Text size It is good to be the Dow. The stock market continues to rise on Wednesday, but some indices are rising more than others. S&P 500 futures are up 1.4%, while Dow Jones Industrial Average futures are up 566 points, or 2.1%, and Nasdaq Composite is up just 0.5%. …
Read More »Boeing delivered 20 aircraft in the second quarter. Here’s how bad it is.
Text size A Boeing 737 MAX airplane. Jason Redmond / AFP via Getty Images Boeing delivered 20 aircraft in the second quarter. While it is not unexpected, it is not good. The 737 MAX saga and the global coronavirus pandemic continue to plague the commercial aerospace giant. Boeing (ticker: BA) …
Read More »Why the S&P 500 is underperforming despite the US’s inability to contain COVID-19
AFP via Getty Images Here’s a weird twist to American exceptionalism: American stocks, as measured by the S&P 500 benchmark, hold up against their European rivals, despite US coronavirus cases rising again and threatening economic recovery, while European countries seem to have the outbreak largely under control. Coronavirus update: Global …
Read More »Dow posts a 557-point gain as Fed Bullard says unemployment could drop quickly “if we play our cards right”
US stocks ended markedly higher on Tuesday, and Dow industrials posted a third consecutive gain, fueled by a rally in energy and materials stocks, a day after technology stocks underwent a surprising reversal. . Comments made by members of the Federal Reserve implying increased support for the economy and pointing …
Read More »Dow raises 430 points when Brainard urges the Fed to switch to stimulus as the “thick fog of uncertainty” surrounds the coronavirus-hit economy
Benchmarks for US stocks boosted gains Tuesday afternoon after Federal Reserve Governor Lael Brainard painted a bleak outlook for the economy facing the COVID-19 pandemic, but said he advocated a policy that stimulates the business sector hit by the virus. Brainard said that Fed policy should do more to boost …
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