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Protests are dividing the US, a bitter spat over Hong Kong is brewing, a pandemic continues to rage worldwide — and the stock market is surging. The Dow Jones industrial average soared 527.24 points on Wednesday, or more than 2 percent, to close at 26,269.89, as Wall Street continued to shrug off spectacular images of …
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The coronavirus turned out to be chicken soup for Campbell’s profits, but hungry investors were still scraping the bottom of the can. The canned-soup giant reported a 15 percent surge in quarterly net sales Wednesday thanks to consumers stockpiling shelf-stable foods amid the pandemic. But customers snapped up Campbell’s items so fast last quarter that …
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US stocks rebounded Monday as Wall Street cautiously bet on an economic recovery despite mounting unrest over police brutality and continued tensions with China. The Dow Jones industrial average rose as much as 93.12 points, or 0.3 percent, to 25,476.23, after shedding 0.5 percent at the open. The S&P 500 and the Nasdaq similarly clawed …
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US stocks took a deep sigh of relief Friday after President Trump’s tough talk toward China did not include the announcement of any new tariffs. The Dow Jones industrial average slid as much as 368.97 points, or 1.4 percent, to 25,031.67 ahead of Trump’s 2 p.m. news conference. That index closed down only 17.53 points, …
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Most people would assume that financial planners only manage money. But advisers often see themselves as having a responsibility to help people manage their emotions. Financial planners are particularly active in this role lately, and not just because clients express fear and uncertainty about their stock portfolios. Some advisers are losing clients to COVID-19. The …
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Wall Street ended lower on Thursday following a late-session reversal, with Facebook weighing on the market after President Trump said he would sign an executive order related to social media companies and said he would hold a news conference on China on Friday. Stocks had been higher for most of the session as investors continued …
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US stock indexes rose at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, but marts later gave up some of their gains as investors remained cautious about brewing US-China tensions. The Dow Jones industrial average rose 303.52 points, or 1.21 percent, at the open to 25,298.63. …
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US stocks surged Tuesday as investors latched onto signs that the economy is thawing out after being frozen by the coronavirus. The Dow Jones industrial average soared as much as 694.97 points, or 2.8 percent, to 25,160.13, trading above 25,000 for the first time since March 10. The S&P 500 also broke through its key …
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Cannabis company stocks are skyrocketing as investors are high on new hopes that marijuana might help ward off the deadly coronavirus. Shares in major pot firms climbed in late trading Thursday after The Post reported on a Canadian study showing that certain strains of cannabis may help prevent COVID-19 from entering host cells. Canadian pot …
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Best Buy said on Thursday it expects profit margins to be under pressure in the second quarter, as it spends more on expanding delivery services to support a surge in online shopping from people staying at home due to the COVID-19 pandemic. The company’s shares, which have gained nearly 60 percent in the last two …
Protests are dividing the US, a bitter spat over Hong Kong is brewing, a pandemic continues to rage worldwide — and the stock market is surging. The Dow Jones industrial average soared 527.24 points on Wednesday, or more than 2 percent, to close at 26,269.89, as Wall Street continued to shrug off spectacular images of …
