U.S. stock index futures were about flat late Wednesday, after stocks closed sharply higher earlier in the day. After rising more than 120 points earlier, Dow Jones Industrial Average futures were up 17 points, or 0.1%, as of midnight Eastern, while S&P 500 futures and Nasdaq-100 futures also shrugged off earlier gains. In regular trading Wednesday, stocks rallied on investors' hopes for more support from the Fed and the potential for a sooner-than-expected rollback of containment...
U.S. stocks capped significant weekly gains on Thursday after the Federal Reserve made a surprise announcement that it would deploy $2.3 trillion of funds through its lending programs to support the broader economy. Equity exchanges will be closed tomorrow in observance of the Good Friday holiday. The S&P 500 was up 1.4% to end at 2,790. The Dow Jones Industrial Average advanced 286 points, or 1.2%, to finish around 23,719, based on preliminary numbers.
By Mark DeCambre, MarketWatch, Andrea Riquier. Fed's Powell sees high unemployment as temporary. U.S. stocks finished the holiday-shortened week sharply higher Thursday, with the main indexes recovering about half of their losses that were racked up in late March during the height of fears about the impact of COVID-19.
Global equity benchmarks moved higher on Thursday following signs of some success by governments and central banks which have taken additional steps to bolster their economies during the COVID-19 pandemic, while oil prices pulled back from an earlier surge.
By Caitlin Ostroff, Akane Otani and Chong Koh Ping. U.S. stocks rose Thursday ahead of the Easter holiday weekend, heading for their biggest one-week rally of the year. The Dow Jones Industrial Average jumped 285 points, or 1.2%, to 23719. The S&P 500 added 1.5% and the Nasdaq Composite advanced 0.8%.
Baker Hughes (BKR) on Thursday reported that the number of active U.S. rigs drilling for oil dropped by 58 to 504 this week. Data were released a day earlier because Friday is a holiday for the stock market. The oil-rig count declined by 62 the week before.
* Weekly jobless claims top 6 mln. * Financials sector biggest boost to S&P 500. * Oil turns lower as major producers work on deal to cut output. By Chuck Mikolajczak.
By Caitlin Ostroff, Akane Otani and Chong Koh Ping. U.S. stocks soared Thursday ahead of the Easter holiday weekend, heading for their biggest one-week rally of the year. The Dow Jones Industrial Average jumped 521 points, or 2.2%, to 23955. The S&P 500 added 2.3% and the Nasdaq Composite advanced 1.3%.
Global equity benchmarks moved higher on Thursday following signs of some success by governments and central banks which have taken additional steps to bolster their economies during the COVID-19 pandemic, while oil prices pulled back from an earlier surge.
* Weekly jobs claims fall 261,000 to 6.6 mln. * Oil rises as major producers work on deal to cut output. * Citi, Wells Fargo (WFC) jump over 10% * Real estate, utilities lead gains. * Indexes jump: Dow 1.97%, S&P 1.82%, Nasdaq 0.87% By Uday Sampath Kumar and Shreyashi Sanyal.
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