The Dow joined the S&P 500 and the Nasdaq in setting new record highs on Monday.
But investors were far from jumping into the market with both feet as gains were modest across the board.
Economic data may have limited the rally.
U.S. factory orders saw a bigger-than-expected drop in September, in a sign the manufacturing sector remains weak.
On the flip side, Wall Street was upbeat on hopes the so-called phase one trade deal between the U.S. and China was moving along.
Commerce Secretary Wilbur Ross added to optimism by hinting over the weekend that U.S. companies may soon be able to sell components to Chinese telecom giant Hauwei, lifting a ban that's been in place since May.
Suppliers to Huawei, particularly semiconductors were strong on the back of that news.
Sticking with company news: shares of McDonald's fell after CEO Steve Easterbrook, the architect of much of the fast-food giant's recent success, was fired for having a consensual relationship with an employee.
Meanwhile, shares of Under Armour had their worst day in two years.
Not only did the company lower its full-year guidance, it confirmed it's the target of a federal probe into its accounting.
U.S. stocks rallied on Tuesday with the Nasdaq snapping a five-day losing streak as investors bet there would be a soon-to-emerge agreement on an economic stimulus package. Netflix posted disappointing quarterly results. Conway G. Gittens has more.
Wall Street's main indexes ended higher Wednesday to snap a three-session losing streak as investors jumped back in to take advantage of the pullback in technology-related stocks, a day after the Nasdaq confirmed correction territory. Fred Katayama reports.
On Wednesday, Tesla shares rallied as much as 10%. The rally added about $32 billion in market value to the company. Other tech stocks like Apple, Amazon were also in the green after the Nasdaq tumbled a record 10% in three trading days. On Tuesday, Elon Musk's Tesla saw its stock price plunge 21%, erasing $82 billion from its market capitalization. Business Insider reports that Tesla completed a $5 billion share sale and a five-for-one stock split last week.
U.S. stocks closed lower for a third straight session Tuesday as tech stocks extended their sell-off to send the Nasdaq into correction territory, while Tesla suffered its biggest daily percentage drop after the stock was passed over for inclusion in the S&P 500. Fred Katayama reports.
As the Nasdaq fell 5% intraday Thursday, Crossmark Global Investments' Victoria Fernandez, who last month advocated trimming positions on big cap tech stocks, says the market may have further to drop. She tells Reuters' Fred Katayama investors should later buy consumer staples, utility, and energy stocks.
The Dow and S&P 500 fell on lackluster earnings, election worries and rising COVID-19 cases worldwide, but tech stocks fared better and had positive news after the close when Microsoft topped sales forecasts. Conway G. Gittens has the market action.
Getty Images US stocks extended losses into Monday's close as a lack of stimulus progress cut into hopes for a pre-election deal. House Speaker Nancy Pelosi expedited talks on Sunday, setting a 48-hour deadline for the White House and Democrats to ink a deal. She later told Democrats that significant obstacles in reaching a compromise remain. Even if an agreement is reached, the bill is set to die in the Senate as Republicans push a $500 billion measure.
The S&P 500 posted a nominal gain on Friday as further clarity regarding the timeline for the development of a coronavirus vaccine and much better-than-expected retail sales data brought buyers back to the market. Fred Katayama reports.
Wall Street's main indexes hit their lowest in nearly seven weeks Monday as concerns about fresh coronavirus-driven lockdowns and the inability of Congress to agree on more fiscal stimulus raised fears about another hit to the domestic economy. Fred Katayama reports.
U.S. stocks tumbled on Monday, with the S&P 500 posting its biggest daily decline in four weeks, as soaring coronavirus cases and uncertainty about a fiscal relief bill in Washington dimmed the outlook for the U.S. economic recovery. This report produced by Yahaira Jacquez.
Stock market analysts always worry around the time of a Presidential election. The markets can react unpredictably when a certain candidate gets elected. According to Stifel the S&P 500 will sell off initially if the Senate or Presidency remains Republican after the election. Business Insider reports that a note from Stifel says the S&P may fall following this election outcome. With the Republicans in charge hopes of a large fiscal stimulus will fade.
The S&P 500 ended lower on Thursday after a rise in weekly jobless claims compounded worries about a stalling economic recovery and fading hopes for more fiscal aid before the election. Fred Katayama reports.
The U.S. Supreme Court on Tuesday blocked a lower-court ruling that had ordered the country's decennial population count be continued until Oct. 31. The Census Bureau said on Aug. 3 that it would wind down data collection by Sept. 30, a month earlier than originally scheduled. This report produced by Chris Dignam.
On Friday, a federal judge ordered the Trump administration to continue the Census until October 31. In an early decision, Judge Lucy Koh wrote in no uncertain terms that the Census count had to continue. Commerce Secretary Wilbur Ross said the count would end Monday, October 5th. Judge Koh said Ross' directive was an "egregious violation" of her order. She faulted the administration with "chaotic, dilatory, and incomplete compliance with the Injunction Order."
The US will ban the use of WeChat on Sunday to “safeguard the nationalsecurity of the United States”. The Chinese app TikTok will also be banned byNovember 12, but US Commerce Secretary Wilbur Ross said early on Friday onCNBC that access to that app may be possible if certain safeguards are inplace.
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The British parliament's defence committee said on Thursday it had found clear evidence that telecoms giant Huawei had colluded with the Chinese state and said Britain may need to remove all Huawei equipment earlier than planned. Megan Revell reports.
Samsung Electronics' third-quarter profit likely jumped 58% to its highest in two years, beating estimates from analysts who pinned the rise on smartphone sales recovery and a rush order of chips from Huawei. Gloria Tso reports.
Wall Street banks and their employees have been leaning further left in recent years, increasing the proportion of cash allocated to Democrats. Democratic presidential nominee Joe Biden has dramatically outpaced Republican President Donald Trump in raising funds from the banking industry ahead of the Nov. 3 election. Rosanna Philpott explains why.
Wall Street lost ground on Tuesday, with halted COVID-19 vaccine trials and an elusive U.S. stimulus agreement weighing on sentiment as third quarter earnings season got underway. Fred Katayama reports.
Business Insider reports that McDonald's franchisees are optimistic about the future of the business. The franchisees optimism is higher than it has been in years, according to Kalinowski Equity Research's quarterly survey. McDonald's sales have been driven by speciality meals and new items like Spicy McNuggets. The fast-food giant has also profited from sit-down restaurants' struggles.
Business Insider reports roughly 34,000 current and former McDonald's fast-food workers in California are due a check for as much as just under $4000. McDonald's has agreed to settle with workers for a total of $26 million in a case originally filed in 2013, over wage theft by the company. Workers say the company engaged in illegal practices in various ways.
The Dow has hit 28,000. Jeff Marks, senior portfolio analyst with Action Alerts PLUS, talked to TheStreet about the Dow hitting the record high and whether or not the market can sustain these all-time..