US stocks recover led by oil shares propped by Trump tweet on expected crude output cut
US stock market rebounded on Thursday as optimism on rallying oil prices after President Trump tweeted Saudis and Russia would cut production by about 10 million barrels per day offset concerns about...
US stocks drop amid weak data
US stock market retreat continued on Tuesday with weak data providing little support for market sentiment as investors wonder when the US can return to usual business. Uncertainty about how long the shutdown may last increased as President Trump warned that a...
Dow books 690-point gain
US stock market rebounded on Monday as World Health Organization indicated the smallest increase in COVID-19 cases in two weeks were recorded in Italy. Overnight President Trump extended social-distancing guidelines through April 30. The S&P 500 rose 3.4% to 2626.65...
US stocks end week higher as House approves second bailout package
US stock market ended sharply lower on Friday despite approval by the House of Representatives of a second bailout package exceeding $2 trillion. The S&P 500 fell 3.4% to 2541.47, erasing most of previous week’s 15% loss as it...
US stocks jumped to third gain in a row
US stock market surged to third successive gain in a row on Thursday as Senate passed $2 trillion economic stimulus package overnight. The S&P 500 extended gains 6.2% to 2630.07. The Dow Jones industrial average advanced 6.4% to 22552.17. Nasdaq...
Dow logs back to back gains
US stock market posted back to back gains on Wednesday. However indexes ended off daily maximums as few Senators said they wanted amendments to be made to $2 trillion economic rescue package before they would vote for it. The S&P 500 gained 1.2% to 2475.56. The Dow...
US stock market shows strong growth
On Tuesday, US stock quotesrose for the 2nd day in a row. US authorities are going to adopt a package of measures to support the US economy in the amount of $ 2 trillion. The voting in Congress on this issue may be held today. The S&P 500 (+9,4%), Nasdaq...
US stocks closed lower as Senate failed to agree on stimulus
US stock market retreat slowed on Monday as Senate failed to pass the $1.3 trillion aid package that Democrats claimed is tilted toward corporate bailout measures. President Trump said he was considering how to reopen the US economy...
Dollar strengthening halts
US stock market plunge renewed on Friday as Senate considered a second bailout package that could exceed $1 trillion while President Trump announced interest on student loans would be waived temporarily following postponement of the US tax filing in the US to July 15...
Dollar strengthening halts
US stock market ended modestly higher on Thursday. The Federal Reserve announced the opening of temporary dollar swap lines with central banks in response to heightened global demand for dollars. And Congress continued discussing a fiscal stimulus package of more than...
Dow erases virtually all gains since President Trump’s 2017 inauguration
US stock market erased previous session gains on Wednesday despite Congress passing the first of two planned bills providing financial aid to businesses suffering economic damage from the coronavirus pandemic, while...
Nasdaq records worst loss ever
US stock market plunge accelerated on Monday despite Fed’s full percentage point rate cut Sunday and the start of the purchase of $700 billion in Treasurys and mortgage-backed securities. President Trump called on Americans to avoid gatherings of 10 people or...
US stocks bounced back while Trump declares emergency
US stock market bounced back on Friday after President Trump declared a national emergency opening up $50 billion of financing to combat coronavirus outbreak. Sunday night Federal Reserve cut interest rates to 0% and announced $700 billion...
SP500, Nasdaq join Dow in bear market
US stock market plunge accelerated on Thursday despite President Trump’s promise of financial relief “for workers who are ill, quarantined or caring for others due to coronavirus,” emergency low-interest loans from Small Business Administration to affected...
Dow in bear market as WHO designates coronavirus outbreak a pandemic
US stock market plunge renewed on Wednesday after the World Health Organization designated the global spread of coronavirus as pandemic. The S&P 500 fell 4.9% to 2741.38. The Dow Jones industrial average plummeted 5.85% to...
Dollar weakening halts
US stock market suffered their biggest one-day percentage declines since 2008 on Monday in a session that started with plunge in oil and Asian indexes. Stocks closed off lows as President Trump proposed cuts to payroll taxes to alleviate coronavirus impact. The S&P 500...
All three US benchmarks finish the week in positive territory
US stock market ended lower on Friday amid reports US coronavirus cases increased. All three US benchmarks however managed to record a weekly gain. The S&P 500 lost 1.7% to 2972.37, booking a 0.6% gain for the week. Dow Jones...
Dollar weakening resumed
US stock market recovery paused on Thursday as investors' concern the negative impact of coronavirus outbreak may be bigger-than-realized mounted against the background of increase in coronavirus infection cases outside China. The S&P 500 lost 3.4% to 3023.94. The Dow...
Dollar weakening intact
US stock market rebounded on Wednesday after the surprise half-a-percentage-point rate cut by the Fed on Tuesday. The S&P 500 advanced 4.2% to 3130.12. The Dow Jones industrial average jumped 4.5% to 27090.86. Nasdaq rose 3.9% to 9018.09. The dollar weakening stalled...
US stock market participants did not appreciate the Fed rate cut
On Tuesday, US stock quotes fell. The US Federal Reserve cut the rate straightaway by 0.5% (from 1.75% to 1.25%) in order to support the economy affected by the coronavirus epidemic. As a rule, in such cases, stock indices rise, as...
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