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 […]
Tag: S&P 500 Index
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 […]
CVS to hire 50,000, Surgeon General warning
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 353,000 Global deaths: At least 15,000 US cases: At least 35,000 US deaths: At least 470 The data […]
US hospitals seek $100 billion in aid
Medical workers and other officials gather outside of the Brooklyn Hospital Center where testing for the coronavirus has started on March 19, 2020 in the Brooklyn borough of New York City. Spencer Platt | Getty Images This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in […]
Stocks can return to records early next year if the US can curb coronavirus spread, says JPMorgan
Meric Greenbaum, Designated Market Maker IMC financial looks up at the board before the opening bell right before trading halted on the New York Stock Exchange on March 9, 2020 in New York. Timothy A. Clary | AFP | Getty Imgaes The S&P 500 could return to record highs by early next year if U.S. […]
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 | AP This is a live blog. Please check back for updates. 10:35 am: Walmart jumps 5%, gets an upgrade from Credit Suisse While the broader market moves lower, shares of Walmart are up more than […]
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 day. The Nasdaq Composite gained 1.2%. It was also down earlier in […]
Business returns in China as coronavirus outbreak eases
Dow Inc. CEO Jim Fitterling expressed optimism Monday about the U.S. economy’s ability to recover from the coronavirus, pointing to positive signs coming from Chinese market. “Our demand is good right now,” Fitterling told CNBC’s Jim Cramer. “In fact, the last two weeks we’ve seen our demand in China bounce back.” Fitterling, appearing on “Mad […]