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, […]
Tag: NASDAQ Composite
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 […]
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 […]
India’s streets sit empty, global cases near 500,000
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 492,000 Global deaths: At least 22,000 US cases: At least 69,000 US deaths: At least 1,000 The data […]
Dow up 800, jobless claims top 3 million, stimulus bill to House
This is a live blog. Please check back for updates. 10:55 am: Markets may weaken with future economic data, strategist says Matt Miskin, co-chief investment strategist at John Hancock Investment Management, said equity markets could struggle in future weeks as the economic data continues to worsen. “The economic data is likely to get worse before it […]
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 500 was up by about 0.6%. The Nasdaq Composite dropped 0.3%, however. […]
Congress is closing in on a deal
Democrats and Republicans are closing in on a massive stimulus package to combat the economic impact of the coronavirus. In perhaps the biggest signal that an agreement was close, House Speaker Nancy Pelosi, D-Calif., told CNBC on Tuesday morning that there is “real optimism” Congress can clinch a pact within a few hours. Senate Majority Leader […]
Dow up 1,500, gold surging
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 […]