Breaking News: Markets
Dow futures plunge 800 points following Wall Street’s sharp losses last week
The New York Stock Exchange (NYSE) stands in lower Manhattan on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images Stock futures fell in early morning trading on Monday, pointing to more losses ahead as investors …
Dow futures fall more than 300 points following two days of losses
Stock futures fell in overnight trading on Wednesday as investors evaluate the pace of economic recovery and the coronavirus developments. Futures on the Dow Jones Industrial Average fell 315 points, implying a Thursday opening drop of around 329 points. S&P 500 and the Nasdaq 100 futures also pointed to losses at the Thursday open for the two …
Stocks dip, Trump China press conference looms, Dow up 2% on week
View of New York Stock Exchange, Wall Street on March 23, 2020 in New York City. Angela Weiss | AFP | Getty Images This is a live blog. Please check back for updates. 9:57 am: Here are Friday’s biggest analyst calls of the day: Lululemon, Bloomin’ Brands, Slack & more Raymond James raised its price …
Weekly jobless claims reach 2.1 million, but total unemployed shrinks
First-time claims for unemployment benefits totaled 2.1 million last week, the lowest total since the coronavirus crisis began though indicative that a historically high number of Americans remain separated from their jobs. Economists surveyed by Dow Jones had been looking for 2.05 million. The total represented a decrease of 323,000 from the previous week’s upwardly …
Bear market rally or new bull? Breaking down the market after another winning week
A man walks past the Wall Street Charging Bull in New York, the United States, March 24, 2020. Wang Ying | Xinhua News Agency | Getty Images How are we to characterize this stock-market struggle of the past three months and beyond? By the most simplistic definition, it became a bear market when the S&P …
Johnson & Johnson discontinues talc-based baby powder in US and Canada
Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York. Lucas Jackson | Reuters Johnson & Johnson said Tuesday that it is discontinuing its talc-based baby powder in the United States and Canada as demand fell in light of mounting lawsuits that said it caused cancer. J&J attributed the decline “in …
India infection cases top 60,000
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 4 million Global deaths: More than 279,300 Most cases reported: United States (over 1.3 million), Spain (over 223,500), Italy (over 218,200), United Kingdom (over 216,500), Russia (over …
Florida jobless claims surpass California’s as unemployment spreads
Florida overtook California on Thursday as the U.S. state with the most weekly unemployment claims as Tallahassee began to process in earnest its sizable backlog of filings. Florida, which reported 432,465 jobless claims for the week ended April 25, topped California’s 328,042, marking the first time since the week ended March 21 that the Golden State didn’t …
US weekly jobless claims hit 3.84 million, topping 30 million over the last 6 weeks
First-time filings for unemployment insurance hit 3.84 million last week as the wave of economic pain continues, though the worst appears to be in the past, according to Labor Department figures Thursday. Economists surveyed by Dow Jones had been looking for 3.5 million. Jobless claims for the week ended April 25 came in at the …
This oil price crash isn’t as bad as it seems — here’s why
Something that’s never happened in the oil market is happening today: negative prices on an oil contract. While many people may see this and think the overall price of oil is negative, there’s nuance. The short answer is that no, not all oil is free. The picture in the market is not as bleak as …