|Day's range||10,379.91 - 10,578.10|
|52-week range||6,631.42 - 10,578.10|
Stock futures pointed slightly higher Thursday evening after a mixed session on Wall Street, during which tech shares broke further to the upside to close at fresh record highs.
2020 has been a tale of two markets, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has definitely been the big winner. Both the Composite index and the Nasdaq 100 Index reached new highs, climbing around 0.5% and 1%, respectively, even as other market benchmarks fell. Meanwhile, Amazon.com (NASDAQ: AMZN) raced to new record heights, and while some are concerned about the nearly uninterrupted ascent for the tech giant, there are solid reasons why Amazon is doing as well as it is.
(Bloomberg) -- U.S. equities slumped on concern that a resurgence in coronavirus cases will derail the comeback for the world’s biggest economy. Oil dipped below $40 a barrel and Treasuries jumped.Financial companies were among the worst performers on the S&P 500 Index as Wells Fargo & Co. prepared to cut thousands of jobs because of the pandemic. The Dow Jones Industrial Average’s loss exceeded 1.3% as Boeing Co. dropped. The Nasdaq gauges advanced as big tech stocks rose.Long-term government bonds rallied following an auction for 30-year securities that showed strong demand.Analysts are closely monitoring the spread of the coronavirus in the U.S. and across the world, with record deaths in Florida and California seen as ominous signs. While optimists are betting that fiscal and monetary support will contain the fallout and cited jobs data Thursday that came in better than expected, others pointed out that the labor market is still treacherous.“Sentiment clearly took a turn negative today, and the buildup of Covid-19 concerns seems to be the biggest issue,” said Larry Milstein, senior managing director of government debt trading at R.W. Pressprich & Co. Given that cases are also rising in Asia, “there’s a real concern that a second wave is approaching that will impact the global economy.”Elsewhere, European shares joined the decline. Gold traded near $1,800 an ounce. West Texas oil slumped after swelling U.S. crude stockpiles raised fresh concerns about oversupply and a key Libyan field resumed production.Chinese equities outperformed as the Shanghai Composite notched an eighth day of gains, helped by signals of official support and strong demand from retail traders.Here are some key events coming up:Singapore holds its general election on Friday.These are the main moves in markets:StocksThe S&P 500 Index fell 0.6% as of 4 p.m. New York time.The Stoxx Europe 600 Index fell 0.8%.The MSCI Asia Pacific Index climbed 0.7%.The MSCI Emerging Market Index added 0.8%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.2%.The euro fell 0.4% to $1.1288.The British pound was little changed at $1.261.The Japanese yen was little changed at 107.22 per dollar.BondsThe yield on 10-year Treasuries decreased six basis points to 0.61%.Germany’s 10-year yield fell two basis points to -0.47%.Britain’s 10-year yield sank two basis points to 0.16%.CommoditiesWest Texas Intermediate crude decreased 3.5% to $39.47 a barrel.Gold fell 0.3% to $1,803.25 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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.
U.S. stock markets closed higher on Wednesday supported by strong performance of large-cap technology stocks.
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Equity markets have pushed higher in Asia following an impressive last hour rally on Wall Street yesterday.
Here we pick five large-cap Nasdaq stocks that are positioned to grow on solid prospects in the rest of 2020.
Global stocks slipped on Thursday after an uptick of coronavirus deaths in Florida rekindled fears that the outbreak could hinder the fragile US economic recovery. The S&P 500 closed 0.6 per cent lower, led by stocks sensitive to consumer spending and virus-related restrictions such as United Airlines, which fell 7.3 per cent. The tech-heavy Nasdaq rose 0.5 per cent to a fresh record, as reliance on online activities remained high. States including Florida, Texas and Arizona have suffered a rise in coronavirus cases for some time, without a related acceleration in deaths.
Stocks turned lower shortly before 16:00 GMT after a senior Fed official said the central bank may slow the pace of its corporate bond purchases.
The stock market has gotten back some of its turbulence, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) has maintained its leadership role. The Nasdaq 100 Index of the biggest Nasdaq-listed stocks rose by a similar amount. The biotech industry has received a lot of attention because of the prospects for developing treatments or vaccines for the coronavirus.
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Wall Street closed lower on Tuesday on account of growing concerns on resurgence of the coronavirus.
Investors should be prepared to minimize fluctuations in their portfolio. Thus, it would be prudent to pick up value stocks with a favorable Zacks Rank.
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.
Avenue Capital Group CEO and legendary investor, Marc Lasry, joins 'Influencers with Andy Serwer' to discuss the 2020 Presidential race.
Avenue Capital Group CEO and legendary investor, Marc Lasry, joins 'Influencers with Andy Serwer' to discuss the pandemic's impact on the global economy.
Here we highlight three sectors that are sizzling with investing opportunities as the second wave of the outbreak is gathering steam.
Tuesday brought an intraday reversal to the stock market. The Nasdaq Composite (NASDAQINDEX: ^IXIC) jumped out to a solid gain by the middle of the day, but by the end of the session, the index was down almost 1%. The Nasdaq 100 saw similar declines, motivated in large part by calls from major players on Wall Street that the stock market's huge rebound from the March lows might have gotten ahead of itself.