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All eyes are on Congress closing in on a much-needed stimulus bill to rescue the economy from the coronavirus damage. The stock market staged a huge turnaround with the Dow posting its best day since 1933. Here’s what happened: 4:40 pm: Investors says one key piece is missing for a bottom Many on Wall Street believe absent a clear sign that the coronavirus is contained, rallies like the 10% violent upswing in the Dow Tuesday will come and go. “We’re going to need to have to see the infections pass an inflection point,” said Vincent Reinhart, chief economist at BNY...

Stocks continued their rout on Tuesday as diving bond yields raised more concern that the global economy is slowing significantly because of the spreading coronavirus. The 10-year Treasury yield hit a record low as the Dow Jones Industrial Average added to Monday’s 1,000-point drop. The Dow traded as much as 550 points lower, or 1.9%, hitting session lows as health officials gave new warnings about the possibility of a greater coronavirus spread in the U.S. The S&P 500 slid 1.3% while the Nasdaq Composite fell 1.1%. The Dow gained at the open Tuesday before the selling returned. At one point...

The Dow Jones Industrial Average briefly surpassed 29,000 on Friday for the first time, setting a new record. The index hit the record earlier in the session following a moderate December jobs report, which found 145,000 new jobs created in 2019 and the unemployment rate staying unchanged at 3.5 percent, the lowest level in nearly 50 years. The Dow then retreated and was down slightly as of late morning. President Trump has frequently touted strong stocks as a sign of a booming economy, which he has made a central theme in his case for reelection. He has also cited the...

Stocks fell sharply on Monday, giving back the gains from a strong turnaround in the previous session, after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the worldÂ’s largest economies intensifies. The Dow Jones Industrial Average traded down 490 points, while a 2.8% drop in the tech sector pushed the S&P 500 down by 1.9%. The Nasdaq Composite dropped 2.6%. China will hike tariffs on $60 billion worth of U.S. imports, starting on June 1. The goods targeted include a broad range of agricultural products. This comes after President Donald Trump raised tariffs...

Wall Street was setting up for a tough start to the week on Monday, with Dow Jones Industrial Average futures down over 300 points as investors waited for countermeasures from China after trade talks with the U.S. appeared to end in a stalemate. How did the benchmark indexes fare? Dow futures YMM9, -1.28% fell 311 points, or 1.2%, to 25,653, while S&P 500 futures ES, +1.86% dropped 36.40 points, or 1.2%, to 2,850.50. Nasdaq-100 futures NQM9, -1.76% slid 127.75 points, or 1.7%, to 7,482.50. On Friday, the Dow Jones Industrial Average DJIA, +0.44% rose 114.01 points, or 0.4%, to end...

The Nasdaq on Friday closed at a record, and the S&P 500 narrowly missed its own, as investors bought stocks following an April employment report that came in hotter than expected, underscoring consistent labor-market strength. The Nasdaq Composite Index COMP advanced 127.22 points, or 1.6%, at 8,164, buoyed by gains in e-commerce giant Amazon.com Inc., which helped the technology-laden index to carve out a fresh all-time high and recover from a three-session stumble. The S&P 500 index climbed 28.12 points, or 1%, at 2,945.64, barely missing its own closing record at 2,845.83. All 11 S&P 500 sectors finished in positive...

* The DOW daily closing stock market average has risen 17% since the election on November 8th. (On November 9th the DOW closed at 18,332 – yesterday DOW closed at 21,528 for another all time record closing high). * Since the Inauguration on January 20th the DOW is up 9%. (It was at 19,827 at January 20th.) * The DOW took just 66 days to climb from 19,000 to above 21,000, the fastest 2,000 point run ever. The DOW closed above 19,000 for the first time on November 22nd and closed above 21,000 on March 1st. * The DOW closed...

Do I hear 20,000? 21,000? That's the subject Wall Street investors are starting to consider after post-election ebullience has stretched equity markets deeper into the record books since Nov. 8. Assuming that the indexes continue to lurch forward into the next week or two, that puts the gauge on pace to log the fastest 1,000-point rally since the Dow moved from 10,000 to 11,000 in from March 29, 1999, to May 3, 1999 — a 24-day trading day span, according to Dow Jones data. The broad-based rally has been supported by the expectation that Trump will unleash a raft of...