Wall Street ended another wobbly day mostly higher Wednesday, enough for the S&P 500 and Dow Jones Industrial Average to notch record highs
wall street
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Worries about debt-engorged Chinese property developers – and the damage they could do to investors worldwide if they default – are rippling across markets.
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Robinhood has created plenty of passion, and its polarizing effect played out Thursday, as its shares careened from a gain of 5.9% to a loss of 12.2% within their first hour of trading.
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Airlines and stocks of other companies that would get hurt the most by potential COVID-19 restrictions were taking some of the heaviest losses, similar to the early days of the pandemic in February and March 2020.
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Leading the way again for markets were stocks of companies whose profits would benefit the most from the economy climbing out of its deep recession, such as travel companies and banks.
Wall Street ends higher after shaking off a wobbly start
Traders welcomed encouraging data on the pace of layoffs and how powerfully the economy rebounded during the summer from its coronavirus-induced coma.
Tech slump sends stock market to its biggest loss since June
Investors will be paying close attention Friday when the Labor Department releases its August job report.
Stocks climb, extending gains and notching record for Nasdaq
Stocks that would benefit most from an economy that’s growing again were rising the most.
A late slump leaves stock market lower after a choppy day
Losses in banks, health care stocks and household goods companies accounted for a big portion of the selling.