Stocks erased a loss on Friday as worries over tensions with China fizzled. The benchmark S&P 500 index rose 0.5%, recovering from a 1% slide, after Trump outlined several actions in response to a move by China to exert more control over Hong Kong but steered clear of upending a trade pact struck with Beijing earlier this year. The S&P 500 ended the month 4.5% higher, its second monthly gain in a row.
The S&P 500 had been climbing for much of the day and was up as much as 1.1% at one point. But it all disappeared after President Donald Trump said he’ll hold a news conference about China on Friday. That raised immediate worries among investors about possibly worsening relations between the world’s largest economies, which had signed a deal earlier this year to at least pause their trade war.
Wall Street closed higher Wednesday on growing hopes for an economic revival. Despite a choppy day of trading, the S&P 500 gained 1.5% and finished above the 3,000-point mark for the first time since early March.
Wall Street moved up Tuesday as recover hopes overshadowed virus worries. The S&P 500 rose 1.2%, for a time climbing above the 3,000-point mark for the first time since March 5, until a burst of selling in the final minutes of trading trimmed the market’s gains.
Wall Street ended a choppy Friday mostly higher. Strength in technology, communications and real estate stocks helped reverse much of the market’s early slide. Energy stocks fell the most as crude oil prices closed lower after six straight gains.
Stocks ended lower Thursday over U.S.-China tensions. The S&P 500 fell 0.8%, shedding some of the gains it made in a solid rally a day earlier, though it remains on track to end the week sharply higher. Bond yields were mixed. Oil prices closed higher, extending a string of gains.
A late slump left the stock market lower Tuesday after a choppy day. The S&P 500 fell 1% after having been up by 0.4% in the early going. Losses in banks, health care stocks and household goods companies accounted for a big portion of the selling. A late-day slide erased early strength in technology stocks and companies that rely on consumer spending.
U.S. stocks rallied Monday on hopes for a COVID-19 vaccine and economic recovery. The S&P 500 climbed 3.2%, its best day since early April. The gains erased all of its losses from last week, when the index posted its worst showing since late March and its third weekly loss in the last four. Bond yields rose broadly in another sign that investors were becoming more optimistic.
Stocks managed modest gains Friday but still ended lower for the week. The S&P 500 rose 0.4% after falling 1.3% earlier in the day as investors weighed more grim data showing how badly the coronavirus pandemic is crippling the economy.
On Thursday, another late reversal upended Wall Street, this time sending stocks higher. The S&P 500 climbed 1.2% in another scattershot day of trading, with many stocks flipping from the bottom of the leaderboard to the top following a few sharp reversals in momentum. The zig-zag trading followed up on earlier losses for Asian and European stocks, while Treasury yields sank in a sign of increased pessimism.
Stocks dropped again on Wednesday over worries about a slow economic recovery. The S&P 500 fell 1.7% Wednesday for its second straight loss, with the biggest hits targeting companies that most need a healthy economy for their profits to grow. Treasury yields also sank in a sign of pessimism after Federal Reserve Chair Jerome Powell warned about the threat of a prolonged recession.
Wall Street dropped Tuesday after reopening worries led to a late slide. The S&P 500 dropped 2.1% after spending much of the day drifting between small gains and losses, as investors debate whether the lifting of lockdowns across U.S. states and the world will drive an economic rebound or just more coronavirus infections.
Tech stocks kept rallying Monday, helping to keep Wall Street steady. The S&P 500 ended the day at a virtual standstill, up just 0.39 points at 2,930.19, despite a lot of movement going on underneath. It rallied back from an earlier loss of 0.9% in the morning.
Stocks rose Friday on hopes that the most recent awful jobs report marks the bottom of the recession. After the report showed employers cut a record-busting 20.5 million jobs last month, the gains actually accelerated. While the number is a nightmare, it was slightly below the 21 million that economists told markets to brace for.
Stocks rose Thursday on hopes that the worst of the economic plunge has passed. The day’s headliner economic report showed another 3.2 million U.S. workers applied for jobless benefits last week, bringing the total to 33.5 million over the last seven weeks. It’s a shocking number, but it’s also the fifth straight week that it has declined since hitting a peak in late March.
Stocks ended the day Wednesday lower after a late slide. The S&P 500 wavered between modest gains and losses for much of the day as the gains for tech stocks jousted with the more prevalent losses elsewhere, before it turned lower in the last half hour of trading.
Stocks weathered early losses Monday and ended the day higher, led by tech issues. Energy stocks also helped steady the market after the price of oil pulled a bit further from the record lows set late last month.
Stocks slid Friday as Amazon and other companies detailed the virus fallout. The selling accelerated as the day went on, with energy stocks taking the biggest losses. Technology stocks and companies that rely on consumer spending accounted for a big slice of the decline.
Wall Street’s best month in 33 years closed with a whimper Thursday. The S&P 500 fell 0.9% after reports showed millions more U.S. workers filed for unemployment benefits last week and the European economy crumpled to its worst performance on record last quarter, among other lowlights. It was the biggest loss for the U.S. stock market in more than a week, but it was still just a wiggle within the S&P 500’s best month in decades.
Stocks charged higher on Wednesday on hopes of progress in fighting the coronavirus. The spark for Wednesday’s rally was a report that an experimental drug proved effective against the new coronavirus in a study run by the National Institutes of Health.
