CNBC’s Jim Cramer on Tuesday shot down the notion that the U.S. economy is staging a V-shaped recovery after the S&P 500 crossed closed at an all-time high, a full rebound from the major market meltdown triggered by coronavirus fears in the first half of the year. The S&P 500, […]
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Stay-at-home retail trades are in the ‘early innings,’ retail analyst Dana Telsey says
They’re among the retailers thriving during the pandemic: Amazon, Walmart and Home Depot. And, long-time retail analyst Dana Telsey believes they have plenty of runway left. “It is going to be about home, active and electronics, and I think discounters had a terrific second quarter,” the Tesley Advisory Group CEO […]
Stock futures flat after S&P 500 notches new record
U.S. stock futures were flat in overnight trading on Tuesday, after the S&P 500 hit its highest level ever, wiping out all the losses from the coronavirus sell-off. Dow futures rose 18 points. The S&P 500 and Nasdaq 100 futures gained 0.04% and 0.05%, respectively. On Tuesday, the S&P 500 rose […]
Three reasons why Tesla stock keeps rising, even without big headlines
CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC’S Phil LeBeau explains the reasons behind Tesla’s lightning fast run to nearly $1,890 a share. Plus CNBC’s Frank Holland breaks down how the DIY trend is sending sales – and profits – higher at Home […]
Here’s a list of stock bull markets through time and how this new one stacks up
Ralph Orlowski | Bloomberg | Getty Images The S&P 500 closed at a record on Tuesday, an achievement that brings an official end to Wall Street’s shortest bear market and confirms the comeback rally as a new bull market. The broad market index finished the session at 3,389.78, above its […]
Coronavirus live updates: Notre Dame to move classes online for 2 weeks; Yale saliva test may miss some infections
U.S. coronavirus cases appear to be ticking lower, with the seven-day average of newly reported infections falling below 50,000 for the first time in nearly a month. The U.S. reported 35,112 new cases of the virus on Monday, bringing the average over the past seven days to 49,132, down nearly […]
Stocks making the biggest moves after hours: Cree, Agilent Technologies, Target and more
Chip Chipman | Bloomberg | Getty Images Check out the companies making headlines after the bell: Cree — Shares of the semiconductor company ticked nearly 3% lower in extended trading on Tuesday after giving a weak earnings outlook for the current quarter. Fiscal first quarter revenue outlook came in roughly in […]
What to watch for on Day 2 of the Democratic National Convention
Dr. Jill Biden introduces her husband democratic presidential hopeful former US Vice President Joe Biden during a town hall at the Proulx Community Center in Franklin, New Hampshire on November 8, 2019. Joseph Prezioso | AFP | Getty Images WASHINGTON – It’s Day 2 of the Democratic National Convention, and […]
S&P 500 rises to a record close, fully wiping out its coronavirus losses
The S&P 500 rose to an all-time high on Tuesday, capping off its incredible recovery from the coronavirus-induced sell-off that knocked it off its previous record back in February. The broader market index climbed 0.2% to 3,389.78, a record close. It also notched an intraday all-time high, reaching 3,395.06 earlier in […]
Notre Dame temporarily shifts to remote classes to try to curb coronavirus outbreak, warns it may send students home
Students on campus at the University of Notre Dame Alfredo Sosa | The Christian Science Monitor | Getty Images The University of Notre Dame will move undergraduate instruction online for two weeks to try to curb a coronavirus outbreak on campus, warning that it may send students home if cases […]