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

U.S. stocks in 2020: a year for the history books

NEW YORK (Reuters) – The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for economic recovery that resulted in the shortest bear market on record.FILE PHOTO: Raindrops hang […]

Business

U.S. stocks in 2020: a year for the history books

NEW YORK (Reuters) – The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for economic recovery that resulted in the shortest bear market on record.FILE PHOTO: Raindrops hang […]

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 […]