Wall St up on signs of economic recovery

Wall Street’s three major indexes have risen as the pace of decline in business activity slowed, bolstering hopes that the worst of the coronavirus crisis was over. The Nasdaq hit a fifth record high this month, with Apple Inc providing the biggest boost after...

Wall St treads water as virus cases rise

The S&P 500 and Dow Jones indexes are largely unchanged as investors assess stimulus-fuelled recovery hopes against an increase in coronavirus infections that could derail a rebound in business activity. Demand for perceived safe havens, including gold and US...

Wall St gains on economic recovery hopes

US stocks have jumped about 1.0 per cent with the tech-heavy Nasdaq hovering near a fresh record high on hopes of a bounce back in post-pandemic economic activity, as investors shrugged off rising new COVID-19 cases in several US states. The Nasdaq opened above its...

Wall St surges on record retail sales rise

US stocks have jumped after a record rise in May retail sales revived hopes of a swift post-pandemic economic rebound, with sentiment also lifted by data showing reduced COVID-19 death rates in a trial of a generic steroid drug. A Commerce Department report showed...

Fears of fresh virus wave hit Wall Street

Wall Street’s main indexes have slumped, with the S&P 500 falling below 3000 points after a spike in new coronavirus cases in China and parts of the US dampened hopes of a swift economic recovery. Battered shares of US airlines, casino operators and cruise...