Markets

Nasdaq closes at record high as Congress inches toward stimulus deal

US stocks closed mixed on Thursday amid falling jobless claims and new hopes for a stimulus deal. The Nasdaq composite closed at all-time highs, while the S&P 500 lost its record close in the final hour of trading. New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the […]
Nasdaq closes at record high as Congress inches toward stimulus deal
Markets

US stocks edge towards new records after jobless claims fall more than expected

US stocks gained slightly on Thursday after falling jobless claims offered an encouraging sign of labour-market improvement. New weekly claims for unemployment insurance totaled an unadjusted 712,000 for the week that ended Saturday. Economists surveyed by Bloomberg expected a reading of 775,000. The mild uptick puts the S&P 500 at […]
US stocks edge towards new records after jobless claims fall more than expected
Markets

US stocks climb as investors weigh political clarity against virus risks

US stocks gained on Friday as hopes for a peaceful transition to the Biden administration offset concerns about rising COVID-19 cases. President Trump said Thursday that, should the Electoral College rule President-elect Joe Biden the winner of the 2020 election, he’ll hand over his power. The US reported 125,082 new […]
US stocks climb as investors weigh political clarity against virus risks
Markets

Dow closes above 30,000 for the first time ever on Biden-transition rally

US equities jumped on Tuesday after the General Services Administration’s ascertainment of President-elect Joe Biden’s victory lifted investor sentiments. The Dow Jones industrial average climbed above 30,000 for the first time, marking a rapid comeback after the index sank as low as 18,213 in March. The GSA announced Monday afternoon […]
Dow closes above 30,000 for the first time ever on Biden-transition rally
Markets

Dow climbs 310 points as investors cheer transition to Biden administration

US equities gained on Tuesday as the General Services Administration’s ascertainment of a Biden victory lifted investor sentiments. The GSA announced Monday afternoon it will provide President-elect Biden with the “resources and services” needed to start his transition to the White House. The move is the clearest sign yet that […]
Dow climbs 310 points as investors cheer transition to Biden administration
Markets

US stocks slide amid dispute over Fed funds and spiking COVID-19 cases

US stocks fell on Friday as conflict over the use of Federal Reserve funds offset positive developments for vaccine distribution. Treasury Secretary Steven Mnuchin urged the Fed on Thursday to return funds set aside for emergency lending, setting up several relief programs for year-end expiration. The move marked a rare […]
US stocks slide amid dispute over Fed funds and spiking COVID-19 cases
Markets

Dow tumbles 345 points as fresh lockdown measures overshadow vaccine progress

US stocks fell on Wednesday as new economic restrictions erased morning optimism around coronavirus vaccine news. New York City announced Wednesday afternoon that it will shut down public schools as virus infection rates spike. The vaccine candidate being developed by Pfizer and BioNTech was 95% effective at protecting against COVID-19 […]
Dow tumbles 345 points as fresh lockdown measures overshadow vaccine progress
Markets

US stocks resume climb as investors cheer COVID-19 vaccine progress

US stocks climbed on Wednesday after Pfizer and BioNTech revealed positive final-analysis data on their coronavirus vaccine. The companies’ candidate was 95% effective at protecting against COVID-19 in trial patients, Pfizer said Wednesday. The firms plan to apply for emergency-use authorization “within days.” The news lifted major indexes and spurred […]
US stocks resume climb as investors cheer COVID-19 vaccine progress
Markets

Dow jumps 422 points in rebound from worst week since March

US stocks rallied on Monday as encouraging economic data and election bets lifted indexes from their worst weekly slump since March. Market volatility picked up as Election Day neared. Former Vice President Joe Biden has enjoyed a lead in the polls, but President Donald Trump has indicated he will contest […]
Dow jumps 422 points in rebound from worst week since March
Markets

Dow rallies 310 points after notching biggest weekly slide since March

US stocks gained on Monday, as investors looked to rebound from the market’s worst week since March. Equities are set to face heightened volatility as election uncertainty reaches a fever pitch. While former Vice President Joe Biden enjoys a strong lead in the polls, President Donald Trump has indicated he […]
Dow rallies 310 points after notching biggest weekly slide since March
Markets

Dow climbs 139 points, Nasdaq soars as tech giants rally ahead of earnings

US equities climbed higher on Thursday as rallying tech stocks and encouraging economic data reversed some of Wednesday’s plunge. Apple,Amazon,Facebook, and Alphabet led gains ahead of the companies’ third-quarter reports. US GDP grew at a record 33.1% annualized rate in the third quarter, the Commerce Department said Thursday. The reading […]
Dow climbs 139 points, Nasdaq soars as tech giants rally ahead of earnings
Markets

