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
Shares rose on Friday, supported by strong gains from Apple, putting the Dow Jones Industrial Average on track to record a three-week loss streak. The Dow was up 213 points, or 0.6%, in afternoon trading. The S&P 500 gained 1.3%. The tech-heavy Nasdaq Composite was up 2%. .
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