Wall Street Settles Lower Despite Fed Maintaining Interest Rates Near Zero
Last week started with a bang on Wall Street, as stocks looked to recover their previous week’s losses. However, the euphoria didn’t last long. Stocks pared back gains as the week progressed, with continued investor concerns around the slow pace
Wall Street Ends Lower Again Amid Continued Tech Sell-Off
US stocks started the holiday-shortened week on a sharply lower note, with the massive sell-off in tech stocks continuing. On Tuesday, the Nasdaq Composite index entered correction territory at the fastest speed in its history, plunging 10% over the previous
Plummeting Tech Stocks Drive Sell-Off on Wall Street
Technology stocks started the week on a strong note as Apple’s 4-for-1 stock split came into effect Monday. Gains in Tesla’s shares, which surged around 13% on Monday following the 5-for-1 stock split, also helped the Nasdaq hit another record
Dow Turns Positive for the Year Ahead of Major Restructuring
Wall Street stocks began the week heading north, with the S&P 500 and the Nasdaq Composite hitting new record highs, as investors cheered prospects of a new covid-19 treatment. The 30-stock Dow Jones index wiped off losses and turned positive
Strong Retail Earnings, Economic Data Provide Some Momentum to Wall Street
US stocks started the week on a positive note with Amazon and Tesla leading the rally, pushing the Nasdaq to another record high. Meanwhile, the S&P 500 also hit a record high, wiping out losses from the covid-19 sell-off. Sentiment
Slowdown in Infections Supports US Markets, Although Covid-19 Rescue Package Still Awaited
US stocks remained volatile last week, with investors growing increasingly concerned about the deadlock between the Congress and the White House over the new covid-19 rescue package. Although President Donald Trump signed orders last week to extend provide some relief,