Latest in NASDAQ

UPDATED after market close: U.S. stocks opened, traded, then closed, higher Wednesday with tech leading throughout the day after massive gyrations overnight as the U.S. presidential election continue to unfold. The tech-heavy Nasdaq finished the session up a massive 3.85%; the S&P 500 up 2.2%; and the DJIA 367 points…

Shares in Amazon broke the $3,000 barrier to finish Monday’s trading session at an all-time record of $3,057.04, leading a wave of tech stocks at record highs. The tech-heavy Nasdaq Composite itself continues to set records, closing Monday at 10,433.65. It has gone up 14% in 2020 to date, erasing steep losses in…

The Nasdaq cracked the 10,000-point mark for the first time Tuesday before cooling off to close at 9,953.75, a gain of 29.1 points for the day. Over the past year, the tech-heavy index has climbed 33%, far outpacing economic growth and downright contradicting the bleak picture of unemployment and collapse over the…

While COVID-19 has turned the lights out on college and pro sports for the time being, sports betting firm DraftKings went public Friday after closing a $3.3 billion, three-way merger with Hollywood ties. The company’s shares rose more than 12% in early trading after opening at $17.53 on the Nasdaq under the ticker…

Chinese companies that list on American stock exchanges may be de-listed and American investment in China limited if a drastic plan being discussed by the Trump administration is put into action. Bloomberg News reported that internal discussions are being held on the issue, but no imminent action is expected. The two…

UPDATED with closing numbers An escalation of the U.S.-China trade war Friday, with new tariffs eliciting harsh rhetoric from President Donald Trump, sent U.S. stocks tumbling as the media business kept a wary eye on the situation. The Dow Jones Industrial Average entered the final minutes of trading at 25,628.90…

The stock market finished a volatile week on the upswing Friday as virtually all media and tech issues managed to reverse their recent slides. The Dow Jones Industrial Average posted its second straight day of gains, rising 309 points to finish at 25,889.33, after an alarming 800-point dive Wednesday, the worst drop…

After the Dow Jones Industrial Average posted an 800-point loss on Wednesday, its steepest of 2019, the stock market stabilized Thursday and most media and tech shares saw their fortunes improve. It was not an upbeat day for the soon-to-merge CBS and Viacom, however. The two companies saw their stock prices drop for…

Shares of luxury exhibitor iPic, which operates 16 theaters in nine states including New York and California, jumped 19% on Friday on 10 times their normal trading volume. The rally isn’t likely to last, though, as word came Thursday from the SEC that the bankrupt company’s stock is set to be delisted next week from…

Stock markets in the U.S. slumped badly Monday, notching some of their worst single-day declines of 2019, during a global market correction spurred by increasing anxiety about U.S.-China trade relations. President Donald Trump has vowed to implement more tariffs on China. The nations are several months into a clash…

Shares in MoviePass parent Helios & Matheson began trading over the counter today after the beleaguered company was delisted by the Nasdaq. The ouster from the major stock market comes after several warnings relayed in SEC filings in recent months, given that companies cannot have their shares trade below $1 for…

Seeking new sources of cash, MoviePass parent Helios & Matheson Analytics has agreed to sell institutional investors some 333.3 million units of common stock and warrants. In a press release, the company said the registered direct offering would close “on or about” January 16 and generate $5.4 million in…