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U.S. stocks soared on Monday — buoyed by a round of solid bank results and a reversal of tax cut plans in the U.K. — as investors assembled for a big week of corporate earnings.
All the major market averages finished higher for the week, with the S&P 500 gaining 2.5%, the Dow Jones Industrial average ending up 1.8% and the Nasdaq climbing north of 4%.
May 2, 2022 at 4:05 PM U.S. stocks turned higher in the first session of May following one of the worst monthly performances for the S&P 500 since the depths of the pandemic in 2020.
In corporate news, Twitter Blue is due to relaunch Monday with a nearly 30% surcharge for iPhone owners. The service still costs $8 per month, but will be $11 for those who purchase the services ...
Elsewhere in stock moves Monday, Spotify Technology shares rose roughly 2.1% after the company confirmed the music streaming platform will cut 6% of its workforce, adding to a growing bout of cost ...
The S&P 500 advanced 1.2%, though after paring gains from a sharper move higher earlier in the session, while the Dow Jones Industrial Average added around 340 points, or 1.1%. The technology ...
The phenomenon – a seasonal rise in the stock market that occurs at the end of December – is typically defined as the last five trading days of the year and first two of the new year.
U.S. stocks rallied Thursday as investors digested the release of gross domestic product data and another round of corporate earnings. The S&P 500 increased by 1.1%, while the Dow Jones Industrial ...