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Stocks end mixed; Microsoft tops sales forecast

Video Credit: Reuters Studio - Duration: 01:41s - Published
Stocks end mixed; Microsoft tops sales forecast

Stocks end mixed; Microsoft tops sales forecast

The Dow and S&P 500 fell on lackluster earnings, election worries and rising COVID-19 cases worldwide, but tech stocks fared better and had positive news after the close when Microsoft topped sales forecasts.

Conway G.

Gittens has the market action.


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Dow, S&P pull back from record highs [Video]

Dow, S&P pull back from record highs

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.

Credit: Reuters Studio    Duration: 01:38Published
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
Slowing labor market recovery weighs on stocks [Video]

Slowing labor market recovery weighs on stocks

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
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

S&P 500 Index S&P 500 Index Stock market index

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.

Credit: Wochit News    Duration: 00:42Published
Dow Jumps 210 Points On Vaccine News From AstraZeneca [Video]

Dow Jumps 210 Points On Vaccine News From AstraZeneca

On Monday, US stocks rose. AstraZeneca said its COVID-19 vaccine candidate demonstrated an average efficacy rate of 70%. This is the third COVID-19 vaccine said to have surpassed the Food and Drug Administration's requirement of 50% effectiveness. S&P 500: 3,580.82, up 0.7% Dow Jones industrial average: 29,473.41, up 0.7% (210 points) Nasdaq composite: 11,929.04, up 0.6%

Credit: Wochit News    Duration: 00:37Published