At the beginning of 2020, in the US election campaign, it looked like incumbent US President Donald Trump had his second term as good as in his pocket. In addition to the relatively good poll numbers, many experts also believed that Trump had a good chance of another four years in the Oval Office. Trump […]
Tag: S&P 500 Index
Worst jobs report in a decade, oil surging
People walk on Wall St. outside the New York Stock Exchange, August 7, 2019. Brendan McDermid | Reuters An abysmal March jobs report gives a glimpse of the devastating economic damage caused by the coronavirus pandemic. Another surge in oil prices on expected output cuts limited the losses in the stock market. Amid wild trading, […]
Over 1,000 NYC police contract COVID-19
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 885,000 Global deaths: At least 44,000 US cases: At least 190,000 US deaths: At least 4,100 The data above was compiled […]
Dow down 500, second quarter begins, Trump’s warning
A man runs past the New York Stock Exchange (NYSE). Bloomberg This is a live blog. Check back for updates. 11:02 am: ‘The other bomb that’s dropping’ — Cramer’s warning as first shale company files for chapter 11 Analysts have warned that falling oil prices will lead to a wave of consolidation or bankruptcies in the […]
Supplies sent to NYC, global growth heads to zero
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 800,000 Global deaths: At least 38,714 US cases: At least 164,610 US deaths: At least 3,170 The data above was compiled by […]
Dow’s worst first quarter ever, S&P 500’s worst month since ’08
The market is wrapping up a brutal quarter as investors search for a bottom in the fastest bear market ever amid the coronavirus crisis. The Dow Jones Industrial Average is on track to post its worst first quarter in history, but the recent sharp rebound raises the question if the worst is behind us. Here’s […]
Dow jumps 400 points after virus measures extended
Stocks rose on Monday, building on a strong rally from last week as the U.S. extends measures to contain the coronavirus outbreak. The Dow Jones Industrial Average was up 476 points, or 2.2%. The S&P 500 climbed 2.5% while the Nasdaq Composite traded 2.8% higher. President Donald Trump said at a news conference Sunday the national […]
Crazy volatility forces Wall Street strategists to suspend S&P 500 targets
The stock market has gone so haywire amid the coronavirus crisis that some strategists on Wall Street are giving up on forecasting what comes next. Over the past week or so, chief market strategists at BMO, Oppenheimer and Canaccord Genuity have all suspended their year-end targets on the S&P 500, blaming the unprecedented economic uncertainty that makes projecting […]
Lack of internet cuts off millions, Real ID extended
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 542,700 Global deaths: At least 24,361 US cases: At least 85,996 US deaths: At least 1,300 The data […]
Stocks snap 3-day win streak, Dow down 700
This is a live blog. Check back for updates. 10:47 am: Wall Street analysts upgrade stocks on hopes the market has bottomed Deutsche Bank upgraded Qualcomm to buy from hold. Bank of America downgraded JPMorgan to neutral from buy. Loop Capital upgraded Home Depot to buy from hold. JPMorgan upgraded Deere to neutral from underweight. Bank […]