Stocks closed broadly higher on Wall Street Thursday as investors welcomed a report showing the U.S. job market continues to climb out of the crater created by the coronavirus pandemic.
The S&P 500 rose 0.5%, its fourth-straight gain. The index ended the holiday-shortened week with a gain of 4%. The Nasdaq composite climbed to another all-time high, aided by more gains in technology companies. Energy companies notched some of the biggest gains as oil prices strengthened on hopes that a recovering economy will mean more demand.
BEIJING (AP) — Global stock markets and Wall Street futures rose Thursday on hopes for the development of a coronavirus vaccine and ahead of the release of monthly U.S. jobs data.
Investors were encouraged after Pfizer and BioNtech announced preliminary data from a vaccine test, one of a series being carried out by global developers.
At the same time, the populous American states of California and Texas reported daily record highs in new cases....
Stock indexes ended mixed on Wall Street Wednesday, even as the market extended its winning streak to a third day and gains in technology companies pushed the Nasdaq to an all-time high. The S&P 500 rose 0.5%, coming off the heels of a whiplash start to the year where its worst quarterly performance since 2008 gave way to its best quarter since 1998. Treasury yields and the price of oil rose. Stocks in Europe fell, while markets in Asia ended mixed. Encouraging reports on the U.S. economy helped nudge the market higher. Investors continue to balance signs that the economy is improving after grinding nearly to a halt in the spring due to the coronavirus pandemic against worry that the number of new confirmed infections is surging in parts of the U.S. and other hotspots around the globe.
TOKYO (AP) — Global shares mostly dipped on Wednesday, with investors seemingly more cautious after major indexes closed out their best quarter in years.The second quarter gains were the best since 1998 for Wall Street and the largest since 2015 for Europe as hopes for an easing of economic lockdowns spurred market confidence. But a resurgence in COVID-19 cases in some countries, particularly the United States, is tempering that optimism.France’s CAC 40 fell 1.6% to 4,83...
Wall Street capped its best quarter since 1998 Tuesday with more gains, a fitting end to a stunning three months for investors as the market screamed back toward its record heights after a torrid plunge.The S&P 500 climbed 1.5%, bringing its gain for the quarter to nearly 20%. That rebound followed a 20% drop in the first three months of the year, the market’s worst quarter since the 2008 financial crisis. The plunge came as the coronavirus pandemic ground the economy to a halt and millions of people lost their jobs.
TOKYO (AP) — World stock markets were steady on Tuesday as investors weighed evidence of an economic recovery against a rise in reported coronavirus contagions in some countries.Markets were buoyed somewhat by stronger than expected manufacturing data from China, the world’s second largest economy. But other new economic indicators were mixed.France’s CAC 40 rose 0.3% to 4,960, while Germany’s DAX gained 0.7% to 12,318 after new data showed an uptick in eurozone inflat...
Stocks shrugged off a wobbly start to finish solidly higher on Wall Street Monday, as the market clawed back half its losses from last week. The S&P 500 rose 1.5% after having been down 0.3%. The market rallied after a much healthier-than-expected report on the housing market put investors in a buying mood. Technology, industrial and communications stocks accounted for much of the market’s broad gains. European stocks also closed higher. Treasury yields were mixed and oil prices rose. Gains for Boeing and Apple in particular helped to lift Wall Street indexes. Boeing jumped 14.4%, its best day in more than two months. The company’s troubled 737 Max jet looks set to begin test flights soon. Apple added 2.3% as customers keep buying its products regardless of whether they’re quarantined.
BANGKOK (AP) — World stock markets were subdued on Monday as rising virus cases caused some governments to backtrack on pandemic reopenings, or to warn they might have to. Investors have been banking on businesses continuing to reopen, helping to drive a recovery from the worst global downturn since the 1930s Great Depression. But progress has been halting. Wall Street saw a selloff Friday after Texas and Florida reversed course and clamped down on bars again in the nation’s biggest retreat yet.
Fred Imbert and Thomas Franck of CNBC report the Dow drops 700 points to end the week as coronavirus spike raises concern over the economy:Stocks fell sharply on Friday amid concerns over the rising number of coronavirus cases in the U.S. and its impact on the economic recovery.The Dow Jones Industrial Average declined 730 points, or 2.8%. The S&P 500 slid 4.2% and the Nasdaq Composite dropped 2.6%.Those losses led to the major averages’ second weekly drop in three weeks. The Dow and S&...
Stocks on Wall Street fell sharply Friday as confirmed new coronavirus infections in the U.S. hit an all-time high, prompting Texas and Florida to reverse course on the reopening of businesses. The combination injected new jitters into a market that’s been mostly riding high since April on hopes that the economy will recover from a deep recession as businesses open doors and Americans begin to feel more confident that they can leave their homes again. The S&P 500 dropped 2.4%, giving up all of its gains after a rally the day before. The sell-off capped a choppy week of trading that erased the benchmark index’s gains for the month. Even so, the S&P 500 is still on pace for its best quarter since 1998. The surge in the number of confirmed new coronavirus cases prompted Texas and Florida to reverse course and clamp down on bars again. The two states join a small but growing list of those that are either backtracking or putting any further reopenings of their economies on hold because of a resurgence of the virus.
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