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4:37 a.m. Nov. 25, 2020 - By Mark DeCambre
Dow retreats from 30,000 milestone at open, but Nasdaq trades in record territory ahead of Thanksgiving holidayU.S. equity benchmarks Wednesday morning saw muted action, a day after the Dow Jones Industrial Average breached 30,000 points for the first time, and as investors readied for pandemic-tinged Thanksgiving on Thursday when U.S. markets will be closed. The Dow Jones Industrial Average lost 90 points, or 0.3%, to trade at 29.960, the S&P 500 index slipped 0.1% to 3,631, while the Nasdaq Composite Index added 25 points, or 0.2%, at 12,061, touching closing record territory for the tech-laden index. Investors in the past week have focused on progress toward COVID-19 vaccines, and abating concerns around the presidential transition of President-elect Joe Biden. In economic reports, Labor Department employment figures showed jobless claims rose for a second consecutive week, a sign that resurging cases of COVID are taking a toll on the labor market. Meanwhile, durable goods orders rose by more than forecast. A number of other economic reports are set for today, pulled forward because of the Thanksgiving holiday on Thursday and Black Friday in the U.S. The Federal Reserve's meeting minutes from its meeting earlier this month will be released at 2 p.m.
9:58 a.m. Nov. 23, 2020 - By Ciara Linnane
U.S. coronavirus case tally tops 12 million amid growing fears that Thanksgiving travel will spark another surge of infections ‘Four days before a holiday with potentially the most indoor and in-person gatherings of the year in the U.S., the virus is here and more prevalent than ever,’ says one analystThe global case tally for the coronavirus illness COVID-19 rose to 58.8 million on Monday and the U.S. tally rose above 12 million, with new daily infections heading toward 200,0000 a day amid growing fears that Thanksgiving travel will spark another surge.
5:40 a.m. Nov. 21, 2020 - Associated Press
G-20 summit opens as leaders urge united response to virus The pandemic, which has claimed more than 1.37 million lives worldwide, has offered the G-20 an opportunity to prove how such bodies can facilitate international cooperation in crisesThe Group of 20 summit began on Saturday with appeals by the world’s most powerful leaders to collectively chart a way forward as the coronavirus pandemic overshadows this year’s gathering, transforming it from in-person meetings to a virtual gathering of speeches and declarations.
8:56 a.m. Nov. 12, 2020 - By Ciara Linnane
Coronavirus update: U.S. sets sixth new case record in eight days and more than 65,000 COVID-19 patients are in hospitals for first time U.K. is first European country with more than 50,000 deathsJust one week after the U.S. surpassed 100,000 COVID-19 cases in a single day for the first time, it has set a one-day record of almost 143,000, while hospitalizations rose above 65,000 for the first time since the start of the outbreak.
4:11 p.m. Nov. 7, 2020 - By Ciara Linnane
Coronavirus update: Third straight single-day case record in U.S.; Trump chief of staff Meadows tests positive President-elect Joe Biden will announce a COVID-19 task force on Monday, Axios reportsThe U.S. case tally from the coronavirus illness COVID-19 rose by a record of almost 133,000 on Friday, a third straight day of record-setting levels, as hospitals in rural areas of the Midwest and southern states including Texas and Florida continued to feel the strain.
12:20 p.m. Nov. 6, 2020 - By Ciara Linnane
Coronavirus update: U.S. new cases jump 20% to record 121,200 in a single day; ‘We North Dakotans are in crisis,’ says doctor 13 states posted record case numbers on Thursday, including Illinois, Ohio, Indiana, Minnesota, Iowa, Oklahoma, Nebraska and North DakotaJust one day after the U.S. surpassed 100,000 new cases of the coronavirus illness COVID-19 in a singe day, it set a fresh record that was 20% higher, straining hospitals in areas of the Midwest and South as they struggle to cope with an influx of patients.
