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Dec. 22 (UPI) — The Dow Jones Industrial Average and the S&P 500 slid on Tuesday amid growing COVID-19 concerns despite Congress finally passing a long-awaited relief package. The Dow ended the day down 200.94 points, or 0.67%, and the S&P 500 dropped 0.21% as Tesla stock dropped 1.46% in its second day on the index, while the Nasdaq Composite gained 0.51% with Apple stock rising 2.85%.

Stock futures down a pretty good bit this morning. Haven't seen any significant news as to why (other than the usual lies). S&P -72 NASDAQ -151 DOW -507 Everything is corrupt. One of these days, we're going to see things implode because of it.

The Dow Jones Industrial Average briefly hit an intraday record high on Monday before diving into negative territory as investors grew increasingly concerned that tightening restrictions in New York City and elsewhere could weigh down the economy. The Dow hit an intraday record high of 30,325 after the first hour of trading but slumped through the rest of the day as positive news on the vaccine rollout was offset by news that further restrictions will crimp business in the weeks before Christmas. New York City Mayor Bill di Blasio said that the city could need to go into ‘full shutdown’...

So much for the market’s best day of the year. Oct. 28, on average the S&P 500’s best-performing day over the past 70 years, was instead one of 2020’s worst as COVID-19 concerns continued to flare up in the U.S. and Europe. Cities such as Chicago and Newark are renewing restrictions on businesses and public gatherings amid not just record-high new caseloads in America, but rising hospitalizations and deaths as well. In Germany, restaurants and theaters will be shut down for four weeks, and other European countries are stepping up their own measures to fend off a second wave.

At a time when the US just reported record numbers of new cases, some traders - and the general population - are starting to ask if the US economy faces a new round of lockdowns, especially under a Joe Biden administration (who frequently likes to remind his fans "listens to the scientists" which supposedly also includes such "experts" as Minneapolis Fed president who has been demanding a 6-week hard lockdown of the economy). As BofA summarizes, US cases have now eclipsed the July peak as with the 7-day average of new daily cases topping 68k for the first time....

Stocks decline sharply as coronavirus infections surge and stimulus negotiations remain at a stalemate. Stocks declined sharply Monday to kick off a week heavy with earnings from U.S. tech giants as coronavirus infections surged, stimulus negotiations remained at a stalemate and investors prepared for the presidential election just more than a week away. The Dow Jones Industrial Average dropped 721 points, or 2.55%, to 27,613, the S&P 500 tumbled 2.15% and the Nasdaq slumped 1.73%. Stocks closed mostly higher Friday but the S&P 500 fell 0.5% for the week, its first weekly loss in four, after negotiations between the White...

U.S. equity markets tumbled Thursday after Dr. Anthony Fauci dashed hopes that a COVID-19 vaccine was coming soon, contradicting documents from the Centers for Disease Control and Prevention. Fauci told CNN a vaccine was unlikely to be ready by the end of October. In a separate interview with NBC News' "Today," Fauci said a vaccine was likely by the end of the year. The Dow Jones Industrial Average fell over 700 points, or 2.6%, with Microsoft leading the decline.

Stocks rose Monday, with the S&P 500 and Nasdaq hitting fresh intraday highs and adding to last week’s record levels, as market participants reacted to positive developments over a coronavirus treatment, and signs that a vaccine might be authorized in the near-term. Travel, airline and other “reopening” stocks rallied, with shares of American Airlines (AAL), Norwegian Cruise Line Holdings (NCLH), Wynn Resorts (WYNN) and their peers each jumping. Apple (AAPL) shares advanced to their highest intraday level ever ahead of the stock’s four-for-one stock split. The U.S. Food and Drug Administration (FDA) on Sunday said it issued an emergency use...

U.S. stock-index futures added to gains on Thursday after a closely followed report on the health of the labor market showed that the U.S. added 4.76 million jobs in June and the unemployment fell to 11.1% from 13.3% in May, suggesting that the employment picture is improving after a stunning collapse due to the COVID-19 pandemic. Economists polled by MarketWatch had predicted 3.7 million jobs were created or restored in June, with some estimates ranging as high as 8 million.

Stocks extended gains Monday morning after two pharmaceutical companies received “fast track” designation for the development of their vaccine candidates against Covid-19, stoking hopes of near-term inoculation amid the pandemic. Pfizer (PFE) and BioNTech SE (BNTX) announced that two of the companies’ four investigational vaccine candidates received the designation from the US Food and Drug Administration, which is intended to speed up both the development and review of new drugs and vaccines. Shares of both companies rose in pre-market trading. Over the weekend, some states again reported surging numbers of new coronavirus cases, as parts of the country struggled to...

