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Stocks have their worst day in a month as virus cases surge

WorldNews Monday, 26 October 2020
Stocks have their worst day in a month as virus cases surgeU.S. stocks fell sharply Monday as a troubling increase in coronavirus counts put investors in a selling mood. The skid came as doubts mount on Wall Street that Washington will come through with more stimulus for the economy before election day. The Standard & Poor’s 500 index slid 1.9%, its biggest single-day decline in more than a month. The Dow Jones industrial average dropped 650.19 points after having been down more than 960 during the heaviest selling. Technology companies drove much of the broad sell-off, though losses in communications services, financial and industrial stocks helped weigh down the market. Energy stocks also dropped in tandem with crude oil prices. Stocks also...
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S&P 500 Ends The Week On Record Highs [Video]

S&P 500 Ends The Week On Record Highs

On Friday, US stocks made gains as hopes for a peaceful transition to the Biden administration offset concerns about soaring COVID-19 cases. Business Insider reports S&P 500 closed at a record high. On Thursday Pres. Donald Trump said he'd hand over power when the Electoral College certifies President-elect Joe Biden as the winner of the 2020 election. The US reported 125,082 new coronavirus cases on Thursday. That brought the seven-day average to 163,831, according to the COVID Tracking Project. Deaths topped 254,000, and hospitalizations jumped above 90,000. The stock market's "fear gauge" fell as low as 19.51 on Friday, dropping amid low trading volumes to its lowest level since the pandemic began.

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The S&P 500 and Dow closed lower Wednesday as mounting U.S. layoffs in the wake of new lockdowns to contain surging COVID-19 infections dampened investor risk appetite. Fred Katayama reports.

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The S&P 500 and the Dow retreated Wednesday as a surprise rise in weekly jobless claims added to signs the recovery of the labor market was stalling amid a surge in COVID-19 infections. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:41Published
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Credit: Wochit News    Duration: 00:37Published

Wall Street slips amid worries about worsening pandemic

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Wall Street too giddy over vaccines: economist [Video]

Wall Street too giddy over vaccines: economist

Spartan Capital Securities chief market economist Peter Cardillo tells Reuters Fred Katayama investors are overly optimistic on the impact of vaccines as AstraZeneca's trial data comes under question. He also provides his view on retailers' prospects for the holiday shopping season.

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Nasdaq closes at record high as investors bank on vaccine

Hope that pandemic can be halted propels Wall Street to its third weekly gain in the past four weeks.
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Tesla's Market Value Tops $500 Billion [Video]

Tesla's Market Value Tops $500 Billion

Tesla may be the new kid on the block in the auto industry, but it's quickly become a big kid on Wall Street. The electric-car maker's shares continued to climb more than 4% on Tuesday. This increases the company's total market value above $500 billion for the first time. The milestone comes on the heels of a banner year for Tesla's stock, says CNN. Tesla recently upgraded facility now has the capacity to build 500,000 Model Y and Model 3 sedans a year.

Credit: Wochit News    Duration: 00:39Published

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Slack Spikes 32%, Reports Of Takeover By Salesforce [Video]

Slack Spikes 32%, Reports Of Takeover By Salesforce

Slack rocketed as much as 32% higher on Wednesday after Dow Jones reported Salesforce.com is in talks to acquire the workspace-communications company. Such a deal would likely value Slack at more than the $17 billion market cap it held before shares jumped. There's no guarantee the talks will lead to a takeover, and Salesforce could target another company for an acquisition, sources familiar with the matter told Dow Jones.

Credit: Wochit News    Duration: 00:32Published
Global stocks hit record highs [Video]

Global stocks hit record highs

Global shares reached record highs on Wednesday after the Dow Jones broke 30,000, with investors relieved at the prospect of a smooth handover of power after the U.S. presidential election and confident a COVID-19 vaccine would soon be ready. Francis Maguire reports.

Credit: Reuters Studio    Duration: 01:35Published

AP Top Stories November 24 P

Here's the latest for Tuesday, Nov. 24: Joe Biden unveils his national security team; Restaurant workers lose jobs again as virus surges anew; Dow crests a..
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