Stocks rebounded on Wednesday. The S&P 500 notched a 1.4% gain, its eighth in nine days. It ended within 0.2% of its record high from Feb. 19, when the coronavirus seemed like only a far-away worry for Wall Street. Big technology stocks led the way higher once again.
A late reversal Tuesday left the S&P 500 with a 0.8% loss after having been up 0.6% earlier. The decline in big-name technology stocks like Apple and Microsoft, plus losses in health care and communications stocks, outweighed gains in financial, industrial and energy companies.
Stocks climbed Monday with the S&P 500 finishing within 1% of a record. The gains came on the first trading day since President Donald Trump announced several stopgap moves to aid the economy in response to the collapse of talks on Capitol Hill for a bigger rescue package.
The S&P 500 inched up 2.12 points, or 0.1% on Friday, to 3,351.28 to eke out a sixth straight gain, after being down most of the day. It’s back within 1% of its record for the first time since February.
The S&P 500 rose 21.39, or 0.6%, to 3,349.16, as investors also waited for Congress and the White House to reach a hoped-for deal on more aid for the economy. It was the fifth straight gain for the index, which now hangs just 1.1% below its record set in February. Early in the spring, when panic about the pandemic was at its height, the S&P 500 had been down nearly 34%.
The S&P 500 climbed 21.26 points, or 0.6%, to 3,327.77 on Wednesday, echoing gains for stocks across Europe and Asia. If the U.S. market has just a few more days like that, it will erase the last of the historic losses it’s taken since February because of the coronavirus pandemic and the recession it caused.
Stocks ticked higher on Wall Street Tuesday. The S&P 500 rose 11.90 points, or 0.4%, to 3,306.51 after flipping between small gains and losses throughout the day. It’s the mildest move for the index in two weeks.
Stocks rallied worldwide on Monday. The S&P 500 tacked 0.7% more onto its four-month winning streak, and Big Tech once again led the way. The index rose 23.49 points to 3,294.61 to get within 3% of its record for the first time since February.
Strong gains for Big Tech stocks helped prop up Wall Street Friday. The S&P 500 rose 24.90 points, or 0.8%, to 3,271.12 following blowout profit reports from Apple and several other tech titans. The gains didn’t come easily, though, and the stock market flipped up and down through the day amid worries about the economy and whether Congress can find agreement on more aid for it.
Wall Street slid Thursday, but stronger-than-expected profit reports from UPS and other companies helped the market trim its losses through the day. So did steadying prices for Amazon and other big tech-oriented stocks, which reported their own results after the day’s trading ended.
Wall Street rallied Wednesday. U.S. stocks began rising as soon as trading opened, and momentum picked up after the Fed said in the afternoon that it will keep interest rates at their record low as the economy struggles through the recession created by the coronavirus pandemic.
The S&P 500 fell 20.97 points, or 0.6%, to 3,218.44 after a last-hour slide Tuesday erased a small gain from earlier in the day. Caution across markets also helped send Treasury yields a bit lower and gold a bit further into record heights.
Wall Street returned to rallying on Monday. The S&P 500 rose 0.7% to more than recover all its losses from last week, as Apple and other tech giants returned to their winning ways. Nervousness was still hanging over markets, though, and gold shot up to touch its highest price ever.
Wall Street closed down on Friday after a worldwide slide. The S&P 500 fell 0.6% and ended the week with its first weekly loss in four weeks. The pullback, which eased somewhat by afternoon, came as traders turned cautious amid increased tensions between the world’s two largest economies and a mixed batch of company earnings reports.
On Thursday, the S&P 500 posted its biggest loss in nearly four weeks. Technology stocks had the sharpest drops after a better-than-expected profit report from Microsoft failed to satisfy investors expecting even more from the stock that’s largely defied gravity and the pandemic this year.
Stocks closed mostly higher Wednesday after an up-and-down day of trading. The S&P 500 gained 0.6%, its fourth gain in a row, after wavering between gains and losses for much of the afternoon. Strength in technology and health care stocks outweighed losses in energy companies, banks and elsewhere in the market. Treasury yields fell slightly, a sign of caution in the market.
Banks and energy companies led stocks higher on Wall Street Tuesday. The latest gains followed strength in markets overseas as investors welcomed news that European leaders have agreed on a budget and coronavirus relief fund worth more than $2 trillion.
Gains by technology and communication stocks and companies that rely on consumer spending outweighed losses elsewhere in the market on Monday. A rally, which gained strength in the final hour of trading, nudged the benchmark S&P 500 index to a slight gain for the year and drove the Nasdaq composite to an all-time high.
On Friday, the S&P 500 rose 9.16 points, or 0.3%, to 3,224.73 after yet another day of wobbly trading. Most stocks across the market rose.
Stocks dipped Thursday as a global rally faded. Heavy losses for travel-related stocks helped pull the S&P 500 to its first loss in three days, down 10.99 to 3,215.57. Cruise-ship operators, airlines and hotels gave up chunks of their big gains from a day earlier. Drops for Microsoft and other tech titans also weighed heavily because they’re the largest stocks in the index.
