Nasdaq Composite ends 3.1% higher as Friday wipes out unsavory weekly stock losses

US stocks ended on a decidedly higher note Friday, posting sharp gains in a final swing higher in the last hour of trading, helping to erase sharp weekly declines and record multi-week loss streaks across all major benchmarks. What did stock benchmarks do? The S&P 500 SPX index rose 2.4% to 4,431.85, finishing significantly higher … Read more

Robinhood shares fall premarket after bigger-than-expected loss

Robinhood Markets Inc.’s CAP -6.45% the stock fell 14% in premarket trading after the brokerage reported a $423 million loss for the fourth quarter. The company had an increase in technology and administrative costs that came at the expense of bottom line. The brokerage used by individual investors posted revenue of $363 million for the … Read more

Dow rises 450 points on strong GDP data as investors shrug off Fed’s Powell ‘kick in the teeth’

US equities posted strong gains on Thursday morning, finding support after a much stronger-than-expected reading of economic growth in the fourth quarter and rebounding from weakness in the previous session triggered by the Federal Reserve’s indication, Jerome Powell, that the central bank was planning to make several rate hikes this year. What is going on … Read more