By NEW YORK (Reuters) - MSCI’s gauge of global stocks and the Nasdaq extended their runs to fresh highs on Tuesday, and oil prices pushed their rally into a seventh straight session as strong earnings and economic recovery prospects buoyed investor sentiment.The S&P 500 and Dow ended slightly lower, however, breaking their six-day streak of gains, as investors rotated out of large-cap tech names into other sectors.Bitcoin climbed to another all-time peak, extending gains in the wake of an endorsement from Tesla Inc.On Wall Street, investors awaited further news on the proposed $1.9...…By NEW YORK (Reuters) - MSCI’s gauge of global stocks and the Nasdaq extended their runs to fresh highs on Tuesday, and oil prices pushed their rally into a seventh straight session as strong earnings and economic recovery prospects buoyed investor sentiment.The S&P 500 and Dow ended slightly lower, however, breaking their six-day streak of gains, as investors rotated out of large-cap tech names into other sectors.Bitcoin climbed to another all-time peak, extending gains in the wake of an endorsement from Tesla Inc.On Wall Street, investors awaited further news on the proposed $1.9...WW…

By NEW YORK (Reuters) - The U.S. dollar bounced on Friday after U.S. job growth for July helped ease some investor worries on the U.S. labor market, but the currency logged a seventh straight week of declines.The U.S. Labor Department’s report showed nonfarm payrolls increased by 1.76 million in July. While that was more than the 1.6 million economists surveyed by Reuters had forecast, it was still sharply lower than the record 4.8 million in June.“The employment report allayed the market’s downside job fears, allowing the Dollar to rally broadly through the N.Y. session,” Ron Simpson,...…By NEW YORK (Reuters) - The U.S. dollar bounced on Friday after U.S. job growth for July helped ease some investor worries on the U.S. labor market, but the currency logged a seventh straight week of declines.The U.S. Labor Department’s report showed nonfarm payrolls increased by 1.76 million in July. While that was more than the 1.6 million economists surveyed by Reuters had forecast, it was still sharply lower than the record 4.8 million in June.“The employment report allayed the market’s downside job fears, allowing the Dollar to rally broadly through the N.Y. session,” Ron Simpson,...WW…

By NEW YORK (Reuters) - Wall Street suffered its biggest drop since the crash of 1987 on Monday after unprecedented steps taken by the Federal Reserve, lawmakers and the White House to slow the spread and blunt the economic hit of the coronavirus failed to restore order to markets.The S&P 500 tumbled 12%, closing at its lowest level since December 2018, despite the Fed’s surprise move late Sunday to cut interest rates to near zero, its second emergency rate cut in less than two weeks and ahead of a scheduled policy meeting on Tuesday and Wednesday.It was the third-largest daily...…By NEW YORK (Reuters) - Wall Street suffered its biggest drop since the crash of 1987 on Monday after unprecedented steps taken by the Federal Reserve, lawmakers and the White House to slow the spread and blunt the economic hit of the coronavirus failed to restore order to markets.The S&P 500 tumbled 12%, closing at its lowest level since December 2018, despite the Fed’s surprise move late Sunday to cut interest rates to near zero, its second emergency rate cut in less than two weeks and ahead of a scheduled policy meeting on Tuesday and Wednesday.It was the third-largest daily...WW…

By (Reuters) - U.S. stocks fell on Wednesday as dismal economic data and first-quarter earnings reports compounded concerns over the extent of damage from the coronavirus outbreak.In further evidence of economic damage from the coronavirus, U.S. retail sales plunged 8.7% in March, manufacturing output dropped by the most in over 74 years and a survey showed manufacturing activity in New York state plunged in April to its lowest in the series’ history.Disappointing bank earnings are adding to worries about prospects for the rest of the corporate reporting period, said Paul Nolte, portfolio...…By (Reuters) - U.S. stocks fell on Wednesday as dismal economic data and first-quarter earnings reports compounded concerns over the extent of damage from the coronavirus outbreak.In further evidence of economic damage from the coronavirus, U.S. retail sales plunged 8.7% in March, manufacturing output dropped by the most in over 74 years and a survey showed manufacturing activity in New York state plunged in April to its lowest in the series’ history.Disappointing bank earnings are adding to worries about prospects for the rest of the corporate reporting period, said Paul Nolte, portfolio...WW…

By (Reuters) - U.S. stocks rose on Friday and also posted gains for the week, boosted by a surge in Boeing shares, President Donald Trump’s plan to reopen the coronavirus-battered economy and hopes of a potential drug by Gilead to treat COVID-19.The Nasdaq added 6.1% for the week and registered its biggest two-week percentage gain since 2001.With no treatments or vaccines currently approved for the coronavirus, the news helped lift global equity markets. But Gilead said the totality of the data from the trial needed to be analyzed, and it expected to report results from a study testing the...…By (Reuters) - U.S. stocks rose on Friday and also posted gains for the week, boosted by a surge in Boeing shares, President Donald Trump’s plan to reopen the coronavirus-battered economy and hopes of a potential drug by Gilead to treat COVID-19.The Nasdaq added 6.1% for the week and registered its biggest two-week percentage gain since 2001.With no treatments or vaccines currently approved for the coronavirus, the news helped lift global equity markets. But Gilead said the totality of the data from the trial needed to be analyzed, and it expected to report results from a study testing the...WW…