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Wall Street's Strong Finish
Erases Week's Losses

MARKETS

Mar 26, 2021 3:12 PM CDT

Wall Street's Strong Finish Erases Week's Losses

Dow rises 453 points

(Newser) - US stocks rose on Friday, erasing the market’s losses from earlier in the week and helping Wall Street avoid a second straight weekly drop. The benchmark S&P 500 rose 65 points, or 1.6%, to 3,974, and some of the biggest gains came from companies whose profits...

Stocks Finish Stronger
After a Shaky Start

Mar 25, 2021 3:20 PM CDT

Stocks Finish Stronger After a Shaky Start

Dow is up nearly 200 points

(Newser) - Stocks closed higher on Wall Street Thursday after shaking off some wobbles from earlier in the day. Gains for banks and industrial companies offset weakness in Big Tech stocks including Facebook and Microsoft, per the AP . The Dow rose 199 points, or 0.6%, to 32,619; the S&P...

Tech Stocks Take a Beating on Wall Street

GameStop Just Lost
a Third of Its Value

MARKETS

Mar 24, 2021 3:53 PM CDT

GameStop Just Lost a Third of Its Value

Tech stocks took a beating Wednesday

(Newser) - Stocks gave up an early gain and wound up broadly lower on Wall Street, led by declines in tech heavyweights like Facebook and Apple. The S&P 500 gave up 0.5% Wednesday, its second loss in a row, while the tech-heavy Nasdaq dropped 2%. Bond yields mostly fell after...

Bank Among the Biggest Losers as Stocks Drop

It's Been a Year Since
Markets' Free-Fall Ended

MARKETS

Mar 23, 2021 3:59 PM CDT

It's Been a Year Since Markets' Free-Fall Ended

Indexes dipped on anniversary of COVID-era low

(Newser) - Stocks closed broadly lower on Tuesday and gave back nearly all of their gains from a day earlier as technology, industrial, and bank stocks fell. The S&P 500 fell 30.07 points, or 0.8%, to 3,910.52. Technology stocks were the biggest drag on the market and...

Railroad Was
Biggest Mover
in S&P 500

MARKETS

Mar 22, 2021 3:52 PM CDT

Railroad Was Biggest Mover in S&P 500

Kansas City Southern is being bought by Canadian firm

(Newser) - Technology companies led stocks higher on Wall Street Monday, reversing some of the market's losses from last week, as investors welcomed some easing in long-term bond yields. The S&P 500 index rose 0.7%, as gains in technology, communication, and other stocks outweighed a pullback in financial companies,...

Dow Slips Again, With
Banks Unhappy About Fed

MARKETS

Mar 19, 2021 3:07 PM CDT

Dow Slips Again, With Banks Unhappy About Fed

Index drops 232 points

(Newser) - The Dow ended the week on a sour note, though other indexes didn't fare as badly. The Dow fell 234 points on the day to 32,627, while the S&P 500 dropped 2 points to 3,913, and the Nasdaq rose 99 points to 13,215. Bank stocks...

Tech Companies
Pull Down Markets

MARKETS

Mar 18, 2021 3:07 PM CDT

Tech Companies Pull Down Markets

Nasdaq falls 3%

(Newser) - Stocks closed lower Thursday, as higher bond yields once again pulled down shares of technology companies and the energy sector sold off on a drop in oil prices, per the AP . The fell 153 points to 32,862, the S&P 500 fell 58 points to 3,915, and the...

Dow Passes 33K After
Fed Announcement

MARKETS

Mar 17, 2021 4:03 PM CDT

Dow Passes 33K After Fed Announcement

Interest rate likely to stay near zero until 2023

(Newser) - The Dow Jones Industrial Average and the S&P 500 closed at record highs Wednesday after the Federal Reserve said it expects its key interest rate to remain near zero through 2023. The central bank’s commitment to keeping rates at rock bottom lows comes even as it forecasts the...

Tech Stocks Rebound
as Wider Market Drops

MARKETS

Mar 16, 2021 4:21 PM CDT

Tech Stocks Rebound as Wider Market Drops

S&P 500 failed to equal year's longest winning streak

(Newser) - Wall Street capped a choppy day of trading Tuesday with stock indexes closing mostly lower after coming within striking distance of matching the market's longest winning streak of the year. The S&P 500 fell 0.2% after wobbling between small gains and losses most of the day. The...

Dow, S&P 500 Had a
Sizzling Start to the Week

MARKETS

Mar 15, 2021 3:59 PM CDT

Dow, S&P 500 Had a Sizzling Start to the Week

Both indexes rose to new record highs

(Newser) - Stocks bounced back from a wobbly start Monday to notch a fifth straight gain, as Wall Street continued to eye the bond market. The S&P 500 index rose 0.7% to a new high as technology and consumer discretionary shares’ gains were offset by falling banks and energy stocks,...

