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Tags : "Dow Jones"

Wall Street falls as pandemic hurts consumer confidence and earnings;

Wall Street closed lower on Tuesday as investors fretted about weakening consumer confidence, disappointing financial results and as investors worried about wrangling in the U.S. Congress over a coronavirus aid plan. Weighing heavily on the Dow were industrial conglomerate 3M Co, down 4.8%, after it reported a second-quarter plunge in demand across its businesses and […]Read More

US stocks tumble as Fed chief warns downturn may be

Wall Street stocks slumped for a second straight session Wednesday after the Federal Reserve chief highlighted the risks facing the US economy after coronavirus shutdowns. The Dow Jones Industrial Average sank 2.2 percent, or more than 500 points, to 23,247.97. The broad-based S&P 500 fell 1.8 percent to 2,820.00, while the tech-rich Nasdaq Composite Index […]Read More

S&P 500, Dow drop as financial sector declines counter tech

The S&P 500 and the Dow fell on Wednesday as declines in financials and defensive groups countered gains in tech shares and as data showed U.S. private employers laid off 20 million workers in April, underscoring the economic fallout of the coronavirus outbreak. The tech-heavy Nasdaq ended higher, although indexes pulled back late in the […]Read More

Wall Street rises as lockdowns ease, healthcare shares jump

Wall Street’s main indexes gained on Tuesday as healthcare stocks rallied, oil prices surged and a number of countries and U.S. states eased coronavirus-induced restrictions in an attempt to revive their economies. Stocks pulled back sharply late in the session after Federal Reserve Vice Chair Richard Clarida made downbeat comments about the depth of the […]Read More

Wall Street tumbles as renewed tariff threat adds to uncertainties

NEW YORK: Wall Street sold off sharply on Friday after President Donald Trump revived a threat of new tariffs against China in response to the COVID-19 pandemic, which has brought global economies to a grinding halt. All three major U.S. stock averages closed down well over 2%, and for the week they all lost ground. […]Read More

Dow Jones slips after grim jobless claims data

The S&P 500 and Dow Jones indexes dipped on Thursday as a grim US jobless claims report took the shine off a strong month for stock markets globally, but encouraging quarterly earnings reports from Facebook and Tesla supported the Nasdaq. Nine of the 11 major S&P 500 sectors were trading lower, but declines were led […]Read More

US stocks finish positive amid virus optimism, Dow +1.1%

Cautious optimism on Wall Street propelled US stocks to a positive finish on Friday, despite mounting evidence of the coronavirus pandemic’s deep damage to the American economy. At the closing bell, the Dow Jones Industrial Average was up 1.1 percent at 23,775.27. The broad-based S&P 500 climbed 1.4 percent to end at 2,836.74, while the […]Read More

Dow, S&P 500 slide as focus shifts to earnings; Nasdaq

NEW YORK: The Dow and S&P 500 fell on Monday as U.S. firms ready to kick off a quarterly earnings season anticipated to be tough due to the coronavirus pandemic, whereas Amazon.com gains helped the Nasdaq finish increased. Stocks pared losses late within the day, with the Nasdaq registering its first three-day streak of gains […]Read More

US Stocks: Oil drop saps gains as Wall Street fades

NEW YORK: Wall Street fell on Tuesday, as a drop in oil costs steepened within the latter levels of the session and erased early gains constructed on tentative indicators that coronavirus outbreaks in among the greatest U.S. sizzling spots could also be leveling. The S&P initially appeared poise so as to add to a 7% […]Read More

Wall Street dives 4% as virus pandemic fears intensify

Wall Street’s three main indexes fell greater than 4% on Wednesday, after President Donald Trump’s dire warning on the U.S. demise toll from the coronavirus despatched buyers operating from even essentially the most defensive equities. Trump warned Americans late Tuesday of a “painful” two weeks forward and well being officers highlighted analysis predictions of an […]Read More