Stocks were down nearly 500 points with fears the drop would continue as China's property market worried investors.
Fears of the spreading delta variant of the coronavirus prompted a slide in stocks on Monday. Airlines, hotels, cruise ships, and other tourism-based companies had some of the biggest stock losses.
Billionaires dabbling in space travel could lead to more ripple effects in space stocks—and space ETFs.
The benchmark index climbed 0.13% while the Dow Jones Industrial Average rose 210 points, or 0.61%.
Travel is still down sharply from 2019, before the pandemic, but more than 1 million people have gone through U.S. airport checkpoints each of the last four days. Airline stocks rose across the board.
Investors turned their focus to another wild surge in GameStop and a handful of other stocks favored by online investors.
The parents of Alex Kearns, 20, say he thought he had lost $730,000 when he took his own life. They are now suing Robinhood Financial, claiming the popular stock-trading platform’s business practices "directly" led to their son’s death.
AOC isn't having any of Cruz's purported bipartisanship over the GameStop stock battle because the GOP isn't being held accountable for the Capitol riot.
Robinhood and other online trading platforms moved to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors.
Trading volume has surged in shares of GameStop, AMC Entertainment, as well as Bed Bath & Beyond and BlackBerry, stunning Wall Street firms betting that those stocks would fall.
The Reddit-fueled stock rise of GameStop has alarmed hedge funds.
Wall Street professionals were counting on GameStop’s stock price to plunge - but an army of smaller investors rallied on Reddit to beat the pros and support the struggling retail chain.
U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.
The Dow Jones Industrial Average traded above 30,000 points for the first time on Nov. 24 as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.
The numbers underscore how the coronavirus pandemic is worsening and threatening to drag the economy lower, at least in the near term.
The Dow Jones Industrial Average rose 400 points or 1.37%, while the S&P 500 gained 1.36% closing at a fresh record. The Nasdaq Composite ticked up by 1% recovering late in the session.
Markets are banking on Tuesday's election leading to split control of Congress, which could mean low tax rates, lighter regulation on businesses and other policies that investors like remain the status quo.
Much of Wednesday's strength for Wall Street was due to big gains for technology stocks. Investors have increasingly seen these stocks as some of the safer bets in the market, able to grow their profits even in a pandemic as more of daily life shifts online.
The stock market had its worst day in a month as virus cases surge and help for the economy from Washington remains nowhere in sight.
U.S. equity futures plunged by more than 1.6%, or 500 Dow points after President Trump confirmed through a tweet that he and the first lady tested positive for coronavirus.