Australia  

Dow surges 1,000 points

Video Credit: Reuters Studio - Duration: 01:08s - Published
Dow surges 1,000 points

Dow surges 1,000 points

U.S. stocks staged a frantic, across-the-board rally Monday, lifted by hopes that the coronavirus outbreak could soon level off in some hard-hit areas.

Fred Katayama reports.

A frantic rally at the market open Wall Street Monday.

The Dow shot up more than 1000 points boosted by hopes that the coronavirus outbreak could soon level off in the hardest hit areas.

Defensive sectors like utilities and consumer staples led the rally, lifting the blue chip index 5% in early trading.

The S&P 500 and Nasdaq jumped more than 4%.

Interest-sensitive bank stocks Citigroup, Bank of America and JPMorgan Chase were among the big gainers, tracking the rise in Treasury yields.

Separately, JPMorgan Chase CEO Jamie Dimon wrote in his annual letter to shareholders that he sees a "bad recession" in 2020.

Zoom didn't participate in the rally, dropping sharply.

Shares of the videoconferencing app fell on security concerns and increased competition from deep-pocketed rivals.

Despite the market rebound, analysts warned against saying the steep sell-off was over.

During the 2007-2008 financial crisis, the S&P 500 took months to establish a bottom.




You Might Like


💡 One News Page Knowledge: Other News Mentions

Dow Jones Industrial Average Dow Jones Industrial Average American stock market index

Dow, S&P pull back from record highs [Video]

Dow, S&P pull back from record highs

The S&P 500 and Dow closed lower Wednesday as mounting U.S. layoffs in the wake of new lockdowns to contain surging COVID-19 infections dampened investor risk appetite. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:38Published
Slack Spikes 32%, Reports Of Takeover By Salesforce [Video]

Slack Spikes 32%, Reports Of Takeover By Salesforce

Slack rocketed as much as 32% higher on Wednesday after Dow Jones reported Salesforce.com is in talks to acquire the workspace-communications company. Such a deal would likely value Slack at more than the $17 billion market cap it held before shares jumped. There's no guarantee the talks will lead to a takeover, and Salesforce could target another company for an acquisition, sources familiar with the matter told Dow Jones.

Credit: Wochit News    Duration: 00:32Published
Slowing labor market recovery weighs on stocks [Video]

Slowing labor market recovery weighs on stocks

The S&P 500 and the Dow retreated Wednesday as a surprise rise in weekly jobless claims added to signs the recovery of the labor market was stalling amid a surge in COVID-19 infections. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:41Published
Global stocks hit record highs [Video]

Global stocks hit record highs

Global shares reached record highs on Wednesday after the Dow Jones broke 30,000, with investors relieved at the prospect of a smooth handover of power after the U.S. presidential election and confident a COVID-19 vaccine would soon be ready. Francis Maguire reports.

Credit: Reuters Studio    Duration: 01:35Published
Vaccines, Biden drive Dow, S&P to record highs [Video]

Vaccines, Biden drive Dow, S&P to record highs

U.S. stocks rallied on Tuesday and the Dow breached the 30,000 level for the first time, as investors anticipated a 2021 economic recovery thanks to coronavirus vaccine progress and the formal clearance for President-elect Joe Biden's transition to the White House. Conway G. Gittens reports.

Credit: Reuters Studio    Duration: 02:00Published

Jamie Dimon Jamie Dimon CEO of JPMorgan Chase

Jamie Dimon slams 'childish' politicians [Video]

Jamie Dimon slams 'childish' politicians

U.S. politicians are behaving like children by not passing a new stimulus bill that could help Americans whose income has been wiped out by the coronavirus pandemic, JPMorgan Chase & Co Chief Executive Jamie Dimon said on Wednesday at a New York Times conference. Gavino Garay has more.

