Tag: Stocks

Nordstrom, Macy’s stocks soar after positive vaccine news

Nordstrom shares have soared after positive coronavirus vaccine news from Pfizer and Moderna.


AFP via Getty Images

Positive vaccine news two weeks in a row has sent department store stocks soaring.

Nordstrom Inc.
JWN,
+2.11%

shares have skyrocketed 58.6% for the month to date. Macy’s Inc.
M,
+2.15%
,
which is scheduled to announce third-quarter earnings on Thursday, is up29.2% for the period. And Kohl’s Corp.
KSS,
-1.71%
,
which reported third-quarter earnings on Tuesday, is up 22.8% for November so far.

Shares of J.C. Penney Co. Inc.
JCPNQ,
-19.07%
,
which just had the sale of its retail

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Premarket stocks: Investors are still in the dark as Trump returns to the White House

What’s happening: Trump, who remains heavily medicated, is still infected with the coronavirus. However, his physician Dr. Sean Conley said it had been 72 hours since Trump’s last fever and that his oxygen levels were normal, insisting that the president met the criteria to be discharged.

Optimism about Trump’s condition, along with stimulus hopes, drove a sharp recovery in stocks on Monday. The S&P 500 finished 1.8% higher, while the Nasdaq Composite gained 2.3%.

Yet tons of variables remain, preventing the momentum from spilling over into another trading session.

Investors don’t have great information to work with. Conley — who … Read more

Premarket stocks: What would a contested US election mean for investors?

What’s happening: Trump failed to commit on Wednesday to a peaceful transition of power after Election Day, fueling concerns he may not relinquish his office should he lose in November.

“Well, we’re going to have to see what happens,” Trump said.

Why it matters: The political and democratic implications of such a comment merit their own debate. For Wall Street, however, it feeds fears that a contested election result and a potential constitutional crisis could spark weeks of uncertainty at a delicate moment for markets.

Though they’re still up dramatically from March lows, stocks have been shaky this week. … Read more

Dow rises slightly as Fed pledges to keep rates low, tech stocks weigh on broader S&P 500

The Dow Jones Industrial Average eked out a small gain on Wednesday after the Federal Reserve indicated it will keep interest rates lower over the next few years. However, the broader market S&P 500 struggled as shares of major tech companies declined. 

The 30-stock Dow closed 36.78 points higher, or 0.1%, at 28,032.38. The S&P 500, meanwhile, slid 0.5% to 3,385.49. The tech-heavy Nasdaq Composite dropped 1.3% to 11,050.47. Both the Dow and S&P 500 hit their session highs after the Fed’s announcement was released, but they quickly gave back those gains. 

Apple dropped nearly 3%. Facebook ended

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Stock Trading 101: Everything You Need to Know About Buying and Selling Stocks | Investing 101

Buying stocks is an investment that represents part ownership in a corporation, entitling the stockholder to part of that company’s earnings and assets.

While investing in individual stocks isn’t for everyone, determining your strategy ahead of time can make it less vexing, says Michael Antonelli, managing director and equity sales trader at Baird, a Milwaukee-based investment bank.

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