Investors this week will look ahead to a packed calendar of events, including multiple appearances of Federal Reserve Chair Jerome Powell before Congress, Tesla’s inaugural battery technology event, and a handful of closely watched corporate earnings results and economic data releases.
Tech stocks once again fell prey to selling pressure, as encouraging jobless data and the Fed failed to calm the jitters.
The ranks of America's jobless grew again last week, reaffirming that the U.S. recovery is losing momentum.
Stocks erased earlier gains and turned mixed Wednesday afternoon as investors considered the Federal Open Market Committee’s (FOMC) September monetary policy statement and remarks from Federal Reserve Chair Jerome Powell. Officials signaled that rates would remain near-zero through 2023, as policymakers look to boost the virus-stricken economy.
Stocks rose Tuesday, with the Nasdaq tracking toward back-to-back sessions of gains as tech stocks continued to recover last week’s losses.
Stocks rose Monday as investors considered positive developments around a coronavirus vaccine candidate, and eyed a flurry of newly announced mergers and acquisitions among major companies.
Investors, rocked by a volatile stretch of trading in equity markets last week, will turn their attention this week to the Federal Open Market Committee’s (FOMC) September meeting, along with a key report on the state of the consumer in the US.
Wall Street is closing a volatile week on a down note, as Apple's stock weighs on the broader market.
Stocks traded choppily Thursday and turned sharply negative, as a temporary resurgence in technology shares lost steam. Each of the three major indices sank more than 1.2%.
Stocks rose Wednesday and recovered some losses after another drop in tech names dragged the three major indices to their lowest closing level in one month on Tuesday.
Stocks were lower Tuesday, setting the three major indices up for a third straight session of losses after last week’s tech-led selloff.
Equity trading this week will be shortened in the US this week as investors take Monday off to observe the Labor Day holiday.
Stocks fell Friday after a selloff a day earlier led the S&P 500 to its worst single-session drop in nearly three months.
Stocks dropped Thursday, as Wall Street gave back gains after capping off yet another record-setting session a day earlier.
The Department of Labor released its weekly jobless claims report at 8:30 a.m. ET on Thursday.
Investors sustained the momentum from August, and the first trading day of September.
The US economy regained fewer than expected private jobs in August, according to ADP’s closely watched monthly payrolls report.
Markets are aiming for a 5th day of gains, with tech stocks and the broader market sitting at new records.
Stocks were mixed Wednesday morning, with the S&P 500 and Nasdaq adding modestly to their highest-ever closes a day earlier.
Stocks closed at record levels Tuesday after each of the S&P 500 and Nasdaq touched yet another record intraday high earlier in the session. A closely watched index tracking US consumer confidence unexpectedly deteriorated in August to a fresh pandemic-era low, cooling hopes for an extended rebound in consumer spending trends.
Stocks rose Monday, with the S&P 500 and Nasdaq hitting fresh intraday highs and adding to last week’s record levels, as market participants reacted to positive developments over a coronavirus treatment, and signs that a vaccine might be authorized in the near-term.
This week’s busy economic calendar is set to include two sets of consumer confidence reports, the second revision of second-quarter US gross domestic product and a variety of other data on the housing market, consumer spending and manufacturing sector activity. Corporate earnings results will focus on a plethora of software names like Palo Alto Networks (PANW), Salesforce (CRM) and Okta (OKTA), and retail names including Best Buy (BBY), Nordstrom (JWN) and Dick’s Sporting Goods (DKS).