Slumping tech favorites pulled major U.S. stock indexes lower Tuesday. The S&P 500 slipped 0.5% after stocks that have held up the best through this year’s sell-off fell to some of the market’s sharpest drops. They included health care companies, big tech titans and winners of the stay-at-home economy, such as Netflix and Amazon.
Stocks rose Monday as governments considered reopening businesses and economies. From Rome, Ga., to Rome, Italy, companies are watching closely as politicians detail plans to ease up on restrictions meant to slow the coronavirus pandemic but which also erased businesses and jobs. This week is chockablock with potentially market-moving events, including meetings for several of the world’s largest central banks.
Wall Street ended a manic week on Friday with a gain that was led by tech stocks. “The market sort of feels like Dorothy coming to the crossroads and has yet to meet the scarecrow to tell her which way to go,” said Sam Stovall, chief investment strategist at CFRA.
An early rally Thursday got wiped out, leaving stocks finishing mixed. It’s the latest example of the fragility of the hope among investors that that has driven a rally of 25% for the S&P 500 over the last month — hope that parts of the economy may be able to reopen soon, hope that massive aid from the Federal Reserve and Congress can help temper the deep recession ahead and hope that possible treatments for COVID-19 may be on the way.
Stocks climbed worldwide Wednesday as oil prices crawled off the floor. Stocks rose from Seoul to Spain, and winners outnumbered losers in New York by more than two to one. Treasury yields also pushed higher in a sign of a bit less pessimism among investors.
Stocks dropped worldwide on Tuesday as oil’s chaotic collapse deepened. Global demand is set to drop to levels last seen in the mid 1990s. At the same time, oil producers can’t slow their production fast enough, and all the extra crude means storage tanks are quickly running out of room.
Stocks and Treasury yields dropped on Wall Street Monday, with the S&P 500 down 1.8%, but the market’s most dramatic action by far was in oil, where the cost to have a barrel of U.S. crude delivered in May plummeted to negative $37.63. It was at roughly $60 at the start of the year.
Hope took the reins on Wall Street Friday as stocks rallied worldwide. The S&P 500 jumped 2.7% Friday, following up on even bigger gains in Europe and Asia, as investors latched onto several strands of hope about progress in the fight against the coronavirus.
Stocks climbed Thursday as pandemic winners pulled away on Wall Street. Amazon, Dollar General and Walmart all closed at record highs as people stock up on staples. Netflix also reached an all-time high as people spend more time than ever at home, while health care stocks in the S&P 500 rose 2.2% for the biggest gain among the 11 sectors that make up the index.
Stocks sank Wednesday following grim data on the economic hit from the coronavirus. Markets are already bracing for what’s forecast to be the worst downturn since the Great Depression, but Wednesday’s data was even more dispiriting than expected, including a record drop for U.S. retail sales.
Stocks ended higher Tuesday as traders hope business restrictions will ease soon. Big companies also started reporting their first-quarter earnings, giving investors an early peek into how the outbreak was affecting them. Traders will be poring over companies’ quarterly report cards over the next few weeks to learn how the outbreak has affected corporate America’s prospects for profit growth this year.
Stocks fell Monday with financial, industrial and health care stocks accounting for some of the heaviest selling in advance of first quarter earnings reports and the effect the coronavirus pandemic has had on them.
Stocks climbed again on Thursday following the announcement by the Federal Reserve of programs to provide up to $2.3 trillion in loans to households, local governments and businesses as the country tips into what economists say may be the worst recession in decades. It’s the latest unprecedented move by the Fed.
Stocks moved up Wednesday after Dr. Anthony Fauci, the top U.S. infectious diseases expert, said the White House is working on plans to eventually reopen the country. President Donald Trump later said it “will be sooner rather than later.”
Wall Street’s recent rally fizzled Tuesday after oil prices suddenly plummeted. It dampened what had been an ebullient day for markets worldwide, following up on Monday’s 7% surge for the S&P 500 on encouraging signs that the coronavirus pandemic may be close to leveling off in some of the hardest-hit areas of the world.
Investors sent stocks climbing Monday. The S&P 500’s gains accelerated throughout the day, and markets in Europe and Asia rose nearly as much. In another sign that investors are feeling a bit less pessimistic about the economy’s path, they sold bonds. The yield on the 10-year Treasury rose for the first time in four days.
Stocks dropped Friday as the coronavirus crunched the job market and economy. Stocks initially held steady after the government said U.S. employers cut 701,000 more jobs than they added last month, the first drop in nearly a decade. Many businesses have slammed to a halt amid attempts to slow the spread of the coronavirus outbreak, and investors were fully expecting to see such abysmal numbers.
Wall Street rose Thursday for the first time in three days as oil prices climbed. The surge lifted energy stocks enough to pull the S&P 500 higher and outshine another dismal report showing that millions of Americans are joining the unemployment queue by the week.
Stocks skidded Wednesday as the physical and economic toll of the coronavirus worsened. “There is a lot of uncertainty,” said Megan Horneman, director of portfolio strategy at Verdence Capital Advisors. “The negative news is really taking over.”
Stocks fell again Tuesday, capping Wall Street’s worst quarter since 2008. The surge of coronavirus cases around the world has sent markets to breathtaking drops since mid-February, undercutting what had been a good start to the year.