Stocks jumped to record highs at the start of the final week of 2020 after President Donald Trump unexpectedly signed a $900 billion COVID-19 economic aid package. The Dow Jones rose 240 points higher, or 0.8%, to 30,440 points as of 11.30am EST. The benchmark briefly climbed to 30,525.56, its first intraday record in 10 days, before … Read more
Dow slumps 100 points and Wall Street pulls back from post-election rally as job growth slows and Biden edges closer to the White House Main US stock indexes edged lower on Friday after a post-election surge Stocks had rallied at the prospect of a split government in Washington But latest jobs numbers showed a slowdown … Read more
US stocks jumped again on Thursday as the presidential election hung in the balance with the Dow rising nearly 600 points and the S&P 500 rallying toward its biggest weekly jump since April. With counting continuing in the battleground states, investors were abandoning cautious positioning that many took ahead of the election, driving all of … Read more
Technology and health care companies led a stock market rally Wednesday as Wall Street shrugged off the presidential election limbo. The S&P 500 rose 2.2% for its best day in five months. The benchmark index had been up 3.5% before the market lost some of its momentum toward the end of the day. That pullback … Read more
Dollar rises against pound and US bonds are in demand as investors seek safe havens amid ‘extended uncertainty’ of election Leading up to election day markets had been pricing in a Biden clear sweep Strength of US dollar now on the up as investors flock to ‘safe havens’ By Jane Denton For Thisismoney Published: 11:53 GMT, … Read more
Donald Trump sparked a panicked stock market sell-off Tuesday afternoon as he tweeted that he would not allow talks on a stimulus plan to go on before the November election. In a series of tweets sent from the White House residence where he is still on drugs to fight his COVID, Trump canceled talks with … Read more
Record highs hit by the American stock market have further laid bare the gulf between Wall Street’s V-shaped recovery and the UK, which is struggling to bounce back from the pandemic. London‘s FTSE 100 continues to flatline even as the country emerges from lockdown and the government unlocks most sections of the economy. The blue-chip … Read more