Wall Street rises on record job growth; surging virus cases cap gains

(Reuters) – Wall Street rose on Thursday after a record-setting increase in monthly U.S. jobs, but surging COVID-19 cases raised fears of more lockdowns and kept gains in check. The Nasdaq opened at an all-time high after data showed the U.S. economy created 4.8 million jobs in June, the most since the government began keeping records in 1939, but later […]

Read more

S&P 500, Dow track best quarter since 1998 on stimulus-led rebound hopes

(Reuters) – The S&P 500 and Dow Jones indexes gained on Tuesday, inching closer to ending their best quarter since 1998 as improving economic data restored faith in a stimulus-backed rebound for the U.S. economy. Kicking off a data-heavy week for Wall Street, figures on Tuesday showed U.S. consumer confidence increased much more than expected in June. Data on manufacturing […]

Read more

Wall Street tumbles on concerns over U.S.-China trade deal, rising virus cases

(Reuters) – Wall Street’s major indexes tumbled on Friday after a report that the U.S. intervention in Chinese interests could risk Phase 1 trade deal spooked investors already worried about a surge in coronavirus cases. The three main indexes extended losses after the Wall Street Journal said U.S. ‘meddling’ in Hong Kong, Taiwan, other matters could jeopardize Chinese goods purchases […]

Read more

Financial shares push Wall Street higher in volatile trading

New York (Reuters) – Wall Street’s main indexes edged higher in choppy trading on Thursday, as financial stocks gained ground on regulatory changes even though investors worried about alarming increases in new coronavirus cases and jobless claims. The S&P 500 banks sub-index rose 1.8% as U.S. banking regulators eased two rules covering large banks with complex trading and investment portfolios. […]

Read more

S&P closes lower as new COVID-19 cases surge

NEW YORK (Reuters) – The S&P 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery. The S&P 500 and the Dow reversed earlier gains to snap a three-day winning streak. Tech shares led the Nasdaq to a modest gain. Worries […]

Read more

Wall Street jumps on Fed's corporate bond purchase announcement

NEW YORK (Reuters) – Wall Street jumped on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence, which had been wavering amid a spike in new COVID-19 cases. All three major U.S. stock indexes abruptly reversed earlier losses in afternoon trading, following the Fed’s decision to apply an indexing approach […]

Read more

Futures drop on fears of fresh virus wave

(Reuters) – U.S. stock index futures tumbled on Monday as a recent jump in coronavirus cases in China and parts of the United States doused investor hopes of a quick economic rebound that had powered the Nasdaq to record levels last week. Beijing re-imposed measures to curb the spread of the virus after a wholesale food market saw an unexpected […]

Read more

S&P 500 falls 3% on new virus wave fears, Fed's cautious outlook

(Reuters) – U.S. stocks extended losses on Thursday, with the S&P 500 on track for its sharpest percentage decline since April 1, as investors worried about a second wave of coronavirus infections and a grim economic forecast from the Federal Reserve. At 11:01 a.m. ET, the Dow Jones Industrial Average .DJI was down 1,052.92 points, or 3.90%, at 25,937.07, the […]

Read more

S&P 500, Dow slip ahead of Fed outlook; Nasdaq scales fresh high

(Reuters) – The S&P 500 and Dow eased on Wednesday, as losses in financial stocks outweighed a boost from technology, with focus shifting to the Federal Reserve’s first projections on the economy since the coronavirus outbreak. The tech-heavy Nasdaq, by contrast, hit a record high for the fourth straight session, with gains for Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O) and […]

Read more

Wall Street set to open slightly higher ahead of Fed's economic outlook

(Reuters) – Wall Street’s main indexes were set to open slightly higher on Wednesday as focus shifted to a Federal Reserve meeting that will deliver the central bank’s first projections on the economy post-coronavirus outbreak. Investors will also look for clues on how long the central bank plans to maintain its ultra loose policy to support the economy and if […]

Read more
1 2 3 4