BUSINESS/FINANCE NEWS
Setup News Ticker
   BUSINESS/FINANCE NEWS
Searching for 'Stocks Nasdaq'. (Return)

MarketWatch Breaking NewsSep 24, 2020
Nasdaq futures underperform overnight as pressure on tech stocks continues
Nasdaq futures underperform overnight as pressure on tech stocks continues

KiplingerSep 23, 2020
Stock Market Today: Stocks Step Back Amid Economic Gloom
Stocks tumbled Wednesday, weighed down by some downbeat economic data and the stalemate in Congress over additional fiscal stimulus. On the economics front, a report from IHS Markit showed the recovery in U.S. business activity slowed last month, raising fears that the economy is decelerating as it approaches the end of the third quarter. Meanwhile, the impasse in D.C. over a second round of financial help for businesses and the unemployed continued to hurt investor sentiment. The blue-chip Dow Jones Industrial Average finished the session down 1.9%, or 525 points, at 26,763.

SEE MORE 13 Best Warren Buffett Growth Stocks Although stocks gave up early gains on Wednesday morning following disappointing business activity data, strategists noted that the landscape wasn't totally bereft of good news. "On the positive side, Nike posted strong fiscal first-quarter earnings, driven by more than 80% growth in digital sales," writes Argus Research. "Johnson & Johnson also announced the start of a Phase 3 trial of its single-dose coronavirus vaccine candidate."

Other action in the stock market today:

The Nasdaq Composite lost 3%.The S&P 500 fell 2.4% The small-cap Russell 2000 declined 2.9%. Tesla's (TSLA) long-awaited "Battery Day" landed with a thud. The electric vehicle company touted a cheaper, more efficient battery that would lower car prices, but ultimately the Street responded by selling the news. "Tesla's battery day was long on vision and boldness, but short on specifics and near term deliverables," wrote Bernstein Research. Shares in


MarketWatch MarketPulseSep 23, 2020
Dow closes 525 points lower and S&P 500 stares down first correction since March as stock market hits session low
Stocks faced heavy selling Wednesday, pushing the main equity benchmarks to approach lows achieved earlier in the week as investors' appetite for assets perceived as risky appeared to abate. The Dow Jones Industrial Average closed 525 points, or 1.9%,lower at 26,763, around its low for the day, while the S&P 500 index declined 2.4% to 3,237, threatening to push the index closer to correction at 3,222.76 for the first time since March. The Nasdaq Composite Index retreated 3% to reach 10,633, deepening its slide in correction territory, defined as a drop of at least 10% from a recent peak.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseSep 23, 2020
Gores Holdings stock soars after SPAC's deal to take United Wholesale Mortgage public
Shares of Gores Holdings IV Inc. shot up 16% in premarket trading Wednesday, after the special purpose acquisition company (SPAC), also known as a blank-check company, announced it will take United Wholesale Mortgage public in deal that values the mortgage lender at $16.1 billion. The deal includes $425 million of cash from Gores and a $500 million private placement, which is anchored by "top tier" institutional investors. After the deal, the company will operate under the United Wholesale Mortgage (UWM) name, and the stock will be listed on the Nasdaq under the ticker symbol "UWMC." Michigan-based United Wholesale said it is the largest wholesale mortgage originator in the U.S., and the companies boast that UWM's valuation makes the deal the largest transaction by a SPAC to date. Gores's stock, which went public in March, has gained 7.9% over the past three months through Tuesday, while the Renaissance IPO ETF has run up 23.1% and the S&P 500 has gained 5.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Yahoo BusinessSep 23, 2020
Market Recap: Wednesday, September 23
Stocks accelerated losses into the close Wednesday, erasing earlier gains and ending an advance that began on Tuesday. The S&P 500, Dow and Nasdaq each had their worst day in two weeks, with the S&P 500 sinking more than 2%, led by a drop in the energy and information technology sectors, to close at its lowest level since the end of July. The Nasdaq's more than 3% decline brought the index down also to near a two-month low while the Dow fell to its lowest close since the beginning of August.


RELATED ARTICLES
Dow tumbles 525 points on Wednesday, setting up worst weekly slump since June as tech, energy fall (MarketWatch MarketPulse)
TRENDING TAGS
Stockstech buy Points lower stimulus
StockMarket buy Tesla Today Points
Trumpelection Eric Judge Biden Before
Techstocks Points Dow Apple Down
Coronavirusvaccine Fauci study Rand Paul
Teslabattery Day stock Musk sees
COVID-19Johnson Vaccine cases test &
ChinaTikTok deal Retail trading craze
FedOfficials Stocks stimulus Recovery investors
PointsDow Tech Down Stocks Market

NEWS SOURCES
Top News (Business News)
Accounting Today
AdWeek News
Banking Business Review
Barron's This Week Magazine
Barron's Up and Down Wall Street Daily
Brad Ideas
Chicago Tribune Business News
CNBC Business
CNBC Economy
CNBC Finance
CNN/Money
CNN/Money Real Estate News
Dismal.com: Analysis
Dismal.com: Indicators
Enterprise Application News
Entrepreneur.com
Forbes Headlines
Forbes Social Media News
FT.com - China, Economy & Trade
FT.com - Financial Markets
FT.com - Hedge Funds
FT.com - Telecoms
FT.com - US
Google Business News
Google Market News
HBS Working Knowledge
Inc.com
INSEAD Knowledge
International Tax Review
Kiplinger
Knowledge@Wharton
L.S. Starrett News
MarketWatch
MarketWatch Breaking News
MarketWatch MarketPulse
McKinsey Quarterly
MSNBC.com: Business
Nielsen Trends
NonProfit Times
NPR Topics: Business
NYTimes Business
OpinionJournal.com
Private Equity Breaking News
Reuters Business
Reuters Company News
Reuters Money
SEC.gov Updates: News Digest
SHRM HR News
Tax Policy News
The Economist International News
The Motley Fool
USA Today Money
Wall Street Journal US Business
Wall Street Transcript
Washington Post Business
WSJ Asia
WSJ Europe
WSJ MoneyBeat
WSJ Opinion
WSJ US News
WSJ World Markets
Yahoo Business
  • CEOExpress
  • 1 Boston Place | Suite 2600
    Boston MA 02108
  • 617 482 1200
    617 299 8649 (fax)
  • Contact
  • As an Amazon Associate
    CEOExpress earns from
    qualifying purchases.

©1999-2020 CEOExpress Company LLC