Bored, isolated and out of work amid the pandemic, millions of Americans are chasing stock-market glory—and bragging about it online. Not everyone’s a winner though.
Stocks
Shares of technology heavyweights dragged U.S. stocks lower, as major stock indexes logged weekly declines. The tech-heavy Nasdaq Composite shed about 1%.
Major indexes fell after new unemployment claims posted their first week-on-week rise since March, raising concerns that mounting coronavirus infections could slow the economic recovery.
The blue-chip index closed with gains despite U.S.-China relations showing signs of further deterioration as Pfizer reached a procurement deal with the federal government for a potential coronavirus vaccine.
The blue-chip index climbed after earnings reports from major American companies provided fresh insights into how they are coping with the disruption caused by the coronavirus pandemic.
Nasdaq closed at a record and the S&P 500 edged higher as investors digested optimistic news about coronavirus vaccine prospects.
Ant Group, the Chinese tech and financial-services giant that owns mobile-payments network Alipay, said it is planning IPOs in Hong Kong and Shanghai, bypassing New York. The combined offering could be among the largest in history.
The S&P 500 ticked higher, giving the index modest gains for the week as a sharp rally in American markets shows signs of faltering.
The Dow industrials and S&P 500 slipped amid fresh concerns about rising coronavirus infections and the global economy’s faltering recovery from the pandemic.
The Dow industrials and S&P 500 rose as investors cheered promising results from the study of an experimental coronavirus vaccine and Goldman Sachs reported earnings that beat expectations.
The S&P 500 climbed as investors digested second-quarter results from some of the biggest banks for insights into the health of the U.S. economy and its lenders.
Shares of technology companies have leapt ahead of the stock market, and despite a surge in coronavirus cases and the potential for fresh lockdowns, some analysts say it still isn’t too late to catch the rally.
Tesla’s shares are in the midst of a head-spinning rally that has made the electric-car maker more valuable than many of the titans of American industry.
A rally in U.S. stocks fizzled after California rolled back its reopening plans and Los Angeles schools said they would start the year online, spurring worries about another coronavirus lockdown.
Here are seven major companies whose shares moved on the week’s news.
The Dow and S&P 500 closed higher as investors brushed off worries about a fresh wave of coronavirus infections and its impact on the economic recovery.
U.S. stocks dropped as investors continued to back away from bets on a smooth reopening from the coronavirus shutdowns.
More people are dying from Covid-19 in Brazil than anywhere else in the developing world. Yet foreign investors are putting more money into Brazilian stocks than they are taking out for the first time in months.
U.S. stocks advanced, while mainland Chinese shares extended a winning streak for a seventh consecutive day.
U.S. companies scrambling to withstand the coronavirus pandemic unveiled in the second quarter their steepest dividend cuts since 2009, though the pace of cuts appears to have slowed.




