Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange. Bryan R. Smith | AFP | Getty Images Dow Jones Industrial Average drops 277 points The Dow slid 277.26 points, or 0.94%, to 29,102.51. The S&P 500 fell 0.54% to 3,327.71. The Nasdaq Composite pulled […]
Tag: Markets
Dow down 300, coronavirus names fall, Uber best day ever
This is a live blog. Check back for updates. 3:20 pm: Casper shares fall below its IPO price on second day of trading Shares of Casper plunged about 16% to $11.34 in afternoon trading, dipping below its IPO price of $12 per share. In its market debut on Thursday, the online mattress maker’s stock opened […]
More stores in China close, Trump heaps praise on Xi
This is a live blog. Please check back for updates. All times below are in Eastern time. Total cases: More than 31,000 as of Friday morning.Total deaths: At least 636 worldwide as of Friday morning 8:39 am Canada Goose says travel restrictions are hurting sales 8:15 am: Uber CEO Dara Khosrowshahi says outbreak is not […]
Tidjane Thiam to step down as Credit Suisse CEO
Credit Suisse CEO Tidjane Thiam is stepping down in the wake of a spying scandal, and will be replaced by Thomas Gottstein who currently heads the bank’s Swiss unit. In a statement Friday morning, the board of directors said it had unanimously accepted Thiam’s resignation, following the presentation of the Swiss lender’s fourth-quarter and full-year […]
Tesla closes stores, Olympics organize task force
This is a live blog. Please check back for updates. All times below are in Eastern time. Total cases: More than 28,000 as of Thursday morning.Total deaths: At least 565 worldwide as of Thursday morning 9:02 am:Â Yum Brands shares drop as CEO comments on coronavirus hit Yum Brands, the owner of Taco Bell, KFC […]
Qualcomm, Yum China, Peloton and more
A Qualcomm sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Aly Song | Reuters Check out the companies making headlines after the bell: Qualcomm – The semiconductor company’s stock dropped about 4% in extended trading though the company beat analysts’ estimates on both the top and […]
Fed’s Mary Daly says current interest rates put economy ‘in a good place to weather the storms’
San Francisco Fed President Mary Daly said Wednesday that she did not think the Fed needs to lower interest rates to offset the effects of the coronavirus outbreak or other economic headwinds. Appearing on CNBC’s “Power Lunch,” Daly said she did not think the outbreak would do anything “material” to the U.S. economy, even with […]
S&P 500 is headed for a record close, fully erasing the coronavirus-related losses of past 2 weeks
Stocks rose on Wednesday, pushing the S&P 500 back to levels hit prior to the coronavirus scare. The broad index traded 1.1% higher, led by strong gains in the energy, financials and health care sectors. That gain put the S&P 500 on pace to notch a record closing high. It also erased its losses stemming from fears […]
WHO says there are ‘no known’ treatments, ECB chief says outbreak fuels economic uncertainty
This is a live blog. Please check back for updates. All times below are in Eastern time. Total cases: More than 24,000 as of Wednesday morning.Total deaths: At least 490 worldwide as of Wednesday morning. 8 am: ECB chief says outbreak ‘adds a new layer of uncertainty’ to global growth The president of the European […]
Ford, Snap, Match Group and more
Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Check out the companies making headlines after the bell: Ford – The automaker’s stock dropped 10% in extended trading after the company missed on earnings but beat revenue in its fourth-quarter […]
