Business

Futures recede as COVID-19 case tally hits another record

(Reuters) – U.S. stock index futures slipped on Friday as a record increase in coronavirus cases raised fears of another hit to Corporate America with several states delaying the easing of business restrictions. About 41 of the 50 U.S. states have reported an increase in COVID-19 cases over the last two weeks, while the country […]

Business

Futures wobble as U.S. coronavirus cases top three million

(Reuters) – U.S. stock index futures ticked lower in choppy trading on Wednesday as investors stayed on the sidelines in the face of an alarming rise in coronavirus caseloads across the country that poses a risk to a recovery in business activity. The Nasdaq notched an intraday record high on Tuesday but all the three […]

Business

Wall Street gains on strong services sector data, China-led recovery hopes

(Reuters) – Wall Street’s major indexes climbed on Monday as data showing unexpected growth in the U.S. services sector last month and optimism over China’s economic revival helped investors look past a surge in new cases of COVID-19 at home. The ISM’s non-manufacturing activity index jumped to 57.1 in June, almost returning to pre-pandemic levels, […]

Business

S&P 500 poised for best quarter since 1998; Boeing weighs on Dow

NEW YORK (Reuters) – The S&P 500 on Tuesday was poised to close out its best quarter in more than two decades as improving economic data bolstered investor beliefs that a stimulus-backed rebound for the U.S. economy was on the horizon. But gains were kept in check by comments from Anthony Fauci, the U.S. government’s […]

Business

Wall Street set for lower open after strong quarterly rebound

(Reuters) – Wall Street was set to open lower on Tuesday as coronavirus-related worries and simmering U.S.-China tensions weighed on sentiment at the end of what is expected to be the S&P 500’s best quarter since 1998. The benchmark index has rebounded about 18% since April on a raft of fiscal and monetary stimulus and […]

Business

Wall Street ends lower as coronavirus surge prompts renewed restrictions

NEW YORK (Reuters) – Wall Street’s major indexes tumbled more than 2% on Friday as several U.S. states imposed business restrictions in response to a surge in coronavirus cases. Some U.S. states that were spared the brunt of the initial coronavirus outbreak or moved early to lift restrictions are seeing a resurgence in new infections. […]

Business

Stock futures drop on sharp rise in virus cases, elevated jobless claims

(Reuters) – U.S. stock futures slipped further on Thursday following Wall Street’s worst day in two weeks, as investors were unnerved by an alarming rise in new coronavirus cases and an elevated weekly jobless claims number. Data showed about 1.48 million Americans signed up for unemployment benefits in the last week. The figure came in […]

Business

Wall Street slumps on virus worries, grim economic forecast

(Reuters) – Wall Street’s three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damage from the pandemic. Washington state made face masks mandatory in public places, while many other U.S. states saw record cases, including Arizona and Texas, where restrictions […]

Business

S&P 500, Dow dip on rising virus cases, elevated jobless claims

(Reuters) – The S&P 500 and Dow retreated on Thursday as an uptick in coronavirus infections in parts of the United States threatened to upend bets of a swift economic recovery, with data showing weekly jobless claims remained elevated. Several U.S. states including Texas, Florida and Oklahoma reported a surge in new infections. However, President […]

Business

Wall Street closes higher as Fed soothes recovery worries

NEW YORK (Reuters) – Wall Street closed higher on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence, which had been wavering amid a spike in new COVID-19 cases. All three major U.S. stock indexes reversed losses in afternoon trading, following the Fed’s decision to […]