Here’s what happened to the stock market on Thursday

Dow Jones Industrial Average falls 361 points The Dow dropped 361.19 points, or 1.39%, to 25,706.09. The S&P 500 slid 0.56% to 3,152.05. The Nasdaq Composite rose 0.53% to close at 10,547.75.  Record hospitalizations in Florida Stocks hit their lows of the day after Florida reported a record in coronavirus-related hospitalizations. The state also reported a record spike in Covid deaths. […]

A day-trader on Reddit claimed they made a 3,500% gain, and turned $35,000 into $1.25 million during the pandemic

A Reddit user on the site’s “WallStreetBets” forum claimed they turned $35,000 into $1.25 million during the throes of the pandemic.“I cracked the 7-figure mark, and then some,” the trader said in a post published on Wednesday. Going by the username mori226, the anonymous trader claimed to have had an “insane wild ride” through 350 […]

Here’s what happened to the stock market on Wednesday

Dow Jones Industrial Average rises 177 points The Dow gained 177.10 points, or 0.68%, to close at 26,067.28. The S&P 500 climbed 0.78% to 3,169.9. The Nasdaq Composite notched another record close, rising 1.44% to 10,492.50. Gains in major tech companies helped the major averages regain some of the losses from Tuesday’s session.   Another strong day for tech Microsoft shares rose 2.20% […]

Stock Markets Rebound Wednesday as Slack, Zoom Vie for Workplace Collaboration Supremacy

The stock market rebounded on Wednesday, fighting back against coronavirus fears and instead focusing on the potential for economic recovery across the globe. The Dow Jones Industrial Average and S&P 500 traded lower for a few moments during the day, but by the end, they joined the Nasdaq Composite with gains of as much as 1%. Today’s stock market Many of […]

Underneath the global stock market’s impressive rebound, investors still doubt prospects for V-shaped recovery, says Morgan Stanley

Don’t believe the hype that markets have baked in a V-shaped recovery. Analysts at Morgan Stanley note the sharp run-up in stock and corporate bond markets worldwide since March has led many to conclude that over-optimistic investors have already priced in a swift recovery from the coronavirus-driven recession. But in a Wednesday note, they argue […]

Lightspeed Venture Invests $2.8M in Crypto Market Maker Wintermute

Wintermute, an algorithmic liquidity provider, has received a $2.8 million investment from the prominent early-stage firm Lightspeed Venture Partners. The London-based firm distributes liquidity with techniques similar to those used in high-frequency trading and traditional market making.Founded in 2017, Wintermute provides liquidity on more than 500 spot trading pairs, on dYdX perpetual swaps and a […]

5 things to know before the stock market opens Wednesday

1. Wall Street set for steady open after sell-off U.S. stock futures were pointing to a steady open Wednesday, one day after Wall Street’s sell-off that saw the Dow Jones Industrial Average break its two-session winning streak with a nearly 400 point, or 1.5%, decline. The S&P 500 and Nasdaq saw their five-session winning streaks end with roughly 1% declines. The Nasdaq’s slip followed Monday’s […]