|Day's Range||25,523.74 - 25,743.13|
|52 Week Range||18,213.65 - 29,568.57|
Stocks closed at session highs on Tuesday, with the Dow ending 267 points higher, as reopening hopes offset continuing protests across the U.S. The energy sector outperformed the broader market as crude oil prices settled at a three-month high.
Salt Financial President and SLT ETF Co-Founder Alfred Eskandar joins Yahoo Finance’s Kristin Myers to discuss the market outlook as protests continue across the nation and economic data stabilizes.
American Enterprise Institute Resident Fellow Jason Delisle joins Yahoo Finance’s Zack Guzman to discuss whether the U.S. should forgive student loan debt and the wealth gap within the education system.
Warner Music Group and ZoomInfo plan to list shares for their company’s IPOs. Yahoo Finance’s On The Move panel weighs in on the state of the IPO market.
Stock futures kicked off the overnight session hugging the flat line Tuesday evening, as investors set their sights on more major cities’ plans to reopen businesses in the near-term as the coronavirus pandemic eased.
Top coronavirus play Zoom Video reported blowout earnings, but shares fell late. CrowdStrike spiked. Meanwhile, Tesla, RH lead stocks that have roared back from deep bases on recovery hopes.
Analysts and investors interviewed by MarketWatch said that improvement in the COVID-19 health crisis and the gradual lifting of related economic restrictions is enough to support stock prices in the face of largely non-economic protests and geopolitical conflicts.
Lyft reduced its projected second-quarter loss, as the company experiences a rebound in ride activity. It said rides in May were up 26% from April.
U.S. stocks rose Tuesday as hopes for the reopening economy continued to outweigh other risk factors such as ongoing U.S.-China tension and nationwide protests. History shows unrest hasn’t had a material effect on stocks.
Stocks rallied into the close Tuesday, with the Dow Jones index in the lead despite continued civil unrest and tough talk from President Donald Trump.
U.S. stock benchmarks finished higher Tuesday, as investors trained their attention on the prospect of fuller business activity in the wake of the coronavirus, rather than a fresh round of civil unrest in U.S. cities.
Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in June 2020.
Stocks rose, tracking advances in global equities as investors eyed stabilizing economic data alongside ongoing protests across the country, which spurred some concerns of a ramp-up in coronavirus cases following a deescalation in the outbreak.
The enormous glut of parked aircraft will actually benefit the two original-equipment makers more than aerospace suppliers, according to Credit Suisse.
All four major U.S. auto makers have spoken out about the killing of George Floyd, Ahaud Arbery and Breonna Taylor.
U.S. stocks finished higher on Tuesday as investors found optimism in the easing of lockdown measures across the U.S., despite civil unrest that gripped the country. The S&P 500 rose 0.8% to end at around 3,081. The Dow Jones Industrial Average gained 268 points, or 1.1%, to finish near 25,743, based on preliminary numbers. The Nasdaq Composite closed 0.6% higher at around 9,608. The disconnect between the political instability wracking the U.S. and the ascendant momentum in Wall Street continued on Tuesday, as analysts suggest the protests are unlikely to have a dent on the U.S.'s expected rebound. They have also pointed to historical precedent of markets rallying during years of civil unrest.
DOW UPDATE Buoyed by positive momentum for shares of Dow Inc. and Caterpillar, the Dow Jones Industrial Average is climbing Tuesday afternoon. Shares of Dow Inc. (DOW) and Caterpillar (CAT) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) was most recently trading 230 points higher (0.
Shares of Union Pacific Corp. rose 1.1% in afternoon trading Tuesday, putting them on track to snap a 3-day losing streak, after the railroad operator provided a optimistic volume outlook at an industry conference. Chief Financial Officer Jennifer Hamann said at the UBS Global Industrials and Transportation Conference that the company was "feeling just a tad more optimistic" on volumes, and "it does feel like things have maybe bottomed a little bit," according to a transcript provided by FactSet. She said second-quarter volumes were tracking at down 23% from a year ago, which compares with guidance provided in April of "down around 25%," amid the COVID-19 pandemic. Hamann said that "it's hard to call the bottom," given all the uncertainty surrounding reopenings of businesses and whether there will be a resurgence in outbreak with the coronavirus. "But the last couple weeks with the auto manufacturers opening back up, I would say the trend is looking a little bit better and it's making everyone feel maybe just a little bit more confident that we're on the right path here," Hamann said. The stock has gained 6.9% over the past three months, while the Dow Jones Transportation Average has slipped 3.4% and the Dow Jones Industrial Average has lost 3.9%.
The Dow Jones jumped more than 200 points in early trading before paring gains following President Trump's comments regarding ongoing U.S. civil unrest.
On Monday, the Congressional Budget Office warned that a full economic recovery could take as long as a decade. Shares of Visa (NYSE: V) managed to gain on Tuesday after the credit card giant released data that showed a rebound in spending last month. Meanwhile, Apple (NASDAQ: AAPL) stock was down slightly following reports of steep discounts for iPhones in China.
The CNBC host and former hedge-fund manager recommends these ‘stay-at-home’ stocks and warns of ‘huge second wave.’
‘We’ve been fired at with rubber bullets.’ Riot police near the White House did not discriminate between the media and protestors, as they charged the crowds Monday evening, ramming a freelance cameraman Timothy Myers live on air and, according to Amelia Brace, the reporter for “Sunrise Live” in Australia, reportedly hitting another cameraman with rubber bullets.
Insurers are dealing with insured losses arising from the Covid-19 pandemic. Now they have to worry about losses from protests spreading across the U.S. What’s more, hurricane season started yesterday.