Stocks close higher, snap three-week slumpAll three major averages closed higher Friday, notching gains in the holiday-shortened week and snapping a three-week slump. The Dow rose 2.8% on the week, while the S&P 500 and the Nasdaq gained 3.8% and 4.2%, respectively.The Dow Jones Industrial Average gained 377.19 points, or about 1.19% to 32,151.71. The…
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FILE PHOTO: Shoppers exit a Target store during Black Friday sales in Brooklyn, New York, U.S., November 26, 2021. Brendan Mcdermid | ReutersTarget on Wednesday said its quarterly profit fell nearly 90% from a year ago, as the retailer followed through on its warning that steep markdowns on unwanted merchandise would weigh on its bottom line.The…
Stock futures fell Tuesday morning as tensions between the U.S. and China increased ahead of an expected visit to Taiwan by House Speaker Nancy Pelosi.Futures tied to the Dow Jones Industrial Average were 144 points lower, or 0.5%. S&P 500 futures slid 0.7%, and Nasdaq 100 futures dropped 0.8%. Pelosi was expected to visit Taiwan…
Boston Celtics legend Bill Russell died Sunday at age 88, according to an announcement from his family.Russell, a 5-time NBA MVP and 12-time All-Star, was the first player to win an Olympic Gold Medal, an NBA Championship and a college title.His storied career has also included a Presidential Medal of Freedom, induction into the Naismith…
By Kirsten Grind and Emily GlazerUpdated July 25, 2022 12:30 am ETElon Musk engaged in a brief affair last fall with the wife of Sergey Brin, prompting the Google co-founder to file for divorce earlier this year and ending the tech billionaires’ long friendship, according to people familiar with the matter.Their falling out is one…
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(Bloomberg) -- US social-media giants shed nearly $47 billion in market value in extended trading Thursday, as disappointing revenue from Snap Inc. raised concerns about the outlook for online advertising.Most Read from BloombergAmericans Who Can’t Afford Homes Are Moving to Europe InsteadMusk Lieutenant Scrutinized in Internal Tesla Purchasing ProbeThese Are the World’s Most (and Least)…
U.S. stock indexes recorded their biggest one-day gains in nearly a month Tuesday, as investors reacted positively to a fresh batch of company earnings reports. The S&P 500 added 105.84 points, or 2.8%, to end the day at 3936.69. The tech-focused Nasdaq Composite gained 353.10 points, or 3.1%, to 11713.15 , and the Dow Jones…
Minneapolis CNN Business — For the first time in nearly two months, crude oil prices have fallen below $100 a barrel, reflecting investors’ growing concerns about a US recession that could crimp demand for oil. The price of West Texas Intermediate crude tumbled as much as 10% Tuesday, to hit a low of $97.43 before…