Stocks Drop on Energy Selloff Amid Virus Jitters: Markets Wrap
(Bloomberg) — U.S. stocks fell amid a selloff in giant oil producers and concern that a resurgence of coronavirus cases would curb an economic recovery. The dollar rose. Energy shares led declines in the S&P 500 as Exxon Mobil Corp. and Chevron…
Tech Leads Stock Rebound From Lows Amid Earnings: Markets Wrap
(Bloomberg) — A rally in big technology companies lifted stocks from Thursday’s lows, tempering concern over a bumpy economic rebound. Apple Inc., Amazon.com Inc., Alphabet Inc. and Facebook Inc. jumped in extended trading as results crushed Wall…
Tech Lifts U.S. Stock Futures; Dollar Extends Drop: Markets Wrap
(Bloomberg) — U.S. equity futures climbed after stellar earnings from technology giants, while the dollar extended this month’s slide amid renewed concern about the strength of the American recovery. Asian shares retreated. S&P 500 and Nasdaq…
Stocks Slump on Economy Before Big Tech Earnings: Markets Wrap
(Bloomberg) — U.S. stocks slumped and Treasuries climbed after economic data added to concern over a slow and uneven recovery amid a resurgence of coronavirus cases around the globe. A third day of falling bond yields sent financial shares to their…
Stocks Rise While Tech Rally Falters; Oil Gains: Markets Wrap
(Bloomberg) — U.S. stocks rose for a third day, though the surge in megacap tech shares wobbled, as Congress negotiated a fresh relief package and European leaders agreed on a landmark recovery plan. Oil jumped. The S&P 500 added to its highest…
Stocks Hit Highest Since February on Tech Rally: Markets Wrap
(Bloomberg) — U.S. stocks advanced to the highest since February, with the stay-at-home trade thriving even as investors received encouraging news on a potential virus vaccine. The dollar weakened to an almost six-week low. The S&P 500 turned…
Tech Shares Gain; Crude Oil Drops to One-Week Low: Markets Wrap
(Bloomberg) — Technology shares led U.S. stocks higher as investors awaited a flood of earnings reports later in the week. The euro touched a four-month high as leaders made progress toward a stimulus package. The Nasdaq Composite rallied more than…
Tech Leads U.S. Stocks Lower; Bond Yields Decline: Markets Wrap
(Bloomberg) — Technology shares led U.S. stocks lower with investors continuing to rotate out of this year’s top performers. Treasuries gained with American initial jobless claims posting their smallest weekly decline since March. The tech-heavy…
Stocks Snap Two-Day Rally; Bond Yields Decline: Markets Wrap
(Bloomberg) — Technology shares led U.S. stocks lower for the first time in three days with investors continuing to rotate out of this year’s top performers. Treasuries gained with American initial jobless claims posting their smallest weekly…
Stocks Snap Two-Day Rally Amid Rotation From Tech: Markets Wrap
(Bloomberg) — Technology shares pushed U.S. stocks lower for the first time in three days after investors rotated out of this year’s top performers. Treasuries gained with American initial jobless claims posting their smallest weekly decline since…