Tag: Dow Jones Industrial Average
Markets dragged down by abysmal retail sales and factory output
U.S. major stock indexes fell in Wednesday trading as new data from the Commerce Department and Federal Reserve indicated a collapse in manufacturing output and retail sales. However, the declines did not completely erase yesterday’s gains in another sign that U.S. investors and corporations may be better positioned to withstand…
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The odd reality of today’s stock market
As the COVID-19 death toll in the United States continues to climb, American stocks are, in a grim divergence, recovering lost ground. It isn’t clear precisely why locally-listed equities have risen in recent weeks, let alone today, but let’s go over the day’s results so that we’re all on the…
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Stocks rally again as new COVID-19 cases show signs of slowing
All major indices rose Wednesday, led by the Dow Jones Industrial Average, which increased 3.44% to close above 23,000 for the first time since March 13. Investors seemed heartened by comments made by National Institute of Allergy and Infectious Diseases Director Anthony Fauci, who said Wednesday that the U.S. death…
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Stocks shoot upward as ‘Phase Three stimulus passes Senate and unemployment skyrockets
Stocks soared on Thursday even as the US reported its worst unemployment numbers in fifty years of tracking data. The pain felt on Main Street is offset for investors by the Federal government opening its wallet to Wall Street, businesses and (at some point) workers in the form of the…
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Stocks blast higher on expectation of sweeping federal action
There are no free market fanatics on corporate boards the moment the economy wobbles. Today makes the point, with stocks shooting higher on the back of news that a sweeping federal package of aid and stimulus should soon pass Congress. The goal of the financial package is to blunt the…
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Wall Street roars on news of potential stimulus deal, Trump hints at opening economy
Wall Street came roaring back Tuesday with all major indices rising on a potential deal between Senate Democrats and Republicans to approve a new stimulus package and suggestions from President Donald Trump that the economy would reopen sooner rather than later. In a Monday evening press conference from the White…
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