Articles written by stan choe
Sorted by date Results 26 - 50 of 93
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Bruised but unbowed, meme stock investors are back for more
NEW YORK (AP) — After feeling the thrill of victory early this year by singlehandedly causing GameStop's stock to soar — only to get crushed when it quickly crashed back to earth — armies of smaller-pocketed and novice investors are back for more. Th...
Overstimulated? Stocks soar 75% in historic 12-month run
NEW YORK (AP) — It was one year ago that the terrifying free fall for the stock market suddenly ended, ushering in one of its greatest runs. On March 23, 2020, the S&P 500 fell 2.9%. In all, the index dropped nearly 34% in about a month, wiping o...
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...
Stocks fall as trading starts for year of great expectations
U.S. stocks pulled back from their recent record highs Monday, as big swings return to Wall Street at the onset of a year where the dominant expectation is for a powerful economic rebound to sweep the world. The S&P 500, which ended 2020 at an...
U.S. stocks end mostly lower after an early rally evaporates
Stocks closed mostly lower on Wall Street Monday after an early rally faded, extending the market's recent pullback from record highs. The S&P 500 fell 0.4% after having been up 0.9% in the early going. The reversal handed the benchmark index its...
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 rally worldwide with hopes for a return to "normal"
NEW YORK (AP) — Brimming hopes that people will again return to office buildings, shopping centers and normal life sent markets rallying worldwide on Monday, following encouraging data about a potential coronavirus vaccine. The S&P 500 rose 41.06, o...
Wall Street rallies ahead of a potentially turbulent week
Stocks notched broad gains on Wall Street Monday as investors looked ahead to Election Day and the potential for a turbulent stretch for markets. The S&P 500 climbed 1.2%, recouping some of its losses from a sharp sell-off last week, as more...
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 have their worst day in a month as virus cases surge
U.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...
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...
Wall Street claws back some of its losses from September
Stocks notched solid gains Monday as Wall Street clawed back some of its sharp and sudden September losses. The S&P 500 rose 1.6%, it's third straight gain. The benchmark index was coming off its first four-week losing streak in more than a year and...
Tech's sudden sell-off continues; Nasdaq sinks 10% in 3 days
NEW YORK (AP) — Big technology stocks tumbled again on Tuesday, continuing the Icarus-like flight path for companies that just a week ago were the high-flyers carrying Wall Street to record heights. The S&P 500 fell 95.12, or 2.8%, to 3,331.84 and c...
US stocks join global rally amid COVID treatment hopes
NEW YORK (AP) — Stocks plowed higher on Wall Street Monday, as hopes for a COVID-19 treatment and vaccine had investors looking ahead to the possibility of a healthier economy that has shed the virus. The S&P 500 rallied 34.12, or 1%, to 3,431.28 a...
S&P 500 ticks up as record-busting, wishy-washy week closes
NEW YORK (AP) — More gains for tech stocks are helping prop up an otherwise wobbly Wall Street on Friday, as a record-breaking but wishy-washy week of trading comes to a close. The S&P 500 was up 0.3% in afternoon trading, even though most stocks i...
How can Wall Street be so healthy when Main Street isn't?
NEW YORK (AP) — The stock market is not the economy. Rarely has that adage been as clear as it is now. An amazing, months long rally has put the S&P 500 back to where it was before the coronavirus slammed the U.S, even though millions of workers a...
Gains for tech stocks nudge S&P 500 even closer to record
NEW YORK (AP) — Wall Street nudged a bit higher on Monday, and the S&P 500 teased even closer to its record high. The benchmark index rose 9.14 points, or 0.3%, to 3,381.99. Earlier in the day, it briefly crossed above its record closing level of 3,3...
How can Wall Street be so healthy when Main Street isn't?
NEW YORK (AP) — The stock market is not the economy. Rarely has that adage been as clear as it is now. An amazing, monthslong rally means the S&P 500 is roughly back to where it was before the coronavirus slammed the U.S, even though millions of w...
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 keeps rallying; S&P 500 back within 2% of record
NEW YORK (AP) — Wall Street's big rally keeps rolling, and the S&P 500 rose for a fourth straight day Wednesday to sit just 1.7% below its record. The S&P 500 climbed 21.26 points, or 0.6%, to 3,327.77, echoing gains for stocks across Europe and A...
Wall Street returns to rallying; gold jumps to record high
NEW YORK (AP) — Wall Street's rally got back on track Monday, while gold rushed to a record at the start of a week packed with potentially market-moving events. The S&P 500 rose 0.7% to more than recover all its losses from last week, as Apple and ot...
Stocks up as market faces down latest hurdle: dismal profits
NEW YORK (AP) — Here comes the latest hurdle for the pandemic-defying stock market to leap with ease, investors hope: the worst quarterly profit drop in more than a decade. Stocks climbed worldwide Monday, adding to their stellar gains of recent m...
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 rise on jobs data, S&P 500 ends week with solid gain
NEW YORK (AP) — Stocks closed broadly higher on Wall Street Thursday as investors welcomed a report showing the U.S. job market continues to climb out of the crater created by the coronavirus pandemic. The S&P 500 rose 0.5%, its fourth-straight g...
Stocks close out best quarter since 1998 with more gains
Wall Street capped its best quarter since 1998 Tuesday with more gains, a fitting end to a stunning three months for investors as the market screamed back toward its record heights after a torrid plunge. The S&P 500 climbed 1.5%, bringing its gain...
