Market bull Jim Paulsen believes coronavirus hot spots across the country won’t wreck the recovery. According to the Leuthold Group’s chief investment strategist, new cases won’t widely impact the economic reopenings. “At the same time those are having hot spots, New York is being brought back online,” he told CNBC’s “Trading Nation” on Monday. “The
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An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020. ANDREW CABALLERO-REYNOLDS Check out the companies making headlines midday Monday: American Airlines — American Airlines dropped more than 6% to become one of the biggest losers in the S&P 500 after the
A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters This is a live blog. Check back for updates. 7:38 am: Stock futures higher Dow Jones Industrial Average futures were higher by about 100 points. S&P 500 futures and Nasdaq-100 futures were
The “Fearless Girl” statue stands outside the New York Stock Exchange (NYSE) in New York, U.S., on Friday, June 12, 2020. Jeenah Moon | Bloomberg | Getty Images U.S. stock futures fell on Sunday night following a solid weekly performance on Wall Street amid lingering concerns about the coronavirus outbreak. Dow Jones Industrial Average futures
Traders could be in for a wild ride Friday because of a couple technical factors. The S&P 500 will have its first rebalancing of the year at Friday’s close, more than three months after the market’s wild swings forced S&P Dow Jones Indices to delay this traditional quarterly event. Index rebalancing has often been associated
The Federal Reserve is seeing high demand for its business loan initiative put in place to help smaller companies get through the coronavirus-induced recession, Boston Fed President Eric Rosengren said Friday. As the Main Street lending facility wraps up its first full week of operation, Rosengren reported brisk interest on the borrowing side amid what
Traders wearing masks work inside posts, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. Brendan McDermid | Reuters Bluster about bubbles is blowing through Wall Street again, stirring
New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Formal recognition of Juneteenth, a day commemorating the end of slavery in the United States, is gaining traction in corporate America, with a growing number of
The Slack Technologies application is displayed on an Apple iPhone in an arranged photograph taken in Arlington, Virginia, on Monday, April 29, 2019. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines midday Friday: Slack — Shares of Slack Technologies dipped nearly 2% after Goldman Sachs downgraded the business messaging service to sell
The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City. Markets surged today as promising details of a potential COVID-19 vaccine were released and more European countries gradually re-opened after months of lockdown. Spencer Platt | Getty Images The stock market, so eager to put the entire