June 9, 2020
“The Dow Jones Industrial Average DJIA, -0.70% climbed 461.46 points, or 1.7%, to end at 27,572.44, its sixth straight gain. The S&P 500 SPX, -0.66% rose 38.46 points, or 1.2%, finishing at 3,232.39. The tech-heavy Nasdaq Composite Index COMP, +0.18% gained 110.66 points, or 1.1%, ending at 9,924.74, a… Continue Reading…
May 8, 2020
“The Nasdaq Composite rose for a fourth straight day on Thursday, clawing back its steep losses for the year, as tech shares added to their recent strong gains while investors mounted bets on the U.S. economy reopening soon. The tech-heavy index closed 1.4%… Continue Reading…
May 6, 2020
“Disney’s profit dropped a whopping 91% during the first three months of 2020, revealing the widespread damage that the coronavirus pandemic has brought on its media empire. Although sales for its second quarter were up 21% to $18 billion, Disney’s profit… Continue Reading…
April 16, 2020
“It is not “stimulus” if there’s nothing to stimulate. With almost all states having ordered citizens to stay home and most businesses to shutter, the coronavirus “stimulus” bill passed by Congress and signed by President Trump on March 27 is really a “bridge” bill — a… Continue Reading…
March 20, 2020
“Jobless claims rose by 70,000 to 281,000 in the week ended March 14, according to Labor Department figures released Thursday. That’s the biggest one-week increase since the aftermath of Hurricane Sandy in 2012. The two western states with the biggest… Continue Reading…
March 19, 2020
“JPMorgan Chase is closing about a fifth of its bank branches to help contain the spread of COVID-19. The finance giant will shutter about 1,000 Chase bank locations temporarily, according to a memo sent to employees Wednesday. The roughly 4,000 other branches will… Continue Reading…
January 28, 2020
“The Dow lost 453 points, wiping out the average’s gains for the year. The 30-stock average also notched its biggest one-day fall since October, along with its longest losing streak since August. The S&P 500 dropped 1.6%, snapping a 74-session… Continue Reading…
January 18, 2020
“The S&P 500 was up nearly 2% for the week. The Dow rose 1.8%, and the Nasdaq climbed 2.3% on a weekly basis. Here’s where the markets settled at the end of regular equity trading: S&P 500 (^GSPC): +0.39% or… Continue Reading…
December 27, 2019
“U.S. stocks powered higher again Thursday, helped by reports of record year-end retail sales… How are benchmarks performing? The Dow Jones Industrial Average DJIA, +0.05% rose 105.94 points or 0.37% to 28,621.39 and has gained for 9 of the past 11 trading… Continue Reading…
November 14, 2019
“The Dow Jones Industrial Average hit an all-time high on Wednesday as Disney shares popped while investors digested testimony from the top-ranking Federal Reserve official. The 30-stock average closed 92.10 points higher, or 0.3% at 27,783.59, notching intraday and closing records. Disney jumped 7.4%… Continue Reading…
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