The major U.S. equity indexes rose Thursday as energy and travel stocks bounced back ahead of a key labor market report. The Dow Jones Industrial Average rose 204 points, or 0.6%. The S&P 500 added 0.4%, while the Nasdaq Composite rose 0.6%. The moves in the stocks came after a mostly lower regular session on […]
Dow falls more than 200 points as jobs data, GM earnings disappoint
U.S. stocks fell on Wednesday after the earnings of a major automaker and a private sector jobs report came in lower than expected. The Dow Jones Industrial Average shed about 288 points, or 0.8%. The S&P 500 slipped by 0.4% while the Nasdaq Composite was slightly higher. The dip came after the S&P 500 broke […]
Dow climbs 200 points, nears record high as bank and industrial stocks rise
U.S. stocks moved higher on Tuesday as strength in bank and industrials stocks outweighed the travel names held back by Covid fears. The Dow Jones Industrial Average jumped about 232 points, or 0.7%, after briefly falling more than 100 points earlier in the session. The S&P 500 gained 0.7%, while the Nasdaq Composite was higher […]
Stocks are little changed to begin August as investors weigh strong earnings vs. delta variant risks
U.S. stocks gave up early gains and churned near the flat line on Monday as investors look to build on six-straight positive months for the broader market. The Dow Jones Industrial Average ticked down about just 7 points and S&P 500 rose 0.1%, well off their highs of the session. The Nasdaq Composite added 0.3%. […]
Utilities are struggling to keep the lights on as fires, drought plague California
A customer shops for groceries at La Tapatia Market during a blackout in Napa, California, on Wednesday, Oct. 9, 2019. David Paul Morris | Bloomberg | Getty Images The electric grid in the West is being tested like never before amid extreme-weather events, including raging wildfires and severe droughts fueled by climate change. Utility companies […]
S&P 500 closes Friday lower as Amazon shares slide, but notches sixth straight positive month
U.S. stocks fell on Friday amid a slide in Amazon shares, but the S&P 500 notched its sixth straight positive month. The broad equity benchmark fell 0.5% to 4,395.26, dragged down by the consumer discretionary and energy sectors. The tech-heavy Nasdaq Composite slipped 0.7% to 14,672.68. The Dow Jones Industrial Average dipped 149.06 points, or […]
Here’s why another tax break on unemployment benefits is unlikely
Stefani Reynolds/Bloomberg via Getty Images The IRS began issuing another 1.5 million tax refunds this week to people who received unemployment benefits in 2020. That adds to the nearly 9 million refunds, worth about $10 billion, the agency sent since May. Funds delivered by direct deposit this week started hitting bank accounts on Wednesday, and […]
Stock starts trading on the Nasdaq
Shares of Robinhood fell about 5% during its Nasdaq debut, after pricing near the low end of its IPO range. The online brokerage started trading at $38 per share, the low end of its range, valuing the company at roughly $32 billion. After dropping as much as 10% to around $34, Robinhood’s market capitalization was about […]
S&P 500 rises as Powell says we have ‘ground to cover’ before Fed changes easy policy
The S&P 500 turned higher on Wednesday after Federal Reserve Chairman Jerome Powell said substantial economic improvement is needed for the central bank to start dialing back its easy-money policies. The broad equity benchmark erased earlier losses and inched up 0.2%. The tech-heavy Nasdaq Composite climbed 0.8%. The Dow Jones Industrial Average dipped 15 points. […]
S&P 500 slips from a record, falling for the first time in six days
U.S. stocks fell for the first time in six days on Tuesday ahead of quarterly earnings reports from several megacap technology companies. The Dow Jones Industrial Average declined 170 points. The S&P 500 fell 0.8%, led to the downside by consumer names, tech and energy. The Nasdaq Composite dipped 1.6%. The major averages are all […]