2:18 a.m. Oct. 23, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll tops 222,000 and President Trump criticizes media for constant coverage of crisis ‘All you hear is Covid, Covid, Covid, Covid, Covid, Covid, Covid, Covid, Covid, Covid, Covid,’ Trump tells rallyThe U.S. death toll from the coronavirus illness COVID-19 rose above 222,000 on Thursday, and President Donald Trump again falsely claimed the virus was disappearing and criticized the media for its constant coverage of the crisis.
10:49 a.m. Oct. 15, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll tops 217,000; the magazine Nature becomes the latest science journal to blast Trump’s pandemic management Nature joins the New England Journal of Medicine, Scientific American and Lancet Oncology in criticizing Trump’s failings and endorsing Joe Biden for presidentThe U.S. death toll from the coronavirus illness COVID-19 climbed above 217,000 on Thursday, as Nature magazine became the latest scientific journal to sharply criticize President Donald Trump’s handling of the pandemic, and endorse rival, Democrat Joe Biden, for president.
9:57 a.m. Sept. 29, 2020 - By Ciara Linnane
Coronavirus update: Global case tally 33.4 million, death toll above 1 million, and that’s likely an underestimate, says WHO expert White House reportedly pressed the CDC to play down the risks of sending children back to school and sought alternate data that would show the coronavirus was unlikely to harm kidsThe number of confirmed cases of the coronavirus that causes COVID-19 rose to 33.4 million on Tuesday, a day after the global death toll reached 1 million, as governments around the world moved to reimpose restrictions on movement in a fight to contain the spread.
9:29 a.m. Sept. 28, 2020 - By Ciara Linnane
Coronavirus update: Global death toll inches toward 1 million as hot spots emerge in India, Europe, South America and Israel U.S. confirmed cases top 7 million as President Trump gears up for update on testing strategy; CDC head says new task force member is spreading misinformation, NBC reportsThe global death toll from the coronavirus that causes COVID-19 edged closer to a million on Monday, and India marked the grim milestone of more than six million confirmed cases, placing it second to the U.S. by case numbers.
11:58 a.m. Sept. 24, 2020 - By Mark DeCambre
Dow ekes out gain in turbulent trade as Wall Street struggles to shrug off market uncertaintyU.S. stock indexes finished with slight gains in choppy trade Thursday, reflecting a market that is struggling to find its footing amid signs of softening economic data and a raft of uncertainties ahead.
11:10 a.m. Sept. 24, 2020 - By Mark DeCambre
Dow trades in nearly 560-point range before eking out slight gain in choppy Thursday actionU.S. stocks traded on an unsteadily Thursday, with the major benchmarks swinging from solid gains to losses within minutes, at times, reflectin signs of softening economic data and a raft of uncertainties ahead, including a lack of additional economic stimulus and expected volatility from the 2020 presidential election. The Dow Jones Industrial Average closed up by about 52 points, or 0.2%, at 26,815, but not before trading within a 560-point range on the day. The Dow was down 226.12 points at the day's nadir and 331.72 at the session high. The S&P 500 index finished up 0.3% at 3,246, but momentarily traded beneath its correction level--defined as a drop of at least 10% from recent peak--at 3,222.76. Gains were aided by a rise in consumer staples and utilities , considered safety plays during times of uncertainty. The Nasdaq Composite Index advanced 0.4% to finish around 10,672, after touching a high at 10,799, and a low at 10,520. Investors parsed a report that House Democrats were putting together another coronavirus stimulus plan that would come in at $2.4 trillion, with a possible vote on the legislation, which would include unemployment benefits, direct payments, small business loans and airline aid, as soon as next week, . Meanwhile, weekly labor figures showed that some aspects of the coronavirus recovery are stalling out. Jobless claims rose 4,000 to 870,000, the Labor Department said Thursday, reflecting that slightly more Americans applied for state unemployment benefits in the week ended Sept. 19 than in the prior week. Economists surveyed by MarketWatch had been looking for claims to decline to 850,000.
