U.S. stocks slid as investors remain at odds on the extent of the economic damage stemming from the coronavirus pandemic and how quickly businesses will recover.
The e-commerce software company has benefited from surging traffic as vast swaths of the global population have been forced to do more of their shopping online. The stock has climbed 81% since hitting a recent low on April 2.
Big technology stocks such as Netflix and Amazon are again charging to new heights and propelling the broader stock market, which is swiftly rebounding after a punishing selloff.
The Dow and S&P advanced as markets were buoyed by optimism that parts of the U.S. economy may begin reopening from coronavirus shutdowns in coming days.
The Dow Jones Industrial Average just completed its best two-week performance stretch since the 1930s, even as unemployment and other economic readings get markedly worse.
The stock market has been relatively tranquil this week, treading water in a nebulous middle ground between extremes. But there are still winners and losers.
U.S. stocks turned higher, posting modest gains even after data showed another spike in the number of Americans seeking jobless benefits.
Temporary restrictions on betting against stocks have been extended in Europe, even as investors bemoan the problems such bans pose and their lack of effectiveness.
The Dow and S&P 500 slid as investors assessed bank-earnings reports and dismal retail-sales numbers. The benchmark for U.S. crude prices settled below $20 a barrel for the first time since 2002.
Financial firms are looking at making it less likely for a marketwide trading halt to occur immediately after the opening bell, which happened during the crash triggered by the coronavirus pandemic.
U.S. stocks surged as investors looked ahead to the eventual reopening of the economy, even as earnings reports from big banks indicated that the coronavirus is taking a toll.
The electric-car maker’s shares rose 9.1% after Credit Suisse upgraded Tesla, saying it was better positioned to emerge from coronavirus-related disruptions than rivals.
Banks around the world are being pressed to lend trillions to keep economies afloat. In Europe, scarred by a debt crisis last decade, some lenders risk buckling under the strain.
Stock investors are beginning to act like the worst is over in the coronavirus-fueled market rout. Those who rely on technical indicators such as moving averages beg to differ.
The S&P 500 slid, paring some of its gains after its best weekly performance since 1974, as investors looked ahead to the start of corporate earnings season.
The kickoff of earnings season this week will give investors a first glimpse of the impact of the coronavirus shutdown on corporate profits—and potentially clues about the outlook for the rest of the year.
As the coronavirus crisis continues, here are seven major companies whose stocks moved on the week’s news.
U.S. stocks soared to post their biggest week of gains since 1974, extending a remarkable rally despite evidence of increasing economic strain due to the coronavirus pandemic
U.S. stocks rose, building on gains for the week, as investors put faith in signs that the spread of the coronavirus is stabilizing in hard-hit locations.
Stocks finished slightly lower after a volatile afternoon trading session that erased dramatic early-morning gains.