S&P Dow Jones Indices, a division of financial data provider S&P Global Inc, said on Thursday that it will launch cryptocurrency indices in 2021, making it the latest major finance company to enter the nascent asset class.
The S&P 500 and Dow Jones industrial average notched record closing highs on Monday as news of another promising coronavirus vaccine fanned hopes of eradicating Covid-19, while spiking infections and new shutdowns threatened to hobble a recovery from the pandemic recession.
Wall Street stocks jumped on Friday with the Nasdaq racing to yet another record as progress on a coronavirus vaccine offset worries about spiking US case levels. The tech-rich Nasdaq Composite Index finished at 10,617.44, up 0.7%, notching its sixth record close in seven sessions.
Wall Street stocks finished lower following a choppy session on Tuesday as mixed earnings reports and weak consumer data underscored the economic challenges caused by the coronavirus shutdowns.
Wall Street stocks tumbled for a second straight session on Tuesday as worries about the chaos in the oil market overshadowed progress in Washington on additional relief for small businesses.
Wall Street’s three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P 500 suffering its deepest quarterly drop since the financial crisis on growing evidence of massive economic damage from the coronavirus pandemic.
Global stock markets crashed on Friday, ending a years-long bull run, with coronavirus panic selling hitting almost every asset class and leaving investors nowhere to hide. Half a trillion dollars in liquidity from the U.S. Federal Reserve and the promise of more were not enough to calm the fear that has wiped some US$14 trillion from world stocks in a month.
World oil prices crashed on Monday, fuelling a vicious selloff on stock markets that were already buckling from the spreading coronavirus outbreak. Stocks tanked as the global oil market nosedived 30% at one stage after top exporter Saudi Arabia slashed the prices it charges customers following a bust-up with Russia over crude production cuts.
Wall Street stocks finished at records again on Monday, with an executive shakeup at Boeing lifting the Dow, as a holiday-shortened week opened with a flourish. The Dow Jones Industrial Average climbed 96.44 points (0.34 percent) to finish the last full session before Christmas at 28,551.53.
US stocks tumbled into the red on Monday as attacks on Saudi crude production and record jumps in oil prices whipped up investor anxieties about the global economy.