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Tag: Dow Industrials

What happened to the stock market Monday: S&P, Nasdaq hit records

What happened to the stock market Monday: S&P, Nasdaq hit records

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Dow Jones Industrial Average rises 83 points The Dow climbed 83.28 points, or 0.29%, to end the day at 28,907.05. The S&P 500 and Nasdaq Composite rose 0.70% and 1.04%, respectively, to record highs. Stocks rose as optimism around the […]

S&P 500 rises to record high after news the US will remove currency manipulator tag from China

S&P 500 rises to record high after news the US will remove currency manipulator tag from China

Stocks closed higher on Monday, resuming the rally that started last week amid news¬†the U.S. will remove China from a list of currency manipulating countries, increasing optimism ahead of the signing of a key trade agreement. The S&P 500 gained 0.7% to close at 3,288.13, hitting a record high. The Nasdaq Composite¬†also notched an all-time […]

‘Worst thing’ investors could do right now is sell: PNC’s Amanda Agati

‘Worst thing’ investors could do right now is sell: PNC’s Amanda Agati

If you feel the urge to take profits as stocks hit new highs, PNC Financial’s Amanda Agati has a message for you: Resist it. According to the firm’s chief investment strategist, the market is not at peak levels. “The worst thing that clients and investors can do with the market at current levels is pull […]

European stocks close lower as US imposes fresh sanctions on Iran

European stocks close lower as US imposes fresh sanctions on Iran

European stocks closed in negative territory on Friday, paring earlier gains after the U.S. announced fresh sanctions on Iran. The pan-European Stoxx 600 had dipped below the flatline by the closing bell, with most sectors and all major bourses in the red. The blue-chip stock index closed lower by 0.12%. The FTSE 100 in London […]

Stocks dip from records after jobs data

Stocks dip from records after jobs data

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the closing bell on October 2, 2019 in New York City. Drew Angerer |Getty Images Dow Jones Industrial Average falls 133 points The Dow slid 133.13 points, or 0.46%, to 28,823.77 after briefly breaking above 29,000 for the first […]

A Trump impeachment bad for your finances? Depends on your politics

A Trump impeachment bad for your finances? Depends on your politics

If you’re concerned that your fellow Americans may be worried about a potential hit to their pocketbooks from impeachment of President Donald Trump, the most recent consumer confidence reading could lead you to spend more money and much less time focused on whether the president will be removed from office. The consumer has been the […]