April 30, 2020
“…The Dow Jones Industrial Average traded 134 points, or 0.5%. The S&P 500 slid 0.4%. The Nasdaq Composite rose marginally. Earlier in the session, the Dow dropped more than 300 points. A 3.8% jump in Boeing shares helped the Dow claw back some of its earlier… Continue Reading…
April 30, 2020
“First-time filings for unemployment insurance hit 3.84 million last week as the wave of economic pain continues, though the worst appears to be in the past, according to Labor Department figures Thursday. Economists surveyed by Dow Jones had been looking… Continue Reading…
April 29, 2020
“General Electric posted bigger-than-expected drops in earnings and revenue for the first quarter, as the coronavirus hit to global commercial air travel stung key businesses. GE stock fell as cash burn was also slightly worse than the industrial giant forecast.… Continue Reading…
April 29, 2020
“Gross domestic product fell 4.8% in the first quarter, according to government numbers released Wednesday that provide the first detailed glimpse into the deep damage the coronavirus wreaked on the U.S. economy. Economist surveyed by Dow Jones had expected the… Continue Reading…
April 28, 2020
“Two years ago, when gold was hovering at the $1,200 range, the idea of gold surpassing $1,700 seemed like a pipe dream to many investors. Remember, August 2018 marked a 5-month period of intense selling pressure. Nobody wanted gold, from… Continue Reading…
April 28, 2020
“The Dow Jones Industrial Average climbed 230 points, putting the blue-chip average on track for five consecutive days of gains. The Standard & Poor’s 500 rose 1%, on pace for its first three-day winning streak in a month. Both averages… Continue Reading…
April 28, 2020
“The economy could take one to two years to rebound to full strength and the Federal Reserve and Congress, having already committed historic sums to fight the coronavirus pandemic, will have to commit trillions more, according to respondents to the… Continue Reading…
April 27, 2020
“The narrowing group of winners in the S&P 500 doesn’t bode well for the future performance of U.S. stocks, according to Goldman Sachs Group Inc. The U.S. benchmark is around 17% below its February record, but the median stock trades… Continue Reading…
April 24, 2020
“Shares of Chesapeake Energy tore higher again on Friday, adding to gains of more than 90% in the past three days, after the oil and hydrocarbon driller announced it adopted a poison pill to thwart any takeover attempts spurred by… Continue Reading…
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