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Markets Right Now: Stocks move solidly higher on Wall Street Media conglomerate Viacom sank 4 percent following reports that sibling company CBS wanted to buy it for below its current market value. CBS rose 2.5 percent. The S&P 500 rose 10 points, or 0.4 percent, to 2,592. The Dow Jones industrial average climbed 130 points, or 0.5 percent, to 23,775.
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Markets Now: Stocks Bounce Back! 3:35 pm: The market has taken off in late trading, erasing much of its losses after falling nearly 2% Monday. The Dow Jones Industrial Average is up 327.82 points, or 1.39%, to 23,972.01; the S&P 500 is up 26.15 points, or 1.01%, to 2608.03; and the Nasdaq Composite is up 59.94 points, or 0.87%, ...
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More Wild Movements On The Stock Market this one claiming that CBS today made an all-cash offer with a valuation below its current stock price. With that CNBC report, Viacom shares slid 3.7%, to $29.42, while CBS gained 4.3%, to $52.87. CBS's special committee wants CBS CEO Les Moonves and COO Joe Ianniello to lead the company, the ...
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Fed watching for financial shocks as risks build: Brainard NEW YORK (Reuters) - High asset prices and growing economic pressure from U.S. fiscal stimulus mean financial markets may be particularly vulnerable to an unexpected shock, an influential Federal Reserve governor said on Tuesday, warning the central bank could respond with stronger ...
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2018: When 400-point stock swings became normal NEW YORK (CNNMoney) - Remember when the markets were boring? Volatility was essentially absent throughout 2017 -- the calmest year for markets in more than five decades. But the stock market roller coaster is back. Giant 459-point swings like Monday's plunge in the Dow are the new normal.
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Stock Market Today: April 3, 2018 Following yesterday's tech-driven selloff, the major U.S. indexes rebounded in a big way late on Tuesday afternoon. While all three of the large-cap groupings traded steadily in positive territory for most of the day, persistent challenges threatened to keep the averages lower than their daily highs or near ...
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