Equity News Results

  • Dow ekes out 4th straight daily gain ahead of May jobs report

    Stocks ended mostly lower Thursday, though the Dow Jones Industrial Average eked out a tiny gain to extend its win streak to four sessions. The S&P 500 and Nasdaq Composite, meanwhile snapped a four-day run of gains. Equities had rallied strongly this week, boosted by signs the economic contraction caused by the COVID-19 lockdown was beginning to ease.

  • Dow ekes out longest win streak in 5 weeks as investors see signs bad economic

    By Mark DeCambre, MarketWatch, Andrea Riquier. Investors are optimistic about economic recovery, helped by global central bank and government measures. The Dow Jones Industrial Average on Thursday booked a fourth straight gain, its longest run since late April, partly on the back of a burst higher in Boeing shares, but the broader market took a pause as investors found it difficult to push equity values demonstrably higher.

  • S&P 500, Dow on the verge of snapping string of wins as stock-market losses crystallize in Thursday's final hour

    U.S. stock benchmarks head lower late Thursday as investors weigh optimism about the reopening of the economy and data that showed some signs of paring weakness from the COVID-19 pandemic and concerns that equities have risen too briskly in recent trade. The Dow Jones Industrial Average was off 130 points, or 0.5%, at 26,137, on the brink of ending a 3- day win streak. The S&P 500 index was down 0.8% at 3,097, while Nasdaq Composite Index retreated 1% at 9,587. The Nasdaq still...

  • Gold marks first gain in 4 sessions on weakness in U.S. dollar and stocks

    By Myra P. Saefong and Mark DeCambre, MarketWatch. Dollar falls as euro gains after ECB decision to raise size of its Pandemic Emergency Purchase Program. Gold futures rose on Thursday, with prices posting their first gain in four sessions on the back of weakness in the U.S. stock market and the dollar, as investors digested policy actions by the European Central Bank.

  • Stocks open slightly lower as jobless-claims data show unemployment stabilizing

    U.S. stocks edged lower at the start of trade Thursday as investors parsed new data on applications for unemployment benefits and news that the European Central Bank announced a larger-than-expected asset-buying program to combat the economic impact of coronavirus. The Dow Jones Industrial Average fell 66 points, or 0.2%, to 26,219, the S&P 500 index declined 10 points, or 0.3%, to 3,113 and the Nasdaq Composite index retreated 19 points, or 0.2%, to 9,664. Data on claims for...

  • CrowdStrike stock closes near record as coronavirus crisis highlights advantage of cloud-based cybersecurity

    As work-from-home becomes new normal, CrowdStrike (CRWD) eats Symantec's lunch, analysts say. CrowdStrike Holdings Inc.' s stock closed up near record territory as analysts hiked price targets amid the cybersecurity company's windfall resulting from the push of millions of people working from home because of the COVID-19 pandemic. CrowdStrike (CRWD) shares touched a record intraday high of $103.80 Wednesday and closed up 6.3% at $98.10, just shy of the stock's all-time closing high of...

  • Europe's stock-market rally is leaving the U.S. behind as ECB and governments step up, analysts say

    The tide may finally be turning for European stocks, thanks in part to the aggressive tactics of the European Central Bank and long-awaited follow-through on the fiscal side of the equation from eurozone governments, analysts say. European equities have significantly underperformed their U.S. counterparts, including long-suffering small caps, over much of the past five years, defying repeated calls for a change in fortune. Europe's stocks, however, could soon fulfil their...

  • S&P 500 index futures and those for the broader market rise Wednesday evening after index notches best 50-day rally in history

    U.S. stock-index futures were rising Wednesday evening after the major equity benchmarks posted sharp gains in the regular session on continued hope that measures to limit the economic damage wrought by the COVID-19 pandemic will prove successful in the near term. The gains on Wednesday marked the S&P 500 index's best 50- day trading stretch, up 37.7%, ever, according to research analyst Ryan Detrick, LPL Financial analyst on Wednesday via Twitter, based on data tracking the...

  • Nasdaq ends 1.4% off record close as stock-market lurches higher, following economic data pointing to less severe COVID-19 downturn

    By Mark DeCambre, MarketWatch, Joy Wiltermuth. The stock market has climbed higher as civil unrest plays out across America. U.S. stocks finished higher Wednesday, adding to several sessions of gains as economic data pointed to less severe damage from the COVID-19 pandemic than feared, leaving major equity benchmarks at their loftiest levels since early March.

  • 10-year Treasury yield hits 8-week high on global equity gains and economic data

    Treasury yields climbed on Wednesday in line with the buoyancy in global equity markets as investors eyed data suggesting the worst of the current economic downturn may soon pass. The 10- year Treasury note yield rose 8.2 basis points to 0.761%, its highest since April 8. The two-year note rate rose 3.2 basis points to a four-week high of 0.198%, while the 30- year bond yield climbed 7.3 basis points to 1.551%. Bond prices move in the opposite direction of yields.

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