S&P 500

Economy

Wall Street keeps rising on Democratic wins, stimulus hopes

Major U.S. stock indexes surged to all-time highs Thursday as Wall Street bet that the Democratic sweep of Washington means more stimulus is on the way for the economy. The S&P 500 rose 1.5% to a record 3,803. Investors were buoyed by Congress’ confirmation of Joe Biden’s presidential election win and a shift in control

Financial

S&P 500 ends at another record high as tumultuous 2020 ends

Wall Street closed out a tumultuous year for stocks with more record highs Thursday, a fitting coda to the market’s stunning comeback from its historic plunge in the early weeks of the coronavirus pandemic. The benchmark S&P 500 index finished with a gain of 16.3% for the year, or a total return of about 18.4%,

Business

Asian stocks sink after Wall St hits record on stimulus hope

Asian stock markets declined Friday after Wall Street hit a new high on optimism about economic stimulus and coronavirus vaccine development despite a spike in U.S. unemployment claims. Shanghai, Tokyo and Hong Kong retreated. Overnight, Wall Street’s benchmark S&P 500 index gained for a third day on optimism about progress in Washington toward a new

Business

EXPLAINER: Why the Dow topped 30,000 for the first time

Wall Street busted through its latest milestone Tuesday, when the Dow Jones Industrial Average topped 30,000 for the first time. The Dow rose 454.97 points, or 1.5%, to close at 30,046.24. Investors were encouraged by progress in the development of coronavirus vaccines and news that the transition of power to President-elect Joe Biden is finally

National

How can Wall Street be so healthy when Main Street isn’t?

The stock market is not the economy. Rarely has that adage been as clear as it is now. An amazing, monthslong rally has put the S&P 500 back to where it was before the coronavirus slammed the U.S, even though millions of workers are still getting unemployment benefits and businesses continue to shutter across the

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