Market makes comeback from May losses after promising info on Moderna vaccineU.S. equities banked sharp gains on Monday as news from a biotech company Moderna trial stoked optimism about a potential vaccine. Stocks also got a boost from hopes the economy reopening will spur economic recovery. Here's what happened:The 's rally on Monday pushed the broader-market index above 2,934.49, the 61.8% retracement level from February's record high, for just the second time since March 6 on a closing basis. Staying above that level could give the market some solid footing moving forward, from a...…Market makes comeback from May losses after promising info on Moderna vaccineU.S. equities banked sharp gains on Monday as news from a biotech company Moderna trial stoked optimism about a potential vaccine. Stocks also got a boost from hopes the economy reopening will spur economic recovery. Here's what happened:The 's rally on Monday pushed the broader-market index above 2,934.49, the 61.8% retracement level from February's record high, for just the second time since March 6 on a closing basis. Staying above that level could give the market some solid footing moving forward, from a...WW…

Palumbo: The market rotation into value and smaller cap stocks is for real this timeThe Dow Jones Industrial Average rose to an all-time high on Wednesday, with investors optimistic about the prospects of additional fiscal stimulus as results from the runoff elections in Georgia rolled in.The 30-Dow climbed 437.80 points, or 1.4%, to end the day at 30,829.40, a record. The Dow briefly rose more than 600 points earlier in the session and hit an intraday all-time high. The S&P 500 advanced 0.6% to 3,748.14 and hit an intraday record. The tech-heavy Nasdaq Composite closed lower by 0.6%.11...…Palumbo: The market rotation into value and smaller cap stocks is for real this timeThe Dow Jones Industrial Average rose to an all-time high on Wednesday, with investors optimistic about the prospects of additional fiscal stimulus as results from the runoff elections in Georgia rolled in.The 30-Dow climbed 437.80 points, or 1.4%, to end the day at 30,829.40, a record. The Dow briefly rose more than 600 points earlier in the session and hit an intraday all-time high. The S&P 500 advanced 0.6% to 3,748.14 and hit an intraday record. The tech-heavy Nasdaq Composite closed lower by 0.6%.11...WW…

Key PointsInitial jobless claims drop 19,000 to 787,000The number of people filing for unemployment benefits for the first time unexpectedly fell last week, marking its second straight decline.Initial jobless claims declined by 19,000 to 787,000 in the week ended Dec. 26, the Labor Department said Thursday. Economists polled by Dow Jones expected initial jobless claims to rise to 828,000. The previous week's total for initial claims was upwardly revised by 3,000 to 806,000.Continuing claims, which include those who have received unemployment benefits for at least two straight weeks, fell by...…Key PointsInitial jobless claims drop 19,000 to 787,000The number of people filing for unemployment benefits for the first time unexpectedly fell last week, marking its second straight decline.Initial jobless claims declined by 19,000 to 787,000 in the week ended Dec. 26, the Labor Department said Thursday. Economists polled by Dow Jones expected initial jobless claims to rise to 828,000. The previous week's total for initial claims was upwardly revised by 3,000 to 806,000.Continuing claims, which include those who have received unemployment benefits for at least two straight weeks, fell by...WW…

Wall Street points to a higher open following Thursday's sell-offU.S. stocks rose on Friday as investors bet again on stocks that would benefit from a potentially effective vaccine and economic recovery next year.The advanced 1.4% to 3,585.15, and posted a record closing high. The jumped 399.64 points, or 1.4%, to close at 29,479.81. The advanced 1% to 11,829.29. The , which tracks small-cap stocks, jumped more than 2% to an intraday record, and posted its first all-time closing high since August 2018. Shares of cruise operator Carnival rose more than 7%. United Airlines and Boeing were...…Wall Street points to a higher open following Thursday's sell-offU.S. stocks rose on Friday as investors bet again on stocks that would benefit from a potentially effective vaccine and economic recovery next year.The advanced 1.4% to 3,585.15, and posted a record closing high. The jumped 399.64 points, or 1.4%, to close at 29,479.81. The advanced 1% to 11,829.29. The , which tracks small-cap stocks, jumped more than 2% to an intraday record, and posted its first all-time closing high since August 2018. Shares of cruise operator Carnival rose more than 7%. United Airlines and Boeing were...WW…

As the coronavirus pandemic weighs on its operating earnings and stock price, ramped up its stock repurchasing program even more in the third quarter, nearly doubling the record buyback from the second quarter.Warren Buffett's conglomerate bought back $9 billion of its own stock, it was revealed Saturday in its third-quarter earnings report. That's and brings Berkshire's total buybacks to $15.7 billion for 2020.Berkshire repurchased more than $2.5 billion in Class A shares and about $6.7 billion in Class B stock during the quarter. This blew away the UBS estimate for a total quarterly...…As the coronavirus pandemic weighs on its operating earnings and stock price, ramped up its stock repurchasing program even more in the third quarter, nearly doubling the record buyback from the second quarter.Warren Buffett's conglomerate bought back $9 billion of its own stock, it was revealed Saturday in its third-quarter earnings report. That's and brings Berkshire's total buybacks to $15.7 billion for 2020.Berkshire repurchased more than $2.5 billion in Class A shares and about $6.7 billion in Class B stock during the quarter. This blew away the UBS estimate for a total quarterly...WW…

