untitled design

Tag: SPDR S&P 500 ETF Trust

Dow up 1,500, gold surging

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 […]

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

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 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 […]

Stocks tank 10%, Dow off 30% from record

Stocks tank 10%, Dow off 30% from record

This is a live blog. Here’s the latest.  10:17 am: Stocks fall deeper into bear market territory The Dow and S&P 500 entered a bear market last week, putting an end to the historic bull run that began in the throes of the financial crisis. Monday’s steep losses have sent the major averages further below […]

Dow 2-day drop totals 1,910, Kudlow doesn’t help, Cramer stays away

Dow 2-day drop totals 1,910, Kudlow doesn’t help, Cramer stays away

This is a live blog. Check back for updates A trader works at the New York Stock Exchange in New York, the United States, on Feb. 24, 2020. Photo by Wang Ying | Xinhua | Getty 4:01 pm: Dow drops 3%, bringing 2-day point loss to 1,910 Major averages slid on Tuesday, accelerating Monday’s sharp […]

S&P 500 is headed for a record close, fully erasing the coronavirus-related losses of past 2 weeks

S&P 500 is headed for a record close, fully erasing the coronavirus-related losses of past 2 weeks

Stocks rose on Wednesday, pushing the S&P 500 back to levels hit prior to the coronavirus scare.  The broad index traded 1.1% higher, led by strong gains in the energy, financials and health care sectors. That gain put the S&P 500 on pace to notch a record closing high. It also erased its losses stemming from fears […]

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 […]

Sacconaghi knocks down theory Apple’s surge due to passive investing, buybacks

Sacconaghi knocks down theory Apple’s surge due to passive investing, buybacks

Apple CEO Tim Cook greets employees and customers on a surprise visit to the Georgetown Apple store in Washington, DC. Jabin Botsford | The Washington Post | Getty Images Apple’s remarkable 12-month run is the real deal and not a technicality due to passive inflows and share buybacks, top tech analyst Toni Sacconaghi says. The […]