The major indexes couldn’t hold on to their session highs but still finished with solid gains for Monday’s session. The Dow rose 250 points, or 0.9%, while the S&P 500 advanced 1.6%. The Nasdaq Composite climbed 2.6%. Apple’s gain of 6.4% boosted all three indexes. — Jesse Pound
Final hour of trading: Tech shares spark massive market rally to start the week
The major averages were headed for sharp gains on Monday, with tech stocks leading the gains. The Dow traded 300 points higher, or 1%. The S&P 500 jumped nearly 2% and the Nasdaq Composite popped more than 3% for its biggest one-day rally since April. —Fred Imbert
Oil slips nearly 3% as supply comes back online
Oil prices slid on Monday after supply came back online in the U.S., Libya and Norway. West Texas Intermediate crude, the U.S. oil benchmark, slid $1.17, or
Star Trek: Discovery’s second season ended with the crew of the USS Discovery jumping 930 years into the future. It was a blind leap into the unknown, with no guarantee of safety or even sentient life. For the crew, that meant leaving behind friends and family nearly a millennia in the past.
For viewers, this might be the best thing that’s happened to Discovery, which premieres on Thursday on CBS All Access (Disclosure: CBS All Access is owned by ViacomCBS, which also owns CNET).
The show has spent its first two seasons tip-toeing and contorting itself around different aspects of Trek lore, from Michael Burnham’s (Sonequa Martin-Green) relationship with foster brother Spock (Ethan Peck) and father Sarek (James Frain) to the question of bald Klingons and why we had never heard
GameStop (GME) – Get Report said Thursday that it entered a multiyear strategic partnership agreement with Microsoft (MSFT) – Get Report that the videogame retailer said would expand its product offerings and enhance its retail infrastructure.
Shares of the Grapevine, Texas, company were soaring nearly 20% to $11.19, while Microsoft was up slightly to $210.59.
Under the agreement, GameStop will standardize its back-end and in-store solutions on Dynamics 365, Microsoft’s portfolio of cloud-based business applications and customer data platform.
GameStop said this would enable store staff to access omnichannel insights about customer preferences and purchasing history, real-time information on product availability, subscriptions, pricing, and promotions.
Associates will be equipped with new Microsoft Surface devices, which will enable them to move freely within the stores.
GameStop said it planned to roll out Microsoft 365 and Microsoft Teams, the business communication platform, to its stores. With Teams, store
The market moved sharply higher on Monday, trying to recover from its fourth straight week of losses, as investors cheered progress in negotiations over the next coronavirus stimulus bill.
The Dow Jones Industrial Average was up 1.5%, over 400 points, on Monday, while the S&P 500 rose 1.6% and the tech-heavy Nasdaq Composite gained 1.9%.
With only a few days of trading left in September, all three major averages are still on track to post their first monthly losses since March, when the stock market hit a low point during the coronavirus pandemic.
Big Tech stocks, which have been the main source of the market’s sell-off in September, rebounded on Monday: Shares of Amazon, Apple, Microsoft, Facebook and Google-parent Alphabet all rose.
Bank stocks also led the market higher, with JPMorgan Chase, Bank of America, Citigroup,
(Reuters) – U.S. stocks jumped on Monday, bouncing back from the longest weekly losing streak in a year for the S&P 500 and the Dow, with technology, banks and travel shares leading the advance.
All the 11 major S&P 500 sectors were up in early trading. The S&P 500 financials index .SPSY jumped 2.6% and was on track for its best day in two and a half months.
Shares of technology-related stocks, which bore the brunt of a sell-off earlier this month, were higher, with Facebook Inc FB.O, Alphabet Inc GOOGL.O, Amazon.com Inc AMZN.O, Apple Inc AAPL.O and Netflix Inc NFLX.O adding about 1% each.