Market Pulse Archives

May 14, 2020, 3:22 p.m. EDT

Dow on pace for its biggest intraday comeback in 2 months as financials and health-care stocks burst higher

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dow Jones Industrial Average (DJIA)
  • X
    American Express Co. (AXP)
  • X
    UnitedHealth Group Inc. (UNH)

or Cancel Already have a watchlist? Log In

By Mark DeCambre

The Dow Jones Industrial Average late-day Thursday was trading higher, putting the index on track for its biggest comeback in about 8 weeks amid the COVID-19 pandemic. The Dow /zigman2/quotes/210598065/realtime DJIA +1.55% was up 244 points, or 1.1%, at 23,486, following a skid that saw it lose as many as 458 points at its intraday nadir at 22,789.62, or down nearly 2%. If the benchmark manages to end higher for the day it will mark the biggest intrasession rebound since March 19, according to Dow Jones Market Data. Gains were being driven by an nearly 7% advance in American Express Co. /zigman2/quotes/203805826/composite AXP +2.38% and a 4.4% gain in shares of UnitedHealth Group Inc. /zigman2/quotes/210453738/composite UNH +4.03% , which were helping to lead the charge. The S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.70% was up 0.4% at 2,832, powered by a gain in the financials sector /zigman2/quotes/209660484/composite XLF +1.41% , a rally in materials names /zigman2/quotes/204467551/composite XLB +1.28% and health care /zigman2/quotes/205918244/composite XLV +1.77% . The technology-laden Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.22% was trading at around unchanged at 8,870, but well off its lows at 8,705.25.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,480.01
+404.71 +1.55%
Volume: 285.12M
July 13, 2020 3:01p
loading...
/zigman2/quotes/203805826/composite
US : U.S.: NYSE
$ 95.45
+2.22 +2.38%
Volume: 3.17M
July 13, 2020 3:01p
P/E Ratio
14.46
Dividend Yield
1.80%
Market Cap
$75.05 billion
Rev. per Employee
$733,559
loading...
/zigman2/quotes/210453738/composite
US : U.S.: NYSE
$ 302.98
+11.75 +4.03%
Volume: 2.27M
July 13, 2020 3:01p
P/E Ratio
21.26
Dividend Yield
1.65%
Market Cap
$276.20 billion
Rev. per Employee
$754,157
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,207.40
+22.36 +0.70%
Volume: 1.76B
July 13, 2020 3:01p
loading...
/zigman2/quotes/209660484/composite
US : U.S.: NYSE Arca
$ 23.79
+0.33 +1.41%
Volume: 66.85M
July 13, 2020 3:01p
loading...
/zigman2/quotes/204467551/composite
US : U.S.: NYSE Arca
$ 58.73
+0.74 +1.28%
Volume: 3.86M
July 13, 2020 3:01p
loading...
/zigman2/quotes/205918244/composite
US : U.S.: NYSE Arca
$ 102.49
+1.78 +1.77%
Volume: 5.72M
July 13, 2020 3:01p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,640.28
+22.84 +0.22%
Volume: 3.28M
July 13, 2020 3:01p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.