NEW YORK (AP) — The #MeToo movement fighting sexual misconduct had already claimed one of Hollywood’s top movie moguls in Harvey Weinstein. Now it has done the same for Leslie Moonves, one of the television industry’s most powerful executives.
Investors were cheered by signs that the Trump administration’s trade policies appear to be producing cooperation and compromise rather than sparking a trade war.
Despite inflation data showing prices rising faster than expected, stocks rose on Wednesday and economists reduced Q1 GDP estimates.
Monday’s gains were spread widely through the market with 10 of the 11 S&P sectors up. The energy sector saw the best performance of the day, boosted by rising energy prices.
In a wild end to a wild week in the stock market, the Dow Jones Industrial Average stocks fall by as much 500 points only to soar later.
Just when you thought it was safe to go back into the stock market again, stocks are falling again Thursday.
The Dow is down by around 3.6 percent for the week, making this the worst week for stocks since January 2016.
Markets are off to a roaring start for the year, climbing the wall of worry about frothy valuations to even higher levels.
The Dow Jones Industrial Average achieved yet another milestone Wednesday, hitting 22,000 for the first time in history.
Best Buy soars 21%.
The Dow Jones Index had its best week since 2011, when it rose approximately 5.4 percent after President-elect Donald Trump’s election victory.
Wall Street traders booed Hillary Clinton on the floor of the New York Stock Exchange during her concession speech to President-elect Donald Trump Wednesday.
With the new letter by Director James Comey released Sunday stating the FBI has reviewed Anthony Weiner’s laptop and concluded it will still not recommend prosecuting Hillary Clinton for her private email server, the value of the Mexican peso jumped for joy.
Reuters reports: “Wall Street tumbled on Wednesday, with the S&P 500 hitting its lowest since February 2014 and deepening this year’s selloff as oil prices plummeted unabated.”
