Stocks jumped to record highs at the start of the final week of 2020 after President Donald Trump unexpectedly signed a $900 billion COVID-19 economic aid package. The Dow Jones rose 240 points higher, or 0.8%, to 30,440 points as of 11.30am EST. The benchmark briefly climbed to 30,525.56, its first intraday record in 10 days, before … Read more
Dow slumps 100 points and Wall Street pulls back from post-election rally as job growth slows and Biden edges closer to the White House Main US stock indexes edged lower on Friday after a post-election surge Stocks had rallied at the prospect of a split government in Washington But latest jobs numbers showed a slowdown … Read more
US stocks jumped again on Thursday as the presidential election hung in the balance with the Dow rising nearly 600 points and the S&P 500 rallying toward its biggest weekly jump since April. With counting continuing in the battleground states, investors were abandoning cautious positioning that many took ahead of the election, driving all of … Read more
Technology and health care companies led a stock market rally Wednesday as Wall Street shrugged off the presidential election limbo. The S&P 500 rose 2.2% for its best day in five months. The benchmark index had been up 3.5% before the market lost some of its momentum toward the end of the day. That pullback … Read more
The pound has slumped against the dollar as the US presidential election battle failed to produce an early result and looks set to continue for days. At midnight, the pound was trading at $1.315 but dropped to $1.290 earlier this morning before settling at around $1.300 in the afternoon. Leading up to election day, markets … Read more
Stocks tumbled again Friday with the Dow Jones Industrial Average closing 157 points lower and posting its biggest weekly losses since March. Wall Street is closing out a punishing week with all three major indexes in the red, dragged down by a slide in shares of tech heavyweights following their quarterly results. The Dow had earlier … Read more
Donald Trump sparked a panicked stock market sell-off Tuesday afternoon as he tweeted that he would not allow talks on a stimulus plan to go on before the November election. In a series of tweets sent from the White House residence where he is still on drugs to fight his COVID, Trump canceled talks with … Read more
The Wall Street Journal’s opinion section had a scathing response Thursday to the 280 staffers who had signed a letter this week claiming it pushed ‘misinformation’. In a note published by the section’s editorial board late Thursday night, the fiery rebuttal vowed that the opinion section wouldn’t ‘wilt under cancel-culture pressure’ following the protest letter sent … Read more