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MARKETS

Dec 3, 2021 3:15 PM CST

Tech Stocks Help Sink Market Again

Dow falls 59 points

(Newser) - Wall Street slumped anew on Friday in the market's latest bout of dizzying trading, with tech stocks faring the worst. The S&P 500 fell 38 points, or 0.8%, to 4,538. That's after five straight days in which the benchmark index swerved by at least 1....

This Time, Wall Street
Bounces the Right Way

MARKETS

Dec 2, 2021 3:10 PM CST

This Time, Wall Street Bounces the Right Way

Dizzying week continues as the Dow gains 617

(Newser) - Omicron is making for a chaotic week on Wall Street, with the market rebounding strongly on Thursday from Wednesday's big selloff .

The Dow rose 617 points, or 1.8%, to 34,639.
The benchmark S&P 500 rose 64 points, or 1.4%, to 4,577.
The tech-heavy Nasdaq

...

S&P 500 See-Saws as Investors Turn Cautious

Omicron Worries Send
Markets Down Again

MARKETS

Dec 1, 2021 3:49 PM CST

Omicron Worries Send Markets Down Again

'Investors are going to have to get used to the idea that this is not going to be the last variant'

(Newser) - Markets turned cautious again Wednesday, erasing an early gain and ending lower as investors try to handicap how much the new coronavirus variant will impact the economy. The latest roller-coaster ride brought the S&P 500 index up 1.9% in the morning and down 1.2% by the closing...

Fed Chief's Remarks Add
to Wall Street's Woes

MARKETS

Nov 30, 2021 3:44 PM CST

Fed Chief's Remarks Add to Wall Street's Woes

Dow was down 652 points

(Newser) - Wall Street’s losses deepened on Tuesday after the head of the Federal Reserve said it will consider shutting off its support for financial markets sooner than expected. The S&P 500 fell 1.9%. It was already down in the morning amid worries that the omicron variant would hit...

Moderna CEO Predicts 'Material
Drop' in Vaccine Effectiveness

Nov 30, 2021 6:17 AM CST

Moderna CEO Predicts 'Material Drop' in Vaccine Effectiveness

Dow futures sink on Omicron news

(Newser) - Drugmakers and health officials say we won't know for a few weeks just how bad the omicron variant will be, particularly in regard to the current vaccines. In the meantime, sentiment is seesawing, as reflected in world financial markets. Friday was grim , Monday rebounded , and now Tuesday is shifting...

Moderna Jumps 11.8%
as It Tests Vaccine
Against Variant

MARKETS

Nov 29, 2021 3:55 PM CST

Moderna Jumps 11.8% as It Tests Vaccine Against Variant

Markets recover ground after Friday's big drop

(Newser) - The stock market steadied itself Monday following a slide last week brought on by the newest coronavirus variant. Investors are waiting for more clues about just how much damage the new strain may do to the economy. The S&P 500 recovered more than half its drop from Friday. Bond...

Dow Just Had Worst
Black Friday on Record

Nov 26, 2021 12:28 PM CST

Dow Just Had Worst Black Friday on Record

Index plunges 905 points over fears of new COVID variant

(Newser) - The stock market opened ugly and stayed that way. Thanks to fears over a powerful new COVID variant discovered in South Africa, the Dow racked up its worst day of 2021, reports CNBC . (The markets closed early, at 1pm, because of the Thanksgiving holiday.) The Dow plunged 905 points...

Fears of COVID Variant
Slam Stock Market

UPDATED

Nov 26, 2021 8:53 AM CST

Fears of COVID Variant Slam Stock Market

Dow drops more than 2%, and other major indexes in similar straits

(Newser) - Update: Fears of a newly discovered COVID variant has indeed led to a brutal start for the stock market. The Dow plunged about 800 points at the open on Friday, more than 2%, per the AP , while the S&P 500 and Nasdaq also fell, though by smaller percentages. Our ...

Gap, Nordstrom
Nosedive After
Weak Results

MARKETS

Nov 24, 2021 4:11 PM CST

Gap, Nordstrom Nosedive After Weak Results

HP was S&P 500's biggest gainer

(Newser) - Wall Street capped another wobbly day of trading Wednesday with an uneven finish for the major stock indexes ahead of the Thanksgiving holiday. The S&P 500 rose 0.2% after wavering between small gains and losses most of the morning, the AP reports. The benchmark index regained its footing...

Oil Prices Rise
Despite Biden Move

MARKETS

Nov 23, 2021 4:00 PM CST

Oil Prices Rise Despite Biden Move

President ordered release of 50M barrels

(Newser) - Stocks closed mixed on Wall Street Tuesday after a day of wobbly trading. Losses in big technology stocks and companies that rely on consumer spending tempered gains elsewhere in the market. The S&P 500 rose 7.76 points, or 0.2%, to 4,690.70. The Dow Jones Industrial...