Oil tanks 6% on surging COVID-19 cases and inventory build-ups

Oil futures tanked on Wednesday as escalating coronavirus fears and surging US stockpiles drove new uncertainty around the commodity market’s recovery. West Texas Intermediate crude sank as much as 6.4%, to $US37.04 per barrel. Brent crude, oil’s international standard, tumbled 5.8%, to $US38.83 per barrel, at intraday lows. A global […]
Oil tanks 6% on surging COVID-19 cases and inventory build-ups
Markets

US stocks close mixed as tech surge battles against industrial sell-off

US stocks closed mixed on Tuesday as investors weighed optimism in the tech sector against continued sell-offs in other corners of the market. Xilinx traded higher after Advanced Micro Devices announced it will buy the latter in a $US35 billion all-stock deal. The acquisition and anticipation for Microsoft’s afternoon earnings […]
US stocks close mixed as tech surge battles against industrial sell-off
Markets

US stocks trade mixed as investors weigh strong earnings against stimulus hold-up

US stocks traded mixed on Tuesday as investors weighed strong earnings reports and deal news against the latest delay in economic stimulus. Merck,HSBC,Corning, and others beat third-quarter estimates when they reported figures Tuesday morning. The healthy readings suggest the bulk of the coronavirus’s economic fallout landed earlier in the year. […]
US stocks trade mixed as investors weigh strong earnings against stimulus hold-up
Markets

US stocks waver as investors mull dwindling chances for near-term stimulus

US stocks wavered on Friday as new commentary from the White House cut into hopes for pre-election stimulus. While House Speaker Nancy Pelosi indicated a bill could still be approved before Election Day, Treasury Secretary Steven Mnuchin noted that “significant differences” remain between each side’s respective proposals. The tepid session […]
US stocks waver as investors mull dwindling chances for near-term stimulus
Markets

US stocks climb as traders place bets on last-minute stimulus breakthrough

US stocks gained on Friday as Wall Street monitored Washington for updates to stimulus negotiations. House Speaker Nancy Pelosi previously said she hoped to reach an agreement before the weekend and added on Thursday that Democrats and the White House were “just about there” on a compromise. Still, Senate Republicans […]
US stocks climb as traders place bets on last-minute stimulus breakthrough
Markets

US stocks edge lower as investors mull odds of stimulus deal by end of week

US stocks declined slightly on Wednesday as investors weighed the latest developments in reaching a stimulus agreement. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before a Tuesday deadline and now aim to finalise a proposal before the weekend. Senate Democrats blocked Republicans’ $US500 […]
US stocks edge lower as investors mull odds of stimulus deal by end of week
Markets

Dow plunges 411 points as withering stimulus hopes prompt late sell-off

US stocks extended losses into Monday’s close as a lack of stimulus progress cut into hopes for a pre-election deal. House Speaker Nancy Pelosi expedited talks on Sunday, setting a 48-hour deadline for the White House and Democrats to ink a deal. She later told Democrats that significant obstacles in […]
Dow plunges 411 points as withering stimulus hopes prompt late sell-off
Markets

US stocks climb on investor hope for stimulus ahead of Tuesday deadline

US stocks gained as investors maintained optimism for Democrats and Republicans to pass fresh stimulus ahead of the November elections. House Speaker Nancy Pelosi expedited talks on Sunday, setting a 48-hour deadline for the White House and Democrats to reach a compromise. Even if a deal is reached, it’s set […]
US stocks climb on investor hope for stimulus ahead of Tuesday deadline
Markets

Dow rises 112 points as retail-sales blowout helps snap 3-day skid

US stocks jumped on Friday as investors cheered a better-than-expected reading of September retail sales. American retail spending climbed 1.9% last month, more than double economist estimates. The reading marked the gauge’s fifth straight increase and a sharp bounce from August’s 0.6% gain. The encouraging economic data offset dwindling odds […]
Dow rises 112 points as retail-sales blowout helps snap 3-day skid
Markets

US stocks climb after retail-sales data trounces expectations

US stocks gained on Friday as investors cheered a better-than-expected reading of September retail sales. American retail spending climbed 1.9% last month, more than doubling economist estimates. The reading marks the gauge’s fifth straight increase and a sharp bounce from August’s 0.6% gain. The encouraging economic data offset dwindling odds […]
US stocks climb after retail-sales data trounces expectations
Markets

