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A version of this story appeared in CNN Business’ Nightcap newsletter. ... To be sure, the carnage on Wall Street and in equities markets around the world was real. Stocks sank 3%, and the Dow ...
Despite whipsawing this week, stocks are still on pace to notch strong returns for the year: The S&P 500 is up 12% for 2024, the Dow has climbed 4.8% and the Nasdaq has gained 11.6%.
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CNBC has been criticized for allegedly amplifying bull and bear markets, particularly in the run-up to the dot-com bubble and the subprime mortgage crisis a decade later. [28] [92] [93] In response to these criticisms, CNBC anchors have pointed to the size of the market and noted that influencing it is "a little out of our reach". [92]
CNNfn was the first to automatically tap into the ticker feed and create an engine that would "auto-select" hot stocks and otherwise prioritize the display to show the most relevant stocks. The first with advertising campaign management. The online advertising market was just being invented while CNNfn's website was being launched.
With the earlier launch of CNN by Ted Turner paving the way (Inger provided the original stock market commentary to Ted Turner's WTBS Channel 17 in Atlanta, WRET-TV [later WPCQ, now WCNC] in Charlotte and Hubbard's Channel 44 in Tampa), and following a 1975 TV Guide article about Gene Inger's programming success in New York, Taylor and Buchser ...
Strategy, formerly known as MicroStrategy, stock shed 6% despite the company saying late Monday it had recently bought more bitcoin. Bitcoin was last down 3.09% at $88,501.03.
The New York Stock Exchange reopened that day following a nearly four-and-a-half-month closure since July 30, 1914, and the Dow in fact rose 4.4% that day (from 71.42 to 74.56). However, the apparent decline was due to a later 1916 revision of the Dow Jones Industrial Average, which retroactively adjusted the values following the closure but ...