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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...

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 bottomedDeutsche 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...

Dow rises, tries to build on historic 11% surge from a day before

The Dow Jones Industrial Average rose on Wednesday following a historic rally in the previous session in anticipation of a coronavirus stimulus deal by Congress. The White House and Senate reached an agreement overnight.The 30-stock average climbed more than 400 points, or 2%. The S&P...

Dow tanks 1,000, S&P 500 down 5%, virus cases jump

Trader Thomas Lee works on the floor of the New York Stock Exchange, Monday, Aug. 5, 2019.Richard Drew | APThis is a live blog. Please check back for updates.10:35 am: Walmart jumps 5%, gets an upgrade from Credit SuisseWhile the broader market moves lower,...

Stocks swing wildly as Wall Street struggles for direction after Dow’s third-worst day ever

Stocks swung wildly Tuesday as Wall Street struggled to to recover from its worst day in more than 30 years despite signs of potential further stimulus and progress on a possible treatment  for the coronavirus.The S&P 500 was up 1.7% after briefly trading lower on the...

Coronavirus and market volatility shuts down the IPO market for potential listings like Airbnb

Investors likely won't get their fix for newly public companies for a long time thanks to the financial turmoil caused by the spreading coronavirus. Logistics issues aside for investment bankers unable to travel, market volatility like this scares off companies who want to raise capital.The...