Articles written by Stan Choe & Damian J Troise
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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...
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...
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...
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...
Stocks vault higher, as Nasdaq hits record on economy hopes
NEW YORK (AP) — Wall Street's enthusiasm about the reopening economy sent stocks scrambling even higher on Monday, and the Nasdaq composite wiped away the last of its coronavirus-induced losses to set a record. The S&P 500, which dictates how more 40...
Stocks fall as Wall Street heads for first loss in 5 days
Stocks are falling in Thursday afternoon trading on Wall Street as the market heads for its first loss in five days. The S&P 500 was down 1%, as of 3:15 p.m. Eastern time, with losses accelerating late in the afternoon, after earlier being on track...
Late slump on Wall Street leaves stock market broadly lower
An afternoon slump on Wall Street gained momentum in the last hour of trading, leaving stocks broadly lower and erasing some of the market's gains from last week. The S&P 500 lost 2.1% Tuesday. The weakness came as investors debate whether the...
Stocks end higher as traders hope restrictions will ease
Technology companies led stocks higher on Wall Street Tuesday as investors focused on how and when authorities may begin to ease business shutdowns and limits on people's movements imposed to slow the spread of the coronavirus. Big companies also...
Dow surges 10% as Congress moves closer to passing virus aid
NEW YORK (AP) — The Dow Jones Industrial Average surged 10% Tuesday as Congress and the White House neared a deal to inject nearly $2 trillion of aid into the coronavirus-ravaged economy. The huge gains on Wall Street followed a worldwide rally as a...
US stocks set records as fear recedes from market; gold dips
NEW YORK (AP) — Stocks around the world climbed on Thursday, and U.S. indexes hit records as markets continued a rally sparked after the United States and Iran appeared to step away from the edge of war. Money flowed into riskier investments, such a...
Stocks slip as uncertainty reigns in US-China trade talks
NEW YORK (AP) — U.S. stocks mostly fell on Monday as uncertainty continues to hang over U.S.-China trade talks, or at least over investors' perception of them. The stock market has been rallying for five weeks in part on optimism that the United Stat...
