stock market news

27 Aug: Stock market news for August 26, 2020

Stock market news

Latest stock market news, investing news for August 26, 2020.

“The S&P 500 and Nasdaq Composite rose to fresh record highs on Wednesday, building on their massive rallies off the March lows, as tech shares led the way higher.

The broader market index advanced 1% to 3,478.73 while the Nasdaq popped 1.7% to end the day at 11,665.06. The Dow Jones Industrial Average gained 83.48 points, or 0.3% to end at 28,331.92.

“When you’re coming off a major low, the first phase of the bull market is really strong, and you tend to get very extended,” said Keith Lerner, chief market strategist at Truist/SunTrust Advisory. Lerner noted, however, that this “tends to be a period where historically you would start to consolidate some of the gains.”

Shares of Salesforce surged 26% — their biggest one-day gain ever — after the software company posted blowout earnings after the bell on Tuesday. Salesforce will be added to the Dow at the end of August, S&P Dow Jones Indices said Monday. The changes are driven by Apple’s coming stock split, which will reduce the technology weighting in the price-weighted average.

Facebook and Netflix jumped 8.2% and 11.6%, respectively. Amazon advanced nearly 3% while Alphabet and Microsoft gained 2.4% and 2.2%, respectively. Apple rose 1.4%.”

Stock market data: CNBC

Stock market close on August 26, 2020

S&P 500: 3,478.73,+35.11(+1.02%)
Dow 30: 28,331.92,+83.48(+0.30%)
Nasdaq: 11,665.06,+198.59(+1.73%)
Russell 2000: 1,561.86,-9.34(-0.59%)

Stock market data: Yahoo Finance

25 Aug: Stock Market Dow Jones changes on August 31, 2020

Dow Jones Industrial Average News

“The Dow Jones Industrial Average announced a major shakeup on Monday after the market closed — it booted Pfizer, Raytheon Technologies and ExxonMobil, the oldest member of the index, having joined in 1928.

What happened: Salesforce, Amgen and Honeywell will replace those companies to “help diversify the index … and adding new types of businesses that better reflect the American economy,” S&P Dow Jones Indices said in a note announcing the changes.

The new companies join the Dow on Aug. 31.
GE, the last original member of the Dow, was removed two years ago
Driving the news: The changes seem more reflective of a desire for better-performing stocks than more accurate representation of a changing U.S. economy — the Dow will actually have a lower percentage of tech after the additions.

Because the Dow is a stock-price-weighed index, Apple’s four-to-one stock split would have reduced the Dow’s weighting of tech stocks from 27.6% to 20.3%.
“By adding Salesforce, you can come back to 23.1% of the Dow being in technology,” Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, told CNBC.”

Stock market source: https://www.axios.com/dow-jones-changes-members-pfizer-exxon-raytheon-6ab831cd-a9bf-47f2-9788-10f8c59d1998.html

25 Aug: Stock market news for August 24, 2020

Stock market news

Latest stock market news. Dow Jones closed above the 28,000 level up more than 370 points. Tech stocks underperformed, Nasdaq gained more than 60 points. The indices set new records.

How the US stock market closed on August 24, 2020

S&P 500: 3,431.28,+34.12(+1.00%)
Dow 30: 28,308.46,+378.13(+1.35%)
Nasdaq: 11,379.72,+67.92(+0.60%)
Russell 2000: 1,566.00,+13.53(+0.87%)

Stock market data: Yahoo Finance

Stock market volatility

The CBOE Volatility Index (VIX) closed little changed at 22.37-0.17 (-0.75%).

Stock movers

Tortoise Acquisition Corp. (SHLL) stock was a mover closing at 40.00+10.09 (+33.73%).

Stock gainers

Cancer Genetics Inc. (CGIX): 6.25,+ 3.35 +115.52%
Sonnet BioTherapeutics Holdings Inc. (SONN): 3.90,+ 1.27 +48.29%
Tortoise Acquisition Corp. Cl A (SHLL): 40.00,+ 10.09 +33.73%

Stock losers

Odonate Therapeutics Inc. (ODT): 18.33, -15.21 -45.35%
FTS International Inc. (FTSI): 3.15, -1.81 -36.49%
Hexindai Inc. ADR (HX): 1.91, -0.67 -25.97%

Most active stocks

Cancer Genetics Inc. (CGIX): 6.25,+ 3.35 +115.52%
General Electric Co. (GE): 6.63,+ 0.32 +5.07%
American Airlines Group Inc. (AAL): 13.44,+ 1.28 +10.53%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

Energy was the best performing sector +2.75%, Health Care was the worst-performing sector -0.54%.