10:05 a.m. Sept. 17, 2020 - By Ciara Linnane
Coronavirus update: Global cases near 30 million; Trump contradicts CDC head on vaccine timetable and again derides face masks WHO official says it’s important to have ‘consistent messaging’ on pandemic from all public officials The number of confirmed cases of the coronavirus that causes COVID-19 worldwide continued to head toward 30 million on Thursday, and the U.S. case tally climbed above 6.6 million, as President Donald Trump contradicted the head of the main U.S. public health agency to insist a vaccine would be ready in weeks.
12:16 p.m. Sept. 16, 2020 - By Joy Wiltermuth
Stocks end mostly lower after Fed holds interest rates steady near zero, but underscores risks to economic recovery Powell says economic scars of unemployment, foreclosures and evictions a risk without additional fiscal stimulus from CongressU.S. benchmark stock index closed mostly lower Wednesday, after the Federal Reserve said it would likely hold interest rates near zero until at least 2023 given the outlook for inflation and employment in the wake of the coronavirus pandemic, but also indicated risks to the economy remain.
1:50 a.m. Sept. 16, 2020 - By Ciara Linnane
Coronavirus update: Global cases edge toward 30 million, and China says vaccine may be ready by November House subcommittee to probe reports that political appointees have meddled with government scientific data to aid TrumpThe number of confirmed cases of the coronavirus that causes COVID-19 edged closer to 30 million on Tuesday, as a Chinese health official said a vaccine may be available for the public as early as November.
8:31 a.m. Sept. 14, 2020 - By Ciara Linnane
Coronavirus update: WHO says record number of new cases — 307,930 — counted worldwide on Sunday President Trump slammed for holding indoor rally in Nevada; Israel becomes first country to reimpose national lockdownThe World Health Organization said a record number of cases of the coronavirus that causes COVID-19 were recorded on Sunday around the world for a total of 307,930 in a 24-hour period, the highest number recorded since the start of the outbreak.
9:23 a.m. Sept. 10, 2020 - By Ciara Linnane
Coronavirus update: Global death toll tops 905,000, U.S. toll above 191,000 and experts slam Trump for playing down virus ‘If we’d had widespread mask-wearing mandates, we could have reduced deaths by as much as 20% to even 50%,’ says one expertThe number of global fatalities from the coronavirus that causes COVID-19 climbed above 905,000 on Thursday and the U.S. death toll rose above 191,000, amid widespread criticism of President Donald Trump’s handling of the crisis, after journalist Bob Woodward revealed that Trump admitted to him that he deliberately downplayed the virus in the early part of the outbreak.
9:58 a.m. Sept. 9, 2020 - By Ciara Linnane
Coronavirus update: Global death toll edges toward 900,000 as AstraZeneca halts vaccine trial after patient struck by illness WHO reiterates its safety-first message for vaccine development and shares of rival vaccine makers rallyThe number of confirmed deaths from the coronavirus that causes COVID-19 worldwide edged closer to 900,000 on Wednesday, and the U.S. death toll moved close to 190,000, as AstraZeneca halted trials of its vaccine candidate after one participant was struck by an unexplained illness.
10:59 a.m. Sept. 8, 2020 - By Ciara Linnane
Coronavirus update: Global case tally tops 27.3 million, and U.S. accounts for a quarter, as 9 drug-company CEOs pledge to ‘stand with science’ in vaccine development Vaccine makers will only submit for full FDA approval or emergency-use authorization ‘after demonstrating safety and efficacy through a Phase 3 clinical study,’ the CEO group pledgesThe number of confirmed cases of the coronavirus that causes COVID-19 climbed above 27.3 million on Tuesday with the U.S. accounting for about a quarter of that total, as a group of nine drugmakers pledged to “stand with science” in developing a vaccine.
