Futures tick higher as investors hold out for recovery

(Reuters) – U.S. stock index futures edged higher on Thursday after data pointed to a declining trend in weekly jobless claims, with investors also weighing the risk of another business shutdown as U.S. COVID-19 cases soared. The Labor Department’s most timely data on the economy showed 1.31 million Americans filed

S&P 500 ends best quarter since 1998 on a high note

NEW YORK (Reuters) – The S&P 500 rallied on Tuesday to finish higher and secure its biggest quarterly percentage gain in more than two decades as improving economic data bolstered investor beliefs that a stimulus-backed rebound for the U.S. economy was on the horizon. Coming off a drop of 20%

Stock futures fall on virus fears ahead of jobless claims

(Reuters) – U.S. stock futures fell further on Thursday following Wall Street’s worst day in two weeks, as risk appetite took a hit from an alarming rise in new coronavirus cases and on expectations of elevated weekly jobless claims. Data due at 8:30 a.m. ET is expected to show about

Wall Street tumbles on rising virus cases, grim economic forecast

(Reuters) – U.S. stocks fell sharply on Wednesday as a surge in coronavirus cases in the United States fanned fears of a fresh lockdown, with worsening forecasts of the economic damage from the pandemic further denting sentiment. The United States has recorded the second-largest rise in infections since the health

Wall Street falls sharply after report Apple to shut some stores again

(Reuters) – Wall Street’s main indexes slipped into the red in volatile trading on Friday as a report said Apple Inc (AAPL.O) would shut some of its U.S. stores again in Arizona, Florida, North Carolina and South Carolina due to a spike in COVID-19 cases. At 12:18 a.m. ET, the

S&P 500, Dow struggle for direction after three-day rally

(Reuters) – The S&P 500 and the Dow edged lower in choppy trading on Wednesday as a record rise in coronavirus cases in six U.S. states dented sentiment following a three-day rally on hopes of a swift recovery from a coronavirus-driven downturn. Arizona, Florida and Oklahoma were among the states

Fears of fresh virus wave hit Wall Street, S&P 500 slips below 3,000 points

(Reuters) – Wall Street’s main indexes slumped with the S&P 500 falling below 3,000 points on Monday after a spike in new coronavirus cases in China and parts of the United States dampened hopes of a swift economic recovery. Battered shares of U.S. airlines, casino operators and cruise operators were

Wall Street plunges to close with biggest one-day loss since mid-March

NEW YORK (Reuters) – Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve. All three major U.S. stock indexes were down about 5%, posting their worst day since mid-March, when markets were sent into

Nasdaq rises to record again on economic recovery hopes

(Reuters) – U.S. stocks rose on Monday with the Nasdaq hitting a new intraday high after a surprisingly upbeat jobs report last week raised expectations of a swift recovery from a coronavirus-driven downturn. If the Nasdaq closes at an all-time high above 9,817.18 set on Feb. 19, it would confirm

Wall Street set to open higher on surprise drop in unemployment rate

(Reuters) – The S&P 500 and Dow Jones indexes were set to jump at the open on Friday after a closely watched report showed a surprise drop in the U.S. unemployment rate, lending weight to hopes of a faster economic rebound from a coronavirus-driven slump. The unemployment rate unexpectedly fell