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29 May: Stock market news for May 28, 2020

Stock market news May 28, 2020 “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.” Stock market source: https://www.cnbc.com/2020/05/28/stock-market-today-live.html Stock market closing numbers on May 28, 2020 S&P 500: 3,029.73,-6.40(-0.21%)Dow 30: 25,400.64,-147.63(-0.58%)Nasdaq: 9,368.99,-43.37(-0.46%)Russell 2000: 1,402.02,-34.34(-2.39%) Stock movers Norwegian Cruise Line Holdings Ltd. (NCLH) stock fell more than 9%, with a stock price at the close of 16.00-1.59 (-9.04%). Stocks that were top gainers, top losers and most active: Stock gainers ARCA biopharma Inc. (ABIO):19.21, + 15.26…

28 May: Stock market news for May 27, 2020

Stock market news May 27, 2020 “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%.” Source: https://www.wsj.com/articles/global-markets-0527-11590553761 Stock market closing numbers on May 27, 2020 S&P 500: 3,036.13,+44.36(+1.48%)Dow 30: 25,548.27,+553.16(+2.21%)Nasdaq: 9,412.36,+72.14(+0.77%)Russell 2000: 1,438.12,+45.05(+3.23%) Stock…