Stock Market, U.S. Sectors & Industries Performance for August 24, 2020
Stock Market, U.S. Sectors & Industries Performance for August 24, 2020

Source: Fidelity

Stock market update

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21 Aug: Stock market news for August 20, 2020

Stock market news

The US stock market closed with gains on August 20, 2020. Nasdaq outperformed and continued making a new high. Dow 30 underperformed. Latest stock market news for August 20, 2020.

S&P 500:3,385.54,+10.69(+0.32%)
Dow 30: 27,740.04,+47.16(+0.17%)
Nasdaq: 11,264.95,+118.49(+1.06%)
Russell 2000: 1,566.59,-5.47(-0.35%)

Stock market data: Yahoo Finance

Stock market volatility

The CBOE Volatility Index (VIX) was little changed and closed at 22.72+0.18 (+0.80%).

Stock movers

Gevo, Inc. (GEVO) stock gained more than 200%, with a stock price at the close of 1.8200+1.2730 (+232.72%).

Stock gainers

BBQ Holdings Inc. (BBQ): 4.70,+ 1.32 +39.05%
OpGen Inc. (OPGN): 2.67,+ 0.62 +30.24%
FinVolution Group ADR (FINV): 2.65,+ 0.59 +28.64%

Stock losers

Opera Ltd. ADR (OPRA): 7.86, -2.49 -24.06%
TD Holdings Inc. (GLG): 2.33, -0.64 -21.55%
Teligent Inc. (TLGT): 1.59, -0.42 -20.90%

Most active stocks

OpGen Inc. (OPGN): 2.67,+ 0.62 +30.24%
General Electric Co. (GE): 6.27, -0.11 -1.72%
Uber Technologies Inc. (UBER): 31.41,+ 1.99 +6.76%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

The Information technology Sector was the best performing sector +1.44%, the Energy Sector was the worst performing sector -2.13%.

Stock Market, U.S. Sectors & Industries Performance for August 20, 2020
Stock Market, U.S. Sectors & Industries Performance for August 20, 2020

Source: Fidelity

Stock market update

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20 Aug: Stock market news for August 19, 2020

Stock market news

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:

S&P 500: 3,374.85,-14.93(-0.44%)
Dow 30: 27,692.88,-85.19(-0.31%)
Nasdaq: 11,146.46,-64.38(-0.57%)
Russell 2000: 1,572.07,+2.30(+0.15%)

Stock market data: Yahoo Finance

Stock market volatility

The CBOE Volatility Index (VIX) closed higher at 22.54+1.03 (+4.79%).

Stock movers

BioMarin Pharmaceutical Inc. (BMRN) stock fell more than 30% with a stock price at the close of 76.71-41.83 (-35.28%).

Stock gainers

Momenta Pharmaceuticals Inc. (MNTA): 52.12,+ 21.31 +69.17%
Harmony Biosciences Holdings Inc. (HRMY): 37.01,+ 13.01 +54.21%
Hudson Ltd. Cl A (HUD): 7.46,+ 2.33 +45.42%

Stock losers

BioMarin Pharmaceutical Inc. (BMRN): 76.72, -41.83 -35.28%
Galapagos N.V. ADR (GLPG): 141.00, -47.08 -25.03%
Vipshop Holdings Ltd. ADR (VIPS): 19.26, -4.65 -19.45%

Most active stocks

Bank of America Corp. (BAC): 25.50, -0.03 -0.12%
Momenta Pharmaceuticals Inc. (MNTA): 52.12,+ 21.31 +69.17%
American Airlines Group Inc. (AAL): 12.68,+ 0.08 +0.63%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

All sectors closed lower. The Financials sector was the best performing sector -0.08%, the Real Estate sector was the worst performing sector -2.02%.

Stock Market, U.S. Sectors & Industries Performance for August 19, 2020
Stock Market, U.S. Sectors & Industries Performance for August 19, 2020

Source: Fidelity

Stock market update

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19 Aug: Stock market news for August 18, 2020

Stock market news

“The stock market just hit its first record since the pandemic started.

The S&P 500 (SPX) closed at an all-time high on Tuesday for the first time since the Covid-19 pandemic hit the United States.

