Tag: earnings
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 gain despite 6.6M new US unemployment claims
Domestic stocks rose today in the United States, with all major indices opening higher. TechCrunch has slowed its daily coverage of the US stock market as volatility has receded. We try to avoid covering the stock market too much, but there are days when doing so would be derelict. The…
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Tech shares close down on the day despite roaring start
American equities closed down today, with the major domestic indices all losing ground after a wild trading cycle. After starting the day up sharply higher after strong Monday gains, those gains were erased as the day closed. It was a day of confusing movement; the tech-heavy Nasdaq Composite, to pick…
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Stocks rise following yesterday’s sharp rally
After a sharp Monday rally seemingly built on optimism that the impact of the global pandemic may have reached its zenith in Europe — and indeed that the United States might see a lower infection and mortality peak than some anticipated — shares once again rose this morning. Here’s how…
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American stocks rally sharply on COVID-19 optimism as earnings loom
Stocks rallied Monday, with all major indices snapping back into positive territories as investors seized on any positive developments in the fight to mitigate the spread of COVID-19, the disease caused by the coronavirus. The stock market is, of course, not the economy. And this is likely a dead-cat bounce…
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