Equity News Results

  • Fed's Daly on stock market gains: Maybe we've taught people 'expansions do not die of old age'

    San Francisco Fed president wants to' experientially' find the level of unemployment that sparks inflation. The recent run-up in the stock market is not a concern and may simply reflect improved optimism about the outlook for the U.S. economy's expansion that is now in its 11th year, San Francisco Fed President Mary Daly said Wednesday. Asked in an interview on CNBC if she was concerned about the high level of the stock market, Daly said her business contacts are more optimistic at...

  • Nasdaq opens at intraday record as stock market opens higher on hope of coronavirus treatment

    U.S. stock benchmarks on Wednesday kicked off trade solidly higher, prompted partly by the reaction to reports on reports of unconfirmed reports of treatments for coronavirus. The Dow Jones Industrial Average rose nearly 300 points, or 1%, at 29,091, the S&P 500 index climbed 0.9% to reach 3,326, while the Nasdaq Composite Index advanced 100 points, or 1.1%, at 9,566.51, hitting an intraday all-time high early in the session. Researchers at Zhejiang University said they found an...

  • Dow futures surge on reports about coronavirus treatment

    U.S. stock futures rose sharply and oil prices also saw strong gains early Wednesday on reports about scientific progress toward a coronavirus cure. Dow Jones Industrial Average futures climbed 218 points, or 0.8%, to 29,004, while S&P 500 futures gained 22.75 points, or 0.7%, to 3,322. Nasdaq-100 futures jumped 76 points, or 0.9%, to 9,435.75. Crude-oil futures surged 2.8% to $50.97 a barrel.

  • Dow futures surge on reports about coronavirus treatment

    U.S. stock futures rose sharply and oil prices also saw strong gains early Wednesday on reports about scientific progress toward a coronavirus cure. Dow Jones Industrial Average futures climbed 218 points, or 0.8%, to 29,004, while S&P 500 futures gained 22.75 points, or 0.7%, to 3,322. Nasdaq-100 futures jumped 76 points, or 0.9%, to 9,435.75. Crude-oil futures surged 2.8% to $50.97 a barrel.

  • Nasdaq clinches record close as stock market rebounds from coronavirus selloff

    By Chris Matthews, MarketWatch, Sunny Oh. Tesla shares up nearly 112% year-to-date. U.S. stocks finished sharply higher Tuesday as investors weighed stimulus efforts by the People's Bank of China and actions by Beijing to combat the economic impact of a deadly Asian virus that has claimed hundreds of lives and infected more than 20,000 people.

  • Nasdaq ends at a record as stock-market surge signals abating coronavirus fear

    U.S. stocks on Tuesday staged a powerful rebound to mark a second straight positive session, signaling an abatement of coronavirus worries that had appeared to hurt bullish sentiment. Investors took comfort in efforts by the Chinese government and others to contain the deadly Asian outbreak and limit its impact on financial markets. The Dow Jones Industrial Average closed about 409 points, 1.4%, higher, around 28,809, while the S&P 500 added about 49 points, 1.5%, to close near...

  • Tilray restructures company, lays off roughly 10% of workers

    Canada-based weed producer Tilray Inc. (TLRY) said late Tuesday that it was restructuring the company, which included laying off roughly 10% of its staff. Tilray (TLRY) stock closed up 5.2% during the regular session Tuesday. A spokeswoman said the company has 1,443 employees.

  • 10-year Treasury yield books biggest daily climb in 7 weeks as China injects liquidity

    PBOC injects 500 billion yuan of funds into Chinese banking system. Treasury yields climbed and prices fell on Tuesday as Chinese equities rebounded following their biggest selloff since 2015 and helping U.S. stocks gain altitude. The 10- year Treasury note yield rose 8.3 basis points to 1.603%, marking its largest one-day rise since Dec. 12, while the 2- year note rate advanced 6.2 basis points to 1.415%, its largest such jump since Nov. 7..

  • Dow opens nearly 400 points higher; Tesla extends rally

    Stocks opened with sharp gains Tuesday, continuing to take back ground lost late last week as worries rose over the spread of the coronavirus in China and elsewhere. The Dow Jones Industrial Average was up 364 points or 1.3%, at 28,764, after trading as high as 28,794 after the opening bell. The S&P 500 was up 36 points, or 1.1%, at 3,285, while the Nasdaq Composite advanced 111 points, or 1.2%.

  • Tesla's stock shoots up toward another record; 2nd-largest shareholder boosts stake

    Shares of Tesla Inc. (TSLA) shot up 14% toward another record in active premarket trading Tuesday, to extend their rocket ride over the past week. After running up 19.9% on Monday, the biggest one-day gain since May 2013, the stock has run up 40% over the past five sessions, and set 15 record high closes so far this year. The rally was highlighted by Tesla's first-ever quarterly profit reported last week and massive losses suffered by the relatively high number of short sellers--investors...

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