Credit: Reuters Studio    Duration: 01:38Published

S&P 500 Index S&P 500 Index Stock market index

Dow Jumps 210 Points On Vaccine News From AstraZeneca [Video]

Dow Jumps 210 Points On Vaccine News From AstraZeneca

On Monday, US stocks rose. AstraZeneca said its COVID-19 vaccine candidate demonstrated an average efficacy rate of 70%. This is the third COVID-19 vaccine said to have surpassed the Food and Drug Administration's requirement of 50% effectiveness. S&P 500: 3,580.82, up 0.7% Dow Jones industrial average: 29,473.41, up 0.7% (210 points) Nasdaq composite: 11,929.04, up 0.6%

Credit: Wochit News    Duration: 00:37Published
Wall Street rallies on vaccine trial results [Video]

Wall Street rallies on vaccine trial results

The Dow jumped more than 800 points and the S&P 500 ended higher but closed just shy of a record on Monday as investors bet that a full economic reopening was finally in sight following the first positive data from a late-stage COVID-19 vaccine trial. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:39Published
Netflix Drops 9% After Vaccine News [Video]

Netflix Drops 9% After Vaccine News

On Monday, phrama giant Pfizer revealed positive COVID-19 vaccine news. The news sent shares of stay-at-home stocks like Netflix plummeting on Monday. Netflix itself fell as much as 9%, even as major indexes like the S&P 500 and Dow Jones industrial average soared to record highs. Consumers flocked to entertainment alternatives amid the lengthy stay-at-home orders. Netflix saw a spike in subscribers due to the COVID-19 pandemic.

Credit: Wochit News    Duration: 00:29Published

Wall Street Wall Street Street in Manhattan, New York

Tesla's Market Value Tops $500 Billion [Video]

Tesla's Market Value Tops $500 Billion

Tesla may be the new kid on the block in the auto industry, but it's quickly become a big kid on Wall Street. The electric-car maker's shares continued to climb more than 4% on Tuesday. This increases the company's total market value above $500 billion for the first time. The milestone comes on the heels of a banner year for Tesla's stock, says CNN. Tesla recently upgraded facility now has the capacity to build 500,000 Model Y and Model 3 sedans a year.

Credit: Wochit News    Duration: 00:39Published
Wall Street dips on fading stimulus prospect [Video]

Wall Street dips on fading stimulus prospect

Wall Street's main indexes dipped on Friday as fears grew over fading stimulus and the blow to the economy from increasing coronavirus infections. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:32Published
Wall Street dips on fading stimulus concerns [Video]

Wall Street dips on fading stimulus concerns

Wall Street's main indexes dipped on Friday as fears grew over fading stimulus and the blow to the economy from increasing coronavirus infections. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:32Published
Target results crush Wall Street's forecasts [Video]

Target results crush Wall Street's forecasts

Target blew past Wall Street expectations for quarterly profit and sales on Wednesday as more Americans used the big-box retailer's quick delivery services to buy everything from electronics to home goods during the COVID-19 pandemic. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:17Published

NASDAQ NASDAQ American stock exchange

Nasdaq ends higher with tech back in favor [Video]

Nasdaq ends higher with tech back in favor

The Nasdaq closed higher on Wednesday as investors switched back to technology stocks and away from economically sensitive sectors as they weighed COVID-19 vaccine progress against a virus surge and likely timing for a economic rebound. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:18Published
Tech stocks drag down Nasdaq [Video]

Tech stocks drag down Nasdaq

The Nasdaq closed lower on Tuesday as investors sold off technology stocks that benefited from virus lockdowns and favored the sectors that suffered most during the pandemic on optimism that a COVID-19 vaccine would turn around the economy. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:26Published
Wall Street jumps on bets for split Congress [Video]

Wall Street jumps on bets for split Congress

U.S. stocks jumped on Thursday, as investors bet Republicans would retain control of the Senate and block any major policy changes under a possible Joe Biden White House that could dampen corporate profits. Fred Katayama reports.

Credit: Reuters - Politics    Duration: 01:34Published
Airbnb to make IPO filing next week -sources [Video]

Airbnb to make IPO filing next week -sources

Airbnb plans to make its IPO registration public next week, putting it on course for a New York stock market debut in December even as the COVID-19 pandemic intensifies, two people familiar with the matter said on Thursday. Fred Katayama reports.

