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“#Stocks surge, tech lags after Senate clears stimulus bill” The Dow Jones industrial average crossed the 32,000 mark for the first time to hit a record high after the Senate cleared a stimulus bill to boost the economy’s recovery from the coronavirus crisis. The blue-chip index climbed more than 2 percent, or 651.74 points, on…
“#Dow adds 600 points as bond jitters ease, vaccinations rise” March is coming in like a lion on Wall Street. The Dow surged more than 600 points on Monday and the S&P 500 had its best day since June as last week’s jitters over the bond market cooled and investors grew increasingly optimistic about fiscal…
“#Markets pop as Fed chair Jerome Powell commits to low interest rates” Federal Reserve Chairman Jerome Powell reiterated plans to keep interest rates close to zero and asset purchases humming along despite signs that the US economy is beginning to recover from the pandemic. After telling the Senate on Tuesday that he was concerned about…
“#Wall Street sets record closing highs on stimulus hopes” Wall Street advanced on Monday, setting a course for record closing highs as stimulus prospects and ongoing vaccine deployment boosted investor optimism over the pace of economic recovery from the pandemic recession. All three major US stock indexes were higher, with the S&P 500 and the…
“#Stocks close higher as Wall Street shrugs off ‘very bad day’ in DC” The Dow Jones industrial average closed at an all-time high on Wednesday as investors brushed off the madness unfolding in DC to focus instead on the prospect of more stimulus funding to boost the economy. The Dow ended the day up 437.80…
“#Stocks on Wall Street fall on Georgia elections, virus surge” The first trading day of 2021 started off with a bang before falling back to earth as traders grappled with hangover effects of 2020. The Dow Jones Industrial Average dropped 382.59 points, or 1.3 percent, to 30,223.89 on Monday after hitting a record high in…
“#Wall Street hits record high after Trump signs fiscal aid bill” Wall Street’s main indexes hit record highs in early trading on Monday as President Donald Trump’s signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery, helping financial and energy stocks. The Dow Jones Industrial Average rose 83.4 points,…
“#Stocks recover as investors await new stimulus bill” US stocks plunged and then recovered Monday as fears about a new coronavirus strain in the UK damped optimism about Congress passing a new stimulus bill. The Dow Jones industrial average tumbled as much as 423.52 points, or 1.4 percent, to 29,804.48 in early trading after British officials…
“#Stocks tumble as new COVID strain overshadows stimulus deal” US stocks were poised to plunge Monday as fears about a new coronavirus strain emerging in the UK outweighed hopes about Congress passing a new stimulus bill. Futures contracts tied to the Dow Jones industrial average tumbled 468 points, or 1.5 percent, to 29,645 as of…
“#Wall Street gains, Nasdaq hits record high as holiday shopping begins” Wall Street stocks advanced, with the Nasdaq closing at a record high, on Friday in a holiday-shortened week as retailers kicked off the year-end shopping season amid record COVID-19 hospitalizations. The Nasdaq outperformed as investors favored tech-related, market-leading stocks that have fared well during…