Category: Market

Stock Market News for Jul 1, 2020 – July 1, 2020

Benchmarks closed higher on Tuesday and booked its biggest quarterly percentage gain in nearly 20 years. Investors cheered positive economic data and overlooked rising new coronavirus cases in multiple U.S. states.

The Dow Jones Industrial Average (DJI) rose 217.08 points, or 0.9%, to close at 25,812.88 and the S&P 500 gained 47.05 points, or 1.5% to close at of 3,100.29. The Nasdaq Composite Index closed at 10,058.77, gaining 184.61 points, or 1.9%. The fear-gauge CBOE Volatility Index (VIX) decreased 4.3%, to close at 30.43. Advancing issues outnumbered declining ones for 2.02-to-1 ratio on the NYSE and a 2.09-to-1 ratio on

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Stocks rise, Boeing leads Dow higher

Wall Street rallied Monday, with all three indexes jumping by over 1%, after new housing data showed a record monthly gain in pending home sales and momentarily offsetting rising fears about new coronavirus cases that are jeopardizing an economic rebound.

[Click here to read what’s moving markets heading into Tuesday, June 29]

The estimates-topping economic data helped assuage fears over the economic damage from the pandemic. In the past week, a rising number of states across the country have retreated from the gradual relaxation of lockdowns, in an effort to curb increases in COVID-19 infections.

Shares of Boeing

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Stock futures drop after California joins Florida, Texas in re-closing bars over virus surge

Stock futures sank Sunday evening as a rising number of states across the country reimposed social distancing standards to try and curb increases in coronavirus case counts.

The overnight moves came following a selloff Friday, with the Dow ending lower by more than 700 points, or 2.3%. The risk-off mood was spurred after cities and states hit with a resurgence of coronavirus infections tightened social distancing standards and reversed reopening processes already under way, further disrupting business activity.

More cities rolled back reopening plans over the weekend. California Governor Gavin Newsom said Sunday that the state was ordering bars

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There’s a wave of selling estimated to be in the billions that’s about to hit the stock market

A jogger passes in front of the New York Stock Exchange (NYSE) in New York, on June 17, 2020.

Michael Nagel | Bloomberg | Getty Images

With the S&P 500 up more than 21% for the quarter so far, strategists are handicapping the likelihood that pensions and other funds and investors will sell some of their big stock market gains and buy bonds in the course of the next week.

Estimates of how much could move out of the stock market are wide ranging and JPMorgan analysts say if stocks lose ground as a result, it would be a buying

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Market News 2020 – AOL Video Search Results

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