Tag Archives: Dow Jones

Axios reports: Michael Bloomberg, the billionaire businessman and media mogul, is interested in acquiring either Wall Street Journal parent company Dow Jones or The Washington Post, a source familiar with his thinking told Axios. Bloomberg wants to expand his media empire and sees Dow Jones as his ideal fit, but he would buy the Post if Jeff Bezos were interested …

CNBC reports: U.S. stocks dropped sharply on Friday as a new Covid variant found in South Africa triggered a global shift away from risk assets. The Dow Jones Industrial Average dropped 1000 points, or 2.8%, for its worst day of the year, while the S&P 500 and Nasdaq Composite slid 2.3% and 2.2%, respectively. Friday is a shortened trading day …

CNN Business reports: Investors have a lot to be thankful for this holiday-shortened week — including the Dow passing the 30,000 milestone for the first time as stocks posted solid gains Tuesday to extend Monday’s rally. The Dow was up more than 400 points, or 1.4%, in late morning trading. The blue chip index hit a new all-time high in …

CNBC reports: The Dow Jones Industrial Average plunged more than 1,800 points on Thursday and was on pace for its worst day since the March sell-off as coronavirus cases increased in some states that are reopening up from lockdowns. Shares that have surged recently on hopes for a smooth reopening of the economy led the declines. The 30-stock Dow traded …

The Washington Post reports: Wall Street concluded one of its worst-ever starts to a year on Tuesday with markets staggering under trillions in losses from an economy paralyzed by the coronavirus. The Dow Jones industrial average plunged more 400 points, or roughly 1.9 percent, for the worst first-quarter finish of its 135-year history. The virus has killed thousands across the …

ABC News reports: U.S. equity markets registered the strongest one-day rebound in history on Tuesday amid investor optimism that members of Congress will overcome their differences to reach a deal on a nearly $2 trillion COVID-19 stimulus package. In the final hour of trading, gains picked up steam giving the Dow Jones Industrial Average a 2,112 point gain, the biggest …

Bloomberg News reports: U.S. stocks started the week down as investors saw little progress on a congressional spending package to blunt the fallout from the coronavirus pandemic. Measures of corporate credit risk eased after the Federal Reserve announced a massive second wave of initiatives to support a shuttered American economy. The S&P 500 closed lower, despite a late-session surge, after …

CNBC reports: Stocks attempted to rally on Friday, but failed, concluding one of the most volatile weeks on Wall Street ever as investors grapple with mounting fears over the coronavirus’ economic blow. The Dow Jones Industrial Average closed 913 points lower, or more than 4%, after rallying more than 400 points earlier in the day. The S&P 500 slid 4.4%. …

The Hill reports: The Dow Jones Industrial Average on Wednesday erased all the gains it had made since President Trump took office amid the ongoing economic fallout from the coronavirus epidemic. The morning of Trump’s inauguration, the stock index opened at 19,795 and closed at 19,827. At its lowest point on Wednesday, it fell to 19,700. The S&P 500, widely …

NBC News reports: Stock markets surged on Tuesday, after the government doubled down on its economic response to the coronavirus outbreak, ramping up financial assistance for affected businesses, and floating a $1 trillion stimulus package that includes putting cash in the hands of Americans. The Dow Jones Industrial Average ended the day with a gain of around 1,000 points, bouncing …

Investor’s Business Daily reports: Stocks crashed at the open to trigger a circuit breaker, halting trade for 15 minutes, following the Fed’s emergency rate cut over the weekend. The central bank slashed rates to essentially zero and announced a $700 billion quantitative easing program. But instead of spurring stock purchases, the Dow Jones index plunged more than 2,700 points before …

Yahoo Finance reports: As of Monday morning, the S&P 500 opened more than 8% lower, immediately triggering a 15-minute trading halt launched when an index fall more than 7% from the prior session’s close. The so-called “circuit breaker” is intended to prevent further immediate losses. During the overnight session, futures for each index were pinned to their “limit-down” levels established …

Investor’s Business Daily reports: The Dow Jones Industrial Average pared a 2,000+ point intraday loss by half after the Federal Reserve announced additional stimulus measures to combat a spreading coronavirus outbreak in the U.S. But it didn’t take long for sellers to come back into the stock market. On the NYSE, declining stocks swamped advancers by more than 35-to-1. Nasdaq …

NBC News reports: The Dow Jones Industrial Average fell by 1,700 points Thursday morning after President Donald Trump’s long-awaited response to the coronavirus epidemic triggered a massive sell-off on Wall Street. All three major averages sank after Trump’s Oval Office address Wednesday night failed to satisfy traders who were hoping for more concrete steps to staunch any economic slowdown from …

Investor’s Daily reports: The Dow Jones Industrial Average dropped more than 5.2% to retrace all of Tuesday’s rebound and more in the stock market today. At the day’s low of 23,606, the Dow industrials also fell 20.2% below its 29,568 peak to meet the textbook definition of a bear market-level decline. Among the biggest losers on the 30-stock Dow industrials, …

The Associated Press reports: Coronavirus fears and a crash in oil prices sent a shudder through financial markets Monday, with stocks plummeting so fast on Wall Street that they triggered the first automatic halt in trading in over two decades. The Dow Jones Industrial Average plunged more than 2,000 points at one point during the day, or nearly 8 percent, …

USA Today reports: U.S. stock futures and bond yields tumbled Monday, extending a global rout after a sharp drop in crude prices intensified concerns about a global recession. Dow futures tumbled 1,255 points while Standard & Poor’s 500 futures sank 4.9%. Futures contracts hit a 5% daily down limit on Sunday evening, triggering a halt in trading. On Monday, the …

Investor’s Daily reports: As the coronavirus upends more aspects of life in the United States, Wall Street’s only certainty is this: The uncertainty will continue. The Dow Jones industrial average closed down 969 points Thursday as investors fled stocks and headed for the safety of U.S. debt. The 3.6 percent skid canceled out most of Wednesday’s eye-popping rally, and was …

ABC News reports: Stocks surged on Wednesday as major victories from former Vice President Joe Biden during Super Tuesday sparked a massive rally within the health-care sector. The Dow Jones Industrial Average soared 1,173.45 points higher, or 4.5%, to 27,090.86. The S&P 500 jumped 4.2% to 3,130.12, while the Nasdaq Composite advanced 3.8% to 9,018.09. The Dow posted its second-highest …

NBC News reports: The Federal Reserve’s historic, emergency rate cut was not enough to assuage Wall Street on Tuesday, with the Dow Jones Industrial Average plunging wildly to end the day down by almost 800 points. Nervous traders loaded up all day on “safe haven” assets such as gold and Treasury notes — pushing yields to record levels — amid …