CNBC Stocks rose to all-time highs on Thursday as Congress confirmed the election of Joe Biden as president and traders looked past the unrest in Washington. The Dow Jones Industrial Average advanced 221 points, or 0.7%. At one point, the Dow was up more than 300 points. The Nasdaq Composite popped 2.3% — breaking above 13,000 for the first time — as
Fox Business Stocks jumped Tuesday as Americans head to the polls to cast their ballots for the next president. The Dow Jones Industrial Average jumped nearly 500 points, a gain of 1.8%, while the S&P 500 rose 1.7% in what is a broad rally in mid-day trading with all of the 11 major sectors higher. The two were on pace to
CNBC Oil prices dropped more than 8% on Thursday amid a broader market sell-off as fears over a second wave of coronavirus cases led to investors shedding assets. West Texas Intermediate crude futures, the U.S. oil benchmark, fell 8.2%, or $3.26, to settle at $36.34 per barrel. Earlier in the session WTI traded as low as $35.41. International benchmark Brent crude slid 7.7%,
Reuters Wall Street’s S&P 500 and Dow Jones indexes fell on Tuesday, while the tech-heavy Nasdaq hit a record high for the third straight session, as investors eyed this week’s Federal Reserve meeting for signs on how it views a restarting economy. The S&P 1500 airlines index tumbled 7.3%, while cruise operators Carnival Corp and Norwegian Cruise Line Holdings Ltd
CNBC The market’s blistering sell-off over the last month is so bad that investors have already pretty much priced U.S. stocks as if the economy is headed for a recession, based on a history of past declines around economic downturns by RBC. The median and average recession-related market decline sees the S&P 500 plunge 24% and 32%, peak to trough, respectively, RBC
From Reuters U.S. stocks declined on Friday, as the S&P 500 retreated after closing at a record for three straight sessions, following an unexpectedly strong U.S. payrolls report that caused investors to rethink how dovish a turn the Federal Reserve may take. The U.S. Labor Department data showed nonfarm payrolls rose by 224,000 jobs in June, the most in five
The Dow Jones Industrial Average closed above 20,000 for the first time ever as investors prepare for bullish White House policy U.S. equities closed at an all-time high Wednesday as a series of bullish policies from the White House have investors hoping that corporate earnings will likely move higher under President Trump. The Dow closed at 20,068.5, up 0.8% on
Concerns in China push global markets down China’s Shanghai Composite index saw the single largest one-day percentage loss since 2007 earlier today, shedding 8.5% of its value. Even as Chinese authorities allowed pension funds managed by local governments to invest in the stock market for the first time, potentially channeling hundreds of billions of yuan into the country’s market, concerns
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