S&P 500, Dow snap seven-day winning streak as concern mounts over stimulus deal

U.S. stocks closed lower on Tuesday, with the S&P 500 and Dow snapping a seven-day streak of gains and falling late in the session on growing uncertainty about breaking a stalemate in Washington over a fiscal stimulus deal. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. … Read more S&P 500, Dow snap seven-day winning streak as concern mounts over stimulus deal

Amazon Could Turn Empty Mall Spaces Into Fulfillment Centers

Aug.10 — Mall operator Simon Property Group Inc. has been in talks with Amazon.com Inc. to turn some empty store space formerly occupied by anchor tenants such as J.C. Penney Co. Inc. and Sears Holdings Corp. into Amazon fulfillment centers, Dow Jones reported, citing people familiar with the matter. Guy Johnson and Alix Steel discuss on … Read more Amazon Could Turn Empty Mall Spaces Into Fulfillment Centers

Assessing the Rivalry Between U.S., Chinese Tech Giants

Aug.09 — Rebecca Fannin, founder of Silicon Dragon Ventures and author of “Tech Titans of China,” talks about the prospects for Beijing-based ByteDance Ltd.’s TikTok, the video-sharing app that the Trump administration has declared a national-security threat, and the rivalry between U.S. and Chinese technology companies. Twitter Inc. has held early talks about a potential combination with … Read more Assessing the Rivalry Between U.S., Chinese Tech Giants

S&P dips; Apple, Facebook surge after hours

The S&P 500 and Dow fell Thursday on weak economic data. But shares of Apple, Facebook, and Amazon surged in extended trading after the tech titans reported strong earnings. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get … Read more S&P dips; Apple, Facebook surge after hours

Wall St. dragged lower by pandemic, earnings

Wall Street extended a two-day slump on Friday as tensions rise between Washington and Beijing, a disappointing round of earnings dented sentiment and worries the spike in new virus cases across the United States jeopardizes the economic recovery. The Dow lost 182 points. The S&P 500 shed 20. The Nasdaq gave up 9 Subscribe: http://smarturl.it/reuterssubscribe … Read more Wall St. dragged lower by pandemic, earnings

Jobless spike, stimulus fight spark stock drop

Wall Street suffered a stock market beatdown Thursday with hopes for a quick turnaround for the economy dashed by a surprise resurgence in unemployment. The Dow tumbled 353 points in its first drop all week. The S&P 500 shed 40. The Nasdaq got slammed – falling more than 2 percent, a dive of 244 points. … Read more Jobless spike, stimulus fight spark stock drop

Wall Street ends choppy session higher

Wall Street ended the day higher on Wednesday in a choppy session with shares of Pfizer boosting the Dow Jones after the drugmaker secured a nearly $2 billion order from the U.S. government if its experimental COVID-19 vaccine is successful. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around … Read more Wall Street ends choppy session higher

Stimulus hopes lift Dow, S&P 500

Wall Street got a jolt Tuesday from upbeat earnings, but the Nasdaq was left behind one day after closing at another record high. Investors were also hopeful as U.S. lawmakers wrangle over another round of stimulus. The Dow rallied 159 points. The S&P 500 gained 5 but the Nasdaq fell 86. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings … Read more Stimulus hopes lift Dow, S&P 500

Record high for Nasdaq; vaccine hopes fuel binge

The Nasdaq notched its first record close in six sessions amid a flurry of optimistic vaccine news – as well as a rally among tech firms whose popularity has soared while many are forced to stay home. The Dow and the S&P 500 posted modest gains. The Nasdaq outperformed by far with a 263-point surge. … Read more Record high for Nasdaq; vaccine hopes fuel binge

Stocks little changed with eyes on virus

It was a hazy, lazy, summer Friday on Wall Street as investors took a well-needed rest after the first full week of earnings. The Dow ended the day lower but the S&P 500 and the Nasdaq both edged higher. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the … Read more Stocks little changed with eyes on virus

Biden unveils economic plan to spur American manufacturing

Presumptive Democratic nominee Joe Biden unveiled the first major plank of his economic agenda Thursday, detailing a moderate proposal to use government purchasing to spur manufacturing in sectors such as clean energy, infrastructure and health care. The former vice president delivered a speech outside his childhood hometown of Scranton, Pennsylvania, as he launched what his … Read more Biden unveils economic plan to spur American manufacturing