P 500 added another 0.7% onto its four-month winning streak. The benchmark index is now back within 3% of the record high it set in February. Big Tech...

Late Rally Lifts
Wall Street to Gains

MARKETS

Jul 31, 2020 3:24 PM CDT

Late Rally Lifts Wall Street to Gains

Dow rises 114, and Big Tech has strong day

(Newser) - Wall Street wrapped up its fourth straight winning month on Friday thanks to a late rally, the AP reports. The Dow, which struggled much of the day, rose 114 points to 26,428, the S&P 500 rose 24 points to 3,271, and the tech-dominated Nasdaq rose 157 points...

Harsh Reality of GDP
Weighs Down Stocks

MARKETS

Jul 30, 2020 3:10 PM CDT

Harsh Reality of GDP Weighs Down Stocks

Dow falls 225

(Newser) - On a day when the latest GDP report registered an astonishing 33% drop in the second quarter, you can't expect the stock market to do anything but drop, too. And that's mostly what happened: The Dow fell 225 points to 26,313 and the S&P 500 fell...

Stocks Continue Climb
After Latest News from Fed

MARKETS

Jul 29, 2020 3:40 PM CDT

Stocks Continue Climb After Latest News from Fed

Eastman Kodak surges 318%

(Newser) - Stocks closed broadly higher on Wall Street after the Federal Reserve said it will keep the accelerator floored on its aid for the economy. The S&P 500 climbed 1.2% Wednesday, its best day in two weeks. Treasury yields held steady and gold reached another record high. The Fed...

Markets Slump After
Weak Earnings Reports

MARKETS

Jul 28, 2020 3:48 PM CDT

Markets Slump After Weak Earnings Reports

McDonald's, 3M reported disappointing results

(Newser) - A late slump left stocks broadly lower on Wall Street Tuesday, while cautious investors continued to push money into gold and Treasurys, leaving gold at another record high. Weak earnings from several big US companies also dampened the mood. The S&P 500 gave up 0.6% after falling steadily...

'If There Ever Was a
Week to Pay Attention,
This Is Likely the One'

MARKETS

Jul 27, 2020 3:38 PM CDT

'If There Ever Was a Week to Pay Attention, This Is Likely the One'

Rally resumes ahead of 2-day Fed meeting

(Newser) - Wall Street’s rally got back on track Monday, while gold rushed to a record at the start of a week packed with potentially market-moving events. The S&P 500 rose 0.7% to more than recover all its losses from last week, as Apple and other tech giants returned...

This Time, COVID Not Sole
Reason for Market's Fall

MARKETS

Jul 24, 2020 3:10 PM CDT

This Time, COVID Not Sole Reason for Market's Fall

Investors worried about new tensions with China

(Newser) - Wall Street ended the week with losses, though rising coronavirus cases were not the only thing weighing on investors' minds. Renewed tension with China also played a role in Friday's in-the-red trading, reports the Wall Street Journal . The Dow fell 182 points to 26,469, the S&P 500...

Dow Has a Rough Day
After Jobless Numbers

MARKETS

Jul 23, 2020 3:16 PM CDT

Dow Has a Rough Day After Jobless Numbers

Index falls 353 points

(Newser) - A not-so-great report on unemployment led to a not-so-great day on Wall Street. The Dow fell 353 points, 1.3%, to 26,652; the S&P 500 fell 40 points, 1.2%, to 3,235; and the Nasdaq fell 244 points, 2.2%, to 10,461. The Nasdaq is tech-heavy,...

Stimulus Hopes Give
Markets a Boost

MARKETS

Jul 21, 2020 4:02 PM CDT

Stimulus Hopes Give Markets a Boost

Indexes closed higher despite ate stumble

(Newser) - Stocks closed mostly higher on Wall Street Tuesday despite a late stumble that nearly wiped out the market’s gains for the day. The S&P 500 added 0.2%, after having been up as much as 0.8% earlier. Banks and energy companies led the gains, outweighing losses in...

Tech Stocks Lead
Wall Street to Gains

MARKETS

Jul 20, 2020 3:17 PM CDT

Tech Stocks Lead Wall Street to Gains

Good news on a vaccine candidate also helps

(Newser) - A strong day for tech companies and hope on the coronavirus vaccine front to led to gains Monday on Wall Street. The tech-heavy Nasdaq rose 263 points, or 2.5%, to 10,767, while the benchmark S&P 500 rose 27 points to 3,251, and the Dow eked out...

S&P Has Another Weekly
Gain on 'Muted' Day

MARKETS

Jul 17, 2020 3:06 PM CDT

S&P Has Another Weekly Gain on 'Muted' Day

But the Dow fell 62 points

(Newser) - "Muted" and "meandering" are two words used by the AP to describe Friday's stock market trading. And when all was said and done, the major indexes saw mixed results: The Dow fell 62 points to 26,671, the S&P 500 ticked up 9 points to 3,...