Markets

US stocks retreat from record highs as stimulus deadlock continues

US stocks retreated from record highs on Wednesday as a deadlock in stimulus negotiations continued. The reversal came after the Dow Jones industrial average, S&P 500, and Nasdaq composite all notched new intraday records in morning trades. Senate Majority Leader Mitch McConnell slammed Democrats on Wednesday for not lining up […]
US stocks retreat from record highs as stimulus deadlock continues
Markets

Dow, S&P 500 hit new records as fiscal-stimulus hopes remain elevated

US stocks gained on Wednesday as investors continue to hold out hope for another round of fiscal stimulus to help hasten the economic recovery from the COVID-19 pandemic. The Dow Jones industrial average and S&P 500 reached new intraday records in early trading. While there continues to be back-and-forth negotiations […]
Dow, S&P 500 hit new records as fiscal-stimulus hopes remain elevated
Markets

US stocks slide as investors balk at stimulus delay and surging COVID-19 cases

US stocks fell on Tuesday as new hurdles to passing a stimulus deal curbed investor optimism. Senate Majority Leader Mitch McConnell refused to back a $US908 billion proposal on Monday, instead urging Congress to pass a package that includes pandemic-related liability protections for businesses. The package had garnered support from […]
US stocks slide as investors balk at stimulus delay and surging COVID-19 cases
Markets

Dow climbs 230 points on strong earnings and stimulus hopes

US stocks climbed on Friday as investors look to close out a volatile week on a positive note. Sentiment was lifted after a series of strong earnings report from major corporations. Investor also continue to pin hopes on another round of fiscal stimulus after central banks warned of continued economic […]
Dow climbs 230 points on strong earnings and stimulus hopes
Markets

US stocks waver as virus resurgence catches up with vaccine optimism

US stocks stalled on Thursday as investors weighed vaccine hopes and market momentum against continually soaring COVID-19 cases and new economic restrictions. At least 142,755 new coronavirus cases were reported in the US on Wednesday, according to The New York Times, marking the second straight day of record increases. Some […]
US stocks waver as virus resurgence catches up with vaccine optimism
Markets

Tech stocks lead market higher as post-election rally continues

Technology stocks rebounded on Wednesday, helping lead the market higher as a post-election rally in stocks continued. Wednesday’s move came after two days of strong value and cyclical stock outperformance following the news of successful COVID-19 vaccine results from Pfizer and BioNtech. But the COVID-19 pandemic isn’t over, as the […]
Tech stocks lead market higher as post-election rally continues
Markets

US stocks stutter as massive rotation drags on tech and boosts reopening trade

US stocks wavered on Tuesday as momentum from Monday’s rally extended the shift from expensive growth stocks to small-cap and cyclical picks. The tech-heavy Nasdaq composite sank, while the Dow Jones industrial average and the small-cap-focused Russell 2000 gained. While Pfizer and BioNTech’sMonday vaccine update bolstered investors’ risk appetites, soaring […]
US stocks stutter as massive rotation drags on tech and boosts reopening trade
Markets

Dow leaps 555 points as investors eagerly await election results

US stocks surged on Tuesday as investors eagerly awaited the results of Tuesday’s presidential election. A decisive election winner would remove uncertainty from the market and spur investors to buy stocks, one Wall Street strategist said. Stocks moved higher on broad participation from many sectors, with the industrial, information technology, […]
Dow leaps 555 points as investors eagerly await election results
Markets

Dow climbs 340 points as Americans head into Election Day

US stocks surged on Tuesday as tens of millions of Americans headed to the election polls to vote for the next President of the United States. The election has represented a sizable overhang for investors over the past few months, as the potential outcome could have wide ranging implications for […]
Dow climbs 340 points as Americans head into Election Day
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