Wall Street steadies itself, halting four-day losing streak
Tuesday’s market rebound has been the exception this month. Wall Street has suddenly lost momentum in September following months of powerful gains that returned the S&P 500 to a record.
Investing
-
Anthem shares surge as stock market tries to claw back from recent losses
Health care stocks led the market’s spurt Wednesday after a strong performance by Joe Biden on Super Tuesday. Among the biggest gainers was Indianapolis-based health insurer Anthem Inc., with a stock surge of 13.4%.
Read More -
Lawyers tangle as high-stakes Fair Finance suit nears trial
A federal judge in northern Ohio has set aside three weeks for the jury trial, which begins Feb. 24 and pits Fair Finance Co.’s bankruptcy trustee against one of Fair’s former lenders, the Fortune 500 firm Textron Inc.
Read More -
Colleges find big benefits in connecting investors with startups
Colleges nationwide are launching angel networks that connect business executives and investors with entrepreneurs and startups with ties to the school.
Read More -
Developers, investors race to capitalize on ‘opportunity zones’ tax break
The federal “opportunity zones” initiative, designed to spur investment in low-income communities nationwide, is still in its early stages—but it’s already grabbed the attention of local developers and investors. Created as part of the federal tax legislation known as the Tax Cuts and Jobs Act of 2017, the initiative offers substantial tax breaks to those […]
Read More
Articles
Despite rally, most state stocks still down in 2020
Even though the S&P 500 is near a record high, just 15 of 55 Indiana public companies tracked by IBJ are up for the year.
Dow Jones industrial average undergoing makeover
The Dow Jones industrial average, which tracks 30 large, publicly traded companies, is replacing three of the stocks.
How can Wall Street be so healthy when Main Street isn’t?
An amazing, monthslong rally has put the S&P 500 back to where it was before the pandemic, even though millions of workers are still unemployed and businesses continue to close across the country.
Stocks rally worldwide, S&P 500 back to within 3% of record
Gains for tech stocks, particularly Microsoft and Apple, pushed the Nasdaq composite up 1.5%, to another record.
More twists, turns in CNO’s surreal hedge fund odyssey
The Carmel-based insurer for years has been managing the fallout of a deal it cut in 2013 that was supposed to reduce risk but instead blew up in spectacular fashion.
PETE THE PLANNER: Milestones are points on your financial journey, not destinations
Debt elimination is a beautiful thing. From paying off student loans to making your last mortgage payment, getting rid of monthly debt obligations is undoubtedly an accomplishment worth acknowledging and celebrating.
S&P 500 has biggest loss in nearly 4 weeks as tech stumbles
The stock market was dragged down by a report showing layoffs are picking up across the country along with coronavirus counts.
Tech drives stocks to new heights on Wall Street after choppy start
The rally, which gained strength in the final hour of trading, nudged the benchmark S&P 500 index to a slight gain for the year and drove the Nasdaq composite to an all-time high.
Nasdaq hits record as U.S. stocks join global rally
The S&P 500 index posted its fifth straight increase, its longest winning streak since December, as Amazon.com Inc. shares rose past $3,000 for the first time.
Stocks rally on better-than-expected economic data
U.S. companies are providing reason for hope that an earnings recession may be less severe than some analysts expect.
Dow tumbles 730 points as COVID-19 cases rebound in several states
Stocks closed sharply lower on Wall Street on Friday as the number of confirmed new coronavirus cases in the United States hit an all-time high, stoking worries that the reopening of businesses investors have been banking on to revive the economy will be derailed.
China deal ‘fully intact,’ Trump says after adviser roils markets
U.S. futures swung wildly as the remarks caused concern that the deal signed in January, which paused the trade war between world’s two largest economies, was in jeopardy.
Armed with $100M, Novus Capital prowls for acquisition
The “blank check company”—formed to acquire one or more businesses and merge with them as a way to take those companies public—closed its funding round in May and is looking for a business to buy.
Wall Street eyes alternative data to track economy reopening
Because conventional economic reports on hiring, consumer confidence and spending can lag a month or more, investment strategists are looking at other indicators.
Stocks show healthy daily gain but suffer worst weekly loss since March
Friday’s rebound was a reversal for the market, which sold off for three days in a row as a rise in COVID-19 cases and a discouraging economic outlook from the Federal Reserve dashed investor optimism for a quick economic recovery.
Stocks fall sharply on Wall Street as investors turn jittery
The sell-off this week marks a reversal for the market, which rallied 44.5% between late March and Monday, a scorching rate that many skeptics said was unsustainable and didn’t reflect the dire condition of the economy.
Stocks soar as investors look past civil unrest to economic high notes
Wall Street absorbed better-than-expected economic data: Private payrolls shed 2.76 million jobs in May, ADP reported Wednesday. Economists surveyed by Dow Jones had expected a drop of 8.75 million.
Late-session spurt lifts Dow above 25,000 for the first time since early March
The Dow Jones industrial average jumped 553 points Wednesday, about 2.2 percent. Financial stocks and beaten-up industrials helped power the blue chips—a comeback that signals confidence in the recovery.
As earnings season reaches full swing, uncertainty is certain
Companies are being affected in different ways during the pandemic, but if there’s a common theme, it’s that the situation was bad in the first quarter, and it’s going to get worse.