Tag Archives: stock market

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 …

CNBC reports: Stocks rose sharply in volatile trading on Monday, clawing back out of correction territory and regaining a big chunk of their losses from Wall Street’s worst week since 2008. The Dow Jones Industrial Average closed 1,293 points higher, or 5.1%. The S&P 500 and the Nasdaq Composite climbed 4.6% and 4.5%, respectively. Those gains snapped seven-day losing streaks …

NBC News reports: The stock market cratered again on Friday, marking the seventh day of a massive sell-off sparked by rising fears about the coronavirus epidemic. The Dow Jones Industrial Average plunged by 1000 points at the opening bell, with the S&P 500 and the Nasdaq each falling by 3 percent. The meltdown comes as traders appear to lose any …

MarketWatch reports: Investors’ growing fears about virus outbreak sends Dow Jones Industrial Average down about 1,200 points. At last check, the decline would rank within the top 20 for the Dow’s steepest weekly selloffs, with a drop of 9.18%, according to FactSet data. The worst week for the Dow was the 18.15% drop during the period ended Oct. 10, 2008, …

The Washington Post reports: Trump is highly concerned about the market and has encouraged aides not to give predictions that might cause further tremors. On Wednesday morning, he announced he would be holding a press conference at 6 p.m. about the coronavirus. In recent days, Trump has devoted the majority of his public statements to slamming Democrats or complaining about …

Investor’s Business Daily reports: The Dow Jones fell another 878 points on Tuesday, after Monday’s 1,000-plus point drop. Stocks continued to sell off in heavy volume. Visa and UnitedHealth were among the worst Dow performers. As the coronavirus is remains uncontained, its effects continue to infect the stock market while investors weigh the potential damage on the global economy. As …

Bloomberg News reports: President Donald Trump said Democratic presidential front runner Bernie Sanders is advocating “totally unaffordable” policies that are “not going to work” during a meeting with business leaders Tuesday at the U.S. embassy in New Delhi. “When we win re-election – I think we will – when we win, I think the market’s going to go up, it’s …

MarketWatch reports: US markets continue to plunge on reports of increasing numbers of cases of the Coronavirus being identified outside China. The Dow Jones dropped by more than 1,000 points (3.7 percent) on Monday, while the S&P 500 dropped 3.5 percent and the Nasdaq index lost as much as 4 percent. Investors are increasingly worried about the economic impact of …

MarketWatch reports: Amazon last week officially became only the fourth U.S. company in history to close the trading session with a market capitalization of at least $1 trillion, joining tech behemoths Microsoft, Apple and Google parent Alphabet. Well, that sounds like the kind of stock-market stat President Donald Trump loves to take credit for — and, once again, he didn’t …

CNBC reports: As part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market, according to four senior administration officials familiar with the discussions. The proposal, one of many new tax cuts under consideration, would see a portion of household income treated as tax-free for the …

Politico reports: The Dow Jones Industrial Average opened 500 points lower as news of the virus spreading to the U.S. and other countries grew and world officials scrambled to contain the outbreak, which began in Wuhan, China. The coronavirus has affected over 2,700 people. The Dow wound up closing down 456 points, or nearly 1.6 percent. An out-of-control virus — …

Fox Business reports: President Trump said Thursday stock markets would “crash” if he were to be impeached. The president was reacting to a tweet of a Wednesday segment from FOX Business’ “Mornings with Maria,” in which Karl Rove, who served as a senior adviser to former President George W. Bush, discussed the impact of House Speaker Nancy Pelosi’s formal impeachment …

CNBC reports: Donald Trump is tweeting more and it’s affecting the bond market. In fact, the president’s market-moving tweets ballooned in August as he hammered China on trade and went after the Federal Reserve on interest rates. In an attempt to quantify the impact of Trump’s tweets on the bond market, J.P. Morgan devised a “Volfefe Index” to analyze how …

CNBC reports: If President Donald Trump wants to keep his strong stock market gains, he may want to stay off Twitter. Days when Trump tweets a lot are associated with negative stock market returns, Bank of America Merrill Lynch said Tuesday in a report. The brokerage’s chief equity strategist, Savita Subramanian, wrote in a note that “since 2016, days with …

USA Today reports: As financial markets tumbled Wednesday over concerns about international trade, President Donald Trump took to Twitter to defend his administration’s tariff war with China and to take his latest swipe at the nation’s central bank. “We are winning, big time, against China,” Trump wrote on Twitter, despite few signs of progress in negotiating a new trade agreement …

Bloomberg reports: Financial markets buckled after China escalated the trade war with the U.S., sending American stocks to the biggest drop this year and sparking a rally in global bonds. Gold surged with the yen. The S&P 500 Index plunged about 3% and losses in the Dow Jones Industrial Average surpassed 750 points. Apple and IBM slid at least 4.5% …

CNBC reports: Levi Strauss filed the paperwork for an initial public offering Wednesday. The iconic denim company plans to list on the New York Stock Exchange with the ticker “LEVI.” According to its SEC filing, the San Francisco-based company plans to raise $100 million through the IPO, a placeholder amount used to calculate fees, but CNBC’s Leslie Picker previously reported …

Deadline Hollywood reports: Shares in MoviePass parent Helios & Matheson began trading over the counter today after the beleaguered company was delisted by the Nasdaq. The ouster from the major stock market comes after several warnings relayed in SEC filings in recent months, given that companies cannot have their shares trade below $1 for extended periods. Helios stock has been …

Newsweek reports: President Donald Trump pushed an argument on Saturday that the economy would fail if he were to be impeached. On Twitter he wrote, with his trademark self-triumphalism, that the economy was the best it has been in 50 years under his leadership, and according to the president, it would quickly decline if he were to be removed from …