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US stocks rallied Wednesday as the apparent success of an experimental coronavirus treatment boosted Wall Street’s hopes for an end to the crisis. The Dow Jones industrial average surged as much as 547.64 points, or 2.2 percent, to 24,649.19, after Gilead Sciences said it was aware of “promising data” from a government-backed study of remdesivir, …
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US stocks rose again Tuesday as Wall Street held onto hopes that the global economy may soon emerge from its coronavirus-induced coma. The Dow Jones industrial average climbed as much as 378.46 points, or 1.5 percent, to 24,512.20, putting the blue-chip index on pace for its fifth straight day of gains. The S&P 500 and …
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US stocks jumped Monday as investors cheered signs that parts of Europe and the US are starting to thaw their economies after freezing them to fight the coronavirus. The Dow Jones industrial average climbed as much as 156.07 points, or 0.6 percent, at the open as European countries and US states began to loosen lockdown …
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US stocks posted tentative gains early Friday as Wall Street tried to end a rocky week on a high note. The Dow Jones industrial average climbed as much as 202.63 points, or 0.8 percent, in early trading but pared the gain to just 12.02 points as of 10:14 a.m. The S&P 500 jumped as much …
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US stocks ticked up Thursday as rising oil prices helped Wall Street shrug off another surge in Americans filing for unemployment benefits. The Dow Jones industrial average climbed as much as 227.85 points, or 0.9 percent, in early trading despite the US Labor Department reporting 4.4 million initial jobless claims last week, bringing the number …
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US stocks and oil prices rebounded Wednesday as the US government and several states unleashed fresh initiatives to combat the coronavirus fallout, including nearly $500 billion in federal stimulus. The Dow Jones industrial average climbed as much as 475.73 points, or 2 percent, to 23,494.61 in early trading after shedding more than 1,200 points in …
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US stocks dropped again Tuesday as pressure from the coronavirus crisis pushed oil prices down even further. The Dow Jones industrial average sank as much as 606.64 points, or 2.5 percent, in early trading with crude oil prices at historic lows. The S&P 500 and the Nasdaq also posted early losses as large as 2.6 …
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US stocks sank Monday as plummeting oil prices mitigated Wall Street’s optimism about the coronavirus crisis. The Dow Jones industrial average tumbled as much as 507.39 points, or about 2.1 percent, at the open after posting gains for two consecutive weeks. The S&P 500 fell as much as 1.5 percent in early trading while the …
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The U.S. stock market has rebounded swiftly despite a raft of terrible economic news, driven by a massive boost from the Federal Reserve, hopes of a successful reopening of the economy and possible coronavirus treatments, as well as investors’ fear-of-missing-out. But not everyone is buying the bounce. The S&P 500 .SPX closed on Friday at …
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US stocks surged early Friday as Wall Street cheered a promising coronavirus treatment as well as President Trump’s push to reopen the US economy. The Dow Jones industrial average jumped as much as 612.52 points, or 2.6 percent, in early trading following a report that Gilead Sciences’ Ebola drug remdesivir is helping coronavirus patients recover …
US stocks rallied Wednesday as the apparent success of an experimental coronavirus treatment boosted Wall Street’s hopes for an end to the crisis. The Dow Jones industrial average surged as much as 547.64 points, or 2.2 percent, to 24,649.19, after Gilead Sciences said it was aware of “promising data” from a government-backed study of remdesivir, …
