Tag: November

Stock Market News for Nov 2, 2020 – November 2, 2020

U.S. stock markets closed lower on Friday, reversing gains from the previous day as COVID-19 cases continued to mount across the United States and Europe. Moreover, investors also remained in the sidelines ahead of the upcoming presidential election on Nov 3. All three major stock indexes ended the day in red.

How Did The Benchmarks Perform?

The Dow Jones Industrial Average (DJI) plunged 0.6%, or 157.5 points, closing at 26,501.60, reversing its gains from Thursday. Notably, 17 components of the 30-stock index ended in red while 13 finished the day in green. The blue-chip index is 7.1% below to become

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Surprise rebound after November dip

Shoppers make their way through Grand Coastal Mall on Black Friday, as the coronavirus disease (COVID-19) pandemic continues, in Myrtle Beach, South Carolina, U.S., November 27, 2020.

Micah Green | Reuters

Procrastinating shoppers found they couldn’t avoid the mall during the holidays.

A data analysis released this week by Placer.ai shows how shopper visits to malls have ebbed and flowed amid the Covid pandemic. The research firm, which uses cellphone data to track consumer behavior, studied foot traffic at more than two dozen “top-tier” malls across the country over the span of the year.

Visits to the malls tracked,

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Stock Market News for Nov 27, 2020 – November 27, 2020

The Dow and the S&P 500 closed in the red on Wednesday after rise in weekly jobless claims underscored that the recovery in labor market is slowing, as well as a surge in new coronavirus cases. However, the Nasdaq booked its first record close in three months with rally in major technology stocks. Markets remained closed on Thursday on account of Thanksgiving Day and will close g early on Friday.

The Dow Jones Industrial Average (DJI) declined 173.77 points, 0.6%, to close at 29,872.47 and the S&P 500 slid 5.76 points, 0.2%, to close at 3,629.65. The Nasdaq Composite Index

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Stock Market News for Nov 17, 2020 – November 17, 2020

Wall Street closed sharply higher on Monday buoyed by positive developments on coronavirus treatment front. Hopes for a vaccine in near future significantly strengthened market participants’ confidence on risky assets like equities. All the three major stock indexes ended in green.

How Did The Benchmarks Perform?

The Dow Jones Industrial Average (DJI) jumped 1.6% or 470.63 points to close at 29,952.22. This was the blue-chip index’s fresh highest closing since Feb 12. During intraday trading, the index recorded a new all-time high at 29.964.29 for the first time since Nov 9. Notably, 26 components of the 30-stock index ended in

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Stocks hit fresh record highs, extending November rally

Stocks rose Tuesday, and each of the three major indices hit fresh intraday records, as traders looked to extend November’s sharp advance.

[Click here to read what’s moving markets heading into Wednesday, Dec. 2]

Both the S&P 500 and Nasdaq each also hit record closing highs after jumping by more than 1.1% each. The tech-heavy communication services and financials sectors led the day’s advances in the S&P 500.

Equities kicked off the final month of 2020 with momentum from a record November, during which each of the three major indices made fresh record highs, and the Dow posted its

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