The Dow Jones Industrial Average fell 0.6%, over 100 points, at Tuesday’s open, while the S&P 500 was down 0.3% and the Nasdaq was up 0.2%.
Stocks pointed to a pause following Monday’s rally: The market had its best day since early April, with the Dow and S&P both rising more than 3%. JPMorgan Chase CEO Jamie Dimon, in a letter to shareholders on Tuesday, said that the coronavirus crisis is a “ ” to create a more inclusive economy, one that “creates and sustains opportunity for dramatically more people.”during the first quarter, as people stocked up on groceries and other essentials during the pandemic.
Retail chain Kohl’s saw its stock bounce back, now up almost 3%, after the company reported net sales dropped byShares of Home Depot fell almost 2% after the home improvement retailer said its first quarter profits took a hit fromTuesday’s mixed open comes a day after the market had its biggest rally in six weeks, with the S&P and Dow both rising by more than 3% on Monday amid rising optimism over a coronavirus vaccine.
skleb1234 As the FED prints money to replace the loss of the funds from retirement contributions that have fueled the market for years. Just don't expect Wall Street to give them all back with any value left. It's a Ponzi scheme like Social Security.
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:
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.
These value stocks will 'catch up' to growth stocks once economy improves, Goldman saysNew for subscribers: These value stocks will 'catch up' to growth stocks once economy improves, Goldman says Check out CNBCPro for a free trial. Pro I just sold all my alibaba which I doubled along with KO and salesforce. Market has to bottom out after the job losses and China. Pro “These value stocks will 'catch up' to growth stocks once economy improves,” Goldman says. Interpretation: Goldman Sachs's third-quarter earnings fell 26%. Not exactly a record on which I would rely.
Source: CNBC - 🏆 12. / 72 Read more »
Dow soars more than 700 points, after favorable, early results for coronavirus vaccine candidateU.S. stocks climbed at the start of Monday after drugmaker Moderna announces positive, early results from its first human trial of its experimental Covid-19... LMFAO nothing is real right now no guidance massive unemployment more to come fake liquidity earnings terrible etc etc etc .. I digress Reality is Hopium is an addicts dream right now
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock market news today: Dow and S&P 500 updates - CNNOffice Depot stock surged today after announcing Friday it was closing some stores and laying off 13,000 employees, about one-third of its workforce Sad correlation? i thought they been closed up shop. still unfortunate to read. I usually only see 3 employees in my local store, so I'm assuming my store will be self service.
Source: cnnbrk - 🏆 393. / 55 Read more »
Dow spikes 912 points as vaccine progress spurs economic-reopening optimism | Markets InsiderUS stocks surged on Monday as Moderna announced that its coronavirus vaccine candidate had shown encouraging progress. In a small number of heal... Investment into finding a vaccine would yield the highest return on any investment for governments worldwide 'Irrational exuberance' Those who do not study history are doomed to repeat mistakes. Wednesday business headlines...Dow drop 700 points as vaccine progress may be over hyped
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dow futures retreat as stock-market investors await testimony from Powell, MnuchinU.S. stock-index futures indicated a lackluster start of trade on Tuesday, following the best day for the S&P 500 and the Dow since early April. Wall Street will be watching for congressional testimony from Federal Reserve boss Jerome Powell and Treasury Secretary Steven Mnuchin. mr_jettlife Markets will be up at the open! It’s all good as long as they keep those printers running.
Source: MarketWatch - 🏆 3. / 97 Read more »