Text size People wait in line in front of a New York City bank in late May. fake pictures Weaker-than-expected economic data, an increase in coronavirus cases and an unfavorable result for banks in Thursday’s Federal Reserve stress tests left the market lower on Friday. The Dow Jones Industrial Average …
Read More »Dow falls 300 points early Friday morning when the Fed limits bank investor payments and coronavirus cases record a surge
Benchmarks for US equities fell sharply lower on Friday morning, with major indices poised to end the week’s losses as investors analyzed a record surge in new coronavirus cases and the implications of Federal Reserve Bank stress test results announced Thursday night. How are the benchmarks working? The Dow Jones …
Read More »Stock market gains despite coronavirus spread, disappointing unemployment claims
Text size Illustration by Mike Haddad. Investors analyzed concerns about the virus midday Thursday, taking advantage of some early gains even amid mixed data. The Dow Jones Industrial Average and S&P 500 rose 0.2% in recent trade, while the Nasdaq Composite rose 0.4%. The latest unemployment figures show that while …
Read More »Asian markets win after US bank stress test results
BEIJING (Reuters) – Asian equity markets followed Wall Street higher on Friday after US regulators removed some limits on banks’ ability to make investments. The Nikkei 225 NIK, + 1.13% in Tokyo it increased by 0.9%, while Kospi 180721 in Seoul, + 1.05% gained 1%. Hang Seng HSI from Hong …
Read More »Dow Jones industrial average jumps as regulators make it easier for banks. Then they made it more difficult.
Text size What were we worried about again? The stock market is certainly not falling, because it doesn’t seem to do so terribly often these days. After falling 710 points on Wednesday, the Dow Jones Industrial Average rose 299.66 points, or 1.2%. while the S&P 500 gained 1.1% and the …
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