Tag: Dow

US STOCKS-S&P 500, Dow fall on J&J vaccine worries; tech gains prop up Nasdaq

By Medha Singh and Shivani Kumaresan

Oct 13 (Reuters)The Dow and the S&P 500 fell on Tuesday after a four-day winning streak as a pause in Johnson & Johnson’s COVID-19 trial triggered concerns about the timing of a vaccine, although a rally in technology shares supported the Nasdaq.

Johnson & Johnson JNJ.N shed 2% as it said it would take “a few days” to review its halted clinical trial following an unexplained illness in a study participant, possibly delaying results on one of the most closely watched efforts to contain the global pandemic.

The S&P healthcare index .SPXHC slipped from a record high hit in the prior session and weighed on broader markets as vaccines are seen critical to stopping the pandemic, which has driven the economy to its worst recession in decades.

Some of the worst-hit companies due to the pandemic – cruise line operators Carnival

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Dow gains 250, Apple jumps 6%, Ford climbs on upgrade

Stocks finish solid Monday

The major indexes couldn’t hold on to their session highs but still finished with solid gains for Monday’s session. The Dow rose 250 points, or 0.9%, while the S&P 500 advanced 1.6%. The Nasdaq Composite climbed 2.6%. Apple’s gain of 6.4% boosted all three indexes. — Jesse Pound

Final hour of trading: Tech shares spark massive market rally to start the week

The major averages were headed for sharp gains on Monday, with tech stocks leading the gains. The Dow traded 300 points higher, or 1%. The S&P 500 jumped nearly 2% and the Nasdaq Composite popped more than 3% for its biggest one-day rally since April. —Fred Imbert

Oil slips nearly 3% as supply comes back online

Oil prices slid on Monday after supply came back online in the U.S., Libya and Norway. West Texas Intermediate crude, the U.S. oil benchmark, slid $1.17, or

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Dow Jones Surges 300 Points as Apple iPhone Event Approaches, Cisco Stock Shakes Off Downgrade

A winter wave of COVID-19 may be brewing in the U.S., with many states reporting distinct increases in confirmed cases. More economic stimulus may be necessary if the pandemic worsens from here, but Congress remains deadlocked on the issue. Despite all of this, the stock market was surging on Monday, with the Dow Jones Industrial Average (DJINDICES:^DJI) up 1.05% at 1:05 p.m. EDT.

Tech giant Apple (NASDAQ:AAPL) was the Dow’s top performer on Monday, rallying hard one day before the company is expected to announce iPhones that feature 5G technology. Shares of Cisco Systems (NASDAQ:CSCO) were also higher despite an analyst downgrade.

5G text over earth.

Image source: Getty Images.

Apple surges ahead of iPhone event

If 2020 were a normal year, Apple’s latest iPhones would have likely already launched. But supply chain disruptions due to the COVID-19 pandemic forced Apple to delay the launch by a few weeks. At an event in September,

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Dow gains 251 points as tech giants rally and stimulus hopes persist


  • US stocks rose on Monday as Democrats and Republicans inched closer to a stimulus compromise.
  • Mega-cap companies including Apple and Amazon led indexes higher as investors rushed to the growth favorites.
  • President Trump urged Republicans to speed up Amy Coney Barrett’s confirmation to the Supreme Court so that they can pass a new stimulus bill before Election Day.
  • Investors also prepared for earnings season. Citigroup and JPMorgan are set to kick off reporting on Tuesday.
  • Oil futures sank as operations temporarily halted by Hurricane Delta resumed. West Texas Intermediate crude fell as much as 3.8%, to $39.04 per barrel.
  • Watch major indexes update live here.

US equities extended their rally into a new week as investors pushed tech giants higher.

Apple surged ahead of a Tuesday event widely expected to unveil the next generation of iPhones. Amazon climbed as it kicked off its Prime Day sale

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Dow rallies more than 200 points, Nasdaq posts best day in a month

U.S. stocks rose sharply on Monday as tech shares outperformed while investors monitored stimulus negotiations in Washington.

The Dow Jones Industrial Average rose 250.62 points, or 0.9%, to close at 28,837.52. The S&P 500 gained 1.6% to end the day at 3,534.22 and the Nasdaq Composite advanced 2.6% to 11,876.26. It was the Nasdaq’s best day since Sept. 9, when it rallied 2.7%.

Apple jumped 6.4% — the stock’s biggest one day gain since July 31 — as investors looked ahead to a key event for the company. On Tuesday, Apple is expected to unveil its first 5G iPhone. History shows Apple shares usually outperform the broader market after an iPhone launch.

Facebook and Amazon advanced 4.3% and 4.8%, respectively. Alphabet popped 3.6% and Microsoft gained 2.6%.

