Stock Market Overview
The S&P 500 Index ($SPX) this morning is up +0.08%, the Dow Jones Industrials Index ($DOWI) is up +0.26%, and the Nasdaq 100 Index ($IUXX) is up +0.15%.
U.S. stock indexes this morning shook off early losses and are modestly higher with the Dow Jones Industrials at 2-3/4 month high and the Nasdaq 100 at a new all-time high. Increased government and central bank support have boosted hopes the economy will recover from coronavirus lockdowns.
Stocks found support today after the ECB added 600 billion euros to its Pandemic Emergency Purchase Program, above estimates of 500 billion euros, and extended the program beyond the end of this year to June 2021.
Stocks also found support after German lawmakers late Wednesday agreed on a second coronavirus rescue package worth 130 billion euros ($145 billion), above initial expectations of 100 billion euros.
Today's U.S. labor market data was negative for stocks. U.S. weekly initial unemployment claims fell -249,000 to... Read more
LONDON — British Airways, Marks & Spencer and even Premier League soccer club Tottenham Hotspur are among 53 big companies to take advantage of a special coronavirus loan scheme from the Bank of England to tide them over during the pandemic.
Lucky Paras didn't have to live up to his name to get his money back from an airline. He just approached the problem from a different angle.
Just because stocks have scrambled nearly all the way back to their record heights doesn’t necessarily mean the market is in the clear.
ST. JOHN'S, N.L. — The Canadian government is moving ahead with new rules it says will speed up approvals for exploratory oil and gas drilling off the east coast of Newfoundland.
OTTAWA — A senior official at the Bank of Canada says the central bank will be paying close attention to what the post-pandemic economy can supply and what consumers demand.
BLOOMINGTON, Minn. (AP) _ Toro Co. (TTC) on Thursday reported fiscal second-quarter profit of $98.4 million.
BEIJING (AP) _ SouFun Holdings Ltd. (SFUN) on Thursday reported a first-quarter loss of $39.1 million, after reporting a profit in the same period a year earlier.
CLEARWATER, Fla. (AP) _ Nicholas Financial Inc. (NICK) on Thursday reported fiscal fourth-quarter net income of $2.3 million, after reporting a loss in the same period a year earlier.
MONTREAL — Saputo Inc. saw earnings fall in its most recent quarter, missing analyst expectations, as the COVID-19 pandemic caused a shift in consumer demand late in the fourth quarter.