The index, which is the broadest measure of Wall Street, had been hovering in record territory for days but repeatedly fell short of reaching the milestone. But Tuesday was finally the day. It close up 0.2%, the first record since February 19.
The record is a big deal, because it means it only took Wall Street five months to go from the most recent trough — after the pandemic selloff in March — to a new peak. This would make the Covid bear market the shortest in history, at just 1.1 months, said S&P Dow Jones Indices’ Howard Silverblatt. Stocks fell into a bear market during the spring selloff.”

Stock market source: https://edition.cnn.com/2020/08/18/investing/sp-500-stock-market-record/index.html

US stock market at the close on August 18, 2020

S&P 500: 3,389.78,+7.79(+0.23%)
Dow 30: 27,778.07,-66.84(-0.24%)
Nasdaq: 11,210.84,+81.12(+0.73%)
Russell 2000: 1,569.17,-16.30(-1.03%)

Stock market data: Yahoo Finance

Stock market volatility

The CBOE Volatility Index (VIX) closed higher at 21.51+0.16 (+0.75%).

Stock movers

Kohl’s Corporation (KSS) stock lost more than 14% closing at 20.01-3.44 (-14.67%).

Stock gainers

MICT Inc. (MICT): 5.10,+ 1.60 +45.71%
OneSmart International Education Group Ltd. ADR (ONE): 5.42,+ 1.27 +30.60%
RISE Education Cayman Ltd. ADR (REDU): 7.45,+ 1.65 +28.45%

Stock losers

Poseida Therapeutics Inc. (PSTX): 9.06, -3.94 -30.31%
Urban One Inc. Cl A (UONE): 7.33, -2.23 -23.33%
Unity Biotechnology Inc. (UBX): 3.26, -0.89 -21.45%

Most active stocks

Eastman Kodak Co. (KODK): 8.01,+ 0.37 +4.84%
NIO Inc. ADR (NIO): 14.30,+ 0.25 +1.78%
Antero Resources Corp. (AR): 3.62, -0.78 -17.73%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

The Consumer Discretionary sector was the best performing sector +1.46%, the Energy Sector was the worst performing sector -1.71%.

Stock Market, U.S. Sectors & Industries Performance for August 18, 2020

Stock Market, U.S. Sectors & Industries Performance for August 18, 2020

Source: Fidelity

Stock market update

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18 Aug: Stock market news for August 17, 2020

Stock market news

The latest stock market news for August 17, 2020. The US stock market closed higher, Nasdaq closed at a record high.

US stock market at the close on August 17, 2020

S&P 500: 3,381.99,+9.14(+0.27%)
Dow 30: 27,844.91,-86.11(-0.31%)
Nasdaq: 11,129.73,+110.42(+1.00%)
Russell 2000: 1,585.47,+7.59(+0.48%)

Stock market volatility

The CBOE Volatility Index (VIX) closed lower at 21.35-0.70 (-3.17%).

Stock movers

Overstock.com, Inc. (OSTK) stock closed higher at 118.13+24.77 (+26.53%).

Stock gainers

LMP Automotive Holdings Inc. (LMPX): 11.81,+ 4.41 +59.59%
RISE Education Cayman Ltd. ADR (REDU): 5.80,+ 1.83 +46.10%
LSB Industries Inc. (LXU): 3.03,+ 0.87 +40.28%

Stock losers

Unity Biotechnology Inc. (UBX): 4.15, -8.28 -66.61%
Interpace Biosciences Inc. (IDXG): 3.88, -1.90 -32.87%
ThermoGenesis Holdings Inc. (THMO): 3.66, -1.07 -22.62%

Most active stocks

NIO Inc. ADR (NIO):14.05,+ 0.95 +7.25%
Ford Motor Co. (F): 6.98, -0.06 -0.85%
Sorrento Therapeutics Inc. (SRNE): 12.10, -0.34 -2.73%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

The Consumer Discretionary was the best performing sector +1.21%, the Financials sector was the worst performing sector -1.54%.

Stock Market, U.S. Sectors & Industries Performance for August 17, 2020
Stock Market, U.S. Sectors & Industries Performance for August 17, 2020

ource: Fidelity

Stock market update

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17 Aug: Stock market news today August 17, 2020

Stock market news

At 12:49 PM, ET time today the US stock market is moderately up. Dow Jones is falling about 44 points.

S&P 500: 3,386.15,+13.30(+0.39%)
Dow 30: 27,886.64,-44.38(-0.16%)
Nasdaq: 11,116.78,+97.48(+0.88%)
Russell 2000: 1,585.00,+7.12(+0.45%)

Stocks today

Two stocks that are trending today are Tesla, Inc. (TSLA) stock at 1,784.83+134.12 (+8.12%) as of 12:52 PM EDT, and Rackspace Technology, Inc. (RXT) stock at 19.00+2.40 (+14.46%) as of 12:53 PM EDT.

