Nearly every stock in the benchmark S&P 500 rose. It’s now up 0.6% for the week and has recovered from a from a sharp sell-off on Monday. The turnaround is more pronounced within the Dow, which is now up 0.8% for the week after having been down 1.9% for the week as of Tuesday.
Stocks slumped on Wall Street Monday, mirroring losses overseas and putting the S&P 500 index on track for its biggest drop in almost a year.
It was a feeble ending to an up-and-down week of trading. The S&P 500 index lost 0.9%. The benchmark index had its second straight weekly loss. The Dow Jones Industrial Average fell 0.5% and the Nasdaq fell 0.9%.
ViacomCBS marked its first day as a merged company with a celebrity-studded appearance on the floor of the Nasdaq Market Site in New York’s Times Square and a town hall meeting overflowing with optimism. Front and center at the stock exchange were New ViacomCBS President-CEO Bob Bakish and Chairman Shari Redstone, as well as CBS News’s Gayle King.
U.S. stocks closed higher after a two-day losing streak with tech and bank stocks rallying.
The S&P 500 fell 6.61 points as the market takes a wait-and-see approach to earnings reports. Modest losses erased most of Tuesday’s slight gains.
Audience measurement giant comScore notified investors that its shares are at risk of being delisted from the Nasdaq stock exchange, because of the publicly traded company’s failure to report required financial data to the Securities and Exchange Commission. At least one equities firm pulled its “buy” rating following the news, and the company’s stock price fell 28% to close the day at $23.22 per share.
The outage disrupted what had otherwise been a quiet summer day on Wall Street, and sent brokers and traders scurrying to figure out what went wrong. It was the latest in a growing list of snafus to hit financial markets, though hardly as stunning as the “flash crash” that set off a sudden stock-market plunge in May 2010.
Broadcast graphics specialist Chyron reported that it has received notification of potential delisting from the Nasdaq Stock Market because it no longer complies with Nasdaq’s Minimum Bid Price Rule after the bid price of Chyron’s common stock closed below the minimum $1 per share for the 30 consecutive business days.
Stocks fell broadly Friday on fresh signs that Europe’s debt problems and the U.S. economy continue to languish.
A mixed bag of positive and negative economic indicators left investors struggling between buy and sell strategies. The Dow Jones industrial average rose 143 points, or 1.3%, to 11,154. It had been down as many as 45 points.
The cable networks group has completed its spin-off from cable operator Cablevision, and its stock, which many analysts recommend with “buy” ratings, has started trading on Nasdaq.