|Day's Range||3,051.64 - 3,081.07|
|52 Week Range||2,191.86 - 3,393.52|
Tulsa, OK State Rep. Monroe Nichols (D) joins Yahoo Finance’s Kristin Myers to discuss the 99th anniversary of the 1921 Tulsa race massacre and how Tulsa residents are faring economically now.
Economic Policy Institute Senior Economist Elise Gould joins Yahoo Finance’s Kristin Myers to break down the hardships black workers are facing amid the coronavirus pandemic.
Oxbow Advisors Managing Partner Ted Oakley joins Yahoo Finance’s Zack Guzman to discuss his outlook on the markets as protests over George Floyd's death spread nationwide.
As the Nasdaq nears highs, top coronavirus play Zoom Video soared on earnings, along with CrowdStrike. Tesla, RH lead growth 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.
Zoom Video Communications Inc. became a household name during the pandemic, and it showed off the financial effects of its growth Tuesday — record sales and earnings, and expectations for more amid booming stock prices.
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.
Twitter Inc. on Tuesday named Patrick Pichette as chairman. Pichette, who was chief financial officer at Alphabet Inc.'s Google, succeeds Omid Kordestani, another ex-Google exec. Kordestani, who stepped down as Twitter's executive chairman, effective June 1, will remain on the board as a non-employee director. Pichette has served as Twitter's lead independent director since Dec. 31, 2018. Twitter shares are flat this year. The broader S&P 500 index is down 4.6% in 2020.
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.
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.
After two months in business, the new “actively managed, non-transparent” exchange-traded funds have performed about as well as analysts expected — with a few surprises — and are setting the stage, some observers say, for a fund marketplace that moves beyond existing categories to bring broader choices to investors.
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.
(Bloomberg) -- U.S. stocks rose alongside equities in Europe and Asia amid new bouts of stimulus and positive economic signals as coronavirus lockdowns ease. The dollar slumped for a fourth consecutive day.Two shares rose on the S&P 500 Index for every one that fell, lifting the benchmark to its highest since March 4. Gunmakers extended rallies in the wake of President Donald Trump’s promise to deploy large numbers of troops if cities and states don’t act to contain violence from protests over police brutality.Stocks are hovering near their highest in three months as businesses reopen around the world and manufacturing gauges show economies stabilizing following coronavirus shutdowns. That’s despite a slew of risks still on the horizon, including tense U.S.-China relations that may jeopardize a hard-won trade deal. The sometimes violent demonstrations across U.S. cities over the killing by police of George Floyd, an unarmed black man, aren’t yet seen as a major drag on the economy and corporate profits.“Everyone who is assessing what they’re seeing on the news every night is recognizing things getting worse, and yet the markets are focusing on things that they believe are getting better,” said Brian Levitt, a global market strategist at Invesco. Coronavirus “cases have plateaued in aggregate and compressed in some of the hardest hit areas. Mobility is starting to pick up, reopenings are starting to pick up.”Stimulus hopes powered Europe’s Stoxx 600 to a 12-week high as Chancellor Angela Merkel sought to thrash out a second aid package for Germany. Oil gained as investors eyed a potential extension of record production curbs by OPEC+. Treasuries edged lower, while the pound gained on positive news in trade negotiations between Britain and the EU.Elsewhere, emerging-market stocks rallied alongside currencies. Australia’s dollar rose to its highest level since January. In Asia, Tokyo equity benchmarks outperformed.Here are some key events coming up:In Europe, the ECB is expected to top up its rescue program with an additional 500 billion euros of asset purchases at a meeting on Thursday. Anything less than an expansion would be a big shock, Bloomberg Economics said.The U.S. labor market report on Friday will probably show American unemployment soared to 19.6% in May, the highest since the 1930s.These are the main moves in markets:StocksThe S&P 500 Index rose 0.8% at the close of trading in New York for its third straight gain.The Stoxx Europe 600 Index advanced 1.6%.The MSCI Asia Pacific Index increased 1%.The MSCI Emerging Market Index gained 1.7%.CurrenciesThe Bloomberg Dollar Spot Index decreased 0.3%.The euro increased 0.3% to $1.1169.The British pound gained 0.4% to $1.2546.The Japanese yen weakened 1% to 108.66 per dollar.BondsThe yield on 10-year Treasuries rose two basis points to 0.68%.Germany’s 10-year yield declined one basis point to -0.42%.Britain’s 10-year yield fell one basis point to 0.22%.CommoditiesWest Texas Intermediate crude increased 4% to $36.84 a barrel.Gold fell 0.7% to $1,728.12 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Activision Blizzard is the best positioned videogame stock for the second half of 2020, according to Piper Sandler.
OUTSIDE THE BOX As I’ve written many times, I can’t see into the future, and I certainly don’t presume to predict investment returns. With that said, this third decade of the 21st century looks to be a challenging one for investors.
Joe Biden, already the Democrats’ presumptive presidential nominee, could make it official on Tuesday as voters in eight states and the District of Columbia hold primary elections.
After a few months of slim pickings, the U.S. initial public offering market is expected to reopen with a bang this week with the biggest deal of the year expected to price later Tuesday
All of the major U.S. equity indexes continued to regain ground that was lost in February and March to the Covid-19 pandemic. May's sequential increase reflected expectations associated with the reopening of the global economy, but those expectations were tempered late in the month by rising U.S.-China tensions and the growing number of protests around the U.S. Despite the April to May rebound, only the S&P 500 finished the first five months of 2020 down 5.8%, while the Dow Jones Industrial Average limped even further behind, down 11.8%. Digging into RMPIA's May performance, its gains were led by roughly half of its constituents rising higher than the S&P 500's May move of 4.5%.
After the bond market’s latest gains, it will likely be difficult for investors to find good investment opportunities in riskier debt, strategists say.
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.
Mark Zuckerberg came under fire for declining to remove any of Trump’s posts on free-speech grounds, including from his own employees, some of whom staged a virtual job walkout on Monday to protest his actions.