The iShares Russell 1000 Growth ETF (IWF) rallied 2.3% and outperformed its value counterpart, the iShares Russell 1000 Value ETF (IWD). The latter

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Stock market news today: Dow, S&P fall on Trump’s COVID-19 test, tech slump

  • US stocks sank on Friday after President Donald Trump and First Lady Melania Trump said they both tested positive for COVID-19.
  • The diagnosis adds more uncertainties to the final month of a presidential race already expected to fuel outsize market volatility.
  • While some sectors pared losses and swung higher, falling tech stocks dragged on major indexes and led the Nasdaq composite to underperform its peers.
  • Investors also faced off against weakening economic data. US businesses added 661,000 nonfarm payrolls in September, according to the Bureau of Labor Statistics. That’s less than economists’ expectation of 859,000 payrolls.
  • Oil futures continued to slide below the $40 support level. West Texas Intermediate crude dropped as much as 5.4%, to $36.63 per barrel.
  • Watch major indexes update live here.

US equities tumbled on Friday after President Donald Trump and First Lady Melania Trump announced they both tested positive for COVID-19.

Trump was tested late

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Dow Jumps 500 Points As Banks And Tech Stocks Rally

Topline

 The market moved sharply higher on Monday, trying to recover from its fourth straight week of losses, as shares of tech stocks and banks led the rally.

Key Facts

The Dow Jones Industrial Average was up 1.7%, nearly 500 points, on Monday, while the S&P 500 rose 1.5% and the tech-heavy Nasdaq Composite gained 1.4%.

With only a few days of trading left in September, all three major averages are still on track to post their first monthly losses since March, when the stock market hit a low point during the coronavirus pandemic. 

Big Tech stocks, which have been the main source of the market’s sell-off in September, rebounded on Monday: Shares of Amazon, Apple, Microsoft, Facebook and Google-parent Alphabet all rose.

Bank stocks also led the market higher, with JPMorgan Chase, Bank of America, Citigroup, Wells Fargo,

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Dow soars 359 points as investors buy the dip in tech stocks



a man standing in front of a computer: Xinhua/Wang Ying/ Getty Images


© Xinhua/Wang Ying/ Getty Images
Xinhua/Wang Ying/ Getty Images

  • Major US stock indexes climbed on Friday, driven by a surge in technology stocks.
  • Still, Friday’s increase wasn’t enough to lift them into positive territory for the week. Both the S&P 500 and Dow Jones industrial average notched their fourth straight weekly decline.
  • Equities have come under pressure in recent week as investors monitor rising COVID-19 cases overseas and in the US.
  • Putting additional pressure on stocks is Congress’ likely inability to pass another round of fiscal stimulus before the November election.
  • Watch major indexes update live here.

Stocks climbed on Friday, driven by the same sector that’s led markets lower over the past month: technology. Investors bought the dip and pushed major indexes firmly into positive territory after tepid trading in the morning hours.

Still, Friday’s gains weren’t enough to salvage a positive week. The S&P 500 and Dow Jones

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How S&P, Dow and Nasdaq indexes fared Wednesday

Stan Choe, Damian J. Troise and Alex Veiga, Associated Press
Published 5:28 p.m. ET Sept. 23, 2020

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After 19 years covering the stock market for USA TODAY, Adam Shell gives his best advice on how to successfully invest in the market.

USA TODAY

Wall Street racked up more losses Wednesday as stocks closed broadly lower, wiping out the market’s gains from the day before.

The S&P 500 fell 2.4% after giving up an earlier gain. The selling, which accelerated in the afternoon, was widespread, though technology stocks accounted for the biggest losses. The decline deepens the benchmark index’s September slide to 7.5% after a five-month rally.

The market has been whiplashed by several shifts in momentum recently. This week alone, a Monday swoon brought the S&P 500 to the edge of a 10% drop from its record high set on Sept. 2, what Wall Street calls a correction. It

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Tech sell-off again, Dow drops 500, Interactive Brokers raises margin levels

Stocks close near session lows

The market was unable to shake off its losses in the final hour of trading and finished near session lows. The Nasdaq Composite was the worst performer, falling 3%. The Dow notched a loss of 525 points, or 1.9%, while the S&P 500 sank 2.4%. — Jesse Pound

S&P 500 retesting Monday sell-off after bounce in tech and momentum fails

As the market sells off into the close, traders are watching 3,229 on the S&P 500, Monday’s low. If the index breaks that level and closes below it, the next big level technicians are watching is the 200-day moving average at 3,106.

Scott Redler of T3Live.com said the S&P’s big test is how it deals with the Monday low. “If it breaks it and closes below it, the market will likely make a bigger move to the 200-day,” he said.

Tech stocks and momentum names

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