The three major averages finished higher on Wednesday, after a strong set of earnings results from companies such as Goldman Sachs and UnitedHealth before market open added to earlier hopes for a coronavirus vaccine after news from Moderna. The Dow Jones Industrial average and Russell 2000 both logged their sixth straight day of gains. The […]
Monday morning’s stock rally lost steam towards the close, with the S&P 500 and Nasdaq turning negative and the Dow wiping out much of its earlier gains. The 30-stock index had been up as much as 2.2%, or 564 points, earlier in the day.
The S&P 500 and Nasdaq closed higher Wednesday on the news that Pfizer reported positive data on its coronavirus vaccine. However, the Dow closed slightly lower as coronavirus cases continue to spike. The Final Round panel breaks down the details.
Stocks cut earlier gains, and the S&P 500 and Dow turned negative, after new data showed further spikes in coronavirus cases in some densely populated U.S. states.
Following the Federal Reserve monetary policy decision, stocks slid, with the S&P 500 and Dow pointing to a third straight session of losses. In the Fed’s monetary policy decision, policymakers highlighted the ongoing economic concerns spurred by the coronavirus pandemic and measures taken to contain it.
Stocks closed at their highest levels since at least March, ending Friday’s volatile session mostly higher after President Donald Trump announced retaliatory measures against China that were less negative for markets as some had feared. Myles Udland, Sean Smith, Rick Newman, and Akiko Fujita discuss on The Final Round.
Stocks ended little changed Friday, as ongoing signs of the economic damage from the coronavirus pandemic compounded with fears of rising U.S.-China tensions. Still, the three major U.S. equity indices posted weekly advances of about 3%, with investors largely factoring in the fallout from the COVID-19 crisis into asset prices.
Stocks recovered earlier losses and pushed into positive territory Thursday afternoon. Earlier in the session, the Dow had been off as many as 458 points after the Labor Department’s weekly report on new jobless claims showed another 2.981 million individuals filed for first-time unemployment benefits last week, or more than had been expected. The 30-stock […]
On Friday, the major averages ended near session highs, after new data revealed the coronavirus pandemic sparked a historic labor market collapse in the world’s largest economy last month, but at a pace below expectations.Jen Rogers, Myles Udland and Rick Newman break down the day’s market action.