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. […]
Tag: Stock markets
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 down 300, Fed goes all-in, waiting on Congress
A trader works on the floor of the New York Stock Exchange in New York, the United States, March 18, 2020. Michael Nagle | Xinhua News Agency | Getty Images 10:45 am: Toy stock jumps after CEO says demand is strong Hasbro stock was soaring Monday morning after CEO Brian Goldner said the company was experiencing […]
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. […]
GOP Sen. Hoeven bought up to $250,000 in health fund after briefing
GOP Sen. John Hoeven, R-N.D., purchased between $100,000 and $250,000 of stock in a fund invested in health sciences companies in late January, just days after attending a briefing on the federal government’s response to the coronavirus. The Jan. 29 purchase of shares in the BlackRock Health Sciences Trust II fund, detailed in Hoeven’s financial disclosure […]
Dow and S&P 500 pare gains, Amazon up 2.5%
Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC’s “Milestone Celebration Dinner” in Washington, September 13, 2018. Joshua Roberts | Reuters 10:35 am: Wall Street’s fear gauge falls below 60 The Cboe Volatility Index, Wall Street’s preferred fear gauge, fell to its lowest level […]
Interest rates are rising, a bad sign as the economy slides toward recession
The Fed is throwing all of its fire power at markets, and yet interest rates continue to rise, a troubling sign when the economy looks set to slow down dramatically. Markets continue to swing violently with the Dow losing another 6.2% Wednesday; oil plunging 24%, and copper down about 7%. The credit markets continue to […]
Bank of America says the recession already here
Bank of America warned investors on Thursday that a coronavirus-induced recession is no longer avoidable — it’s already here. “We are officially declaring that the economy has fallen into a recession … joining the rest of the world, and it is a deep plunge,” Bank of America U.S. economist Michelle Meyer wrote in a note. “Jobs […]
Stocks try to hold gains in choppy trade, Dalio concerned
Traders work on the floor at the New York Stock Exchange October 31, 2019. Brendan McDermid | Reuters This is a live blog. Check back for updates. 10:32 am: Battered hotel stocks on the rise Some of the hotel and casino stocks, which have taken the hardest hits from the coronavirus, were in the green Thursday. […]
Even with $1 trillion stimulus, hit to economy and employment will be big
A bar sits closed in the early evening in Brooklyn after a decree that all bars and restaurants shutdown by 8 pm in New York City as much of the nation slows and takes extra precautions due to the continued spreading of the coronavirus on March 16, 2020 in New York City, United States. Spencer […]