tag | stock market

One of the broadest stock market indexes, the S&P 500, entered a bear market during Friday’s trading. That means it had fallen a stunning 20% from a recent high in January.

The Dow Jones Industrial Average lost nearly 1,000 points, while the S&P 500 lost more than 3%, with both indexes posting hefty losses for April.

Almost 10 years ago, Congress overwhelmingly passed a law that requires members and their spouses to disclose when they buy or sell stocks. Not there’s a push to ban members from trading stocks altogether.

The sheer scope of SEC’s agenda has stunned some longtime Wall Street observers.

Data on Thursday showed the economy grew at an annual 6.4% rate in the first quarter, while companies such as Apple and Tesla have recently posted blowout earnings.

GameStop has seen its stock soar, driven higher by a group of amateur day traders on Reddit, who are taking on Wall Street hedge funds. The frenzy has gotten the attention of regulators and lawmakers.

An NPR investigation has uncovered another side to Co-Diagnostics’ dramatic growth during the pandemic, including potential legal concerns for company leaders, and persistent questions about its tests’ accuracy.

This year has seen an especially wild ride for the Dow, as the pandemic lockdowns took a heavy toll on the global economy.

The Dow Jones Industrial Average ended the day down 650 points, or 2.3%, posting its biggest decline since Sept. 3. The other major indexes were also down, though not as much.