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AP News | Equities.com |

Stocks plowed higher on Wall Street Monday, as hopes for a COVID-19 treatment and vaccine had investors looking ahead to the possibility of a healthier economy that has shed the virus.

The S&P 500 rallied 34.12, or 1%, to 3,431.28 and added to the all-time high it set last week, when it erased the last of its losses from the coronavirus pandemic. It followed up on solid gains for stock markets across much of Europe and Asia.


Reuters | Equities.com |

SINGAPORE (Reuters) - The enormous rally in tech stocks has further to run, according to analysts at investment bank J.P. Morgan, who recommend staying invested across the sector for its growth potential.

Stocks across the industry, from hardware to software, have outperformed the market by miles this year as the COVID-19 crisis accelerates reliance on the internet for commerce.

“In contrast to the dot-com bubble, the current rally has been supported by strong earnings d...


AP News | Equities.com |

The S&P 500 ticked higher to close at another all-time high Friday, powered by strength for technology stocks and a couple reports on the U.S. economy that were better than expected.

The benchmark index rose 11.65 points, or 0.3%, to 3,397.16, even though the majority of stocks in the index weakened. It followed up on losses across Europe after more discouraging reports there indicated a slowdown in its economies.

The Dow Jones Industrial Average climbed 190.60, or 0.7%, to 27,930.33, and the Nasdaq composite added 46.85, or 0.4%, to 11,311.80.


AP News | Equities.com |

Big technology companies powered more gains on Wall Street Thursday, even as most stocks fell following more discouraging data on the economy.

The S&P 500 rose 0.3% after rallying back from an earlier 0.6% loss as investors weighed new government data showing an increase in the number of Americans who sought unemployment aid last week. A separate report from the Federal Reserve Bank of Philadelphia said that manufacturing activity in its region is slowing. Like the jobless claims report, that reading was also weaker than economists had forecast.


AP News | Equities.com |

The S&P 500 pulled back from its newly set record on Wednesday after a meandering day of trading took a late turn lower.

The benchmark index fell 14.93 points, or 0.4%, to 3,374.85, a day after it wiped out the last of its losses created by the pandemic and surpassed its Feb. 19 peak.

The Dow Jones Industrial Average also gave up an earlier gain and lost 85.19, or 0.3%, to 27,692.88. The Nasdaq composite dropped 64.38, or 0.6%, to 11,146.46.


AP News | Equities.com |

Wall Street clawed back the last of the historic, frenzied losses unleashed by the new coronavirus, as the S&P 500 closed at an all-time high Tuesday.

The day’s move was a relatively mild one, nudging the index up 7.79 points, or 0.2%, to 3,389.78. That eclipses the S&P 500′s previous record closing high of 3,386.15, which was set Feb. 19, before the pandemic shut down businesses around the world and knocked economies into their worst recessions in decades.

The S&P 500′s milestone caps a furious, 51.5% rally that began in late March. The index, which is the benchmark for many stock funds at the heart of 401(k) plans, is now up nearly 5% for the year.


AP News | Equities.com |

Wall Street nudged a bit higher on Monday, and the S&P 500 teased even closer to its record high.

The benchmark index rose 9.14 points, or 0.3%, to 3,381.99. Earlier in the day, it briefly crossed above its record closing level of 3,386.15, which was set on Feb. 19 before the pandemic shut down businesses worldwide and created the worst recession in decades. It’s the third time in the last four trading days the index has risen above that record, only to fade later in the day.


Reuters | Equities.com |

Warren Buffett’s Berkshire Hathaway Inc said on Friday it has sold shares of some of the largest U.S. banks, slashing its stakes in Wells Fargo & Co and JPMorgan Chase & Co and exiting an investment in Goldman Sachs Group Inc.

In a regulatory filing detailing its U.S.-listed investments as of June 30, Berkshire also disclosed a new 20.9 million share investment worth $563.6 million in Toronto-based Barrick Gold Corp, one of the world’s largest mining companies.


AP News | Equities.com |

Another afternoon fade for stocks left Wall Street just shy of its record heights on Thursday, after the S&P 500 briefly crossed above its all-time closing high for the second straight day.

The S&P 500 dipped 6.92 points, or 0.2%, to 3,373.43. At one point during the day, it climbed above 3,386.15. That’s the record closing level it set in February, before investors appreciated how much devastation the new coronavirus would cause for the global economy.


AP News | Equities.com |

Stocks marched broadly higher on Wall Street Wednesday, briefly nudging the S&P 500 above its all-time closing high set in February, before the coronavirus pandemic led to a historic market plunge.

The benchmark index notched a 1.4% gain, its eighth in nine days. It ended within 0.2% of its record high from Feb. 19, when the coronavirus seemed like only a far-away worry for Wall Street.