stock market

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Dow Just Had Worst Black Friday on Record

Index plunges 905 points over fears of new COVID variant

(Newser) - The stock market opened ugly and stayed that way. Thanks to fears over a powerful new COVID variant discovered in South Africa, the Dow racked up its worst day of 2021, reports CNBC . (The markets closed early, at 1pm, because of the Thanksgiving holiday.) The Dow plunged 905 points...

Dow Futures Drop 800 Points as COVID Variant Emerges
Fears of COVID Variant
Slam Stock Market
UPDATED

Fears of COVID Variant Slam Stock Market

Dow drops more than 2%, and other major indexes in similar straits

(Newser) - Update: Fears of a newly discovered COVID variant has indeed led to a brutal start for the stock market. The Dow plunged about 800 points at the open on Friday, more than 2%, per the AP , while the S&P 500 and Nasdaq also fell, though by smaller percentages. Our ...

Gap Nosedives 24% After Weak Results
Gap, Nordstrom
Nosedive After
Weak Results
MARKETS

Gap, Nordstrom Nosedive After Weak Results

HP was S&P 500's biggest gainer

(Newser) - Wall Street capped another wobbly day of trading Wednesday with an uneven finish for the major stock indexes ahead of the Thanksgiving holiday. The S&P 500 rose 0.2% after wavering between small gains and losses most of the morning, the AP reports. The benchmark index regained its footing...

Oil Prices Rise Despite Biden Move
Oil Prices Rise 
Despite Biden Move
MARKETS

Oil Prices Rise Despite Biden Move

President ordered release of 50M barrels

(Newser) - Stocks closed mixed on Wall Street Tuesday after a day of wobbly trading. Losses in big technology stocks and companies that rely on consumer spending tempered gains elsewhere in the market. The S&P 500 rose 7.76 points, or 0.2%, to 4,690.70. The Dow Jones Industrial...

Late Drop Robs S&P 500 of Record High
Markets Reassured 
by Biden's Fed Move
MARKETS

Markets Reassured by Biden's Fed Move

But late drop robbed S&P 500 of record high

(Newser) - A late drop robbed the S&P 500 of another record high on Wall Street Monday and left major indexes mostly lower after being up for much of the day. The S&P 500 ended 0.3% lower. It was up as much as 1% earlier. The Nasdaq fell 1....

A Wobbly Trading Day Sums Up the Week
A Wobbly Trading Day
Sums Up the Week
MARKETS

A Wobbly Trading Day Sums Up the Week

Dow falls 268 while S&P posts a smaller loss

(Newser) - Stocks wobbled in afternoon trading on Wall Street Friday and gave indexes a mixed finish to a choppy week. The Dow fell 268 points to 35,601, the S&P 500 fell 6 points to 4,697, and the Nasdaq rose 63 points to 16,057. Both the S&P...

Decent Jobs Numbers Help Steady the Market
Decent Jobs Numbers
Help Steady the Market
MARKETS

Decent Jobs Numbers Help Steady the Market

Dow posts a modest lost, and the S&P sees a modest gain

(Newser) - Stocks remained relatively stable Thursday as investors reviewed the latest earnings reports from retailers and an update on the employment market. The Dow lost 60 points to close at 35,870, while the S&P 500 rose 15 points to 4,704 and the Nasdaq rose 72 points to 15,...

4.7% Drop for Visa Weighs Down S&P 500
Visa Dives 4.7% After
Big Move From Amazon
MARKETS

Visa Dives 4.7% After Big Move From Amazon

Company will no longer accept UK-issued Visa cards

(Newser) - Stock indexes shuffled lower on Wall Street Wednesday, pulling a bit further off their record heights. The bond market was relatively calm following turbulent trading recently amid worries about high inflation. The yield on the 10-year Treasury fell to 1.59%. Shorter-term yields also fell, giving up a portion of...

Report on Consumer Spending Gives Markets a Boost

Government says consumers stepped up their spending despite inflation

(Newser) - Stocks closed higher on Wall Street Tuesday as investors reviewed solid earnings reports from retailers and an encouraging update on consumer spending. Home Depot rose 5.8% after the home improvement retailer reported surging sales and solid profits last quarter amid a hot housing market, the AP reports. New data...