US stocks slide after Mnuchin dents hopes for pre-election stimulus

US stocks sank on Wednesday as Treasury Secretary Steven Mnuchin dashed hopes of passing new stimulus before Election Day. Despite holding multiple calls with House Speaker Nancy Pelosi, “getting something done before the election and executing on that would be difficult,” Mnuchin said at a conference. Goldman Sachs shares climbed […]
US stocks slide after Mnuchin dents hopes for pre-election stimulus
Markets

Dow gains 251 points as tech giants rally and stimulus hopes persist

US stocks rose on Monday as Democrats and Republicans inched closer to a stimulus compromise. Mega-cap companies including Apple and Amazon led indexes higher as investors rushed to the growth favourites. President Trump urged Republicans to speed up Amy Coney Barrett’s confirmation to the Supreme Court so that they can […]
Dow gains 251 points as tech giants rally and stimulus hopes persist
Markets

US stocks climb as revived stimulus talks trudge ahead

US stocks rose on Monday as Democrats and Republicans inched closer to a last-minute stimulus compromise. The Trump administration lifted its proposal to $US1.8 trillion from $US1.6 trillion on Friday, inching closer to the Democrats’ preferred $US2.2 trillion size. Still, House Speaker Nancy Pelosi deemed the bill “one step forward, […]
US stocks climb as revived stimulus talks trudge ahead
Markets

US stocks rise as investors weigh latest comments on stimulus progress

US stocks gained on Thursday on revived hopes for near-term stimulus and on jobless claims that declined week-over-week. President Donald Trump indicated in a tweet late Tuesday that he backed a piecemeal strategy for passing smaller stimulus measures. The news boosted equities Thursday morning, but indexes pared gains after House […]
US stocks rise as investors weigh latest comments on stimulus progress
Markets

US stocks climb on revived stimulus optimism and lower jobless claims

US stocks gained on Thursday amid revived hopes for near-term stimulus and jobless claims that declined week-over-week. President Donald Trump indicated in a late Tuesday tweet that he backs a piecemeal strategy for passing smaller stimulus measures. The news boosted equities in Wednesday trading, but Republicans face a tough battle […]
US stocks climb on revived stimulus optimism and lower jobless claims
Markets

US stocks trade mixed as investors await economic-outlook speech from Fed’s Powell

US stocks traded mixed on Tuesday as investors waited for economic-recovery commentary from Federal Reserve Chair Jerome Powell. The central bank chief is expected to reemphasize the importance of fiscal stimulus to the nation’s rebound. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are expected to continue stimulus negotiations […]
US stocks trade mixed as investors await economic-outlook speech from Fed’s Powell
Markets

Dow tumbles 200 points after President Trump tests positive for COVID-19

US stocks sank on Friday after President Donald Trump and First Lady Melania Trump said they both tested positive for COVID-19. The diagnosis adds more uncertainties to the final month of a presidential race already expected to fuel outsized market volatility. Investors also faced off against weakening economic data. US […]
Dow tumbles 200 points after President Trump tests positive for COVID-19
Markets

US stocks climb on stimulus hopes, still post first monthly loss since March

US stocks climbed on Wednesday as investors digested a disorderly presidential debate and wavering hopes for a near-term stimulus deal. All three major US indexes climbed through the day on renewed hopes for a deal. Stocks pared some gains after Senate Majority Leader Mitch McConnell balked at Democrats’ latest proposal. […]
US stocks climb on stimulus hopes, still post first monthly loss since March
Markets

Dow leaps 410 points as revived stimulus hopes drive new recovery bets

US equities surged on Monday as investors’ hopes for a smooth economic rebound outweighed rising coronavirus cases. Bank stocks led major indexes higher, marking a sharp pivot from the tech-led rallies seen throughout the summer. Investors cheered weekend comments from House Speaker Nancy Pelosi indicating that a last-minute stimulus measure […]
Dow leaps 410 points as revived stimulus hopes drive new recovery bets
Markets

S&P 500 erases 2020 gains, tumbles into correction as economic worries mount

US equities declined on Thursday as higher-than-expected jobless claims and renewed virus fears weighed on investors. The slide erased year-to-date gains for the S&P 500 and also sent the benchmark into correction territory, implying a 10% decline from recent highs. New US weekly jobless claims rose to 870,000 in the […]
S&P 500 erases 2020 gains, tumbles into correction as economic worries mount
Markets

