Categories stonks

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Nasdaq 10,000, or whatever

After touching the 10,000-point milestone yesterday, the Nasdaq Composite set a new all-time intraday high this morning of 10,028.61, per Yahoo Finance. In more normal times this would be a fanfare moment, the culmination of a long rise in the tech-heavy index indicative of an industry’s rising power. Instead, it […]

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US markets shrug off record unemployment numbers as tech shares rise

Despite reports of historic unemployment, with roughly 6.6 million Americans filing for unemployment, domestic stocks rose during regular trading today. One day after grim estimates on the potential death toll from the COVID-19 epidemic in the U.S. sent stocks tumbling, and amid a continuing economic fallout from the government’s response […]

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Stocks post worst quarter since 2008 financial crisis

The first quarter of 2020 ended with a whimper — with the Dow Jones Industrial Average, S&P 500 and Nasdaq posting their worst quarter in decades — as the COVID-19 pandemic continues to cause uncertainty and volatility across all major stock market indices. At the beginning of the quarter, we […]

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The Dow and S&P near three-year lows, Nasdaq falls as well, and treasuries are no haven

It was another brutal day on Wall Street as investors continue to come to grips with the new economic realities imposed by the COVID-19 outbreak in the U.S. Both the Dow Jones Industrial Average (DJIA) and the S&P 500 are scraping near their lowest point in the last three years, […]