Stock market live Monday: Dow down 1%, Nasdaq green, Netflix surges

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

“I think the market’s a little bit ahead of the economic fundamentals at the present time,” billionaire investor Leon Cooperman said today.

rose on Monday as stay at home stocks joined energy names as the winners to start the week. The streaming video company rose about 6% while Amazon gained 4.7%. Netflix hit a new 52-week high during the session for the first time since March 3. The tech-heavy Nasdaq Composite was holding up the best of the major indexes on Monday, down about 0.5% around midday.Around midday, the major averages fell broadly as Wall Street took a breather following the market's massive rally last week.

crude rose 2% to trade at $23.24, after earlier trading as much as 8% higher. International benchmark Brent crude rose 1.6% to $31.98.SCWorx shares rocketed more than 225% on Monday after the company said a health-care network has agreed to purchase some 48 million COVID-19 rapid testing kits over the next several weeks. The tests, purchased by Rethink My Healthcare, analyze blood for the presence of COVID-19 antibodies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I thought JoeK was on FoxNews

The markets were being artificially inflated,. Think about it Trump called his oil buddies to make gas more expensive... 6milliion plus on unemployment... Dead cat bounce....

Honestly who is buying here? Futures up? 80% of the country is closed and I would say 50% unemployed and buying essentials only. Ridiculous

That's an understatement. I have pitty for the poor 'investor's' who think this market is going to be stable. Not all ships sink at the same rate.

its not a market...its a ponzi get that right

he should buy.... cooper.

Shhhh don’t tell them!

Exactly

Uhh ya think? Market is trading at 2022 levels at the earliest

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow slips 300 points as investors brace for first earnings season under coronavirus | Markets InsiderUS stocks slid on Monday after the S&P 500 completed its best weekly gain since 1974. Investors worry about the earnings reports set to detail the extent of the coronavirus' hit to corporate profits. A safe vaccine is thought to be 12 to 18 months away, while who emergencies director...COVID2019 coronavirus Hydroxycloroquine Points are pointless. What's the %?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market bulls hope that the S&P 500 will rally further even as corporate earnings craterAs the coronavirus epidemic gathers steam in many parts of the U.S., equity investors appear confident its damage to the economy will be contained, but analysts warn that as large corporations provide more information about COVID-19’s impact on earnings recent gains could be in danger. Saving this for the next time some MAGA brags about the stock market like it means something
Source: MarketWatch - 🏆 3. / 97 Read more »