S&P 500 snaps 4-day losing streak as investors rush back to tech giants

US equities climbed Tuesday as a tech-led rebound ended the S&P 500’s four-day losing streak. Mega-cap companies including Apple,Facebook, and Amazon pushed indexes higher as investors turned back to the recently sold-off growth favourites. Still, new measures to curb the coronavirus’s spread in the UK revived fears of fresh lockdowns […]
S&P 500 snaps 4-day losing streak as investors rush back to tech giants
Markets

US stocks climb as tech rally offsets revived virus fears

US equities climbed Tuesday as a tech-led rebound offset a resurgence of COVID-19 fears. Mega-caps including Apple,Facebook, and Amazon pushed indexes higher as investors turned back to the recently sold-off growth favourites. Still, new measures to curb the coronavirus’s spread in the UK revived fears of fresh lockdowns and another […]
US stocks climb as tech rally offsets revived virus fears
Markets

S&P 500, Nasdaq drop for 3rd straight week as tech continues downward spiral

The S&P 500 and Nasdaq composite indexes declined for the third straight week on falling tech giants and weakening economic data. Mega-cap tech stocks led indexes lower as investors continued to shun lofty valuations and look for returns elsewhere. Traders hoping for a stimulus breakthrough had little to cheer heading […]
S&P 500, Nasdaq drop for 3rd straight week as tech continues downward spiral
Markets

US trade mixed as traders mull the pace of economic recovery

US stocks traded mixed on Friday as investors looked for signs of new stimulus amid the slowing economic recovery. Congress continues to face major hurdles in passing a second fiscal aid package. Still, the White House indicated on Thursday it’s willing to back a $US1.5 trillion spending bill, an increase […]
US trade mixed as traders mull the pace of economic recovery
Markets

US stocks climb as investors await policy guidance from the Fed

US stocks climbed on Wednesday as investors prepared for updated outlooks and policy commentary from the Federal Reserve. Fed Chair Jerome Powell is set to speak following the conclusion of the Federal Open Market Committee’s two-day meeting. The meeting is the first to take place since the central bank updated […]
US stocks climb as investors await policy guidance from the Fed
Markets

Dow jumps 328 points as Oracle and Nvidia deals boost tech sector

US stocks rallied on Monday on new tech-sector deals and shifting investor sentiment. Oracle leaped after the company won its bid to partner with TikTok’s US operations. Nvidia’s announcement that it would purchase Arm Holdings from SoftBank in a $US40 billion deal boosted semiconductor stocks including Micron and Qualcomm. Oil […]
Dow jumps 328 points as Oracle and Nvidia deals boost tech sector
Markets

Dow climbs 230 points as tech giants rally from last week’s slump

US stocks climbed on Monday as new deals and shifting investor sentiments boosted tech giants. Oracle leaped following reports that the company won its bid to partner with TikTok’s US operations. Nvidia said it would purchase Arm Holdings from Softbank in a $US40 billion deal. The announcement boosted semiconductor stocks […]
Dow climbs 230 points as tech giants rally from last week’s slump
Markets

US stocks rebound on tech rally amid volatile trading

US stocks climbed on Friday, recovering a portion of Thursday’s market sell-off that was led by technology stocks. Stocks are set to record their first back-to-back week of losses since March, when the COVID-19 pandemic was front and centre in investors’ minds, absent of a strong Friday rally. Oil fell […]
US stocks rebound on tech rally amid volatile trading
Markets

Dow sinks 406 points as tech stocks resume volatile sell-off

US stocks sank in turbulent Thursday trading as falling tech giants dragged on benchmark indexes. Tech names rebounded on Wednesday but resumed their downward spiral as investors shunned their still-lofty valuations. Traders also mulled weekly jobless-claims data that signalled lasting pain in the US labour market. Claims totaled 884,000 for […]
Dow sinks 406 points as tech stocks resume volatile sell-off
Markets

Dow plummets 632 points as tech-sector carnage spoils another day

US stocks sank on Tuesday as investors sold-off tech giants and bought safe-haven assets. The tech-heavy Nasdaq composite index dropped more than 4%, extending its loss to 11% in the period since Sept. 2. Tech giants including Apple,Microsoft, and Facebook led the decline, while Treasurys and the dollar gained. Investors […]
Dow plummets 632 points as tech-sector carnage spoils another day
Markets

Oil plunges 9% as major producers slash prices on demand weakness

Oil contracts slumped on Tuesday as industry giants cut prices in an effort to support market demand. West Texas Intermediate crude tumbled as much as 9.2%, to $US36.13 a barrel. Brent crude sank as much as 6.7%, to $US39.79, at intraday lows. The sell-offs began over the holiday weekend after […]
Oil plunges 9% as major producers slash prices on demand weakness
Markets

