Wednesday, May 1, 2024
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The benchmark S&P 500 rose modestly on Wednesday, with gains in technology shares offsetting declines in financials and defensive groups as data showing U.S. private employers laid off 20 million workers in April underscored the economic fallout of the coronavirus outbreak.

Tech leads Wall Street higher as financials fall

The tech-heavy Nasdaq rose over 1% while the Dow eked out a gain. Four of the 11 major S&P sectors were positive, with tech leading. Financials...
Global shares fell on Friday, hit by delays to an agreement on divisive details of the European Union’s stimulus package and doubts about progress in the development of drugs to treat COVID-19.

Stocks fall on worries over EU stimulus details, coronavirus drug

MSCI’s All Country World Index, which tracks stocks across 49 countries, was down 0.3% and heading for its worst week in three, while MSCI’s broadest index of Asia-Pacific shares...
A jump in energy stocks lifted European stock markets on Thursday, while investors counted on more stimulus to revive the bloc’s economy as the coronavirus-induced lockdowns brought activity to a halt in April.

European shares look past dire data, energy stocks jump

The pan-European STOXX 600 was up 0.3%, recovering for a second straight day as oil prices edged higher after collapsing at the start of the week.
U.S. stock index futures rebounded on Wednesday as upbeat quarterly earnings reports lifted investor sentiment following a two-day selloff due to a record crash in oil prices, even as companies warned of more pain in the coming months.

Futures bounce after two days of oil-led rout

The benchmark S&P 500 index fell nearly 5% in the first two days of the week as May WTI contracts plunged below zero and the benchmark Brent LCOc1 hovered near...
Developing world stocks and currencies retreated on Tuesday as a plunge in oil prices underscored deep economic ructions from the coronavirus pandemic, sapping risk appetite.

Stocks see worst day in nearly 3 weeks as oil crash spells more gloom

U.S. oil prices fell into a negative territory for the first time ever on Monday, while international crude prices continued to decline as COVID-19 severely curbed demand and saw...
U.S. stocks were set to fall on Monday as energy shares took a hit from sliding oil prices, while investors braced for a week packed with earnings reports and economic data that could provide more evidence of the damage wrought by the coronavirus.

Wall St set to open lower as crude slump batters energy stocks

Exxon Mobil Corp shed 5.6% in premarket trading and Chevron Corp 4.8% as the U.S. West Texas Intermediate (WTI) contract fell 35% to levels last seen in 1998 on...
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S.

S&P 500, Dow slip on grim earnings, coronavirus worries

A 4.7% fall for Boeing Co drove the blue-chip Dow Jones Industrials down more than 1%, as European rival Airbus said it was examining requests to defer deliveries after a...
Global share markets dipped into the red on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage done during the coronavirus panemdic even as some countries try to re-open for business.

Global shares dip as dire warnings for global economy weigh

China moved again to cushion its economy, cutting a key medium-term interest rate to record lows, paving the way for a similar reduction in benchmark loan rates, while reducing...
Asian equities extended gains on Tuesday after China’s trade data came in better than expected and as some nations tried to restart their economy by partly lifting restrictions aimed at containing the coronavirus outbreak.

Asia shares hit 1-month high on Chinese trade data, easing pandemic worries

European stock markets were headed for a strong start, with FTSE futures up 1.5%, German DAX futures gaining 1.7%, Euro Stoxx 50 futures up 1.4%, and U.S. stock futures...
European stock markets gained for a fourth straight day on Thursday with sentiment propped up by the latest round of stimulus from the U.S. Federal Reserve and on hopes the coronavirus pandemic was close to peaking.

European shares post best week since 2011, focus on EU stimulus

The pan-European STOXX 600 index closed up 1.6% to end a holiday-shortened week 7.4% higher – its best week since 2011. London's FTSE led the charge among European majors, up...