Elon Musk’s Twitter followers weighed in this weekend on whether the Tesla CEO should sell 10% of his stock in the company. The Twitter poll, which garnered more than 3.5 million votes closed Sunday, with nearly 58% in favor of Musk’s proposition and more than 42% against the idea. Musk said he would abide by the results of the […]
The Dow Jones Industrial Average closed Friday with a loss of more than 500 points, falling 1.6 percent to finish its worst week of losses since 2020. The Dow finished this week down 3.5 percent, its steepest five-day loss since October. The S&P 500 index closed with a loss of 1.3 percent Friday and the […]
Wall Street sank again on Wednesday, as soaring coronavirus infection rates pushed some cities to introduce a new round of restrictive measures and France and Germany reintroduced monthlong lockdowns. The Dow Jones Industrial Average closed down by around 940 points Wednesday afternoon, its worst day since June. The blue-chip index lost all gains for October, […]
U.S. equity markets tumbled Thursday, posting their worst session since June, as investors wrestled with uncertainty over the timing of a potential COVID-19 vaccine and generally positive economic data. The Dow Jones Industrial Average fell 807 points, or nearly 3%, but recovered from a drop of s many as 1,000 points in the final hour […]
Stocks rallied to record highs Friday morning as the race for the White House officially got under way after President Trump accepted the presidential nomination of the Republican Party. The Dow Jones Industrial Average gained 62 points, or 0.22%, in the opening minutes of trading and topped its 2019 closing value of 28,538.44. Meanwhile, the […]
The Dow Jones industrial average crossed 23,000 mark for the first time on Tuesday — just two and a half months after it breached the 22,000 milestone. Stocks boosting the blue-chip index included insurer UnitedHealth and Johnson & Johnson, which reported better-than-expected earnings. Shares have mounted their historic rally amid continued optimism on Wall Street […]
Wall Street got bathed in a sea of red Thursday amid mounting tensions between the US and North Korea. The Dow Jones industrial average lost 204 points, marking three consecutive day of losses. The index — which last week hit 22,000 for the first time — closed at 21,844. Markets began to tumble Tuesday after […]
The messy and contentious rollout of the executive order blocking entrance for refugees and travelers from seven majority-Muslim nations has dented the stock market surge enjoyed by President Trump since his election. Ever since winning the White House in early November, Trump has ridden a wave of stock market success as investors prepared for the […]
Stock markets have been on the rise since Donald Trump’s electoral victory in November, but many Wall Street experts say the president-elect can’t take all the credit. While it’s true that expectations for many of his proposed policies have accelerated the markets’ tear, the economy was in good shape way before the election, and it’s up for […]
If options traders are correct, stocks are in for a wild ride in February. Demand for one-month call options tied to the CBOE Volatility Index, a popular gauge of stock-market volatility, has spiked in the past week, a sign that some are bracing for a sharp downturn following the inauguration of President-elect Donald Trump. In […]
The S&P 500 and the Dow were poised to eke out enough gains to hit record highs on Black Friday, with the focus on retailers at the start of the crucial holiday shopping season. Trading volumes are expected to be relatively thin, with the stock market scheduled to close at 1 p.m. The market was […]
Donald Trump’s election has given a quick boost to stocks, with the Dow Jones industrial average touching all-time highs. Since markets closed Tuesday, the Dow and the S&P 500 are up about 3 percent — and that’s after coming back from the massive Tuesday night drop. Some market observers expect that boom to continue through […]