U.S. equity markets rallied Monday as two COVID-19 vaccines were given “fast-track” status and earnings season kicked off with some better-than-expected results. Pfizer Inc. and BioNTech SE received fast-track designation for two of their experimental COVID-19 vaccines, helping offset news that the number of new daily COVID-19 infections in the U.S. remained above 60,000 all weekend.

Stock futures jumped Wednesday after drug developer Moderna said its coronavirus vaccine produced antibodies in all patients in an early trial, raising hopes for a faster economic recovery. Moderna's potential vaccine to prevent Covid-19 produced a "robust" immune response, or neutralizing antibodies, in all 45 patients in its early stage human trial, according to newly released data published Tuesday evening in the peer-reviewed New England Journal of Medicine. Shares of Moderna surged 15% in premarket trading. Stocks directly tied to an economic reopening jumped following the vaccine news. American Airlines, United Airlines, Royal Caribbean Cruise Lines all popped more than 7% each...

U.S. stocks finished sharply higher Monday, with the Nasdaq scoring a record close, as Wall Street followed surging Chinese equity benchmarks to their best levels in at least two years. Monday’s upbeat market action contrasted with a further spike in U.S. coronavirus cases and a resurgence of business restrictions by state and local authorities struggling to contain the viral outbreak. U.S. stocks ended up sharply Monday, led by shares of financial companies and record-setting technology shares as Wall Street followed Chinese equity markets higher. But Monday’s gains also came with growing doubts about the ability of the U.S. to contain...

Stocks rose sharply Monday morning, after new economic data showed a much stronger than expected rebound in US service sector activity in June. The upbeat data helped investors shake off fears over rising coronavirus cases, with infections continuing to march higher globally and domestically. The three major indices also followed global equities higher, with stocks in Europe and Asia gaining after an editorial in China’s state-run media outlet the Securities Times suggested the country prioritize fostering a “healthy” bull market after the pandemic. The Shanghai Composite index closed nearly 6% higher for its biggest gain in five years. Developments in...

Stocks cut earlier gains, and the S&P 500 and Dow turned negative, after new data showed further spikes in coronavirus cases in some densely populated U.S. states. Texas’s virus hospitalizations jumped 11% in 24 hours, according to the state, marking the largest one-day jump since the beginning of the month. The state has in recent days been battling a resurgence in new and serious cases of the coronavirus after beginning to ease lockdown orders. Other populous states including Florida have struggled with similar trends amid their reopenings, with both it and Arizona posting record daily highs for new cases of...

Stocks fell sharply on Wednesday as traders grew worried about the increasing number of newly confirmed coronavirus cases, which raised concern about the economic reopening and recovery. The Dow Jones Industrial Average dropped 727 points, or 2.8%. The S&P 500 traded 2.8% lower while the Nasdaq Composite slid 2.6%. The tech-heavy Nasdaq was headed for its first daily decline in nine sessions. The major averages hit their lows of the day after Florida said its confirmed cases jumped by 5,508 on Tuesday, a record, and now total 109,014. The state also said its positivity rate rose to 15.91% from 10.82%....

London (CNN Business)The stocks mega-rally hit a roadblock: A somber economic outlook from the US Federal Reserve and the 2 millionth coronavirus case in the United States has investors questioning whether they had boosted the stock market too far, too fast. p.US stocks plummeted in New York, with the Dow (INDU) falling some 1,700 points at its low point. The index was down 1,675 points, or 6.2% with one hour left in the trading day. The S&P 500 (SPX) plummeted 5.5%, and the Nasdaq Composite (COMP) fell 4.8%. The Nasdaq had soared to all-time highs on each of the past...

New coronavirus cases still rising in more than 20 U.S. states U.S. stocks swooned Thursday as coronavirus cases continued to rise and investors digested Wednesday’s downbeat economic outlook from the Federal Reserve. The market moves came even as the number of Americans filing for jobless benefits for the first time continued to decline in the most recent week.

“The market has been a ray of sunshine — basically investors being convinced that we’ll get out of this, and the economy will recover along with earnings... The economy may very well be catching up with the stock market rather than the stock market going off on its own.“ That’s Edward Yardeni, president of Yardeni Research, explaining to CNBC why he believes the historic May jobs report will ultimately be a game-changer for Wall Street. In other words, he believes such a massive rebound in the employment number flies in the face of the popular notion that the rally is...

Nothing’s Gonna Stop Us Now. Another day, another rally for the stock market, this time buoyed by some actual good news. The stock market’s rally in recent weeks has felt awfully disconnected from the grim reality on the ground. And that only felt more true as protests erupted around the country following the killing of George Floyd by a Minneapolis policeman. Investors, however, are motivated by fear and greed, and right now both are helping—fear of missing out and greed as the market goes higher. That’s especially true after the bleakness was interrupted by some better economic news—the ADP payrolls...