Markets Reassured
by Biden's Fed Move

MARKETS

Nov 22, 2021 3:38 PM CST

Markets Reassured by Biden's Fed Move

But late drop robbed S&P 500 of record high

(Newser) - A late drop robbed the S&P 500 of another record high on Wall Street Monday and left major indexes mostly lower after being up for much of the day. The S&P 500 ended 0.3% lower. It was up as much as 1% earlier. The Nasdaq fell 1....

A Wobbly Trading Day
Sums Up the Week

MARKETS

Nov 19, 2021 3:09 PM CST

A Wobbly Trading Day Sums Up the Week

Dow falls 268 while S&P posts a smaller loss

(Newser) - Stocks wobbled in afternoon trading on Wall Street Friday and gave indexes a mixed finish to a choppy week. The Dow fell 268 points to 35,601, the S&P 500 fell 6 points to 4,697, and the Nasdaq rose 63 points to 16,057. Both the S&P...

Decent Jobs Numbers
Help Steady the Market

MARKETS

Nov 18, 2021 3:08 PM CST

Decent Jobs Numbers Help Steady the Market

Dow posts a modest lost, and the S&P sees a modest gain

(Newser) - Stocks remained relatively stable Thursday as investors reviewed the latest earnings reports from retailers and an update on the employment market. The Dow lost 60 points to close at 35,870, while the S&P 500 rose 15 points to 4,704 and the Nasdaq rose 72 points to 15,...

Visa Dives 4.7% After
Big Move From Amazon

MARKETS

Nov 17, 2021 3:44 PM CST

Visa Dives 4.7% After Big Move From Amazon

Company will no longer accept UK-issued Visa cards

(Newser) - Stock indexes shuffled lower on Wall Street Wednesday, pulling a bit further off their record heights. The bond market was relatively calm following turbulent trading recently amid worries about high inflation. The yield on the 10-year Treasury fell to 1.59%. Shorter-term yields also fell, giving up a portion of...

Report on Consumer Spending
Gives Markets a Boost

MARKETS

Nov 16, 2021 3:44 PM CST

Report on Consumer Spending Gives Markets a Boost

Government says consumers stepped up their spending despite inflation

(Newser) - Stocks closed higher on Wall Street Tuesday as investors reviewed solid earnings reports from retailers and an encouraging update on consumer spending. Home Depot rose 5.8% after the home improvement retailer reported surging sales and solid profits last quarter amid a hot housing market, the AP reports. New data...

Casper Surges 89%
on Buyout News

MARKETS

Nov 15, 2021 3:37 PM CST

Casper Surges 89% on Buyout News

Major indexes were little changed

(Newser) - Major indexes ended a wobbly day mostly lower on Wall Street as the market comes off its first weekly loss in six weeks. The S&P 500 ended little changed and the Dow Jones Industrial Average edged barely higher, the AP reports. The yield on the 10-year Treasury note rose...

Markets Rise, but a 5-Week
Win Streak Is History

MARKETS

Nov 12, 2021 3:15 PM CST

Markets Rise, but a 5-Week Win Streak Is History

Report about high inflation led to weekly losses

(Newser) - Stocks had a decent day on Friday, but it wasn't enough to lift the markets into positive territory for the week. The Dow rose 179 points to 36,100, the S&P 500 rose 33 points to 4,682, and the Nasdaq rose 156 points to 15,860. All...

S&P, Dow Take
Opposite Directions

MARKETS

Nov 11, 2021 3:12 PM CST

S&P, Dow Take Opposite Directions

One ticks up, the other goes down

(Newser) - Stocks had a mixed day of trading Thursday, one day after a surge in inflation tripped up major indexes. The benchmark S&P 500 ticked up 2 points to 4,659, but the Dow fell 158 points to 35,921. The Nasdaq, meanwhile, gained 84 points to close at 15,...

Inflation Report
Hits Markets Hard

MARKETS

Nov 10, 2021 3:39 PM CST

Inflation Report Hits Markets Hard

Dow dropped 240 points

(Newser) - An eye-opening report on inflation that was hotter than expected slammed into the bond market on Wednesday, sending yields jumping, and helping knock stocks lower, the AP reports. The sharpest inflation since 1990 forced investors to boost bets that the Federal Reserve will have to raise short-term interest rates more...

Markets' Longest Winning
Streak Since 2019 Is Over

MARKETS

Nov 9, 2021 3:55 PM CST

Markets' Longest Winning Streak Since 2019 Is Over

Tesla drops another 12%

(Newser) - US stocks closed lower Tuesday, ending the market’s longest winning streak in more than two years. The S&P 500 fell 0.4%. The Dow Jones Industrial Average lost 0.3% and the Nasdaq fell 0.6%. Tesla slumped again, losing 12% after its CEO Elon Musk said over...