NEW YORK — Stocks jumped Wednesday morning and clawed back much of their sharp losses from the day before as Wall Street's wild, virus-fueled swings extend into a third week. Health care stocks led the market's spurt after a strong performance by Joe Biden in state primaries on Tuesday moved...
Dow Sinks 2.9% After Rate Cut Fails to Stem Market's Dread
NEW YORK — Fear and uncertainty continue to control Wall Street, and stocks fell sharply Tuesday after an emergency interest-rate cut by the Federal Reserve failed to reassure markets wracked by worries that a fast-spreading virus will cause a recession. The Dow Jones Industrial average sank 785 points, or 2.9%....
Global Stocks Rise on Optimism About US-China Deal
TOKYO — Global shares rose Thursday on optimism about a U.S.-China trade deal and the Chinese government's efforts to boost its economy. France's CAC 40 rose 1.4% to 6,058 on the new year's first day of trading, while Germany's DAX was 1% higher at 13,382. Britain's FTSE 100 added 1%...
Trump Ecstatic as Wall Street Sets Records Galore
Retailers and technology companies powered stocks broadly higher on Wall Street Thursday, extending the market's record-setting run. The Nasdaq composite climbed above 9,000 points for the first time as Apple led technology stocks higher. The Dow Jones Industrial Average and S&P 500 also climbed to new highs. The benchmark index...
'The Lion King,' 'Toy Story 4' Help Boost Disney's Profit
NEW YORK — Walt Disney Co. on Thursday reported fiscal fourth-quarter net income that beat Wall Street's expectations thanks to strong theater revenue from films like "The Lion King" and "Toy Story 4," along with higher parks revenue. The results came as Disney readies for the debut Tuesday of its...
S&P 500 Adds to Record as Health Care Stocks Climb
NEW YORK — U.S. stock indexes slinked higher Tuesday, and the S&P 500 added to its record after stronger-than-expected profit reports from drugmakers pushed health care stocks to big gains. The reports from Pfizer and Merck highlighted a mixed set of earnings reports from big companies, including Google's parent. Companies...
Stocks Wobble in Early Trading on Latest Batch of Earnings
NEW YORK — U.S. stocks wobbled between small gains and losses in early trading on Wall Street Thursday as investors reviewed a mixed batch of corporate profits and financial forecasts. Technology stocks made the strongest gains. Microsoft rose 1.5% after handily beating Wall Street's quarterly profit forecast, and PayPal soared...
Climate Activists Block Roads, Camp out in Global Protests
LONDON — Hundreds of climate change activists camped out in central London on Tuesday during a second day of world protests by the Extinction Rebellion movement to demand more urgent actions to counter global warming. Determined activists glued themselves to the British government's Department of Transport building as police working...
US Stocks Move Higher as China Eases Trade Tensions
Stocks rose broadly on Wall Street in afternoon trading Wednesday as investors welcomed China's move to exempt some U.S. products from a recent round of tariffs. Technology, health care and communication services stocks powered much of the gains for the benchmark S&P 500 index, which has been essentially flat for...
US Stock Indexes Slide as China's Currency Hits 11-Year Low
NEW YORK — U.S. stocks nosedived in morning trading on Wall Street Monday as China's currency fell sharply and stoked fears that the trade war between the world's two largest economies would continue escalating. China let its currency, the yuan, sink to an 11-year low against the dollar and under...