Stock market news
These are the latest stock market news for May 12, 2020. Dow fell more than 450 points. The Russell 2000 index underperformed falling more than 3%, with selling pressure on small-cap stocks.
“U.S. Stocks Extend Fall as Dow Drops More Than 400 Points
Dow and S&P 500 opened with gains but wobbled as the day progressed.
U.S. stocks tumbled Tuesday, giving up modest gains in a selloff that picked up momentum in the afternoon.
Major indexes had started the trading session higher. But as the day progressed, they turned lower, with traders saying the selling didn’t appear to be driven by any single, clear catalyst.”
How the US stock market closed on May 12, 2020
S&P 500: 2,870.12,-60.20(-2.05%)
Dow 30: 23,764.78,-457.21(-1.89%)
Russell 2000: 1,275.54,-45.70(-3.46%)
“(Bloomberg) — Jerome Powell and his Federal Reserve colleagues are staring down the possibility of mass bankruptcies and long-lasting unemployment unless there’s a more concerted government effort to shield the U.S. economy from the impact of the coronavirus pandemic.”
A dire outlook by the Fed may move the stock market and could be the reason for the selloff yesterday at the close.
Grubhub Inc. (GRUB) stock was a trending stock with a stock price of 60.39+13.60 (+29.07%). VectoIQ Acquisition Corp. (VTIQ) stock also gained more than 30%, its stock price closed at 27.10+6.72 (+32.97%).
Novavax Inc. (NVAX:Nasdaq): 39.82, +15.32 +62.53%
Rand Capital Corp. (RAND:Nasdaq): 1.96, +0.59 +43.07%
Super League Gaming Inc. (SLGG:Nasdaq): 4.55,+ 1.33 +41.30%
Genfit S.A. ADR (GNFT :Nasdaq): 7.10,-14.90 -67.73%
Advanced Emissions Solutions Inc. (ADES:Nasdaq): 5.19,-2.56 -33.03%
California Resources Corp. (CRC: NYSE): 1.64,-0.79 -32.51%
Most active stocks
General Electric Co.(GE: NYSE): 6.00,-0.19 -3.07%
Uber Technologies Inc. (UBER: NYSE): 32.40, +0.76 +2.40%
Novavax Inc. (NVAX : Nasdaq): 39.82,+15.32 +62.53%
Stock market source: https://www.wsj.com/market-data/stocks
Stock Market, U.S. Sectors & Industries Performance
All sectors closed lower. Consumer Staples were the best performing sector -0.87%, Real Estate was the worst-performing sector -4.25%.