Stock Market

A day after the Stock Market was closed for Thanksgiving, news of a new COVID-19 variant sent stocks falling, with the Dow losing 1,000 points.

Fears of the spreading delta variant of the coronavirus prompted a slide in stocks on Monday. Airlines, hotels, cruise ships, and other tourism-based companies had some of the biggest stock losses.

The benchmark index climbed 0.13% while the Dow Jones Industrial Average rose 210 points, or 0.61%.

Investors turned their focus to another wild surge in GameStop and a handful of other stocks favored by online investors.

The House Financial Services Committee is holding a hearing Thursday following January’s GameStop saga during which shares soared 1,600% before falling back to Earth.

The parents of Alex Kearns, 20, say he thought he had lost $730,000 when he took his own life. They are now suing Robinhood Financial, claiming the popular stock-trading platform’s business practices "directly" led to their son’s death.

A college student donated Nintendo Switches and games to Children’s Minnesota Hospital after making money from his GameStop stocks.

The rush into silver futures Monday created confusion amid Wall Street chaos, with some retail traders on Reddit calling the surge in commodity prices a “false flag.”

Wall Street professionals were counting on GameStop’s stock price to plunge - but an army of smaller investors rallied on Reddit to beat the pros and support the struggling retail chain.

U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.

The Dow Jones Industrial Average traded above 30,000 points for the first time on Nov. 24 as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.

Much of Wednesday's strength for Wall Street was due to big gains for technology stocks. Investors have increasingly seen these stocks as some of the safer bets in the market, able to grow their profits even in a pandemic as more of daily life shifts online.

President Donald Trump says he has instructed aides to stop negotiating on another round of COVID-19 relief until after the election.

U.S. equity futures plunged by more than 1.6%, or 500 Dow points after President Trump confirmed through a tweet that he and the first lady tested positive for coronavirus.

The Dow Jones Industrial Average was down 629 points, or 2.5%, at 24,975, as of 9:48 a.m. Eastern time, and the Nasdaq composite was down 1.5%. The losses were widespread, with 98% of the stocks in the S&P 500 lower

Stocks are falling sharply on Wall Street Thursday as coronavirus cases increase again, deflating recent optimism that the economy could recover quickly as lockdowns ease.