Tag: Market

Stock Market News for Aug 31, 2020

by  on  in Market

Wall Street closed higher on Friday buoyed by Fed Chairman’s speech on the previous day and better-than-expected economic data. All three major stock indexes ended in the green. For the week as a whole, U.S. stock markets witnessed  impressive rally.

How Did The Benchmarks Perform?

The Dow Jones Industrial Average (DJI) rose 0.6% or 161.60 points to close at 28,653.87.73, maintaining its winning streak for three successive days. Notably, 21 components of the 30-stock index ended in the green while 9 finished in red. The blue-chip index closed in positive territory year to date for the first time since Feb

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Stock Market News for Mar 31, 2020

by  on  in Market

Benchmarks gained on Monday, boosted by healthcare companies that are trying their best to bring the pandemic to a halt. Investors were hopeful as they considered the efforts of governments and healthcare companies worldwide to slow the virus’ spread. To be specific, orders of extended lockdown by President Donald Trump on Mar 29 appeared to have a positive impact on investors’ sentiment.  

The three major indices— the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite — closed in the green on Monday. The Dow Jones Industrial Average closed at 22,327.48 after gaining3.2%, the broader S&P 500 reached 2,626.65 after

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Stock Market News for May 26, 2020

by  on  in Market

U.S. stocks ended mostly mixed on May 22, as investors tried to fathom the extent of U.S.-China tensions that rose earlier in the week. Economic recovery from the ongoing coronavirus pandemic also threw investors in frenzy, as they tried to speculate how fast it might be. However, there was also positive news regarding the coronavirus vaccine trials that boosted investors’ spirit. U.S. stock exchanges were closed on Monday for the Memorial Day holiday.

The Dow Jones Industrial Average closed at 24,465.16 after declining0.04%, the broader S&P 500 reached 2,955.45 after increasing0.2% and the tech-laden Nasdaq Composite hit 9,324.59after inching0.4%higher.

The

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Stock Market Crash 2020: Everything You Need to Know

by  on  in Market

March 9 is quickly becoming a day to remember for investors.

You see, 11 years ago, on March 9, 2009, the stock market would cement its lowest close during the Great Recession. Although there have been a number of hiccups and stock market corrections over the past 11 years, it has nonetheless remained a bull market.

A growling bear in front of a plunging stock chart.

Image source: Getty Images.

Then, yesterday, March 9, 2020, it happened. For the first time since 2008, Wall Street experienced what could be properly coined a “crash.” I’m not a big fan of the overly dramatic, whereby media outlets call a 300-point drop in

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