stocks

DraftKings threw a Hail Mary of an IPO and scored a touchdown. The fantasy sports firm’s stock price surged on its first day of trading Friday even though the coronavirus pandemic has forced sports leagues to take an extended time out. DraftKings shares spiked as much as 18.3 percent a day after the company closed …

Trading was halted in Victoria’s Secret parent company on Wednesday after the stock dropped more than 20 percent on news that a deal to sell 55 percent of the lingerie peddler could collapse. The New York Stock Exchange at 11:13 am said it was halting trading in L Brands, which also owns Bed Bath & …

US stocks attempted to shrug off another surge in unemployment filings on Thursday only to slip back into negative territory by the afternoon. The Dow Jones industrial average climbed as much as 62.01 points, or 0.2 percent, at the open before dropping as much as 292.97 points, or 1.2 percent, in midday trading after being …

Paul Singer’s Elliott Management said global stocks could tumble further, ultimately losing half or more of their value from February’s high, as the world braces for the deepest recession since the 1930s-era Great Depression. The New York-based hedge fund firm, in a letter to clients on Wednesday seen by Reuters, wrote that the sharp market …

The New York Stock Exchange quietly used its trading floor to take a company public late last month — days after it had shuttered the famous pit because of a coronavirus outbreak, The Post has learned. The Big Board took a group of people onto the trading floor of its historic building at 11 Wall …

US stocks posted early gains Wednesday even as the nation’s coronavirus death toll continued to mount. The Dow Jones industrial average rose as much as 349.75 points, or 1.5 percent, as hopes about the pandemic peaking persisted on Wall Street. The S&P 500 and Nasdaq composite also climbed as much as 1.3 and 1.4 percent, …

US stocks jumped again Tuesday as Wall Street nursed hopes that the coronavirus crisis finally may be peaking. The Dow Jones industrial average surged as much as 937.25 points, or 4.1 percent, at the open amid signs that the pandemic is slowing — including reports that Tuesday was the first day that China, where the …

JPMorgan Chase top boss Jamie Dimon on Monday said he sees a “bad recession” in 2020, and that the largest US bank could suspend its dividend if the coronavirus crisis deepens. Dimon, widely regarded as the face of the US banking sector, is the most prominent voice on Wall Street so far to project that …

Stocks rallied Thursday as rising oil prices overcame Wall Street’s worries about the coronavirus gutting the US labor market. The Dow Jones industrial average climbed as much as 534.26 points, or 2.5 percent, on hopes of a detente in the oil-price war between Russia and Saudi Arabia. The blue-chip index reversed the early losses it …

US stocks struggled to continue their midweek rally Wednesday even after Congress and the White House agreed on a massive stimulus package to address the coronavirus pandemic. The Dow Jones industrial average climbed as much as 736.37 points, or 3.5 percent, in early trading after lawmakers reached an overnight deal for a $2 trillion spending …