7:38 a.m. Sept. 8, 2020 - By Pierre Briançon
Last chance saloon for U.K.-EU trade talks, as Johnson threatens to walk out on deal. But is he serious?British industrial lobbies have warned of a massive logistical problem at the border if the two sides failed to clinch a deal.
2:04 a.m. Sept. 8, 2020 - Associated Press
Belarusian opposition activists missing as tens of thousands rally in streets of MinskA leading opposition activist in Belarus and two other members of an opposition council went missing Monday, raising fears they were detained as authorities seek to squelch nearly a month of protests against the re-election of the country’s authoritarian leader.
9:03 a.m. Sept. 4, 2020 - By Ciara Linnane
Coronavirus update: Global cases climb above 26.4 million, and U.S. vaccine program’s head sees very low chance of vaccine by late October State and local officials warn Americans not to gather in large numbers over Labor Day holiday weekendThe number of confirmed cases of the coronavirus that causes COVID-19 world-wide rose above 26.4 million on Friday with the U.S. accounting for about a quarter of that total, as a key member of the government’s vaccine program said the chances of a vaccine being ready by late October are “very, very low.”
1:03 a.m. Sept. 4, 2020 - By Ciara Linnane
Coronavirus update: Global tally climbs above 26 million, U.S. above 6.1 million, amid concerns CDC will rush out a vaccineThe global tally for confirmed cases of the coronavirus that causes COVID-19 climbed above 26 million on Thursday, while in the U.S. there were growing concerns that President Donald Trump’s administration will attempt to rush out a vaccine ahead of the November presidential election.
7:00 a.m. Sept. 3, 2020 - By Michael Ashbaugh
Market bears resurface: S&P 500, Nasdaq reverse from record highs Focus: Europe’s stealth breakout attempt, Real estate sector edges atop 200-day average, IEV, IYR, SWKS, IP, MSI, NDAQU.S. stocks are firmly on the defensive early Thursday, pressured as a recently rare, and long overdue, pullback has finally surfaced. Against this backdrop, the S&P 500 and Nasdaq Composite have reversed sharply from record highs, pulling in amid a less-charted patch, punctuated by not so well-defined support.
1:36 a.m. Sept. 3, 2020 - By Ciara Linnane
Coronavirus update: Global case tally nears 26 million, and experts are alarmed that U.S. isn’t joining WHO vaccine effort ‘This go-it-alone approach leaves America at risk of not getting a vaccine,’ says one expertThe number of confirmed cases of the coronavirus that causes COVID-19 worldwide edged closer to 26 million on Wednesday, as experts sounded the alarm on the Trump administration’s decision not to work with an international effort to develop and distribute a COVID-19 vaccine that is backed by the World Health Organization.
11:28 a.m. Aug. 21, 2020 - By Mark DeCambre
S&P 500, Nasdaq set fresh records, Dow adds 200 points as investors cheer economic data S&P 500 rose for 4 straight weeks, its longest winning streak since December 2019 U.S. stock indexes remained buoyant Friday, led by technology stocks again, and supported by positive economic data that left the S&P500 index on track for a fourth week of gains, but trading volume was low and analysts worried that the rally was dependent on a few large capitalization names.
