Governor of New York Andrew Cuomo leaves after ringing the opening bell at the New York Stock Exchange (NYSE) on May 26, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images New York Gov. Andrew Cuomo warned Tuesday that the economy is not going […]
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NYSE floor reopens after historic two-month shutdown of Big Board for coronavirus
The New York Stock Exchange trading floor, closed since March 23, is partially reopening on Tuesday. “I’m ready,” floor trader Jonathan Corpina of Meridian Equity Partners said. “We have been waiting a long time, we are prepared. Our customers are ready.” Corpina acknowledged some trepidation about returning, a feeling of […]
Coronavirus live updates: NYSE trading floor reopens, Gottlieb sees U.S. hospitalizations ticking up
U.S. coronavirus deaths are approaching 100,000, more than double that of any other country, according to data compiled by Johns Hopkins University. Across the country, Americans observed Memorial Day weekend with some states reopening beaches and other outdoor areas. Merck, meanwhile, has entered the vaccine race, announcing Tuesday it has teamed […]
Stocks surge, pushing the S&P 500 back above 3,000 for the first time since early March
Stocks surged on Tuesday as optimism grew about the reopening of the economy and a potential coronavirus vaccine. The S&P 500 rallied 1.9%, breaking above 3,000 for the first time since March 5. The Dow Jones Industrial Average rose 577 points, or 2.4%. The 30-stock average also traded at levels […]
Coronavirus live updates: Gottlieb sees U.S. hospitalizations ticking up, luxury car maker McLaren to cut staff
U.S. coronavirus deaths are approaching 100,000, more than double that of any other country, according to data compiled by Johns Hopkins University. Across the country, Americans observed Memorial Day weekend with some states reopening beaches and other outdoor areas. Meanwhile Merck has entered the vaccine race, announcing early Tuesday it has […]
Stocks surge more than 2%, pushing the S&P 500 back above 3,000 for the first time since early March
Stocks surged on Tuesday as optimism grew about the reopening of the economy and a potential coronavirus vaccine. Here’s what market participants were watching: American biotech company Novavax said Monday it started the first human study of its experimental coronavirus vaccine. The company said it expects initial results on safety and […]
Home prices gained strength as coronavirus shut down economy in March, S&P Case-Shiller says
A for sale sign is seen near a house for sale in South Pasadena, California on April 24, 2020. Frederic J. Brown | AFP | Getty Images Home prices were still gaining steam in March, as the country began shutting down in the face of the coronavirus pandemic. On a […]
Merck in collaboration to develop coronavirus vaccine, with clinical trials to start this year
Nurses work at a drive-thru testing site for the coronavirus disease (COVID-19) at North Shore University Hospital in Manhasset, New York, U.S., May 6, 2020. Brendan McDermid | Reuters U.S. drugmaker Merck on Tuesday said it plans to work alongside nonprofit scientific research organization IAVI to develop a potential vaccine […]
Dow futures jump 500 points as investors bet on the economy reopening and a vaccine breakthrough
Stock futures traded sharply higher early Tuesday to begin a holiday-shortened week, as optimism grew about the reopening of the economy and a potential coronavirus vaccine. Futures on the Dow Jones Industrial Average pointed to an implied opening gain of about 516 points. Dow futures added 513 points or 2.1%. S&P […]
OECD countries log worst quarterly contraction in GDP since the financial crisis
Workers back on the job at the construction site of new towers near Government Center in downtown Boston on May 19, 2020. Lane Turner | The Boston Globe | Getty Images Gross domestic product (GDP) across OECD countries fell by 1.8% in the first quarter of 2020 as Covid-19 containment […]