Fears of the spreading delta variant of the coronavirus prompted a slide in stocks on Monday. Airlines, hotels, cruise ships, and other tourism-based companies had some of the biggest stock losses.
The benchmark index climbed 0.13% while the Dow Jones Industrial Average rose 210 points, or 0.61%.
Investors turned their focus to another wild surge in GameStop and a handful of other stocks favored by online investors.
The House Financial Services Committee is holding a hearing Thursday following January’s GameStop saga during which shares soared 1,600% before falling back to Earth.
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Amid the recent astronomical surge in value of shares of struggling companies like GameStop and AMC, trading strategies like short selling and short squeezing have been trending all over social media, leaving many scrambling to keep up. Here’s what you need to know to understand what’s going on.
Wall Street professionals were counting on GameStop’s stock price to plunge - but an army of smaller investors rallied on Reddit to beat the pros and support the struggling retail chain.
U.S. stocks wrapped a wild 2020 with a basket of records.
With prices for the precious metal soaring to near record highs, that old chain or single earring collecting dust in your jewelry box is worth more than ever
The Dow Jones Industrial Average was down 629 points, or 2.5%, at 24,975, as of 9:48 a.m. Eastern time, and the Nasdaq composite was down 1.5%. The losses were widespread, with 98% of the stocks in the S&P 500 lower
The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.
U.S. equity markets fought for gains Tuesday after President Trump threatened to deploy the military to quell violence and looting in cities across America after the death of a black man in police custody in Minneapolis.
ISM Manufacturing rose to 43.1 in May.
U.S. equity markets curbed the bulk of their losses Friday after President Trump announced a new wave of crackdown efforts on China, but stopped short of instituting new sanctions or upending the trade deal between the two countries.
The Dow Jones Industrial Average fell 148 points, or 0.58 percent, while the S&P 500 slipped 0.21 percent.
U.S. equity markets were mixed Wednesday as U.S. states continued with their plans to reopen America.
U.S. equity markets surged to their best levels in months as states continued to reopen and as traders returned to the New York Stock Exchange for the first time since shutting down on March 23 to slow the spread of COVID-19.
U.S. equity markets slipped Friday but registered solid weekly gains as investors focused on the reopening of the American economy while also keeping tabs on Chinese President Xi JInping's efforts to tighten his grip over Hong Kong ahead of the Memorial Day weekend.
U.S. equity markets slipped Thursday as investors weighed the pace of the economic recovery after job losses tied to COVID-19 remain elevated.
U.S. equity markets maintained gains Wednesday even though the Federal Reserve, in the April minutes, warned the coronavirus may carry 'considerable risk' for the U.S. economy.