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.
Stocks rallied worldwide Tuesday on hopes for a coming economic recovery. The S&P 500 climbed 1.9% for its third straight gain, bringing it back within 8% of its record set in February. Gains have built in recent weeks as reports bolster investor expectations that the worst of the downturn may have already passed.
The S&P 500 climbed 0.8% following the latest day of big swings in global markets, as a remarkable, weekslong rally shows some cracks. Worries are rising that additional waves of coronavirus infections could derail the swift economic recovery that Wall Street had seemed so sure was on the way just a week ago.
U.S. stocks bounced higher Friday, but still ended the week with a loss. Small-company stocks and bond yields rose, meaning investors were a bit more willing to take on risk again a day after the heavy market rout.
Stocks dropped Thursday, with the S&P 500 closing down 5.9%, its worst day since mid-March, when stocks had a number of harrowing falls as the virus lockdowns began.
Stocks ended mostly lower Wednesday. Most sectors finished lower, but a surge in technology sector stocks helped push the Nasdaq above 10,000 for the first time, giving the index its third record high close in a row. Bond yields were broadly lower, reflecting caution among investors.
The S&P 500 fell 0.8% Tuesday, its largest loss in almost three weeks, as traders cashed in on some of the market’s recent gains. Financial, industrial and health care stocks led the slide. Technology companies were among the gainers, helping to push the Nasdaq to another all-time high.
Stocks vaulted higher Monday, with the Nasdaq hitting a record. The S&P 500, which dictates how more 401(k) accounts perform, climbed back within 4.5% of its own record as optimism strengthens that the worst of the recession may have already passed.
Wall Street’s rally zoomed higher Friday after a surprise gain in jobs was announced. The S&P 500 jumped another 2.6% after a report said the U.S. job market surprisingly strengthened last month, bolstering hopes that the worst of the recession may have already passed.
On Thursday, the S&P 500 lost 10.52 points, or 0.3%, to 3,112.35 after being on track earlier in the day for its longest winning streak since December.
The S&P 500 rose 1.4% Wednesday for its fourth straight gain as lockdowns loosen around the world and raise hopes for a coming economic recovery. Treasury yields also strengthened in a sign of improved confidence after reports suggested that while the U.S. economy is still getting pummeled, it may not be as bad as economists had feared.
On Tuesday, U.S. stocks extended their gains for a third consecutive day following a rally in global stocks, driven by optimism that the global economy will begin to recover as governments gradually allow businesses that were closed due to the coronavirus outbreak to reopen.
Stocks closed higher Monday, extending their run. The S&P 500 climbed 0.4% after wavering between small gains and losses in the early going. Banks, companies that depend on consumer spending and communications companies accounted for a big slice of the gains. Health care was the only sector to fall. Bond yields were mostly higher, another sign of optimism among traders. Oil prices fell.