Tag: S&P 500

Wall Street Slides, S&P 500 Posts Worst Month, Quarter Since COVID-19 Outbreak

NEW YORK—Wall Street ended sharply lower on Thursday and the S&P 500 posted its worst month since the onset of the global health crisis, following a tumultuous month and quarter wracked by concerns over COVID-19, inflation fears, and budget wrangling in Washington. The U.S. Senate and House approved a stopgap spending bill to keep the…


S&P 500, Dow Gain Amid Inflation Concerns, Debt Ceiling Debate

NEW YORK—Wall Street ended firmer on Wednesday in a partial rebound from the previous day’s broad sell-off, with remarks from Federal Reserve Chairman Jerome Powell and the ongoing debt ceiling debate keeping a lid on gains. The S&P 500 index and the Dow Jones Industrial Average advanced, but the Nasdaq Composite closed lower as Treasury…


Bulk of S&P 500 Embraces Sustainable Accounting Standard, Foundation Says

More than half of companies in the S&P 500 now use a common standard from the Value Reporting Foundation to report on topics like carbon emissions and energy management, indicating executives are paying more attention to an area likely to face new regulations soon, a foundation official said. “The market has already got a lot…


Dow, S&P 500 End With Gains up After Bumpy Week, but Nike Drags

NEW YORK—The Dow and S&P 500 edged higher on Friday and ended a turbulent week with slight increases, helped by gains in Tesla and Facebook that offset a tumble by Nike. Athletic wear company Nike’s shares fell 6.3 percent and were the biggest drag on the Dow and the S&P 500 after it delivered a…


Tech Slide Pulls S&P 500 Down for Its 5th Straight Loss

Wall Street capped a choppy day of trading Friday with another pullback for stocks and the S&P 500’s first weekly loss in three weeks. The benchmark index fell 0.8 percent, its fifth straight decline, and ended 1.7 percent lower for the holiday-shortened week. That’s it’s biggest weekly drop since June. The other major U.S. stock…


S&P, Nasdaq Post Record Closes on Dovish Fed Taper-Talk

The S&P 500 and Nasdaq topped their record closes once again on Monday, bolstered by technology stocks, as last week’s dovish comments from the Federal Reserve on tapering its monetary stimulus refocused investors’ minds on economic growth. It was the fourth record closing high in five sessions for the S&P, and the fifth in six…


Modest Gains Produce More Record Highs for S&P 500, Nasdaq

Stocks on Wall Street closed with modest gains Wednesday, driving the S&P 500 and Nasdaq to all-time highs for the second day in a row. Financial and energy companies led the way higher among stocks in the S&P 500. The benchmark index rose 0.2 percent, marking its fifth straight gain. A rise in bond yields,…


US Stocks in 2020: A Year for the History Books

NEW YORK—The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for economic recovery that resulted in the shortest bear market on record. After closing at a record high…