Casper Surges 89% on Buyout News
Casper Surges 89%
on Buyout News
MARKETS

Casper Surges 89% on Buyout News

Major indexes were little changed

(Newser) - Major indexes ended a wobbly day mostly lower on Wall Street as the market comes off its first weekly loss in six weeks. The S&P 500 ended little changed and the Dow Jones Industrial Average edged barely higher, the AP reports. The yield on the 10-year Treasury note rose...

Markets Rise, but a 5-Week Win Streak Is History

Report about high inflation led to weekly losses

(Newser) - Stocks had a decent day on Friday, but it wasn't enough to lift the markets into positive territory for the week. The Dow rose 179 points to 36,100, the S&P 500 rose 33 points to 4,682, and the Nasdaq rose 156 points to 15,860. All...

S&P, Dow Take Opposite Directions
S&P, Dow Take
Opposite Directions
MARKETS

S&P, Dow Take Opposite Directions

One ticks up, the other goes down

(Newser) - Stocks had a mixed day of trading Thursday, one day after a surge in inflation tripped up major indexes. The benchmark S&P 500 ticked up 2 points to 4,659, but the Dow fell 158 points to 35,921. The Nasdaq, meanwhile, gained 84 points to close at 15,...

Inflation Report Roils Bond Markets
Inflation Report
Hits Markets Hard
MARKETS

Inflation Report Hits Markets Hard

Dow dropped 240 points

(Newser) - An eye-opening report on inflation that was hotter than expected slammed into the bond market on Wednesday, sending yields jumping, and helping knock stocks lower, the AP reports. The sharpest inflation since 1990 forced investors to boost bets that the Federal Reserve will have to raise short-term interest rates more...

Markets' Longest Winning Streak Since 2019 Is Over

Tesla drops another 12%

(Newser) - US stocks closed lower Tuesday, ending the market’s longest winning streak in more than two years. The S&P 500 fell 0.4%. The Dow Jones Industrial Average lost 0.3% and the Nasdaq fell 0.6%. Tesla slumped again, losing 12% after its CEO Elon Musk said over...

$1T Infrastructure Bill Boosts Construction Stocks

S&P 500 hits record high after 8th straight gain

(Newser) - Stocks notched some modest gains on Wall Street Monday, enough to mark more record highs for major US indexes. The S&P 500 edged up 0.1% for its eighth straight gain, matching its longest winning streak since April 2019, though most of the gains during that stretch have been...

Wall Street Is Happy With New Jobs Numbers
Wall Street Is Happy
With New Jobs Numbers
MARKETS

Wall Street Is Happy With New Jobs Numbers

Dow rises more than 200 points

(Newser) - Stocks rose broadly on Wall Street Friday as traders welcomed news of a rebound in hiring by US employers last month, per the AP . The Dow rose 203 points to 36,327, the S&P 500 rose 17 points to 4,697, and the Nasdaq rose 31 points to 15,...

Dow Slips, but S&P Grabs Another Record
Dow Slips, but S&P
Grabs Another Record
MARKETS

Dow Slips, but S&P Grabs Another Record

Nasdaq also reaches a new high

(Newser) - Stocks wound up a mixed bag on Wall Street Thursday, but big gains in several technology giants helped push the S&P 500 and the Nasdaq indexes to more record highs, per the AP . The S&P gained 19 points to 4,680 and the tech-dominated Nasdaq rose 128 points...

Stocks Hit More Record Highs After Fed Announcement

Activision, Zillow were among the day's losers

(Newser) - Stocks climbed to more record highs Wednesday after the Federal Reserve said it will begin dialing back the extraordinary aid for the economy it has been providing since the early days of the pandemic. The S&P 500 rose 29.92 points, or 0.6%, to 4,660.57. The...

Dow Finishes Above 36K for the First Time
Dow Closes Over 36K
for the First Time
MARKETS

Dow Closes Over 36K for the First Time

S&P 500 also hit a new record

(Newser) - Stocks closed higher on Wall Street Tuesday, pushing the Dow Jones Industrial Average to its first close above 36,000 points. The Dow added 138.79 points, or 0.4%, and closed at 36,052.63. The S&P 500 rose 16.98 points, or 0.4%, to 4,630....

Tesla Jumps 8.5% as Major Indexes Reach Record Highs

Dow was up 94 points

(Newser) - Stocks ended a wobbly day modestly higher on Wall Street, enough to notch more all-time highs for major indexes. The S&P 500 rose 8.29 points, or 0.2%, to 4,613.67. The Dow Jones Industrial Average rose 94.28 points, or 0.3%, to 35,913.84....

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