|Day's Range||25,778.10 - 26,204.40|
|52 Week Range||18,213.65 - 29,568.57|
The coronavirus stock market rally had a strong week despite Thursday's fade. Teladoc lead new breakouts. What's next for Tesla after a blowout week?
After a crazy first half of the year, investors will get a much-needed break Friday in observance of Independence Day.
Bloomberg reported Thursday that the commercial aerospace & defense giant (BA) is pulling the plug on its iconic 747, double-decker jumbo jet. “At a build rate of half an airplane per month, the 747-8 program has more than two years of production ahead of it,” a Boeing spokesperson told Barron’s. “We will continue to make the right decisions to keep the production line healthy and meet customer needs.” Not a lot compared with the more than 1,500 jumbo jets Boeing has delivered over time.
European stocks were set to break a four-session win streak on Friday, with upbeat economic data overshadowed by persistent worries about rising virus cases in the U.S.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.What Happened? On this day in 1884, Charles Dow created the first modern American stock index.Where The Market Was: Dow's original index predates the Dow Jones Industrial Average and the S&P 500. Today, the Dow is trading at 24,307.18 and the S&P 500 is trading at 2,726.71.What Else Was Going On In The World? In 1884, Mark Twain published "Adventures of Huckleberry Finn." The world's first roller coaster opened at Coney Island in New York. Standard rent in the U.S. at the time was $72 per year.First Dow Jones Precurser: Charles Dow's legacy lives on to this day, and his Dow Jones Industrial Average is one of the most popular measures of the entire U.S. stock market.Dow's first venture into U.S. stock index creation occurred in 1884 when he published his first index of public U.S. companies in his two-page financial bulletin "Consumer Afternoon Letter."Dow's original index consisted of just 11 stocks. Nine of the 11 stocks were railroads: Chicago & North Western, Delaware, Lackawanna & Western, Lake Shore, New York Central, St. Paul, Northern Pacific, Union Pacific, Missouri Pacific and Louisville & Nashville. The other two stocks in Dow's original index were steamship company Pacific Mail and telegraph company Western Union.Twelve years later in 1896, Dow created a new index comprised of 12 industrial companies only, which would eventually evolve into the 30-stock Dow Jones Industrial Average traders use to this day.See more from Benzinga * 2 Reasons Spiking COVID-19 Cases Doesn't Mean You Should Be Dumping Stocks * Survey Results: Investors Have No Idea Where The Market Is Headed Next * How The COVID-19 Drop Has Potentially Set Up 'Another Long Economic Expansion'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Independence Day falls on Saturday this year, meaning that U.S. financial markets will be closed on Friday.
It is set to be a subdued start to the quarter on Wednesday, after U.S. stocks wrapped up their best quarter in decades.
Wearing a mask has become a uniquely hot-button issue in the U.S., which finds itself in the throes of viral pandemic that appears to be drifting out of control by the day.
Investors might take some big earnings beats as a sign that business is improving faster than it really is. That could set up stocks for a big rally that could end in tears.
The market rally, fuelled by Thursday's record U.S. jobs numbers, largely blew itself out after a record daily total of new U.S. COVID-19 cases, though news of the fastest expansion in China's services sector in over a decade kept Asia's tail up early in the day. Chinese shares had charged to their highest level in five years, helping the pan-Asian indexes to four-month peaks, so the sight of European markets stalling left traders floundering, especially with no Wall Street to pick things up again because of a U.S. market holiday. More than three dozen U.S. states are now seeing increases in COVID-19 cases, including Florida, where they have leapt above 10,000 a day.
(TSLA) CEO Elon Musk is, frankly, a great (TWTR) follow. Chuck Norris is a popular internet meme. One meme apt for Musk—also the CEO of SpaceX—goes: A Chuck Norris roundhouse kick is so powerful, it can be seen from outer space by the naked eye.
Sometimes it pays to buy the market’s most unloved stocks—like Sally Beauty Holdings, Michaels, and Blackbaud. Shares of all three reflect a lot of bad news, even as business trends are improving.
U.S. stock indexes ended a choppy session Thursday with meager gains to close out a holiday-shortened week, as a record rise in new coronavirus cases in states like Florida helped to erode some of the optimism surrounding a stronger-than-expected monthly employment report for June.
All major indexes were up with Nasdaq notching another record. The latest data show that far more jobs were created than expected and unemployment fell more than anticipated.
The Dow Jones closed with a whimper Friday after rising 1.8% intraday. The Nasdaq and S&P; 500 also faded but ended with strong weekly gains.
Stocks finished modestly higher after a better-than-expected jobs report for June but worries about an increase in coronavirus infections persisted.
Stock rose on Thursday, as investors cheered the resiliency of a U.S. economy that created nearly 5 million jobs last month in the throes of the raging coronavirus pandemic.
U.S. stocks clung to their gains at the end of Thursday after a stronger-than-expected employment report confirmed the labor market's rapid recovery at the end of the second-quarter. Wall Street will be shuttered on Friday in honor of the Independence Day holiday. The S&P 500 gained 0.5% to 3,130. The Dow Jones Industrial Average advanced 92 points, or 0.4%, to end around 25,827, based on preliminary numbers. The Nasdaq Composite added 0.5% to 10,208, booking an all-time closing high for a second straight day. The U.S. added 4.8 million jobs in June compared with expectations for a rise of 3.7 million and the unemployment rate fell for the second straight month to 11.1%. Still, analysts worry the resurgence of new coronavirus cases across the U.S. could hold back further improvements in the broader U.S. economy.
The Dow Jones Industrial Average is enjoying a solid, albeit shortened, week of trading in the current stock market. IBD Leaderboard stock Microsoft, Caterpillar and fellow industrial powerhouse 3M paced the upside among the 30 Dow industrials stocks, each gaining 1 point or more. The Nasdaq composite, up nearly 0.8% in late-afternoon trading Thursday ahead of the July Fourth three-day holiday weekend, shows a 14.2% gain since Jan. 1; the S&P 500, up less than 0.7%, still harbors a year-to-date loss of less than 3%.
The Dow Jones Industrial Average is climbing Thursday afternoon with shares of Walgreens Boots and Pfizer delivering the strongest returns for the price-weighted average. The Dow (DJIA) is trading 206 points (0.8%) higher, as shares of Walgreens Boots (WBA) and Pfizer (PFE) are contributing to the index's intraday rally. Walgreens Boots's shares have gained $1.29, or 3.2%, while those of Pfizer are up $1.01, or 3.0%, combining for a roughly 16-point bump for the Dow.
Stocks moved off session highs but held solid gains Thursday afternoon as the Dow Jones Industrial Average rose nearly 300 points.
DOW UPDATE Behind strong returns for shares of Walgreens Boots and Pfizer, the Dow Jones Industrial Average is rallying Thursday afternoon. The Dow (DJIA) was most recently trading 277 points (1.1%) higher, as shares of Walgreens Boots (WBA) and Pfizer (PFE) are contributing to the index's intraday rally.
The Dow's rally drove shares of Apple (NASDAQ: AAPL), McDonald's (NYSE: MCD), ExxonMobil (NYSE: XOM), and Boeing (NYSE: BA) higher despite mixed news. Apple and McDonald's pulled back on store reopening plans due to a surge in COVID-19 cases, Exxon disclosed that it would take a large earnings hit in the second quarter, and the FAA completed certification test flights for Boeing's 737 Max.
The Dow industrials soared 450 points Thursday on a strong jobs report. Tesla surged 9% on strong delivery numbers.
The Nasdaq closed the holiday-shortened week at all-time highs after Thursday's data dump showed progress on the American employment front.