4:32 a.m. Aug. 20, 2020 - By Mark DeCambre
Dow skids lower at Thursday's open, heads for longest losing streak in 6 months as claims pop back above 1 millionU.S. stocks opened modestly lower Thursday after a weekly jobless benefit claims report and a reading of manufacturing activity in the Philadelphia area pointed to signs of a weakening recovery in employment and growth in the COVID-19 era. The economic reports come as the Federal Reserve in minutes from its late-July meeting, released on Wednesday, said that uncertainties were rising about business conditions in the future due to the pandemic. Initial in mid-August and topped 1 million again, potentially pointing to an increase in layoffs or a pause in the number of people returning to work after a summer surge in the coronavirus. New applications for unemployment benefits, a rough gauge of layoffs, climbed to 1.11 million from 971,000 in the prior week, the Labor Department said. Economists polled by MarketWatch had forecast 910,000 new claims in the seven days ended Aug. 15. The Dow Jones Industrial Average fell 120 points, or 0.4%, at 27,580 , with a fourth straight decline for the benchmark representing its longest losing skid since the seven-day period ended Feb. 28. The S&P 500 index traded 0.5% lower at 3,357, while the Nasdaq Composite Index declined 0.5% at 11,094. In other economic reports, the fell 7 points to a seasonally adjusted reading of 17.2 in August, the regional bank said Thursday. This is the second straight decline in the index after it his 27.5 in June. In corporate news, shares of chip maker Nvidia Corp. were in focus after its data-center chips brought in more money than the gaming specialist's core business for the first time in the company's second quarter, and its other businesses also performed better than expected.
12:11 a.m. Aug. 20, 2020 - By Matt Smith
How meat plant COVID outbreaks revealed ‘devastating’ workplace conditionsA series of coronavirus flare-ups in food facilities has highlighted lax labor practices in the U.S., U.K. and Germany.
11:11 a.m. Aug. 14, 2020 - By Mark DeCambre
S&P 500 ends week and day higher but fails to book record close as market succumbs to lack of fresh catalystU.S. stocks closed lower Friday and booked weekly gains, but trading to end in mid August suggests that it may be tough sledding ahead for investors hoping to find further gains, with the S&P 500 within a striking distance of its record close, as stimulus talks are all but dead and data point to a slow and fitful economic recovery from the COVID-19 pandemic. Economic reports, including unemployment claims and retail spending, continue to suggest the economy is recovering, but at an unsteady pace as the virus fails to submit efforts to quash it throughout the country. A report on retail sales in July rose 1.2%, and increased by 1.9% once stripping out for auto and gas. Meanwhile, second-quarter productivity jumped 7.3%, while second-quarter unit labor costs surged by 12.2%. Separately, a reading on industrial production rose 3% in July for the third straight monthly gain after sharp declines in March and April, the Federal Reserve reported Friday. Investors continued to wait for developments on a coronavirus relief package from Congress but lawmakers have broken for recess until Labor Day. The Dow Jones Industrial Average closed up 34 points, or 0.1%, at 27,931 and booked a weekly gain of 1.8%, while the S&P 500 index finished the day nearly unchanged at 3,372 but notched a weekly gain of 0.6%, ending Friday's trade about 14 points from a record close. Meanwhile, the Nasdaq Composite Index closed 0.2% lower at 11,019 and logged a weekly gain of less than 0.1%. Tech stocks have been at the vanguard of the current recovery for stocks but have seen gains peter out in recent trade. Meanwhile, on U.S.-China trade talks, both sides have canceled plans for a virtual weekend meeting to assess their so-called phase one trade deal as it hits its six-month mark.
5:02 a.m. Aug. 14, 2020 - By Sunny Oh
Treasury yields log biggest weekly jump in more than 2 monthsU.S. Treasury yields mostly fell Friday but kept their weekly increase intact as trading in the bond market reflected the raft of stronger-than-expected economic data and increased Treasury auctions over the past few days.
11:54 p.m. Aug. 3, 2020 - By Quentin Fottrell
Dr. Fauci tells MarketWatch: I would not get on a plane or eat inside a restaurant The veteran immunologist reveals his one big lesson from the COVID-19 pandemicThe veteran immunologist reveals his one big lesson from the COVID-19 pandemic.
11:25 a.m. Aug. 3, 2020 - By Mark DeCambre
Nasdaq ends at record as stocks rally after pickup in manufacturing activity to kick off August Microsoft shares rallied amid its efforts to buy U.S. portion of TikTok from China’s ByteDanceU.S. stocks rise Monday to kick off the first trading day of August as investors were heartened by upbeat manufacturing data, even as talks appeared stalled over another round of coronavirus stimulus.
