Stocks rise on Wall Street; S&P 500 within 1% of record
Monday, 10 August 2020 U.S. stock indexes closed mostly higher Monday, nudging the S&P 500 within striking distance of its all-time high set in February. The S&P 500 rose 0.3% after wavering between small gains and losses in the early going. The benchmark index is now within 1% of its last record high. 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. Trump signed executive orders over the weekend to extend an expired benefit for unemployed workers, among other things. The orders were more limited than what investors hoped to see from a full rescue bill for...
The Dow jumped more than 800 points and the S&P 500 ended higher but closed just shy of a record on Monday as investors bet that a full economic reopening was finally in sight following the first positive data from a late-stage COVID-19 vaccine trial. Fred Katayama reports.
On Monday, phrama giant Pfizer revealed positive COVID-19 vaccine news. The news sent shares of stay-at-home stocks like Netflix plummeting on Monday. Netflix itself fell as much as 9%, even as major indexes like the S&P 500 and Dow Jones industrial average soared to record highs. Consumers flocked to entertainment alternatives amid the lengthy stay-at-home orders. Netflix saw a spike in subscribers due to the COVID-19 pandemic.
U.S. stocks jumped on Thursday, as investors bet Republicans would retain control of the Senate and block any major policy changes under a possible Joe Biden White House that could dampen corporate profits. Fred Katayama reports.
U.S. stocks hovered near unchanged on Friday to close out with a big weekly gain as Democratic challenger Joe Biden edged closer to victory in the presidential election, while the monthly jobs report underscored the hurdles still facing the economy. Fred Katayama reports.
When Senate majority leader Mitch McConnell was asked by a reporter Tuesday about Republican senators not acknowledging President-elect Joe Biden's win over Donald Trump, he responded that "the Electoral College will determine the winner."
President-elect Joe Biden’s transition team is considering legal action over a federal agency’s delay in recognizing the Democrat’s victory over President Donald Trump in last week’s election. This report produced by Yahaira Jacquez.
For months, Seattle has dealt with nightly protests. Some have become violent. Some have become deadly. Some protesters camped out and occupied the area outside Seattle police's East Precinct building in the Capitol Hill neighborhood. Protesters dubbed it the Capitol Hill Autonomous Zone. And according to CNN, US Attorney General William Barr was not happy about it. Despite White House threats, Seattle Mayor Jenny Durkan refused to allow federal troops to move the protesters out.
The bull market kept rolling along Friday with the S&P 500 and Nasdaq once again closing at record heights and the Dow made progress by erasing all of its losses for the year. Conway G. Gittens has the..