Stocks surge on vaccine news, Biden victory

Nov 9, 2020
Markets were already sharply higher when Pfizer said that data shows vaccine shots may be 90% effective at preventing COVID-19.
Any economic recovery depends on checking the pandemic, and investors pounced upon the news. Pfizer’s data is only preliminary and does not mean a vaccine is imminent.
Jeenah Moon/Getty Images

Stock futures, oil prices bounce after Trump falsely asserts he won

Nov 4, 2020
As of 4 a.m. Eastern time, Trump and his Democratic challenger Joe Biden still were locked in tight races in a handful of battleground states.
Trump said early Wednesday at the White House, “Frankly, we did win this election.” That assertion did not match the results and information available to the AP.
Jung Yeon-Je/AFP via Getty Images

Wall Street follows world markets higher as Americans vote on Election Day

Nov 3, 2020
Markets are up on investor hopes that a Joe Biden victory in the U.S. presidential election might lead to more economic stimulus.
Many investors expect a “Democratic sweep, which is the key to unlocking Congress’s ability to deliver significant fiscal stimulus,” said Stephen Innes of Axi in a report.
Kerem Yucel/AFP via Getty Images

When stock exchanges malfunction, what keeps total chaos from taking hold?

Oct 20, 2020
A lot of investment banks and brokers are working behind the scenes to straighten out all of the stock exchange orders.
On Monday, markets across Europe were taken completely offline after their exchange operator, Euronext, suffered a software glitch.
Thomas Lohnes/Getty Images

Stocks plunge, resuming volatility, as traders, analysts find data lagging

Mar 5, 2020
"Analysts have their hands in the air," one investment strategist says as markets struggle to predict the future.
There's evidence that the more markets go up and down, the more they are driven by emotion.
Johannes Eisele/AFP via Getty Images

What’s really happening when markets react to trade war news

Aug 26, 2019
When news breaks on the trade war, algorithms and wishful thinking kick in.
Don Emmert/AFP/Getty Images

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Apple shares drop after news of waning iPhone sales

Jan 3, 2019
Cook also attributes challenges in China to the projected downturn in revenue.
Apple CEO Tim Cook delivers the keynote address at the Apple 2012 World Wide Developers Conference (WWDC) at Moscone West on June 11, 2012 in San Francisco, California.
Justin Sullivan/Getty Images

Can Trump fire Fed Chair Jerome Powell?

The president isn’t happy with the Federal Reserve’s interest rate hikes.
President Donald Trump looks on as his nominee for the chairman of the Federal Reserve, Jerome Powell, speaks during a press event at the White House last year.
Drew Angerer/Getty Images

How falling bond yields are both good and bad for the economy

Dec 20, 2018
Thursday saw another big stock market sell-off.  The Dow Jones Industrial Average slumped 464 points, or 1.9 percent. The Dow is off 10 percent for December, and the Nasdaq is down more than 19 percent since Aug. 29. The bond market has been heading in the opposite direction these last few weeks, as increased investor interest […]