The New York Stock Exchange (NYSE) closed higher on Friday, despite uncertainties about the rising number of COVID-19 cases and concerns regarding a second wave of the pandemic. The Dow Jones Industrial Average rose by 358.5 points, or 1.34%, and closed at 27,173.96 points, but declined by 1.8% for the …
Read More »Wall Street Opens Lower as Jobless Claims Rise
Wall Street opened lower Thursday as a sudden increase in jobless claims indicates that the labour market recovery is weak and that more financial support will be necessary to avoid another round of massive and temporary layoffs. The Dow Jones Industrial Average fell 47.04 points, or 0.18%, to 26716.09 points. …
Read More »Wall Street Closes in Red
Wall Street ended Wednesday’s trading in decline, after recent remarks by US Federal Reserve officials signaled maintaining interest rates near 0% for the coming three years, as well as concerns among the rising number of COVID-19 cases. The Dow Jones Industrial Average dropped by 1.92%, or 525.05 points, to close …
Read More »Wall Street Lower on Fears of Corona And Stimulus
The main stock indices fell on Wall Street at the open Monday, September 21, as fears grew of a new blow to the country’s economy in light of concern about another round of lockdown measures due to the Coronavirus and the ability of Congress to agree on more fiscal stimulus. …
Read More »Wall Street Records Weekly Losses
The New York Stock Exchange (NYSE) extended its weekly losses on Friday, amid increasing selling pressures, especially on tech stocks. The Dow Jones Industrial Average DJIA dropped by 244.56 points, or 0.9%, to finish at 27,657.42 points, registering a marginal weekly loss of less than 0.1%. S&P 500 lost 37.54 …
Read More »NYSE Closes Lower as Market Digests Fed Policy Statement
The New York Stock Exchange (NYSE) closed Thursday lower with the market digesting the effect of the Federal Reserve’s decision to maintain interest rates near 0%, a move that would probably continue until 2023. The Dow Jones Industrial Average declined by 130.40 points, or 0.4%, to close at 27,901.98 points. …
Read More »NYSE Closes Wednesday Mixed Following Fed Meeting
The New York Stock Exchange (NYSE) finished Wednesday’s trading mixed, after the release of the Fed policy statement. The Dow Jones Industrial Average closed higher by 36.78 points, or 0.1%, at 28,032.38 points. The S&P 500 index declined by 15.71 points, or 0.5%, and closed at 3,385.49 points. Similarly, the …
Read More »NYSE Closes Positively Awaiting Fed Policy Statement
The New York Stock Exchange (NYSE) closed Tuesday mostly higher, supported by positive economic data, and anticipation for the results of the Federal Reserve meeting. The Dow Jones Industrial Average marginally rose by 2.27 points and closed at 27,995.60 The S&P 500 index added 17.66 points, or 0.5%, and finished …
Read More »NYSE Closes Higher Amid Vaccine Hopes
The New York Stock Exchange (NYSE) rose on Monday, amid a positive performance by most stock markets on renewed hopes for developing a COVID-19 vaccine. The Dow Jones Industrial Average increased by 328 points, or 1.2%. The S&P 500 index closed higher by 1.3%, while the Nasdaq Composite showed recovery …
Read More »Wall Street Opens Higher On Strong Major Tech Stocks
US stocks opened higher, buoyed by heavyweight tech stocks, as quarterly results exceeding expectations for Oracle confirmed the robustness of technology-related companies during the Coronavirus crisis. The Dow Jones Industrial Average rose 79.28 points, or 0.29%, to 27,613.86 points. The Standard & Poor’s 500 Index opened, up 13.51 points, or …
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