Tag Archives: Wall Street

Stocks surge on Wall Street on vaccine news, US presidential election

NEW YORK — The Dow Jones Industrial Average surged 1,500 points, or 5.4%, in early trading Monday and the S&P 500 jumped 3.7% after drugmaker Pfizer said early data show its coronavirus vaccine looks highly effective. Investors breathed a sigh of relief after days of U.S. presidential limbo ended with Democrat Joe Biden declared the… Read More »

Tech losses drive Wall Street down again, ending grim week

Wall Street closed out another punishing week Friday with the S&P 500 posting its first back-to-back monthly loss since the pandemic first gripped the economy in March. The S&P 500 dropped 1.2% and ended the week with a 5.6% loss, its worst in seven months. Sharp drops in big technology stocks drove much of the… Read More »

Market Strategist Warns ‘Pain Felt On Main Street Quite Distinct From What’s Reflected In Stock Market’

(CBSNewYork) — Seven months into the COVID-19 pandemic, and Wall Street is doing well. The Dow Jones Industrial Average closed at 28,514.76 on Wednesday afternoon, over 3,000 points above where it found itself at the end of February, the last full month before COVID took hold of the economy. The Dow would drop to a… Read More »

U.S. stock futures little changed after major averages snap four-day winning streak

U.S. stock futures little changed after major averages snap four-day winning streak Search quotes, news & videos Source link

JPMorgan beats analysts’ profit estimates as the bank sets aside less for loan losses

Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase posted earnings that beat analysts’ estimates for the top and bottom line. The stock barely moved higher in early trading. The bank posted third-quarter… Read More »