6:12 a.m. July 31, 2020 - By Barbara Kollmeyer
European stocks turn lower as investors juggle tech optimism and economic gloom Nokia climbs after results European stocks drop on the final trading day of the month, as economic worries overshadow upbeat earnings in the U.S. and Europe.
4:35 a.m. July 31, 2020 - By Mark DeCambre
Nasdaq Composite kicks off last trade in July higher as tech earnings lift stocks but coronavirus stimulus-bill worries persistU.S. stocks opened higher Friday morning in the last day of July after Apple and Amazon delivered strong earnings and Google parent Alphabet and Facebook topped expectations. However the lack of progress in Congress on another financial aid bill, the ongoing rise in coronavirus cases, and Thursday's discouraging labor market data are all factors which may limit gains. The Dow Jones Industrial Average rose 50 points, or 0.2%, at 26,363, the S&P 500 index 0.6% at 3,263, while the technology-heavy Nasdaq Composite Index advanced 1.4% to 10,734. In economic data, personal spending jumped 5.6% in June, the government said Friday, after a revised 8.5% advance in May. Incomes fell 1.1% - somewhat more than expected - owing to reduced federal aid for families. In corporate news, shares of Apple , Amazon.com , Facebook Inc. and Google parent Alphabet Inc. were trading higher after producing better-than-expected results amid the COVID-19 pandemic.
11:02 a.m. July 30, 2020 - By Sunny Oh
10-year Treasury yield sinks to lowest since March after GDP, jobless claims point to economic challenges aheadU.S. Treasury yields fall on Thursday as an official snapshot of U.S. growth in the second quarter of this year confirmed the economic devastation caused by the COVID-19 pandemic.
10:08 a.m. July 28, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally climbs above 4.30 million as Texas becomes fourth state with more than 400,000 cases Pfizer, McDonald’s, 3M and Raytheon Technologies are latest Dow components to report earnings with mixed resultsThe U.S. tally for confirmed cases of the coronavirus illness COVID-19 climbed above 4.30 million on Tuesday, and the death toll exceeded 148,000, after Texas became the fourth state with more than 400,000 cases, joining California, Florida and early hot spot New York.
5:39 a.m. July 28, 2020 - By Barbara Kollmeyer
Goldman Sachs has a new blowout forecast for gold Critical information for the U.S. trading dayOur call of the day is a bullish one from Goldman Sachs, which is upping the ante for those betting on stronger gold prices sticking around.
1:05 a.m. July 24, 2020 - By Ciara Linnane
Coronavirus update: Global COVID-19 cases top 15 million, U.S. cases pass 4 million, and California has more cases than New York Tesla surprises investors with an adjusted profit even after it was beset by pandemic-related stoppages at California plantThe number of confirmed cases of the coronavirus illness COVID-19 worldwide climbed above 15 million on Thursday and the U.S. case tally passed 4 million, as California’s case tally rose above early U.S. hot spot New York following a surge in new infections in recent weeks.
11:43 a.m. July 23, 2020 - By Mark DeCambre
Dow logs 350-point loss as shares of Apple and Microsoft exact heavy toll on the blue-chip index, broader stock market Dow component Intel’s earnings were on deck on ThursdayU.S. stocks end Thursday sharply lower, with technology-related giants Apple and Microsoft at the vanguard of a selloff in large-capitalization stocks.
6:58 p.m. July 19, 2020 - Associated Press
Amid summit stalemate, EU leader pleads for unity to pass massive coronavirus recovery fund Compromise remains out of reach as scheduled two-day meeting drags on for a fourth daySeeking to tug at the hearts of all European Union leaders, EU Council president Charles Michel implored them late Sunday to overcome their fundamental divisions and agree on an unprecedented 1.85 trillion-euro ($2.1 trillion) EU budget and coronavirus recovery fund to tackle the crisis.
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