U.S. stock futures moved lower in overnight trading and pointed to losses at the open on Wednesday, after a sharp sell-off in the previous session. Dow futures fell 70 points, indicating a loss of 0.3%. The S&P 500 and Nasdaq were also set to open lower, with losses of 0.4% and 0.3%, respectively. Stocks fell
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Pedestrians wearing face masks walk past the New York Stock Exchange. Michael Nagle | Xinhua via Getty Images This is a live blog. Here’s the latest. 7:28 am: Boeing expects airline passenger traffic under 25% in September 7:26 am: Dr. Fauci set to testify before Senate where he will reportedly warn of the danger of
The New York Federal Reserve building in New York. Scott Eells | Bloomberg | Getty Images The Federal Reserve will be starting its long-awaited corporate bond program Tuesday amid a boom in debt issuance. The central bank will kick off its Secondary Market Corporate Credit Facility, which is part of a history-making initiative in which it
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, U.S., April 26, 2020. Jeenah Moon | Reuters Stocks futures rose slightly in overnight trading on Monday as investors evaluated the latest attempts to reopen the economy. Futures
The Marriott hotel in Times Square is barricaded as much of the city is void of cars and pedestrians over fears of spreading the coronavirus on March 22, 2020 in New York City. Spencer Platt | Getty Images Check out the companies making headlines midday Monday: Marriott International — Shares of the hotel operator fell more
A visual representation of the digital cryptocurrency bitcoin. Yu Chun Christopher Wong | S3studio | Getty Images Bitcoin faces a key technical event Monday known as the “halving.” Due to take place later in the day, industry insiders are debating what effect it might have on the cryptocurrency market. So what is the halving? You can
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, April 26, 2020. Jeena Moon | Reuters U.S. stock futures fell on Sunday night after Wall Street posted consecutive rallies to end last week amid the prospects of
Patrick Harker, President of Philadelphia Federal Reserve Bank, during the Fed’s annual Jackson Hole symposium in Wyoming. Gerard Miller | CNBC Philadelphia Federal Reserve President Patrick Harker warned Thursday that reopening the economy too quickly could have grave consequences. The central bank official posed two scenarios: The “more optimistic” one where the economy reopens in
Check out the companies making headlines before the bell: SeaWorld Entertainment – The theme park operator reported a quarterly loss of 72 cents per share, 2 cents wider than expected, while revenue fell below estimates. SeaWorld closed its parks in mid-March due to the coronavirus outbreak, but said it remains confident in the resiliency of
Richmond Federal Reserve President Thomas Barkin told CNBC that he still doesn’t expect negative interest rates to become official policy, even as markets pulled the central bank in that direction. Traders on Thursday priced in a negative federal funds rate by December 2020, lasting at least to January 2022, amid expectations that the central bank
A man wears a mask as he passes the New York Stock Exchange. Mark Lennihan | AP This is a live blog. Please check back for updates. 8:06 am: Wall Street headed for rally on Friday as ‘reopening’ stocks gain in premarket Shares of companies that would benefit most if the U.S. economy reopened led
Check out the companies making headlines after the bell. Booking Holdings — The travel booking service’s stock whipsawed in extended trading after the company released its first-quarter earnings. Booking Holdings said it had earnings of $3.77 per share excluding some items with revenue of $2.29 billion, while analysts estimated earnings of $5.64 per share on
U.S. stock futures rose Thursday night after more gains in tech led to the Nasdaq Composite erasing all of its losses for 2020. Dow Jones Industrial Average futures were up by 133 points, or about 0.6%. S&P 500 and Nasdaq 100 futures traded higher by 0.6% each. The tech-heavy Nasdaq rose 1.4% during the cash
A man wearing a mask walks by the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images This is a live blog. Please check back for updates: 8:01 am: Moderna surges 16% in premarket after FDA approves vaccine phase 2 trial
A person walks past a Virgin Media mobile phone store, closed down due to the Covid-19 pandemic, in London on May 4, 2020. Tolga Akmen | AFP via Getty Images Liberty Global and Telefonica have agreed to combine their U.K. operations in a deal that will create a new giant in the country’s telecommunications industry.
Spirit Airlines aircraft seen at Los Angeles International Airport. Alex Tai | SOPA Images | LightRocket via Getty Images Check out the companies making headlines after the bell. Lyft — The rideshare company’s stock soared 15% in extended trading after Lyft reported first-quarter earnings. The company reported 21.2 million active riders in the first quarter, a
New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images This is a live blog. Check back for updates. 7:50 am: Disney slides after suspending dividend Disney announced that is was suspending its dividend for the
Chinese authorities lifted a more than two-month ban on outbound travel from the city where the global pandemic first emerged. Hecto Retamal | AFP | Getty Images Millions of Chinese people kept their spending down during the first major holiday in China since the coronavirus outbreak. During the Labor Day holiday that ran from May 1
U.S. stock futures rose slightly in overnight trading and pointed to modest gains at the open on Wednesday, following two positive sessions in the equity markets. Fueling the rally is the growing number of states beginning to reopen their economies in the first two weeks of May, making investors optimistic the worst of the pandemic’s
A view of people passing by New York Stock Exchange in Wall Street amid Coronavirus Pandemic on April 5, 2020. John Nacion | NurPhoto | Getty Images This is a live blog. Check back for updates. 7:27 am: Pfizer begins human vaccine trials in the US Pharmaceutical giant Pfizer on Tuesday announced that the first