Stock market live updates: The Dow climbed 202 points at the open, hitting a new all-time high.
popped 3.2% and 2.2%, respectively, in premarket trading on Wednesday after Bank of America upgraded the casino stocks to buy from neutral. The firm said the casino companies, which have been hit from heightened fear about the Chinese coronavirus, will rebound as the number of virus cases meaningfully deadline. This is a reversal for Bank of America, which last month downgraded Wynn Resorts due to fear about the virus.
, while sales in the pharmacy unit grew 4.1%. In September, a federal judge signed off on the company's $69 billion merger with insurer Aetna, which CVS has said will lead to double-digit growth. —Jerome Powell is scheduled to return to Capitol Hill on Wednesday for a second day of testimony on monetary policy, the economy and financial statutes. The Senate Banking Committee hearing is set to begin at 9:30 a.m. ET and include Powell's already-published prepared remarks before a Q&A session. In his testimony before the House Financial Services Committee on Tuesday, Powell said that the
given tame inflation, low unemployment and modest economic growth. But he cautioned that low interest rates, while a positive for business borrowing, could hamstring the Fed's ability to stimulate the economy in the event of a future downturn. —
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Stock market live updates: Dow turns negative, Trump blames Powell for fall, Boeing dropsLive updates of what's moving the market, including the latest on Under Armour, the coronavirus and the Fed.
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Stock market live updates: Dow futures up 140, Bed Bath & Beyond tanks, Powell aheadLive updates of what's moving the market, including the latest on the coronavirus and earnings from companies such as Lyft and CVS Health.
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Dow jumps 170 points, Amazon leads S&P 500 and Nasdaq to record highsAnother day, another set of record highs. The S&P 500 closed up 0.6% and the Nasdaq closed up 1%, both reaching all-time highs today.
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What to watch today: Dow to rise, Powell testifies, coronavirus death toll passes 1,000U.S. stock futures are pointing to a higher open, following record closes for the S&P 500 and Nasdaq on Monday, as investors are encouraged by a slowdown in the number of new coronavirus cases.
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Trump suggests without evidence that Fed Chair Powell caused the Dow to drop | Markets InsiderPresident Donald Trump suggested without evidence that comments by Federal Reserve Chairman Jay Powell drove stocks lower on Tuesday. The Dow Jo...
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What to watch today: Dow to rise, Bernie takes New Hampshire, Powell back on the HillAfter a decline that took the major averages well off their Tuesday session highs, U.S. stock futures are pointing to a strong Wednesday open as investors become slightly less concerned about the coronavirus.
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