Big Tech reported earnings — Here's how five market pros are breaking down the numbers, led by major tech shares, as Wall Street wrapped up a difficult week in which coronavirus cases rose, U.S. fiscal stimulus talks broke down and traders braced for next week's presidential election.The closed 157.51 points lower, or 0.6%, at 26,501.60. At one point, the Dow was down more than 500 points. The dropped 1.2% to 3,269.96 and the pulled back 2.5% to 10,911.59.The Dow and S&P 500 fell 6.5% and 5.6%, respectively, and posted their biggest weekly losses since March. The Nasdaq lost more than...…Big Tech reported earnings — Here's how five market pros are breaking down the numbers, led by major tech shares, as Wall Street wrapped up a difficult week in which coronavirus cases rose, U.S. fiscal stimulus talks broke down and traders braced for next week's presidential election.The closed 157.51 points lower, or 0.6%, at 26,501.60. At one point, the Dow was down more than 500 points. The dropped 1.2% to 3,269.96 and the pulled back 2.5% to 10,911.59.The Dow and S&P 500 fell 6.5% and 5.6%, respectively, and posted their biggest weekly losses since March. The Nasdaq lost more than...WW…

In this articleWall Street will look to recover from Wednesday's massive sell-off, clawing back some of their losses from the previous session, as shares of major tech companies advanced ahead of their quarterly earnings reports. Sentiment also got a lift from better-than-expected economic data.The climbed 1.2% to 3,310.11 and the advanced 1.6% to 11,185.59. The closed 139.16 points higher, or 0.5%, at 26,659.11. Thursday marked the first daily gain for the Dow in five days. The S&P 500 snapped a three-day slide. Shares of Amazon and Apple rose 1.5% and 3.7%, respectively. Alphabet...…In this articleWall Street will look to recover from Wednesday's massive sell-off, clawing back some of their losses from the previous session, as shares of major tech companies advanced ahead of their quarterly earnings reports. Sentiment also got a lift from better-than-expected economic data.The climbed 1.2% to 3,310.11 and the advanced 1.6% to 11,185.59. The closed 139.16 points higher, or 0.5%, at 26,659.11. Thursday marked the first daily gain for the Dow in five days. The S&P 500 snapped a three-day slide. Shares of Amazon and Apple rose 1.5% and 3.7%, respectively. Alphabet...WW…

Leuthold Group's Doug Ramsey: I'm not sure a Biden win is really priced inStocks fell sharply on Monday ahead of a key deadline set by House Speaker Nancy Pelosi to reach a deal on new coronavirus stimulus before the election while Covid-19 cases rise. The closed 410.89 points lower, or 1.4%, at 28,195.42. Earlier in the day, the 30-stock average was up more than 100 points. The dropped 1.6% to close at 3,426.92 and the pulled back 1.7% to 11,478.88. Both the Dow and the S&P 500 had their worst day since Sept. 23. The Nasdaq posted its biggest one-day loss since Oct. 2. It also logged...…Leuthold Group's Doug Ramsey: I'm not sure a Biden win is really priced inStocks fell sharply on Monday ahead of a key deadline set by House Speaker Nancy Pelosi to reach a deal on new coronavirus stimulus before the election while Covid-19 cases rise. The closed 410.89 points lower, or 1.4%, at 28,195.42. Earlier in the day, the 30-stock average was up more than 100 points. The dropped 1.6% to close at 3,426.92 and the pulled back 1.7% to 11,478.88. Both the Dow and the S&P 500 had their worst day since Sept. 23. The Nasdaq posted its biggest one-day loss since Oct. 2. It also logged...WW…

In this articleStocks were mixed after rebound—Three experts on the U.S. economy and marketsStocks fell sharply in volatile trading on Thursday as the rout in tech — the best-performing sector in the market — resumed after a one-day respite.The closed 405.89 points lower, or 1.45%, at 27,534.58. Earlier in the session, the Dow was up more than 200 points. The slid 1.8% to close at 3,339.19. The dropped 2% to 10,919.59 after surging as much as 1.4%. It was the fourth decline in five sessions for the major averages. 21 hours agoa day agoa day agoApple shares were down 3.3% after...…In this articleStocks were mixed after rebound—Three experts on the U.S. economy and marketsStocks fell sharply in volatile trading on Thursday as the rout in tech — the best-performing sector in the market — resumed after a one-day respite.The closed 405.89 points lower, or 1.45%, at 27,534.58. Earlier in the session, the Dow was up more than 200 points. The slid 1.8% to close at 3,339.19. The dropped 2% to 10,919.59 after surging as much as 1.4%. It was the fourth decline in five sessions for the major averages. 21 hours agoa day agoa day agoApple shares were down 3.3% after...WW…

In this articleStocks rise after headlines clarify U.S.-China trade deal ongoing—Here's what three experts are watching nowThe rose to a fresh record on Tuesday with Apple leading major tech names higher as investors cheered a slew of announcements from the tech giant's WorldWide Developers Conference. The tech-heavy index closed 0.7% higher at 10,131.37, notching its eighth straight daily gain. That marks the Nasdaq's longest winning streak since December, when it advanced for 11 straight sessions. The climbed 131.14 points, or 0.5%, to close at 26,156.10. The ended the...…In this articleStocks rise after headlines clarify U.S.-China trade deal ongoing—Here's what three experts are watching nowThe rose to a fresh record on Tuesday with Apple leading major tech names higher as investors cheered a slew of announcements from the tech giant's WorldWide Developers Conference. The tech-heavy index closed 0.7% higher at 10,131.37, notching its eighth straight daily gain. That marks the Nasdaq's longest winning streak since December, when it advanced for 11 straight sessions. The climbed 131.14 points, or 0.5%, to close at 26,156.10. The ended the...WW…