U.S. stocks slipped, failing to extend their rally after major indexes hit records a day earlier and investors readied for a slew of blue-chip earnings.
The Nasdaq Composite and S&P 500 climbed to fresh records Monday amid sharp swings in technology stocks and a big week for corporate earnings.
U.S. stocks wobbled Friday but managed to post weekly gains, lifted by shares that rallied on strong quarterly reports.
The Nasdaq Composite rallied to a record close Thursday as investors showed renewed interest in megacap technology companies ahead of their earnings reports in the weeks ahead.
Rising shares of Netflix and other technology companies pushed major stock indexes to fresh records Wednesday, reviving Wall Street’s appetite for growth stocks.
U.S. stocks climbed as Janet Yellen endorsed higher coronavirus relief spending and some of the country’s biggest banks beat expectations for fourth-quarter earnings.
U.S. stocks fell after President-elect Joe Biden unveiled a $1.9 trillion Covid-19 relief plan and the December retail-sales report came in weaker than expected, underscoring the coronavirus pandemic’s continued effect on the economy.
U.S. stocks edged lower Thursday as investors awaited details of the incoming Biden administration’s plans for a fresh coronavirus relief package. President-elect Joe Biden is expected Thursday evening to unveil details on his proposed spending package to support households and businesses. Many investors are counting on additional stimulus to help the economy recoup wide-ranging losses stemming from the coronavirus pandemic and restrictions put in place to fight it.
U.S. stocks wobbled Wednesday, swinging between small gains and losses for most of the session, as investors monitored the impeachment proceedings against President Trump in Washington.
Major U.S. stock indexes edged slightly higher Tuesday, though weakness in the shares of technology and social- media companies capped their gains.