|Day's Range||9,472.08 - 9,576.38|
|52 Week Range||6,631.42 - 9,838.37|
Yahoo Finance’s Dan Howley joins Kristin Myers to discuss how tech companies are responding to the death of George Floyd.
As the COVID-19 pandemic continues, champagne sales are expected to sink. CIVC Co-Chairman Jean-Marie Barillère joins Yahoo Finance’s Zack Guzman to discuss.
Bharat Ramamurti, Managing Director of the Corporate Power program at the Roosevelt Institute & Member of the Congressional Oversight Commission joins Yahoo Finance’s On The Move panel to break down the importance of the CARES ACT.
Shares of Genius Brands International Inc. soared 46% on very heavy volume in afternoon trading Tuesday, putting them on track for the highest close since September 2017. Volume shot up to 154.2 million shares, well above the full-day average of 31.2 million, and enough to make the stock the most actively traded on major U.S. exchanges. The stock has now rocketed more than 12-fold (up 1,127%) in the past month, while the S&P 500 has gained 8.2%. The company is a kids media company, with shows including "Stan Lee's Superhero Kindergarten," "Rainbow Rangers" and "Llama Llama." After Friday's close, the company disclosed that it regained compliance with the Nasdaq's minimum bid price listing standard, and on Thursday the company disclosed a registered direct offering of 20 million shares of common stock to the public at a price of $1.50 to raise $30 million. That came less than two weeks after the company announced a registered direct offering of 7.5 million shares at $1.20 a share to raise $9 million. Separately, the latest data from Nasdaq showed that short interest, or bearish bets on Genius Brands' stock, jumped to a record of about 3.07 million shares according to FactSet, representing 7.5% of the public float.
(Bloomberg) -- Most 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 fell for a fourth straight day.Two shares rose on the S&P 500 Index for every one that fell. Tech shares underperformed, with drops for Facebook Inc. and other industry titans. 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 0.3% as of 3:19 p.m. New York time.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 $1.1165.The British pound gained 0.4% to $1.2537.The Japanese yen weakened 1.1% to 108.73 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 3.7% to $36.75 a barrel.Gold fell 0.6% to $1,729.19 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.
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.
U.S. stock benchmarks are higher Tuesday afternoon, as investors train 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.
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.
Technically speaking, the U.S. benchmarks’ bigger-picture backdrop continues to strengthen amid market rotation, writes Michael Ashbaugh.
Here's why stocks continue to be in rally mode despite the horrors sweeping America right now.
Tuesday morning brought some choppiness to Wall Street, as market participants tried to weigh countervailing factors against each other. Two very different winners today were RH (NYSE: RH) and Western Union (NYSE: WU), and although they serve different target demographics, they're both moving forward strategically to try to take advantage of opportunities they see in their respective markets. Shares of luxury retailer RH climbed more than 10% Tuesday morning.
Stocks were sharply mixed early Tuesday in the wake of President Trump's comments. Zoom Video will report after the close.
Our call of the day from economics professor Tim Duy says a threat by President Trump to send troops to the streets of the U.S. could backfire badly for equities.
U.S. stocks posted modest gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on lifting lockdown restrictions and signs of economic recovery. Cyclical stocks like financials and industrials gave the biggest lift to the S&P 500 and the Dow, while tech shares boosted the Nasdaq. "There is that rotation going on as traders add more risk to their portfolios with securities that have been beaten up and should benefit as the economy recovers," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.
U.S. stocks mostly rose Tuesday, looking to extend the previous session's gains as investors appeared to focus on the reopening of the economy while looking past the civil unrest gripping the nation. The S&P 500 was up 0.3% to 3,063. The Dow Jones Industrial Average advanced 127 points, or 0.5%, to 25,602. The Nasdaq Composite was down less than a point to 9,552. Wall Street mostly focused on the U.S.'s steady efforts to remove lockdown measures implemented to stem the spread of the COVID-19 pandemic. But the potential for additional turmoil could overshadow markets as President Donald Trump threatened to deploy military troops across cities facing protests.
Benchmarks closed in the green on Monday as signs of economic rebound overshadowed civil unrest amid coronavirus pandemic and rising U.S.-China tensions.
Dow Jones futures were up early Tuesday. Tech giants Apple, Netflix and Tesla were in new buy zones, while Domino's Pizza broke out.
The stock market rally continues Tuesday despite a lot of headwinds—protests, virus, unprecedented job loss and the potential policing of American cities by U.S. military personnel just to name a few.
The rally in technology stocks has been aiding the Nasdaq Composite for the last two months. Here we choose five technology stocks that are well poised to grow as the U.S. economy partially reopens.
Investors enjoyed modest gains on Wall Street to start the new week, with the markets reacting favorably to a lack of news on the geopolitical front. The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) were all up in the neighborhood of half a percent. Amyris (NASDAQ: AMRS) and Coty (NYSE: COTY) aren't household names, but they made their shareholders a lot happier today.
U.S. stocks booked modest gains Monday, after retracing losses earlier in the session, as the potential for an economic rebound overshadowed strife in American cities that has led to chaos and curfews.
The Dow Jones was led by Boeing stock Monday, but small caps and the Nasdaq composite delivered another day of outperformance.