Stocks rose Wednesday on hopes for a coronavirus vaccine. Investors see a vaccine as the best way for the economy and human life to get back to normal, and researchers said late Tuesday that one developed by the National Institutes of Health and Moderna revved up people’s immune systems in early testing, as hoped.
The S&P 500 climbed 1.3%, led by energy producers and other companies whose profits would benefit greatly from a strengthening economy. It was a sharp turnaround from the morning, when the index was down 0.9%, and from Monday’s last-hour slide after California shut bars and reinstated other restrictions amid a jump in coronavirus counts.
Stocks slammed into reverse Monday as the coronavirus pandemic continued to scar the economy. The S&P 500 fell 0.9%, with all the losses accumulating in the last hour of trading, after California said it will extend closures of bars and indoor dining across the state, among other restrictions. It’s one of many states across the U.S. West and South where coronavirus counts are accelerating and threatening the budding recovery that just got underway for the economy.
Wall Street rallied Friday as optimism returned to cap an erratic week for stocks. The S&P 500 climbed 1%, and the biggest gains came from cruise ship operators, airlines, banks and other companies that most need the economy to continue to reopen and strengthen.
Smaller stocks sank more than the rest of the market on Thursday, which often happens when investors are downgrading their expectations for the economy.
Stocks rallied Wednesday on a jumbled day of trading, where the S&P 500 drifted up and down a few times before a last-hour lift sent it to a gain of 0.8%.
Wall Street followed a solid stock market rally with pullback Tuesday.
Markets around the world climbed Monday. The S&P 500 rose 1.6%, following up on similar gains in Europe and Asia, and clawed back to within 6.1% of its record set in February. The headliner was China’s stock market, which leaped 5.7% for its biggest gain since 2015, when it was in the midst of a bubble bursting.
Stocks climbed Thursday following positive jobs data. The S&P 500 rose 0.5%, its fourth-straight gain. The index ended the holiday-shortened week with a gain of 4%. The Nasdaq composite climbed to another all-time high, aided by more gains in technology companies.
The S&P 500 index notched another gain on Wednesday, a mixed day for stocks. Encouraging reports on the U.S. economy helped nudge the market higher.
Stocks closed out their best quarter since 1998 Tuesday with more gains. The S&P 500 climbed 1.5%, bringing its gain for the quarter to nearly 20%. That rebound followed a 20% drop in the first three months of the year, the market’s worst quarter since the 2008 financial crisis. The plunge came as the coronavirus pandemic ground the economy to a halt and millions of people lost their jobs.
Wall Street stocks clawed back a chunk of last week’s losses on Monday. The S&P 500 rose 1.5% after having been down 0.3%. The market rallied after a much healthier-than-expected report on the housing market put investors in a buying mood.
Stocks sank Friday as new coronavirus cases jumped forcing states to backtrack. The S&P 500 dropped 2.4%, giving up all of its gains after a rally the day before. The sell-off capped a choppy week of trading that erased the benchmark index’s gains for the month. Even so, the S&P 500 is still on pace for its best quarter since 1998.
Banks led a stock surge Thuraday after the Fed and four regulatory agencies announced they’re going to change a rule that has limited banks’ ability to make investments in such areas as hedge funds. The rule change could free up billions of dollars in capital in the banking industry.
Stocks slid on Wall Street Wednesday as new coronavirus cases surged. The sell-off, which followed steep drops in European markets, accelerated around mid-morning on news that New York, New Jersey and Connecticut will require visitors from states with high infection rates to quarantine for 14 days.
There were more gains for tech stocks on Tuesday. Investors have been focused on the prospects for an economic recovery as more businesses reopen after being shut down due to the coronavirus pandemic. Encouraging economic data, including retail sales and hiring, have helped stoke optimism that the recession will be relatively short-lived.
Stocks ended Monday with solid gains after an unsteady start. The S&P 500 rose 0.6% after initially sliding 0.6% following weakness in overseas markets as the global tally of coronavirus infections approaches 9 million. Investors are weighing the risks that rising coronavirus cases could pose to hopes for an economic recovery.
Wall Street dipped Friday as virus fears drowned out economy hopes. It’s another example of how uncertainty is the dominant force over Wall Street as investors weigh budding improvements in the economy against worsening infection levels in the South and West.
Wall Street was stuck in neutral Thursday. The S&P 500 edged up by 0.1% after flip-flopping repeatedly between small gains and losses through the day. Earlier, stocks slipped in European and Asian markets, while Treasury yields faded in another sign of increased caution.
Wall Street dipped Wednesday after trending upward earlier in the week amid hopes that the worst of the recession may have already passed, and a worldwide rally on Tuesday carried the S&P 500 back to within 8% of its record. But rising levels of coronavirus infections in several hotspots around the world is also raising concerns that all the improvements could get upended.