BlackRock Gets Boost on Blue-Chip Deal

The Dow finished the the week up 12.7%

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Market Recap
MARKET RECAP
 
 

4/09/2020

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Stock Market Finishes Holiday-Shortened Week Higher

By Laura McCandless
Share On

The Dow finished the last day of the holiday-shorted week up over 280 points, losing some of its midday rally after Democrats in congress blocked McConnell's bid to unanimously add $250 billion in small-business aid. However,  the Fed announced new programs directed at small and medium-sized business, totaling up to $2.3 trillion. This news was enough to outweigh the increasing unemployment rates for now, as the Nasdaq and S&P 500 enjoyed sizable gains, finishing the day and week deep in the black. 

Continue reading for more on today's market, including:

  • Stitch Fix stock leaps on strong product demand.
  • BLK stock makes moves on Microsoft deal.

  • Plus, Zoom stock rises despite Senate pressure; COST drops on bear note; and an analyst burns Anthem stock.
>> Continue reading...
LATEST HEADLINES
>> Stocks Surge During Holiday-Shortened Week
Stocks chugged higher as the government responded to the coronavirus crisis with more funding
>> Bank Stocks Ease Investors Back Into Earnings Season
Bank stocks will kick off earnings season next week
>> BLK Stock Pops on Deal with Microsoft
BlackRock's massive Aladdin software will be hosted on Microsoft's platform
>> Stitch Fix Stock Surges Despite Pulled Guidance
The company pulled their quarterly and full-year outlook
>> Avoid This Mining Stock Next Month
Rio Tinto's 40-day moving average has had bearish implications in the past
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