|Day's range||25,637.50 - 26,101.32|
|52-week range||18,213.65 - 29,568.57|
Stocks rose Friday, and the Nasdaq Composite hit yet another record high, after Gilead Sciences announced that its remdesivir treatment reduced the risk of death for Covid-19 patients, based on new data from the company.
American Airlines threatened to cancel 737 Max orders, and an analyst expects bank earnings to fall dramatically in the second quarter.
We’re going to be watching a minor pivot at 25787 into the close on Friday.
Wall Street closed mixed on Thursday growing concerns about the second wave of the coronavirus dented investors' confidence.
Top news and what to watch in the markets on Friday, July 10, 2020.
What happened Shares of DocuSign (NASDAQ: DOCU) climbed 2.9% on Thursday, even as the Dow Jones Industrial Average (DJINDICES: ^DJI) fell 1.4%, following bullish comments by analysts. So what Wedbush analyst Daniel Ives reiterated his "outperform" rating on DocuSign's stock and boosted his target price from $165 to $240.
Thursday wasn't a good day for the stock market, although there were some pockets of strength in an otherwise gloomy session. The Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) were significantly lower, with the Dow losing more than 360 points.
Stocks abruptly turned negative Thursday as fears over the economic outlook following an increase in coronavirus cases resurged. The Dow and S&P 500 wiped out their week to date gains.
Walgreens is raising its cost savings target as the pandemic hits sales and profits, and analysts see Microsoft and Cisco as good bets.
This market veteran offers a grim assessment on markets if Joe Biden's tax plan goes through should he win the presidency.
The stock market has done well lately, but Thursday morning brought a quick reversal to its recent gains. New data showed that first-time claims for unemployment benefits remained at elevated levels, with this week's 1.31 million number extending a streak of more than 1 million claims every single week since mid-March. The S&P 500 (SNPINDEX: ^GSPC) had fallen 39 points to 3,131, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had dropped 69 points to 10,424.
By Yasin Ebrahim
Avenue Capital Group CEO and Milwaukee Bucks Co-Owner, Marc Lasry, joins 'Influencers with Andy Serwer' to discuss the NBA restart.
U.S. stock markets closed higher on Wednesday supported by strong performance of large-cap technology stocks.
The blinkers are on and the markets are racing to hit fresh record highs. All of this in spite of some plenty of doom and gloom…
Equity markets have pushed higher in Asia following an impressive last hour rally on Wall Street yesterday.
In this week's episode of Influencers, Andy is joined by Avenue Capital Group CEO and Milwaukee Bucks Co-Owner, Marc Lasry, as they discuss the pandemic's impact on the global economy, why he's throwing his support behind Joe Biden, and the return of the NBA.