Credit: Reuters - Politics    Duration: 00:58Published

Bank of America Bank of America American multinational banking and financial services corporation

Former Bank Of America Analyst Charged $21,000: Corporate Card At 'Adult Venue' [Video]

Former Bank Of America Analyst Charged $21,000: Corporate Card At 'Adult Venue'

Reuters A former Bank of America analyst charged over $20,000 to his corporate card at an "adult venue," a complaint from the securities industry self-regulator FINRA filed Friday alleges. The former employee still has not paid the firm back and said that his card was stolen, the complaint said. But a recording of the employee phoning his corporate card's call center shows otherwise, the complaint alleged. Visit Business Insider's homepage for more stories.

Credit: Wochit News    Duration: 00:32Published
JPMorgan pledges $30 billion to address racial wealth gap [Video]

JPMorgan pledges $30 billion to address racial wealth gap

JPMorgan Chase & Co said on Thursday it would commit $30 billion to address racial inequality over the next 5 years, marking one of the largest corporate pledges related to race since the death of George Floyd. Freddie Joyner has more.

Credit: Reuters - Politics    Duration: 01:13Published

Fred Katayama

G20 to pledge to pay for fair access to vaccines [Video]

G20 to pledge to pay for fair access to vaccines

Leaders of the world's 20 biggest economies on Sunday will pledge to pay for a fair distribution of COVID-19 vaccines, drugs and tests around the world so that poorer countries are not left out, and to extend debt relief to them, a draft G20 communique showed. Fred Katayama reports.

Credit: Reuters - Politics    Duration: 01:11Published
Wisconsin governor renews mask mandate [Video]

Wisconsin governor renews mask mandate

Wisconsin's governor on Friday extended a statewide mask mandate despite a legal challenge from conservatives, renewing an emergency health order requiring face coverings in public spaces to curb an alarming surge in COVID-19 infections. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:05Published

JPMorgan Chase JPMorgan Chase American multinational banking and financial services holding company

Meet Siqi Mou, the founder who is using artificial intelligence to redefine skincare [Video]

Meet Siqi Mou, the founder who is using artificial intelligence to redefine skincare

In this episode of #SiliconValley2.0, hosted by Sabrina Halper, we bring you a conversation with HelloAva co-founder Siqi Mou. Born in China, Siqi moved to California to attend Stanford University. After graduating, she worked at JP Morgan and was an on-air anchor for Bloomberg Indonesia. Eventually, she found herself back at Stanford for business school. It was there, as part of a class project, that she began to work on the idea behind HelloAva. HelloAva Inc is a tech-enabled beauty personalization startup which combines artificial intelligence and human expertise. This cutting edge, data-driven approach has led them to over 1.6 million skincare consultations. Applying the pillars of modern technology onto the ever-growing beauty industry has helped this start up stand out. In this episode, you can hear about Siqi’s path to her start-up, her insights into the future of the industry, and her personal approach to following her dreams. Silicon Valley 2.0 is a fortnightly series that showcases the next generation of entrepreneurs and businesses that have the potential to scale new heights.

Credit: HT Digital Content    Duration: 16:49Published

Related videos from verified sources

Markets plunge further COVID-19 fears, with Dow closing down more than 870 points [Video]

Markets plunge further COVID-19 fears, with Dow closing down more than 870 points

Markets plunge further COVID-19 fears, with Dow closing down more than 870 points

Credit: Euronews English     Duration: 02:44Published
Wall Street Rises, Oil Gains, Congress Readies Aid [Video]

Wall Street Rises, Oil Gains, Congress Readies Aid

(Reuters) - Wall Street surged on Wednesday as oil prices recovered some ground and Congress looked on course to approve nearly $500 billion more in aid to help small businesses ride out the..

Credit: Wochit Tech     Duration: 00:32Published
Stock Losses Accelerate Tuesday as Dow Falls 650 Points [Video]

Stock Losses Accelerate Tuesday as Dow Falls 650 Points

The market drop gained steam by midday Tuesday. Oil prices remain stuck at historically low levels, while expectedly poor earnings results offer not much positivity.

Credit: The Street     Duration: 01:40Published