US stocks tumble as sharp tech sell-off accelerates

US equities tumbled on Tuesday as investors continued dumping tech stocks and buying safe-haven assets. Tech giants including Apple,Microsoft, and Facebook dragged on major indexes, while Treasurys and the dollar gained. Investors also digested President Trump’s plan to end US’s reliance on Chinese exports. The statement threatens to reignite the […]
US stocks tumble as sharp tech sell-off accelerates
Markets

Dow tanks 808 points as tech-stock exodus drives worst day since June

US equities tanked the most since June on Thursday as investors dumped highly valued tech stocks. Every one of the S&P 500’s 11 sectors plunged throughout the day. Energy stocks suffered the least damage with a roughly 1% drop, while the information technology sector plummeted about 6%. A lower-than-expected weekly […]
Dow tanks 808 points as tech-stock exodus drives worst day since June
Markets

US stocks trade mixed amid strong earnings and healthy Chinese manufacturing data

US stocks fluctuated on Tuesday as investors mulled corporate earnings and encouraging economic data out of China. Zoom Technologies leaped alongside other work-from-home stocks after trouncing Wall Street’s second-quarter estimates and raising its forward guidance. A private gauge of small Chinese manufacturers gained in August to its highest level since […]
US stocks trade mixed amid strong earnings and healthy Chinese manufacturing data
Markets

S&P 500, Nasdaq close at records as data signals continued recovery

US equities gained on Friday on better-than-expected economic data. Both the S&P 500 and Nasdaq composite notched record highs. Consumer spending in the US grew 1.9% in July, beating economists’ 1.5% estimate and signalling a continued, albeit slowing, economic recovery. The Dow Jones industrial average erased its 2020 losses. The […]
S&P 500, Nasdaq close at records as data signals continued recovery
Markets

S&P 500, Nasdaq close at record highs amid encouraging economic data

US stocks jumped on Wednesday as investors cheered better-than-expected economic data and strong corporate earnings reports. The S&P 500 and Nasdaq composite closed at record levels, extending all-time highs from the previous day. US durable-goods orders climbed 11.2% in July, the Census Bureau said. The reading trounced economists’ 4.8% estimate […]
S&P 500, Nasdaq close at record highs amid encouraging economic data
Markets

US stocks hover near records as investors digest strong corporate earnings

US equities wavered near all-time highs as investors weighed healthy earnings results, positive economic data, and falling daily COVID-19 infections. Salesforce.com,Urban Outfitters, and HP Enterprise all gained after beating Wall Street estimates for quarterly profits. US durable goods orders gained 11.2% in July, according to the Census Bureau. The reading […]
US stocks hover near records as investors digest strong corporate earnings
Markets

US stocks jump as COVID treatment hopes extend record-setting rally

US equities gained on Monday on positive news around coronavirus treatments and relaxing US-China relations. The Food and Drug Administration issued emergency authorization for using plasma to treat COVID-19. Separately, the White House is looking to fast-track AstraZeneca’s experimental coronavirus vaccine, according to the Financial Times. Bloomberg reported Sunday the […]
US stocks jump as COVID treatment hopes extend record-setting rally
Markets

Oil plunges after Fed and OPEC+ sound alarms on long-term demand weakness

Oil contracts sank on Thursday after gloomy commentary from the Federal Reserve and OPEC+ weighed on hopes for a market recovery. West Texas Intermediate crude fell as much as 3.3%, to $US41.50 per barrel. International benchmark Brent crude dropped 3%, to $US44.02 per barrel, at intraday lows. Fed officials expressed […]
Oil plunges after Fed and OPEC+ sound alarms on long-term demand weakness
Markets

S&P 500 closes 0.1% from record high after climbing on tech-sector strength

US stocks climbed on Monday as investors weighed fresh capital injections from the People’s Bank of China. The central bank added 700 billion yuan ($US101 billion) to China’s financial system on Monday, signalling the adoption of a more accommodative monetary-policy strategy. The S&P 500 crept back near its February 19 […]
S&P 500 closes 0.1% from record high after climbing on tech-sector strength
Markets

US stocks fall as tech slump outweighs tax-cut hopes

US equities slipped on Tuesday as tumbling tech giants erased indexes’ early gains. Stocks initially soared higher after President Donald Trump said on Monday afternoon that he was considering lowering the US capital-gains tax. Such a move would increase investors’ realised profits. Investors also mulled Russia’s announcement that it had […]
US stocks fall as tech slump outweighs tax-cut hopes
Markets

