Text size Photograph by Michael Nagle / Bloomberg On Sunday night, the stock market is doing what it seems to do best these days: go sideways. Dow Jones Industrial Average futures are up 90 points, while S&P 500 futures are up 8 points, and Nasdaq compound futures are up 0.4%. …
Read More »Nasdaq closes record as merchants cheer on strong jobs report
US stocks rose on Thursday after June employment data exceeded expectations and further fueled hopes for a short-term economic rally. The Nasdaq Composite Index, heavy on technology, closed at a record high. The nation’s economy added 4.8 million nonfarm payrolls last month, the Bureau of Labor Statistics announced Thursday morning. …
Read More »The increases in employment reflect ‘optimism in the country’
CNBC’s Jim Cramer said Thursday that massive job gains in June indicate confidence in the United States economy despite the coronavirus pandemic. “There is an optimism in the country that I think is often not shared with people on the air, and that is just because we don’t see the …
Read More »Stock futures rise after Nasdaq hits record to start Q3
Although the Dow Jones Industrial Average lagged behind with a modest loss on Wednesday, all three major indices are on track for sizable weekly gains. The S&P 500, Dow and Nasdaq Composite are up 3.5%, 2.8% and 4%, respectively, since Friday’s close. US markets will be closed on Friday for …
Read More »China and Hong Kong jump more than 2% amid hopes for coronavirus vaccine
Shares in the Asia Pacific rose during Thursday’s trading session, following positive news overnight about the development of a possible coronavirus vaccine. The Hong Kong Hang Seng Index led gains among the region’s major markets, rising 2.25%, from its last hour of trading. Shares of Chinese internet giant Tencent soared …
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