Business

S&P, Nasdaq close at record highs on optimism about Biden stimulus plan

(Reuters) – The S&P 500 and Nasdaq closed at record highs on Thursday, propelled by optimism about more pandemic relief under the Biden administration to support the economy after data showed a tepid labor market recovery.FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of New York, U.S., January 13, […]

Business

Wall Street set to slip from all-time highs after strong run; Twitter slumps

(Reuters) – Wall Street’s main indexes were to set to slip from record levels on Monday as investors locked in gains after a stellar vaccine and stimulus-fueled rally, while Twitter shares slumped following permanent suspension of President Donald Trump’s account.FILE PHOTO: A man wearing a protective face mask walks by a closed store, as the […]

Business

Dow, S&P 500 scale new highs on possible Democrat sweep in Georgia

(Reuters) -U.S. stocks rose on Wednesday with the Dow and the S&P 500 notching record highs as investors piled into financial and industrial stocks on bets that a Democratic sweep in Georgia would lead to more fiscal stimulus and infrastructure spending.FILE PHOTO: The U.S. flag covers the front facade of the New York Stock Exchange […]

Business

S&P 500, Dow slide from record peaks on Georgia elections, virus surge

NEW YORK (Reuters) -Shares on Wall Street fell sharply from all-time peaks on the first trading day of the year on Monday, as risk appetite ebbed amid upcoming runoff elections in Georgia and the persistent surge in coronavirus cases.FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in the […]

Business

Wall Street set to end pandemic year on strong note

(Reuters) – U.S. stocks were flat in thin trading on Thursday, but the S&P 500 and the Nasdaq were set to end 2020 with solid gains on hopes of more stimulus and coronavirus vaccines to support the domestic economy.FILE PHOTO: The boot on the statue of George Washington, the first president of the United States, […]

Business

Futures rise on hopes of vaccine-fueled recovery

(Reuters) – U.S. stock index futures rose on Wednesday as investors focused on prospects of a gradual vaccine-led economic recovery next year and more monetary and fiscal support.FILE PHOTO: A Christmas tree is pictured outside the New York Stock Exchange during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New […]

Business

Futures rise on hopes of vaccine-fueled recovery

(Reuters) – U.S. stock index futures rose on Wednesday as investors focused on prospects of a gradual vaccine-led economic recovery next year and more monetary and fiscal support.FILE PHOTO: A Christmas tree is pictured outside the New York Stock Exchange during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New […]

Business

Wall St at record levels after Trump signs fiscal aid bill

(Reuters) -Wall Street’s main indexes were trading at record levels on Monday as President Donald Trump’s signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery.FILE PHOTO: A statue of George Washington stands as Federal Hall across Wall Street from the New York Stock Exchange in Manhattan in New York […]

Business

S&P 500 ends slightly higher as investors bet on recovery

NEW YORK (Reuters) -The S&P 500 closed barely in positive territory on Wednesday as an expected stimulus deal and falling jobless claims prompted investors to put their money into sectors most likely to benefit from the economy re-opening when it recovers from the global health crisis. While the blue-chip Dow and small caps led the […]

Business

Wall Street ends higher as investors bet on recovery

NEW YORK (Reuters) -The S&P 500 closed in positive territory on Wednesday as an expected stimulus deal and falling jobless claims prompted investors to put their money into sectors most likely to benefit from the economy re-opening when it recovers from the global health crisis. While the blue-chip Dow and and small caps led the […]