Dow Pushes to Another
Record, but Tech Suffers

MARKETS

Mar 12, 2021 3:05 PM CST

Dow Pushes to Another Record, but Tech Suffers

Index rises nearly 300 points

(Newser) - Wall Street had a mixed day on Friday, with the Dow up but technology stocks down. For the day, the Dow rose 293 points to another record close of 32,778; the S&P 500 ticked up 4 points to 3,943; and the Nasdaq, which is heavy on tech...

Big Tech Gives
Markets a Boost

MARKETS

Mar 11, 2021 3:03 PM CST

Big Tech Gives Markets a Boost

Dow climbs nearly 200 points

(Newser) - Technology stocks led the stock market to broad gains and more records on Thursday. The Dow rose 188 points, or .5%, to 32,485; the S&P 500 rose 40 points, or 1%, to 3,939; and the tech-dominated Nasdaq rose 329 points, or 2.5%, to 13,399. The...

Roblox Surges 55%
in Stock Market Debut

MARKETS

Mar 10, 2021 3:56 PM CST

Roblox Surges 55% in Stock Market Debut

Dow Jones hits new record high

(Newser) - The stock market's big success story Wednesday was videogame maker Roblox, which surged 55% on its debut. The company, which enables users to play online games created by others on the platform, was valued at around $4 billion just a year ago, but the leap from a reference price...

Nasdaq Roars Back
After Bond Yields Dip

MARKETS

Mar 9, 2021 3:49 PM CST

Nasdaq Roars Back After Bond Yields Dip

Tech-heavy index had best day in almost a year

(Newser) - Gains for major tech companies powered a 3.7% surge in the Nasdaq Tuesday, the largest jump for the index in almost a year. The latest swing came a day after the tech-driven index sank more than 10% below its February peak. Markets have been adjusting to a rapid increase...

Slumping Tech Stocks
Drag S&P 500 Down

MARKETS

Mar 8, 2021 3:51 PM CST

Slumping Tech Stocks Drag S&P 500 Down

Investors are betting stimulus will work

(Newser) - Wall Street ended mixed as slumps in several Big Tech companies offset gains in many other parts of the market. Because of their huge size, the drops in Apple, Google’s parent company, and other major technology stocks pulled the S&P 500 to a loss of 0.5% Monday...

Markets End Week In a Surge

MARKETS

Mar 5, 2021 3:06 PM CST

Markets End Week In a Surge

Dow and benchmark S&P 500 rise about 2%

(Newser) - Wall Street closed out a turbulent week in strong fashion Friday on the heels of an upbeat report on employment . The Dow rose 572 points, or 1.8%, to 31,496; the S&P 500 rose 73 points, or 1.9%, to 3,841; and the Nasdaq rose 196 points,...

Fed Chief's
Comments
Rattle
Markets

MARKETS

Mar 4, 2021 3:15 PM CST

Fed Chief's Comments Rattle Markets

Jerome Powell's 'wait-and-see' message on rates fails to reassure investors

(Newser) - Stocks moved broadly lower on Wall Street Thursday as bond yields made another upward spike, renewing pressure on high-flying technology stocks, per the AP . The Dow fell 345 points, or 1.1%, to 30,924; the S&P 500 fell 51 points, or 1.3%, to 3,768; and the...

Inflation Fears Rattle
Tech Investors

MARKETS

Mar 3, 2021 4:04 PM CST

Inflation Fears Rattle Tech Investors

'The good news to remember is there are other groups taking the baton'

(Newser) - Technology companies led stocks lower on Wall Street Wednesday as another rise in bond yields rattled investors. Higher bond yields can signal that inflation could be on the way as the economy picks up—and many believe the economy this year could see a rebound with growth coming in at...

Zoom Drops 7% as
Markets Pull Back

MARKETS

Mar 2, 2021 3:44 PM CST

Zoom Drops 7% as Markets Pull Back

Nielsen surges 7.7% after Roku deal

(Newser) - Stocks closed lower on Wall Street after a wobbly day, giving back some of their big gains from a day earlier. The S&P 500 lost 0.8% Tuesday after flipping between small gains and losses throughout the day. A day before, it leaped 2.4% for its best performance...

S&P 500 Just Had
Its Best Day Since June

MARKETS

Mar 1, 2021 3:37 PM CST

S&P 500 Just Had Its Best Day Since June

Stocks rose across the board Monday

(Newser) - Stocks rallied on Wall Street Monday, pushing the S&P 500 to its biggest gain in nine months. The 2.4% jump in the benchmark index followed back-to-back weekly losses and came as investors were relieved to see long-term interest rates easing lower in the bond market. Higher interest rates...