The Dow Jones Industrial Average traded above 30,000 points for the first time on Nov. 24 as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.
Phil Flynn from the PRICE Futures Group talks about the long-term effects that a new coronavirus vaccine could have on the nation's economy.
Markets are banking on Tuesday's election leading to split control of Congress, which could mean low tax rates, lighter regulation on businesses and other policies that investors like remain the status quo.
Phil Flynn from the PRICE Futures Group talks about how the outcome of local and national elections could determine the stock market.
Phil Flynn from The PRICE Futures Group talks about what the president's rejection of the Democrat's COVID-19 relief package could mean for the national economy.
President Donald Trump says he has instructed aides to stop negotiating on another round of COVID-19 relief until after the election.
Phil Flynn from The PRICE Futures Group talks about what impact President Donald Trump's COVID-19 diagnosis could have on the U.S. stock market.
U.S. equity futures plunged by more than 1.6%, or 500 Dow points after President Trump confirmed through a tweet that he and the first lady tested positive for coronavirus.
U.S. equity markets were sharply lower Monday as investors weighed the possibility of more coronavirus shutdowns in Europe and uncertainty surrounding the U.S. election.
The S&P closed at an all-time high on Tuesday. It took Wall Street five months to rebound from a massive selloff in March to its new peak. Phil Flynn from the Price Futures Group shares his insight.
The Dow Jones Industrial Average was down 629 points, or 2.5%, at 24,975, as of 9:48 a.m. Eastern time, and the Nasdaq composite was down 1.5%. The losses were widespread, with 98% of the stocks in the S&P 500 lower
The report gives credence to the building optimism among stock investors that the economy can recover relatively quickly from its current hole.
U.S. equity markets fought for gains Tuesday after President Trump threatened to deploy the military to quell violence and looting in cities across America after the death of a black man in police custody in Minneapolis.
ISM Manufacturing rose to 43.1 in May.
U.S. equity markets curbed the bulk of their losses Friday after President Trump announced a new wave of crackdown efforts on China, but stopped short of instituting new sanctions or upending the trade deal between the two countries.
The Dow Jones Industrial Average fell 148 points, or 0.58 percent, while the S&P 500 slipped 0.21 percent.
U.S. equity markets were mixed Wednesday as U.S. states continued with their plans to reopen America.
U.S. equity markets surged to their best levels in months as states continued to reopen and as traders returned to the New York Stock Exchange for the first time since shutting down on March 23 to slow the spread of COVID-19.
U.S. equity markets slipped Friday but registered solid weekly gains as investors focused on the reopening of the American economy while also keeping tabs on Chinese President Xi JInping's efforts to tighten his grip over Hong Kong ahead of the Memorial Day weekend.
U.S. equity markets slipped Thursday as investors weighed the pace of the economic recovery after job losses tied to COVID-19 remain elevated.