All eyes are on Congress to pass a much-needed stimulus bill to rescue the economy from the coronavirus damage. The stock market is staging a turnaround with the Dow rebounding from its 2016 low. Here’s what’s happening: 10:52 am: Goldman says buy gold now: ‘Time to buy the currency of last resort’ Gold prices jumped more than […]
Tag: MGM Resorts International
Dow loses 3,200 points and counting on week, bond yields collapsing
Traders work on the floor of the New York stock Exchange (NYSE) on on February 24, 2020 in New York City. Stocks fell over 1000 points on Monday as global concerns grow about the economic impact of the Coronavirus. Spencer Platt This is a live blog. Check back for updates. 8:40 am: 2-year Treasury yield […]
Dow plunges 1,000 points on coronavirus fears, 3.5% drop is worst in two years
Stocks fell sharply on Monday as the number of coronavirus cases outside China surged, stoking fears of a prolonged global economic slowdown from the virus spreading. The Dow Jones Industrial Average closed 1,029 points lower, or 3.55%. The S&P 500 slid 3.4% while the Nasdaq Composite closed 3.7% lower. It was the Dow’s biggest point and […]
Dow futures down 770, airlines slide, Apple drops
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 8:32 am: Chipmaker stock ETFs fall sharply The VanEck Vectors Semiconductor ETF (SMH) and the iShares PHLX Semiconductor ETF (SOXX) were both down more than 3% in the premarket, putting […]
ViacomCBS, E-Trade, Zillow, IMAX & more
Take a look at some of the biggest movers in the premarket: ViacomCBS (VIAC) – In its first earnings report since the merger of Viacom and CBS was completed in December, the company reported quarterly earnings of 97 cents per share, below the consensus estimate of $1.44 a share. Revenue was also below Wall Street […]
Dow record, Charlie Munger on Tesla, Apple jumps
This is a live blog. Check back for updates. 4:01 pm: Dow rallies 270 points to a record The Dow jumped about 276 points to hit a record close on Wednesday, lifted by solid gains from UnitedHealth and Nike. Apple also rallied 2.4%. The gains brought the blue-chip index’s month-to-date rise to 4.5% as investors […]
Dow up big, Tesla tops $900 in parabolic move
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images This is a live blog. Check back for updates. 3:11 pm: Tesla soars 21% at session high Shares of Tesla surged 21% to its session high of […]
Worst drop since October, coronavirus fears grow, airlines fall
This is a live blog. Check back for updates. 3:10 pm: Coronavirus names fall ahead of the close Stocks with a large amount of exposure to the coronavirus epidemic accelerated losses on Friday, dragging down the major averages. American Airlines, Delta and United all suspended flights to and from China, sending their stocks down 3.5%, 2.4% […]
Dow positive, coronavirus ‘buy’ signal?, record copper losing streak
The Facebook logo is displayed during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images This is a live blog. Check back for updates. 3:05 pm: Dow turns positive as WHO calms coronavirus fears The Dow erased a 200-point drop and turned positive after the World Health […]