A lower close today for the US stock market. Major stock indexes erased some moderate gains after the release of the FOMC minutes. At the close on August 19, 2020 the numbers for the US stock market were:
“Dow plummets 1,862 points, its worst day since March, on cautionary Fed messages and 2nd-wave coronavirus fear.
US stocks tanked on Thursday as cautious commentary from the Federal Reserve and rising coronavirus infection rates prompted investor concern. All three major indexes posted their biggest single-day declines since March 16.
The Federal Reserve said on Wednesday that the pandemic could result in permanent economic damage and an extended period of high unemployment.”
“Dow Jones Industrial Average falls 17 points The Dow Jones Industrial Average fell 17.53 points, or 0.07%, to 25,383.11. The S&P 500 climbed 0.48% to 3,044.31. The Nasdaq Composite advanced 1.29% to 9,489.87. Stocks closed well off their session lows after President Donald Trump’s much-awaited news conference on China.”
“Rally evaporates in final hour, Dow down 150, social media stocks drop.Stocks started the day higher in what looked like would be another session of strength, but a sell-off late in the day sent the major averages into negative territory and they closed in the red. The move lower was sparked by President Donald Trump announcing that he will hold a press conference on China on Friday as geopolitical tensions rise, prompting some investors to fear that the U.S.-China trade deal may face hurdles.”
“Stocks Climb as Optimism Builds. The Dow Jones Industrial Average surged above 25000 on optimism that economic activity is gathering steam and authorities may offer more stimulus to bolster the recovery. Major indexes were again powered by economically sensitive shares in the financials and industrials sectors.
U.S. stocks surged Wednesday, climbing to levels not seen since early March, on optimism that economic activity is gathering steam and authorities may offer more stimulus to bolster the recovery.
The Dow Jones Industrial Average rose 553.16 points, or 2.2%, to 25548.27—marking the first time since early March that the blue-chip index has closed above the 25000 mark. The index was powered by gains in American Express, Goldman Sachs and JPMorgan Chase, all of which climbed more than 5%.”
“Dow closes up 500 points, tests 25,000 level, on recovery hopes and vaccine news.
U.S. stocks finished higher Tuesday, but off key levels following a long holiday weekend, as investors were emboldened by fresh coronavirus vaccine news and signs that global economies are crawling back from the pandemic shutdown.
How did benchmarks perform? The Dow Jones Industrial Average DJIA, +2.16% climbed 529.95 points, or 2.2%, to end at 24,995.11, after trading above 25,000 earlier in the session.
The S&P 500 index SPX, +1.22% rose 36.32 points, or 1.2%, to close at 2,991.77, shy of its 200-day moving average of 2,999.81, according to FactSet data. The 200-day moving average is viewed by market technicians as a dividing line between long-term bullish and bearish trends. Meanwhile, the Nasdaq Composite COMP, +0.16% gained 15.63 points, or 0.2%, finishing at 9,340.22.
The Dow finished the session 15.4% off its all-time closing high in February, the S&P 500 index off by 11.7% and the Nasdaq less than 5% from its record close.
What drove the market? Investors were focusing on positive signs in the global economy, news of the gradual removal of economic restrictions related to COVID-19 and signs that Americans are beginning to feel safe enough to travel and congregate in larger groups.
“It’s all about optimism for the economy reopening,” said Megan Horneman, portfolio strategist at Verdence Capital Advisors. “That’s the big driver for the market today.”
Latest stock market news for May 14, 2020. The US stock market started the trading session lower as the latest Initial Jobless Claims report came in at weaker than expected at 2981K compared to the forecast of 2500K. At the close, however, all major stock indices were higher.
Aurora Cannabis Inc. (ACB) stock was among the trending stocks, with a stock price of 6.64+0.84 (+14.48%). The following stocks were stock movers, stock gainers, stock losers, and most active stocks for May 14, 2020.
Applied DNA Sciences Inc. (APDN): 15.21,+6.32 +71.09%
Glory Star New Media Group Holdings Ltd. (GSMG): 3.5573, +1.1173 +45.79%
Allogene Therapeutics Inc. (ALLO): 42.12,+11.14 +35.96%
CytomX Therapeutics Inc. (CTMX): 9.23,-5.21 -36.08%
Comstock Resources Inc. (CRK): 4.44,-2.06 -31.69%
Caladrius Biosciences Inc. (CLBS): 1.70,-0.46 -21.30%
Latest stock market news for May 13, 2020. “Stocks Fall as Fed’s Powell Says Outlook ‘Highly Uncertain’ Shares of beaten-down energy, airline and bank stocks were among the biggest decliners.
The Dow Jones Industrial Average dropped more than 500 points Wednesday after Federal Reserve Chairman Jerome Powell said further stimulus could be needed to support the economy’s recovery from the coronavirus-induced contraction.
The blue-chip index and the S&P 500 opened modestly lower, and their declines accelerated as the session progressed. The Dow industrials dropped nearly 700 points at their lows. The declines were broad, with 29 of the 30 stocks in the index in the red, along with all sectors.”
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