U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy. The S&P 500 was 1.4% higher at 3,850 in afternoon trading, topping its record closing level of 3,824.68 set earlier this month. The...
Stocks Fall as Economy’s Pain Deepens, Head for Weekly Loss
NEW YORK — Stocks are pulling lower on Friday after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline. The S&P 500 was down 0.5% in afternoon trading, with stocks of companies that most need a healthier economy taking the...
US Stocks Open Higher After Trump Signs $900B Aid Package
NEW YORK — Stocks began the final week of 2020 slightly higher after President Donald Trump signed a $900 billion economic aid package that helps reduce uncertainty amid the re-imposition of travel and business curbs in response to a new coronavirus variant. The S&P 500 index was up 0.7 percent...
Stocks Burst Higher, S&P 500 at Record on Vaccine Hopes
NEW YORK — Stocks are surging Monday, catapulting Wall Street back to record heights, on a burst of hope following encouraging data about a potential COVID-19 vaccine. The S&P 500 was 3.3% higher in morning trading after Pfizer said an early peek at its vaccine data suggests the shots may be...
Tech Leads Rally as Wall Street Shrugs Off Election Limbo
Technology and health care companies led a stock market rally Wednesday, as Wall Street embraced the upside of more gridlock in Washington even as the outcome of the U.S. presidential election remained in limbo. The S&P 500 rose 2.2% for its best day in five months. The benchmark index had...
Stocks Rally Again Worldwide as Election Day Finally Arrives
NEW YORK — Stocks are rallying Tuesday as Election Day finally arrives after a punishing campaign that created enough uncertainty to help send markets spinning. The S&P 500 was 2.3% higher in morning trading and heading for a second straight gain. The Dow Jones Industrial Average was up 671 points,...
Stocks Fall on Wall Street as Hopes Fade for Stimulus Deal
Stocks gave up early gains and closed lower Wednesday, adding to Wall Street's losses from a day earlier. The S&P 500 fell 0.7% after spending the morning swaying between small gains and losses. Companies that rely on consumer spending, banks and technology and communication stocks bore the brunt of the...
Stocks Rise as Trump Tweets on Stimulus Keep Market Spinning
NEW YORK — Stocks are recovering on Wall Street Wednesday after President Donald Trump appeared to backtrack on his decision to halt talks on another rescue effort for the economy. The S&P 500 was 1.3% higher in morning trading after Trump sent a series of tweets late Tuesday saying he’s...
Trump Calls Off Talks on New Stimulus Bill. Stocks Drop.
NEW YORK — Stocks dropped suddenly on Wall Street Tuesday afternoon after President Donald Trump ordered a stop to negotiations with Democrats over another round of stimulus for the economy, which has been punched into a recession by shutdowns related to the coronavirus pandemic. The Dow Jones Industrial Average swung...
Stocks Drop as Coronavirus Crunches the Job Market, Economy
NEW YORK — The stock market’s first reaction to Friday’s stunningly bad jobs report was to take it in stride. But Wall Street slid through the day as investors looked ahead to the likelihood that even worse numbers are on the way. Stocks initially held steady after the government said...