Stocks gave up an early lead and ended Tuesday lower. The S&P 500 slipped 0.1% after spending much of the day drifting between small gains and losses. Declines in banks, industrial companies and elsewhere pulled the market lower. Gains in some Big Tech companies, including Amazon and Facebook, helped keep the losses in check.
Monday was a bumpy day on Wall Street with stock indexes finishing mixed. The S&P 500 rose 13.89 points, or 0.4%, to 3,855.36 as gains for influential Big Tech stocks were big enough to steady the index and return it to a record. It recovered from a 1.2% loss earlier in the day, as investors expect Apple and other tech giants to report healthy profits for the end of 2020 in coming days.
Stocks finished mixed on Friday as the worldwide rally took a pause. The uneven finish for U.S. stock indexes followed a slide in global markets that began in Asia amid worries about resurgent coronavirus cases in China and weak economic data from Europe. In the United States, disappointing earnings reports from IBM and some other companies gave cover for investors to sell and book profits after big recent gains.
Stocks drifted to a mixed close on Thursday. The S&P 500 edged up less than 0.1%. Traders bid up shares in Big Tech stocks, including Apple, Amazon and Facebook. Those gains helped outweigh losses in energy stocks, banks and elsewhere.
Wall Street hit records Wednesday as hopes grew for more stimulus. Joe Biden, now the nation’s 46th president, has a flurry of executive actions at the ready. He has also pitched a plan to pump $1.9 trillion more into the struggling economy, hoping to act quickly as his Democratic party takes control of the White House and both houses of Congress.
Wall Street’s momentum swung back Tuesday as stocks and yields ticked up. The S&P 500 gained 0.8%, pulling to within 1% of its record high set earlier this month. About 60% of the companies in the benchmark index rose. Technology, communication services and health care stocks accounted for much of the rally, though energy sector companies notched the biggest gain.
Stocks fell Friday and Treasury yields also dipped as reports showed shoppers held back on spending during the holidays and are feeling less confident, the latest in a litany of discouraging data on the economy.
A late drop in Big Tech stocks pulled indexes mostly lower on Thursday. The S&P 500 fell 0.4%. The benchmark index, which had been up by 0.4%, was weighed down by losses in Apple, Microsoft and other huge tech companies even though most of the stocks in the index rose. Those losses outweighed gains in banks, industrials and other sectors.
Wall Street drifted higher Wednesday. The S&P 500 inched up 0.2% after flipping between small gains and losses in the early going. Gains in several Big Tech companies, including Intel, Apple and Amazon, helped nudge the S&P 500 higher, even tough most of the stocks in the index fell. Those gains outweighed losses in industrial, materials and other sectors.
Stocks notched gains on Wall Street Tuesday. The S&P 500 inched up less than 0.1% after flipping between small gains and losses for much of the day. About 62% of companies in the index rose, with energy sector stocks notching the biggest gain as crude oil prices rose.
Stocks slipped Monday. The S&P 500 fell 0.7%, breaking a four-day winning streak. Tesla, Amazon, Apple and other big gainers over the past year led the way lower, even as financial, health care and energy stocks notched gains. Treasury yields continued to rise.
Stock markets shook off a slump Friday to reach more record highs. Technology stocks and companies that rely on consumer spending helped lift the market, outweighing losses in financial, industrial and other sectors.
Wall Street kept rising Thursday on Democratic wins and stimulus hopes. The rally was broad-based, though the S&P 500’s technology sector notched the biggest gain, recouping losses after a pullback a day earlier. Treasury yields continued to rise, reflecting expectations that higher government spending will drive up inflation.
Stocks rallied Wednesday, despite protests in Washington that resulted in the storming of the U.S. Capitol, on hopes for stimulus. Investors piled into stocks of smaller companies, banks and other businesses that would be winners if Democrats push through more economic aid for hurting Americans and businesses.
Stocks recouped some of their losses Tuesday after a sharp slide to start 2021. The majority of big stocks in the S&P 500 notched gains, with oil producers leading the way as crude prices strengthened. Stocks of smaller companies did even better than the broader market, driving the Russell 2000 index of small-caps to a market-leading 1.7% gain. Treasury yields rose.
Stocks fell Monday. The S&P 500, which ended 2020 at an all-time high, slid 1.5% after earlier dropping as much as 2.5%. It was the benchmark index’s biggest decline since late October. Technology companies accounted for a big share of the sell-off, along with industrial, communication services, health care and other stocks. Only the S&P 500’s energy sector managed to eked out a gain.
The S&P 500 inched up 0.1% on Wednesday, recovering some of its losses from a day earlier. Energy and materials companies led the gains. Industrial and financial stocks also had a strong showing. Communication services stocks fell the most. Roughly 73% of stocks in the S&P 500 rose. Treasury yields mostly fell.
Stocks fell Tuesday as investors turned cautious. Investors shifted money away from technology companies, which have been among of the biggest winners since the pandemic began. Industrial and financial stocks also fell broadly. Those losses outweighed gains in health care stocks and companies that rely on consumer spending.
Stocks hit records Monday after President Trump signed a $900 billion aid package. The S&P 500 climbed 0.9%, powered by gains in technology, communication services and consumer discretionary stocks. Companies that were hit the hardest by the pandemic, including restaurants, airlines and cruise operators, were among the biggest gainers.
