72.6 F
New York
Monday, July 6, 2020
According to Envestnet Yodlee, a data aggregation and software company, trading stocks was one of the most common designations for Americans across all income brackets who received the federal government’s stimulus check. Wage earners who made between $35,000 and $75,000 a year were more...
Online brokers say new accounts spiked during the first quarter as the stock market went south. But, the action was from a surprising group of investors - newer and younger investors who have very little experience in dealing with equities. Charles Schwab and TD...
As good news from Gilead Sciences about a possible coronavirus treatment hit the airways, stocks may end their best month in many decades. The S&P 500, in particular, is on track for its best performance since 1974. This, in spite, of sharp declines in economic activity within...
In a volatile session of trading, stocks fell on Tuesday with big tech stocks zapping the light of a 4-day rally spurred by news of the possible reopening of the economy. On Monday, the Dow closed higher than 24,000 for the first time since...
As the coronavirus pushes much of the world’s economy online, Stripe, a software company that allows businesses to accept payments via the internet, is reaping the rewards and staying ahead of the game. The company recently raised $600 million in its latest funding round, effectively boosting its...
During early trading on Monday, the Dow rallied 1,000 points, a stark difference from the sell-off from late last week. Wall Street’s rebound saw the Dow more than 4 percent higher by Monday morning, while the S&P 500 was 4.6 percent higher and the Nasdaq gained 4.5...
After a volatile week on Wall Street, stocks temporarily recovered from a bear market, posting three straight days of gains, only to fall on Friday.  But, stocks still finished higher for the week.  The Dow fell 915.39 points on Friday, or 4.1 percent and...
On Monday, stocks fell 3 percent as the Senate failed for a second time to push through a stimulus to help Americans deal with the economic fallout of the coronavirus. Lawmakers are still trying to come up with a solution, but in the meantime,...
Federal Reserve rate cuts are making some investors nervous. Bank shares, in particular, have taken a hard hit since interest rates were slashed by a half of a percentage point earlier this week. Bank of America shares fell by 5.5 percent, JP Morgan...
As the stock market rallied on Monday, the free-trading platform Robinhood was absent from the excitement. The app was down on Monday and again on Tuesday, leaving its members unable to make exchanges during the outage. The company acknowledged that it experienced a "system-wide outage" that affected...