Oil rises after Saudi Aramco sees Asia demand nearing full rebound

Crude oil futures rose on Monday after Saudi Aramco issued a bullish forecast for market demand. The oil producer’s CEO said Sunday he sees Asian demand nearing pre-pandemic highs as economies reopen. West Texas Intermediate crude jumped as much as 1.8%, to $US41.96 per barrel, while international standard Brent crude […]
Oil rises after Saudi Aramco sees Asia demand nearing full rebound
Markets

Dow jumps 373 points as stimulus hopes blot out weak jobs data

US stocks climbed on Wednesday as investors maintained optimism for a bipartisan stimulus measure. Democrats and the Trump administration hope to reach a deal by the end of the week but remain split on issues including expanded unemployment benefits and aid for state and local governments. Fears of rising US-China […]
Dow jumps 373 points as stimulus hopes blot out weak jobs data
Markets

Dow climbs 236 points, Nasdaq hits record high as tech giants soar

US equities gained on Monday as investors focused on deliberations on a new stimulus bill and looked past escalating China tensions. Tech giants drove the Nasdaq composite to a record intraday high. Microsoft led the pack after confirming its talks about buying TikTok. Congressional leaders and Trump administration officials met […]
Dow climbs 236 points, Nasdaq hits record high as tech giants soar
Markets

US stocks climb as stimulus hopes outweigh fresh China tensions

US stocks climbed on Monday as investors focused on deliberations on a new stimulus bill and looked through escalating China tensions. Congressional leaders and Trump administration officials met over the weekend to continue ironing out a second fiscal relief measure. Negotiations around expanded unemployment benefit remain at a standstill following […]
US stocks climb as stimulus hopes outweigh fresh China tensions
Markets

Dow slides 226 points as record GDP plunge offsets pre-earnings tech rally

US stocks slid on Thursday after economic data showed the US’s biggest gross domestic product contraction on record. The country’s economy shrank at an annualized rate of 33% in the second quarter, the Commerce Department announced Thursday. Economists expected a contraction of roughly 35%. Jobless claims data pointed to lasting […]
Dow slides 226 points as record GDP plunge offsets pre-earnings tech rally
Markets

US stocks cap off weekly gain as strong bank earnings offset Netflix disappointment

US stocks closed mixed on Friday as traders weighed disappointing quarterly figures from Netflix and gloomy consumer sentiment data. Both the S&P 500 and Dow Jones industrial average finished the week with gains exceeding 1%. Netflix missed estimates for second-quarter profits and third-quarter subscriber additions. A preliminary July reading of […]
US stocks cap off weekly gain as strong bank earnings offset Netflix disappointment
Markets

Nasdaq closes at record as traders cheer strong jobs report

US equities rose on Thursday after June’s jobs report trounced estimates and lifted hopes for a swift economic recovery. The tech-heavy Nasdaq Composite index closed at a record high. American businesses added 4.8 million payrolls last month, according to the Bureau of Labour Statistics, handily beating expectations of a 3 […]
Nasdaq closes at record as traders cheer strong jobs report
Markets

Dow surges 440 points after US adds way more jobs than expected in June

US equities soared on Thursday after June’s jobs report trounced estimates and lifted hopes for a swift economic recovery. American businesses added 4.8 million payrolls last month, according to the Bureau of Labour Statistics, handily beating expectations of a 3 million payroll increase. The unemployment rate fell to 11.1%, below […]
Dow surges 440 points after US adds way more jobs than expected in June
Markets

Oil plummets 8% on 2-pronged threat from COVID resurgence and inventory increase

Oil prices slumped on Wednesday as investors stared down a larger-than-expected jump in US crude inventories and surging COVID-19 case counts in several states. Inventories leaped by 1.75 million barrels to 545 million barrels last week, according to an American Petroleum Institute report seen by Reuters. Economists expected a build-up […]
Oil plummets 8% on 2-pronged threat from COVID resurgence and inventory increase
Markets

Dow dives 700 points on mounting fears of a 2nd virus wave

US equities sank on Monday as investors turned less optimistic towards a sharp economic recovery. Fears of a second wave of COVID-19 cases intensified, with Texas and North Carolina reporting record hospitalizations on Saturday. California, Alabama, and Florida notched sharp increases in daily cases. Airline stocks including Delta, United, and […]
Dow dives 700 points on mounting fears of a 2nd virus wave
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