Trading Thursday was extremely light in the abbreviated session ahead of the Christmas holiday. Trading on the New York Stock Exchange and the Nasdaq ended at 1 p.m. ET instead of the usual 4 p.m. ET. Volume was a less than half of a typical trading day.
The S&P 500 inched up 0.1% after shedding most of its gains from earlier in the day. The benchmark index remains on track for a weekly loss. Gains by financial, communication services, energy and other sectors were kept in check by declines elsewhere, including technology companies, which helped pulled the Nasdaq slightly lower.
Stocks drifted mostly lower Tuesday, even as the Nasdaq set another high. The S&P 500 spent much of the day wavering between small gains and losses before finishing with a 0.2% loss, its third straight decline. About 65% of the companies in the index fell. Losses in communication services, financial and other companies accounted for much of the selling.
Worries about the coronavirus’ spread drove stocks down on Monday. The S&P 500 lost 0.4%, it’s second straight decline after climbing to an all-time high on Thursday. The benchmark index pared its loss as the day progressed, however, recovering from an earlier 2% drop.
Hope that Congress may be nearing a deal to offer more financial support for the economy has helped stocks set more record highs. The S&P clocked its 31st all-time high this year on Thursday. Enthusiasm about vaccines for COVID-19, which investors hope will get the economy back on the road to normalcy next year, has also fueled traders’ optimism.
Optimism that Congress will deliver more financial aid to people and businesses most hurt by the pandemic, and hopes that the rollout of coronavirus vaccinations will pave the way for an economic recovery next year have helped keep investors in a buying mood Thursday with stocks hitting record highs.
In a mixed and muted day of trading Wednesday, the S&P 500 rose 6.55 points, or 0.2%, to 3,701.17. It’s within roughly 1 point of its record set last week. Massive efforts by the Fed have helped underpin the market since the spring, and the central bank said Wednesday that it will buy at least $80 billion in Treasurys each month and $40 billion in agency mortgage-backed securities until “substantial further progress” has been made.
Stocks climbed on Wall Street Tuesday, breaking a four-day losing streak. The S&P 500 climbed 1.3%. Technology companies powered much of the rally, which helped push the tech-heavy Nasdaq composite to an all-time high.
U.S. stocks ended mostly lower Monday after an early rally evaporated. The S&P 500 fell 0.4% after having been up 0.9% in the early going. The reversal handed the benchmark index its fourth straight decline, something that hasn’t happened since September. Losses in the financial, industrial and health care sectors accounted for much of the decline, outweighing gains by technology stocks and companies that rely on consumer spending.
Stocks extended their losses Friday as virus aid languished in Congress. Losses in financial, technology, health care and other sectors outweighed gains in communication services stocks, industrial companies and elsewhere.
Stock indexes ended mixed Thursday as damage to the economy piles up. The S&P 500 slipped 0.1% after flipping between gains and losses in the early going. The index is within 1% of its all-time high set on Tuesday.
Weakness in tech companies led stocks lower on Wall Street Wednesday. The S&P 500 index fell 0.8%, as losses in technology companies outweighed gains in industrial, energy and materials stocks.
Steady gains for stocks on Tuesday delivered more records on Wall Street. The S&P 500 index rose 0.3%, eclipsing the all-time high it set on Friday. The gains, which came after a shaky start for the market, came as the U.K. became the first Western country to start a mass vaccination program.
Stocks ended mostly lower Monday. The downbeat start to the week comes as investors balance optimism that one or more coconravirus vaccines will soon be cleared for distribution in the U.S., setting the stage for an economic turnaround, against worries about more economic pain as states impose new restrictions on businesses in a bid to stem a surge in new virus cases and hospitalizations.
Stocks set more record highs Friday as hopes grow for economic aid. The gains were broad, with about 81% of the companies in the S&P 500 moving higher. Gains in technology, health care and energy stocks helped lift the market, outweighing losses in utilities and companies that rely on consumer spending.
A late stumble Thursday left the S&P 500 just short of a record high. The benchmark index slipped 0.1% after spending much of the day higher. It’s on track for its second weekly gain as Wall Street continues to coast following its rocket ride last month powered by hopes for coming COVID-19 vaccines.
The benchmark S&P 500 index rose 0.2% after spending much of the day drifting between small gains and losses. About 54% of the stocks in the index rose, with communications, financial and health care companies driving the bulk of the gains. A pullback in technology stocks, companies that rely on consumer spending and elsewhere kept the market’s gains in check.
Stocks started off December strongly Tuesday as the S&P 500 index set another high. The strong opening to December follows a 10.8% surge for the broad index in November, marking its best month since April.
Stocks slipped Monday, but the S&P 500 still logged its best month since April. The market’s slide followed reports showing how the worsening pandemic is dragging down the economy in the near term. But most investors are looking beyond that.
Stocks mostly fell Wednesday, even as tech gains pushed the Nasdaq to a new record of 12,094.40. The S&P 500 dropped 0.2% a day after setting an all-time high. Industrial, energy and health care companies accounted for much of the decline.
The trading was driven by news of coronavirus vaccines and the Biden transition. Traders were also encouraged to see that Biden had selected Janet Yellen, a widely respected former Federal Reserve chair, as treasury secretary. The Dow rose more than 450 points, or 1.5%, to cross the milestone.