Stocks close lower, pulling indexes below record highs

Wall Street (AP), April 20 – Technology companies helped drag U.S. stocks broadly lower Monday, pulling the indexes below the record highs they reached last week. The S&P 500 dropped 0.5%, shedding more than a third of its gain from last week. Tech stocks were the biggest weight on the market, but the losses were […]

Wall Street finishes mixed as tech slump offsets other gains

New York (AP), March 9 – Major U.S. stock indexes closed mostly lower Monday as another rise in bond yields helped set off more heavy selling in technology companies. The S&P 500 fell 0.5% after having been up 1% earlier. Because of their huge size, drops by Apple, Google’s parent company and other major technology […]

Stocks push to more gains, and record highs, on Wall Street

Wall Street (AP) – U.S. stocks notched more gains and pushed to new highs Monday, extending a winning streak that just gave the market its best weekly gain since November. The S&P 500 rose 0.7%, it’s sixth straight gain. The three major indexes climbed to an all-time high, as did a benchmark of smaller company […]

GameStop booster did well; many devotees won’t as shares sag

WILMINGTON, Mass. (AP) — “IF HE’S STILL IN, I’M STILL IN,” was the constant refrain from followers of Roaring Kitty, the YouTube personality whose enthusiasm about buying stock in video-game retailer GameStop made him an icon in the social media frenzy that shocked Wall Street last week. His hometown newspaper in Massachusetts dubbed him a “Brockton […]

GameStop saga makes Wall Street an issue for Biden team

WASHINGTON (AP) — The drama surrounding the trading in shares of GameStop, AMC Entertainment, Blackberry and other beaten-down companies has suddenly thrust Wall Street near the top of a crowded list of issues that President Joe Biden’s regulatory team needs to tackle early in its term. A number of wealthy institutions on Wall Street bet […]

Wall Street slumps as Big Tech once again leads decliners

New York (AP), September 18 – Another slide in technology companies helped pull stocks lower on Wall Street Thursday, extending losses from the day before. The S&P 500 lost 0.8% after having been down 1.7% earlier. The selling was widespread, with eight of the 11 sectors that make up the benchmark index ending the day […]

Tech’s sudden sell-off continues; Nasdaq sinks 10% in 3 days

NEW YORK (AP) — Big technology stocks tumbled again on Tuesday, continuing the Icarus-like flight path for companies that just a week ago were the high-flyers carrying Wall Street to record heights. The S&P 500 fell 95.12, or 2.8%, to 3,331.84 and clinched its first three-day losing streak in nearly three months. Big names that […]

US stocks join global rally amid COVID treatment hopes

NEW YORK (AP) — Stocks plowed higher on Wall Street Monday, as hopes for a COVID-19 treatment and vaccine had investors looking ahead to the possibility of a healthier economy that has shed the virus. The S&P 500 rallied 34.12, or 1%, to 3,431.28 and added to the all-time high it set last week, when […]

Stocks rebound on Wall Street, S&P 500 trades above record

New York (AP), August 13 – The S&P 500 briefly traded above its record closing high Wednesday, nearly erasing the last of the historic losses it took due to the coronavirus pandemic. The index ended up with a gain of 1.4%, just shy of its all-time high. Big technology stocks once again led way. At […]

Tesla’s spent a year terrifying, electrifying Wall Street

DETROIT (AP) — Tesla’s losses were mounting last summer, massive debt payments were looming, and both Wall Street and federal regulators had run out of patience with the erratic behavior of CEO Elon Musk. One year ago this week, shares plunged 14% after Tesla posted another quarterly loss, this one for $408 million, wiping out […]