Wall Street – News Stories About Wall Street - Page 4

A 'Tentative Climb' at
the Open for the Dow

MARKETS

Apr 8, 2020 8:52 AM CDT

A 'Tentative Climb' at the Open for the Dow

Starts the day up 300 points

(Newser) - Dr. Anthony Fauci offered words of encouragement on Wednesday, and the markets took notice. CNBC reports the Dow opened up 300 points, or 1.4% and just below 23,000, after Fauci indicated a coronavirus turnaround could come into play next week. The S&P 500 and Nasdaq both rose...

Senator Invested in Firm That Profits From Pandemic

'Unseemly' Detail Emerges
on Senator's Stock Purge

Apr 1, 2020 4:50 PM CDT

'Unseemly' Detail Emerges on Senator's Stock Purge

Sen. Kelly Loeffler invested in a company that makes medical protective equipment

(Newser) - Maybe Sen. Kelly Loeffler hopes the details will exonerate her? Well, we'll soon see. The GOP senator has given the Atlanta Journal-Constitution details about her sale of millions of dollars in stocks—much of which happened after senators privately learned about the looming coronavirus on Jan. 24. Turns out...

Coronavirus Gets Tighter Grip on Stock Market

Market Reacts
to Estimated
US Death Toll

markets

Apr 1, 2020 3:15 PM CDT

Market Reacts to Estimated US Death Toll

Selling is widespread as the S&P 500 drops over 4%

(Newser) - Stocks are closing sharply lower on Wall Street as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak, the AP reports. The S&P 500 dropped more than 4% Wednesday after the White House said that 100,000 to 240,000 people in...

Dow Finishes the Day
in the 22K Range

MARKETS

Mar 30, 2020 3:16 PM CDT

Dow Finishes the Day in the 22K Range

Closes up 691 points

(Newser) - Stocks closed higher again on Wall Street Monday, led by health care stocks, bringing the market's surge over the past week to 17%. The S&P 500 rose more than 3% for its fourth gain in five days, following up its best weekly gain since hitting bottom after the...

Afternoon Rally
Fizzles on CNBC Report

markets

Mar 25, 2020 3:15 PM CDT

Afternoon Rally Fizzles on CNBC Report

But stocks closed higher overall

(Newser) - Stocks are closing higher on Wall Street Wednesday but gave up much of an afternoon rally after CNBC reported that a dispute between Sen. Bernie Sanders and Republicans over unemployment aid could cause the coronavirus aid bill to be delayed, the AP reports. The S&P 500 rose 1.2%...

Even With Fed Aid,
Stocks Slump Once Again

MARKETS

Mar 23, 2020 3:16 PM CDT

Even With Fed Aid, Stocks Slump Once Again

Dow closes down 3%

(Newser) - Stocks are ending another bumpy day broadly lower on Wall Street as investors wait to see if Democrats and Republicans can settle their differences on an economic rescue package. Major indexes ended down about 3% Monday, having been down as much as 5%. Marketwatch reports the Dow closed down 582...

Sen. Loeffler
Responds to
Critics of $18M
Stock Purge

Mar 22, 2020 1:30 PM CDT

Sen. Loeffler Responds to Critics of $18M Stock Purge

Lawmakers sold a lot of stock in the pandemic's early days

(Newser) - Sen. Kelly Loeffler is taking a stand against critics of her recent stock purge—one of several by lawmakers as the coronavirus began to spread. "It's absolutely false," Loeffler said Friday on Fox News . "And, it could not be true." CNBC notes that Loeffler and...

Dow Surges 1,300
at the Open

UPDATED

Mar 13, 2020 8:40 AM CDT

Dow Surges 1,300 at the Open

But volatility remains high

(Newser) - Futures trading suggested a strong opening for US markets, and that's exactly what happened. The Dow initially rose more than 1,300 points, above 6%, while the benchmark S&P 500 and Nasdaq posted similar-sized gains, reports CNBC . The surge comes one day after the stock market's worst...

How Wall Street Turned
These Houses Into 'Hell'

longform

Mar 8, 2020 12:28 PM CDT

How Wall Street Turned These Houses Into 'Hell'

Companies snapped up 200K homes nationwide after the financial crisis

(Newser) - Chad Ellingwood's life is pretty much hell, and Wall Street is stoking the flames. That's according to a New York Times Magazine article chronicling his fall from happy homeowner in LA County's San Fernando Valley to miserable, embattled tenant in the same property, now owned by a...

Buoyed by Biden,
Dow Takes a Big Jump

Mar 4, 2020 8:43 AM CST

Buoyed by Biden, Dow Takes a Big Jump

Opens up more than 600 points

(Newser) - Global stock markets turned higher Wednesday—and the Dow followed suit—extending days of volatility as investors weighed the economic impact of the coronavirus outbreak and Joe Biden's big gains in the Democratic primaries. "A higher probability of a more centrist Democrat candidate has provided some comfort” for...

