Articles written by damian j. troise

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S&P 500 climbs again, closing out best week since November

Wall Street closed out a winning week Friday as the S&P 500 notched its fifth gain in a row and its biggest weekly increase since November. The benchmark index rose 0.4% and ended the week 4.6% higher, more than making up for its decline in January....

 

GameStop soars again; Wall Street bends under the pressure

Another bout of selling gripped the U.S. stock market Friday, as anxiety mounts over whether the frenzy behind a swift, meteoric rise in GameStop and a handful of other stocks will damage Wall Street overall. The S&P 500 dropped 1.9%, giving the benc...

 

Wall Street slips amid worries about worsening pandemic

Stocks ended an up-and-down week on a down note on Wall Street Friday, taking 0.7% off the S&P 500. The benchmark index logged its first weekly loss so far this month. Worries about the worsening pandemic and the restrictions it's bringing are outwei...

 

Stocks end another wobbly day lower as virus cases rise

Wall Street's losses mounted for the second straight day Tuesday as momentum slows on worries about rising virus counts and Washington's inability to deliver more aid to the economy. The S&P 500 fell 0.3% after spending much of the day swinging...

 

Stocks rise as Trump tweets on stimulus keep market spinning

Stocks closed broadly higher on Wall Street Wednesday after President Donald Trump appeared to backtrack on his decision to halt talks on another rescue effort for the economy. The S&P 500 climbed 1.7% after Trump sent a series of tweets late...

 

Stocks rise on Wall Street; S&P 500 within 1% of record

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...

 

Wall Street rallies as optimism returns to cap erratic week

NEW YORK (AP) — Optimism returned to Wall Street on Friday, and stocks rallied to cap a shaky week dogged by worries that rising coronavirus counts may halt the economy's recent upswing. The S&P 500 climbed 1%, and the biggest gains came from c...

 

Stocks sink as virus cases jump, forcing states to backtrack

Stocks on Wall Street fell sharply Friday as confirmed new coronavirus infections in the U.S. hit an all-time high, prompting Texas and Florida to reverse course on the reopening of businesses. The combination injected new jitters into a market...

 

Stocks rally worldwide on hopes for coming economic recovery

NEW YORK (AP) — Stocks rose again Tuesday, part of a strong and worldwide rally for markets, after a big rebound in buying at U.S. stores and online raised hopes that the economy can escape its recession relatively quickly. The S&P 500 climbed 1...

 

Wall Street's rally zooms higher after surprise gain in jobs

For weeks, critics said Wall Street's big rally made no sense when the economy seemed set for only more despair. On Friday, it got a bit of validation. The S&P 500 jumped another 2.6% after a report said the U.S. job market surprisingly strengthened...

 

Stock indexes head higher on Wall Street after wobbly start

Stocks are notching modest gains on Wall Street Monday as investors balance cautious optimism about the reopening of businesses shut down because of the coronavirus pandemic against worries that the civil unrest across the U.S. over police brutality...

 

Stocks rise on hopes that awful jobs report marks the bottom

Wall Street doubled down on its bet that the worst of the recession has passed, sending stocks higher again on Friday despite another historic, crushing report on the job market. Stocks around the world were already rising before the U.S. government...

 

Stocks climb worldwide as oil prices crawl off the floor

NEW YORK (AP) — Stock rose on Wednesday, and the S&P 500 recovered a chunk of this week's sharp losses as a bit of oxygen pumped through markets around the world. Even oil gained ground, pulling further away from zero after earlier getting turned ups...

 

Hope takes the reins on Wall Street, stocks rally worldwide

NEW YORK (AP) — In Wall Street's tug of war between hope and pessimism about the coronavirus pandemic, hope is fighting back. U.S. stocks joined a worldwide rally Friday and closed out their first back-to-back weekly gain since the market began s...

 

Dow jumps over 500 points amid hopes of Fed rate cut

The Dow Jones Industrial Average jumped more than 500 points Tuesday as investors welcomed signs that the Federal Reserve may cut interest rates to help buttress U.S. economic growth in the face of escalating trade wars. Optimism about a resolution...

 

Stocks slump after US expands trade war to Mexico

NEW YORK (AP) — U.S. stocks tumbled on Wall Street Friday after the U.S. announced plans to expand its trade war to Mexico. The slump all but guarantees that May will be the first monthly loss for the market in 2019. The new front in the trade war i...

 

Run, bull, run. Longest bull market looks to keep going

Wall Street has rewarded its most patient investors handsomely over the past 10 years. Is there more to come? The S&P 500, the U.S. market's benchmark index, has gained about 309 percent since bottoming out at 676.53 points in March 2009 during the...

 

Stocks jump after Fed indicates patience on rate increases

Stocks powered higher Wednesday after the Federal Reserve signaled it could hold off on interest rate increases in the coming months, citing muted inflation. The Fed's announcement allays one of the biggest concerns for investors: That the economy, a...

 

Inflation, gas prices, tariffs squeeze consumers

The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and...

 

Newspapers endure more cuts, hope for brighter future online

U.S. newspapers are battered and broken, and this week's layoffs at the New York Daily News serve as the latest blow. But while local newsgathering has taken a hit, some observers think it's poised for a digital comeback. Media company Tronc Inc....

 

NY Daily News slashes newsroom staffing in half

NEW YORK (AP) — The New York tabloid Daily News cut half of its newsroom staff Monday including Jim Rich, the paper's editor in chief. The paper was sold to Tronc Inc. last year for $1, with the owner of the Chicago Tribune assuming liabilities a...

 

Defying the NRA, Dick's takes a harder line against guns

NEW YORK (AP) — Dick's Sporting Goods will immediately stop selling assault-style rifles and ban the sale of all guns to anyone under 21, the company said Wednesday, as its CEO took on the National Rifle Association by calling for tougher gun laws a...

 

Companies face mounting pressure to pick sides in gun debate

NEW YORK (AP) — As the gun debate heats up following the massacre at a Florida high school, companies are under growing pressure to pick a side: whether to stand by the National Rifle Association or walk away. Metlife, Delta and more than a dozen o...

 

Wynn Resorts shaken by misconduct claims against founder

NEW YORK (AP) — Wynn Resorts is denying multiple allegations of sexual harassment and assault by founder Steve Wynn detailed in a Wall Street Journal report that sent shares of the casino company tumbling more than 10 percent Friday. The paper report...

 

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