Tag Archives: stock market

The Hill reports: President Trump is closing out his time in office with a significant increase in the stock market, but has fallen short of stock gains seen under predecessors Barack Obama and Bill Clinton. From Trump’s inauguration day, the Dow Jones Industrial Average rose from 19,827 to 30,930 on Tuesday, a 56 percent increase. That increase is below the …

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: Jay Clayton, who has led the Securities and Exchange Commission for the past three and a half years that included a number of major changes in financial markets, said Monday he will step down at the end of the year. “Working alongside the incredibly talented and driven women and men of the SEC has been the highlight of …

CNBC reports: Apple hit a market cap of $2 trillion Wednesday, doubling in valuation in just over two years to become the first publicly traded U.S. company to reach the milestone. Based on a share count of more than 4.275 billion, Apple broke the barrier just before 11 a.m. ET, when its price rose to $467.77. Apple first reached a …

CNBC reports: Apple rode the company’s strong earnings report to become the world’s most valuable publicly traded company, surpassing the state oil giant Saudi Aramco at Friday’s market close. Apple shares closed up 10.47% Friday, giving it a market valuation of $1.84 trillion. Saudi Aramco, which had been the most valuable publicly listed company since its market debut last year, …

Reuters reports: The iPhone maker made the surprise announcement in its quarterly report, saying it will split its stock four-to-one when trading opens on Aug. 31, Apple’s first share split since 2014. Stock splits have become rare on Wall Street in recent years, with just three S&P 500 members announcing splits in 2020, compared to an average of 10 a …

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 Wall Street Journal reports: The New York Stock Exchange is set to reopen its famed trading floor Tuesday, but it won’t be going back to normal. Only one-quarter of the NYSE’s usual population of traders will be back when the floor resumes business after a two-month closure prompted by the coronavirus pandemic. Traders who return must wear masks, avoid …

Roll Call reports: The Dow Jones Industrial Average plunged more than 1,200 points, or 5 percent, in the first two days of trading this week amid turmoil in energy markets. On Tuesday, the Dow Jones closed down 631.6 points, or 2.7 percent, and the S&P 500 closed down 86.6, or 3.1 percent. The losses followed record lows for oil on …

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 …

The New York Times reports: The Federal Reserve said it would buy as much government-backed debt as it needs to keep financial markets functioning, and unrolled a series of programs meant to shore up both large and small businesses — a whatever-it-takes effort to cushion the economic blow of the pandemic. “Aggressive efforts must be taken across the public and …

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 Washington Post reports: The New York Stock Exchange announced Wednesday that it is closing its trading floor and going completely electronic as the coronavirus pandemic continues to wreak havoc on the stock market. The move stemmed partly from traders testing positive for the coronavirus, NYSE President Stacey Cunningham said on CNBC. “NYSE’s trading floors provide unique value to issuers …

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 …

Mediaite reports: President Donald Trump continued to take an odd victory lap over the stock market’s performance after he declared the coronavirus pandemic a national emergency, tweeting an exuberant boast that was sorely lacking in context, to say the least. And as anyone who has had a pulse for the past week understands, this rise came one day after the …