Dow Falls More Than
600 Points Amid Virus Scare

updated

Jan 31, 2020 3:15 PM CST

Dow Falls More Than 600 Points Amid Virus Scare

Technology stocks lead the losses, with Apple falling 3.9%

(Newser) - Stocks plunged on Wall Street as investors feared that a virus outbreak that originated in China will dent the global economy, the AP reports. Technology companies, which do a lot of business with China, led the losses. Airlines fell after Delta and American suspended flights to and from China. The...

US-Iran Clash
Troubles Wall Street

markets

Jan 7, 2020 3:05 PM CST

US-Iran Clash Troubles Wall Street

The Dow, S&P, and Nasdaq all take a dip

(Newser) - Stocks are closing lower on Wall Street as investors wait for the next step in the increasingly tense US-Iran confrontation, the AP reports. Oil prices gave up some of their recent gains after a US drone strike killed Iran's top general on Friday. Banks and makers of consumer products...

Wall Street Picks
a 2020 Favorite

Dec 21, 2019 4:00 PM CST

Wall Street Picks a 2020 Favorite

As you can guess, it isn't Elizabeth Warren

(Newser) - The financial sector, blamed by progressives for spawning the 2008 economic collapse, is lining up behind Pete Buttigieg’s presidential campaign. The mayor of South Bend, Indiana, has collected more campaign cash from donors and political action committees tied to the financial, insurance, and real estate sector than any other...

Guru: Exercise Titan Is So Done

Dec 11, 2019 4:48 PM CST

Guru: Exercise Titan Is So Done

Andrew Left at Citron Research sees dark days ahead for Peloton

(Newser) - Peloton's month could get worse—we're just not sure how. First, a company commercial was widely panned and inspired a tongue-in-cheek response . Then stock fell, and kept falling this week. Now an esteemed short seller predicts that Peloton shares will plunge to just $5 in 2020, CNN Business...

It's a Down Day for Stocks,
Brutal for One Retailer

markets

Nov 20, 2019 3:19 PM CST

It's a Down Day for Stocks, Brutal for One Retailer

Urban Outfitters plunges 15.2%

(Newser) - Stocks are closing lower on Wall Street as investors worry that the US and China may not reach a trade deal this year, the AP reports. Technology and communications stocks helped pull the market lower Wednesday. Analog Devices, a chipmaker, fell 2.8%. AT&T lost 2.2%. Several retailers...

Dow Edges Up 23

markets

Oct 17, 2019 3:18 PM CDT

Dow Edges Up 23

And the S&P rises 8 points on upbeat day

(Newser) - Stocks are closing broadly higher on Wall Street as some solid corporate earnings and a breakthrough in negotiations over Britain's exit from the European Union put investors in a buying mood, the AP reports. Companies including Netflix, CSX, and Morgan Stanley rose Thursday after reporting surprisingly good profits. Industrial...

Trump Protester Whacked
Wall Street Bull on the Horns

Sep 8, 2019 7:57 AM CDT

Trump Protester Whacked Wall Street Bull on the Horns

Texas man is charged after weird attack

(Newser) - There are people who love President Trump, there are people who don't love President Trump, and then there are the kind of people who decide to protest President Trump by attacking a statue of a bull with what was apparently some kind of a musical instrument. Tevon Varlack, who...

Stocks Take a Rocky Ride

markets

Aug 22, 2019 3:20 PM CDT

Stocks Take a Rocky Ride

And remarks by Fed officials leave investors uncertain

(Newser) - Stocks ended an up-and-down day mostly lower as losses for health care and technology companies offset gains in banks and other sectors, the AP reports. UnitedHealth Group gave up 3.1% Thursday and Adobe lost 1.3%. Remarks from two Federal Reserve bank presidents left investors less certain about the...

Retailers: We Have Good News

markets

Aug 21, 2019 3:22 PM CDT

Retailers: We Have Good News

Target jumps 20%, Lowe's 10% on an upbeat day

(Newser) - Stocks closed higher on Wall Street as investors applauded encouraging quarterly results from major retailers, the AP reports. Target soared 20% Wednesday after releasing earnings that blew past analysts' expectations. Lowe's also jumped 10% after its results beat forecasts. Technology companies accounted for a big share of the gains....

A Messy #MeToo Case
May Be a First for Wall Street

A Messy #MeToo Case May Be a First for Wall Street

Sara Tirschwell's fight against TCW could be the first one to go to trial

(Newser) - Wall Street is on track to have its first sexual harassment case in the #MeToo era reach the courtroom. And while most cases of this nature are messy legal affairs, this one involving Sara Tirschwell's allegations against a supervisor at TCW is especially so, writes Anna Silman at the...