“Stocks fell on Thursday as shares of the major tech companies struggled once again and traders digested a mixed batch of corporate earnings and economic data.
The Dow Jones Industrial Average dropped 135.39 points, or 0.5%, to 26,734.71 and snapped a four-day winning streak. The S&P 500 slid 0.3% to 3,215.57 and the Nasdaq Composite pulled back 0.7% to close at 10,473.83.
Shares of Microsoft and Apple fell more than 1% each. Amazon dipped 0.3%. Netflix — which was set to report earnings after the bell — erased earlier losses and gained 0.8%. The streaming giant’s stock dropped more than 11% after hours on the back of its results.
Big Tech has been the best-performing group in the stock market this year as investors bet their business models could withstand the coronavirus economic slowdown. However, they have struggled this week. Netflix is down more than 3% week to date; Facebook, Amazon, Alphabet and Microsoft are also down over that time period.”
“The Dow fell 361 points, or 1.38%, its second negative session in three. The Dow is down 0.47% week to date, on pace for its second negative week in three The S&P 500 fell 0.56%, its second negative session in three The S&P 500 is up 0.71% week to date, on pace for its second positive week in a row, third positive week in four Nine of 11 S&P Sectors were negative in Thursday’s session, led to the downside by energy, down 4.86%. Consumer discretionary was the best performer, up 0.77% The Nasdaq Composite gained 0.53%, its seventh positive session in eight and another record close The Nasdaq is up 3.33% week to date, on pace for its second positive week in a row, third positive week in four The Russell 2000 fell 2.00%, its second negative session in three”
“U.S. equities rose on Tuesday, helped by a bevy of bullish news, including a historic jump in retail sales and positive data from a study in a coronavirus treatment. Stocks were also helped by reports that the Trump administration is preparing a $1 trillion infrastructure bill.”
A rally for the US stock market, stocks rose on good news about the jobs report. The latest stock market news for June 5, 2020:
“Dow Jones Industrial Average rallies 829 points The Dow rallied 829.16 points, or 3.15%, to close at 27,110.68. The S&P 500 jumped 2.62% to 3,193.93. The Nasdaq Composite surged 2.06% to hit a record high and close at 9,814.08. A record surge in U.S. jobs sent stocks flying as traders cheered the prospects of the economy reopening.
A record 2.5 million jobs added U.S. employers added a shocking 2.5 million jobs last month — the largest gain on record — while the unemployment rate slid to 13.3%, the Labor Department said Friday. Economists polled by Dow Jones expected a drop of more than 8 million jobs and the unemployment rate to nearly reach 20%, which would have been the highest since the 1930s. “
“The S&P 500 rose Friday and notched a big weekly gain as states around the country eased coronavirus restrictions, boosting hopes about an economic recovery.
Major indexes declined early in the day before reversing course or paring losses. The S&P 500 added 6.94 points, or 0.2%, to 2955.45. The Nasdaq Composite gained 39.71 points, or 0.4%, to 9324.59. The Dow Jones Industrial Average edged down 8.96 points, or less than 0.1% to 24465.”
“Dow soars on vaccine and bailout optimism: May 18, 2020. Dow and S&P 500 log best day in six weeks. US stocks rallied into the close on Monday, boosted by hopes for a potential Covid-19 vaccine, as well as further stimulus for the US economy.
The Dow and the S&P 500 recorded their best performances in six weeks.
The Dow finished 912 points, or 3.9%, higher, its best point and percentage gain since April 6. The index was up 1,023 points at its peak today. The S&P 500 climbed 3.2%, its best day since April 8. The Nasdaq Composite 2.4%, logging its best day since April 29. Federal Reserve Chairman Jerome Powell said in an interview Sunday that America’s economy might need more help from the Fed and the government to get through the coronavirus crisis. Meanwhile, drug maker Moderna (MRNA) reported promising early results from a coronavirus vaccine trial on Monday morning. Moderna shares closed up nearly 20%.”
Moderna, Inc. (MRNA) stock was among stock movers with a stock price at close of 80.00+13.31 (+19.96%). The following stocks were stock movers, stock gainers, stock losers, and most active stocks for May 18, 2020.
Oasis Midstream Partners LP (OMP): 7.80,+3.45 +79.31% Aurora Cannabis Inc. (ACB): 17.10,+ 5.90 +52.68% Annovis Bio Inc. (ANVS): 4.82,+1.25 +35.0%
Midatech Pharma PLC ADR (MTP):1.62,-0.93 -36.47% Forescout Technologies Inc. (FSCT): 22.57,-6.95 -23.54% Venus Concept Inc. (VERO): 2.52,-0.45 -15.15%
Most active stocks
Sorrento Therapeutics Inc. (SRNE): 6.50,-0.26 -3.85% General Electric Co. (GE): 6.27,+ 0.78 +14.21% Ford Motor Co. (F): 5.31, +0.41 +8.37%
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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