Investors are worried about the impact of a new coronavirus variant, omicron, about which little is known yet.
Wall Street
Posted inBusiness, Nation & World
Stocks drop the most since May on worries over China, the Fed
Worries about debt-engorged Chinese property developers – and the damage they could do to investors worldwide if they default – are rippling across markets.
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In Robinhood’s Wall Street debut, its stock tumbles, swings sharply
Robinhood has created plenty of passion, and its polarizing effect played out Thursday, as its shares careened from a gain of 5.9% to a loss of 12.2% within their first hour of trading.
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Virus fears rattle markets, send stocks into skid as Dow closes down 2.1%
Airlines and stocks of other companies that would get hurt the most by potential COVID-19 restrictions were taking some of the heaviest losses, similar to the early days of the pandemic in February and March 2020.
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Wall Street ends higher after shaking off a wobbly start
Traders welcomed encouraging data on the pace of layoffs and how powerfully the economy rebounded during the summer from its coronavirus-induced coma.
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Tech slump sends stock market to its biggest loss since June
Investors will be paying close attention Friday when the Labor Department releases its August job report.
Posted inBusiness, Nation & World
Stocks climb, extending gains and notching record for Nasdaq
Stocks that would benefit most from an economy that’s growing again were rising the most.
Posted inBusiness, Nation & World
A late slump leaves stock market lower after a choppy day
Losses in banks, health care stocks and household goods companies accounted for a big portion of the selling.
Posted inBusiness, Nation & World
U.S. stocks rally on hopes for vaccine and economic recovery
Stocks were already headed for a higher opening on Wall Street on Monday when a drug company announced encouraging results in very early testing of an experimental coronavirus vaccine.
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Stocks manage modest gains but still end lower for the week
The S&P 500 rose 0.4% after falling 1.3% earlier in the day as investors weighed more grim data showing how badly the coronavirus pandemic is crippling the economy.