Day: August 10, 2020

Stock futures flat in overnight trading after Wall Street notches seventh straight day of gains

spike 5 months ago

Brendan McDermid | Reuters

Futures tied to major U.S. equity averages were little changed in overnight trading on Monday after days of gains on Wall Street pushed the S&P 500 within striking distance of a record high.

Dow Jones Industrial Average futures were little changed. The S&P 500 and the Nasdaq 100 futures were also flat.

The 30-stock Dow gained about 350 points in regular trading on Monday, posting its seventh positive session in a row — its longest winning streak since September 2019. The S&P 500 gained 0.2%, sitting just 0.9% below its record high set in February. Meanwhile,

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Robinhood reports more monthly trades than rivals Charles Schwab, E-Trade combined

spike 5 months ago

Robinhood app

Source: Robinhood

Robinhood joined the rest of brokerage industry by publishing monthly trading data on Manday. The start-up trounced them all — at least by one metric.

Robinhood saw 4.3 million daily average revenue trades, or DARTS, in June, the company told CNBC Monday. This is the first time the start-up has shared monthly totals. Robinhood’s debut total was higher than all of the major incumbent brokerage firms, and more than E-Trade and Charles Schwab combined. 

TD Ameritrade saw the next highest monthly total at 3.84 million DARTs, according to the company’s monthly report. Interactive Brokers saw 1.8

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Lyft, Uber, Occidental Petroleum and more

spike 5 months ago

A Lyft logo is installed on a Lyft driver’s car next to an Uber sticker in Pittsburgh.

Gene J. Puskar | AP

Check out the companies making headlines after the bell: 

Lyft, Uber — Shares of the ride-hailing duo dipped after a San Francisco Superior Court judge ruled that they convert California drivers from independent contractors to employees with benefits. Lyft lost 1.7% in extended trading, while Uber fell 1.5%. 

Occidental Petroleum — Shares of Occidental Petroleum dropped 4% after the oil and gas company posted a wider-than-expected loss and booked a total impairment of $6.6 billion for

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What happened to the stock market Monday: Dow rallies, Nasdaq struggles

spike 5 months ago

The “Fearless Girl” statue stands in front of the New York Stock Exchange (NYSE) at Wall Street on June 29, 2020 in New York City.

Angela Weiss | AFP | Getty Images

Dow Jones Industrial Average rises 357 points

Trump signs executive orders on coronavirus relief

Over the weekend, President Donald Trump signed executive orders that continue the distribution of expanded unemployment benefits, defer student loan payments through 2020 and provide a payroll tax holiday. Still, Trump’s orders face a legal challenge as continuing the programs would require federal funding, which Congress controls. “While this move by Trump may lead

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