“Tesla Hits Record After Wedbush Lifts Price-Target to $1,900
Tesla gains after Wedbush Securities analyst Daniel Ives raises his one-year price target yet again, this time on ongoing demand for its electric cars in China.”, Source: https://www.thestreet.com/investing/tesla-tsla-stock-wedbush-raises-price-target?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

“Rackspace Soars After Amazon Said To Be In Talks for Stake
(Bloomberg) — Amazon.com Inc. is in talks to acquire a minority stake in Rackspace Technology Inc., according to a person familiar with the matter, sending Rackspace’s shares surging.”

Source: https://finance.yahoo.com/news/rackspace-soars-amazon-said-talks-155241606.html

Stock market data: Yahoo Finance

15 Aug: Stock market news for August 14, 2020

Stock market news

The latest stock market news for August 14, 2020. The US stock market closed little changed, Dow gained 34 points.

US stock market at the close on August 14, 2020

S&P 500: 3,372.85,-0.58(-0.02%)
Dow 30: 27,931.02,+34.30(+0.12%)
Nasdaq: 11,019.30,-23.20(-0.21%)
Russell 2000: 1,577.88,-1.91(-0.12%)

Stock market volatility

The CBOE Volatility Index (VIX) closed lower at 22.05-0.08 (-0.36%).

Stock movers

CureVac N.V. (CVAC) stock was among trending stocks, with a stock price at the close of 55.90+39.90 (+249.38%).

Stock gainers

CureVac N.V. (CVAC): 55.90,+ 39.90 +249.38%
Sky Solar Holdings Ltd. ADR (SKYS): 4.77,+ 1.63 +51.91%
Mesoblast Ltd. ADR (MESO): 17.88,+ 6.07 +51.40%

Stock losers

Hexindai Inc. ADR (HX): 1.06, -1.42 -57.26%
Flux Power Holdings Inc. (FLUX): 4.20, -3.70 -46.84%
Biofrontera AG ADR (BFRA): 16.09, -6.79 -29.67%

Most active stocks

Southwestern Energy Co. (SWN): 3.11,+ 0.19 +6.51%
NIO Inc. ADR (NIO): 13.10, -0.26 -1.95%
Bank of America Corp. (BAC): 26.47, +0.12 +0.46%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

The Energy Sector was the best performing sector +0.94%, the Utilities Sector was the worst-performing sector -0.91%.

Stock Market, U.S. Sectors & Industries Performance for August 14, 2020

Stock Market, U.S. Sectors & Industries Performance for August 14, 2020

Source: Fidelity

Stock market update

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14 Aug: Stock market news for August 13, 2020

Stock market news

The latest stock market news for August 13, 2020. A lower close for the US stock market, only Nasdaq closed higher.

US stock market at the close on August 13, 2020

S&P 500:3,373.43,-6.92(-0.20%)
Dow 30: 27,896.72,-80.12(-0.29%)
Nasdaq: 11,042.50,+30.26(+0.27%)
Russell 2000:,1,579.79,-3.46(-0.22%)

Stock market volatility

The CBOE Volatility Index (^VIX) closed marginally lower at 22.13-0.15 (-0.67%).

Stock movers

NTN Buzztime, Inc. (NTN) was a trending stock with a stock price at the close of
4.2500+2.4000 (+129.73%).

Stock gainers

FAT Brands Inc. (FAT): 7.01,+ 3.48 +98.58%
GrowGeneration Corp. (GRWG): 12.50,+ 3.74 +42.69%
Conifer Holdings Inc. (CNFR): 3.40,+ 0.93 +37.65%

Stock losers

Newgioco Group Inc. (NWGI): 2.00, -0.67 -25.09%
Biofrontera AG ADR (BFRA): 22.90, -7.60 -24.92%
Varex Imaging Corp. (VREX): 12.83, -3.17 -19.81%

Most active stocks

India Globalization Capital Inc. (IGC): 2.54, -0.02 -0.78%
Cisco Systems Inc. (CSCO): 42.72, -5.38 -11.19%
Sorrento Therapeutics Inc. (SRNE): 13.01,+ 0.60 +4.83%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

The Communication Services was the best performing sector +0.38%, the Energy Sector was the worst performing sector -1.99%.

Stock Market, U.S. Sectors & Industries Performance for August 13, 2020
Stock Market, U.S. Sectors & Industries Performance for August 13, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

Investing

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