Stock market live updates: Dow up 350, cyclical rally returns, Disney rises on earnings

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Stock market live updates: Dow up 350, cyclical rally returns, Disney rises on earnings

The Dow traded more than 250 points higher, or nearly 1%, as it heads for strong weekly gains amid a sharp rotation out of growth stocks and into value names. The S&P 500 and Nasdaq also rose 0.9% and 0.6%, respectively. —Fred Imbert. 4 Hours Ago …
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Things to consider for companies preparing for 2020 year-end audits

New Financial Accounting Standards Board (FASB) Chair Richard Jones discussed the challenges he faces in his role and the organization's priorities
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Aldi expanding Charlotte-area footprint with Cornelius, Indian Land stores

Aldi will open two new stores in the Charlotte market in the coming weeks. The first is slated to open in Cornelius at 9 a.m. Thursday. That store at 18027 Laith Way will be open from 9 a.m. until 8 p.m.. A second store is slated to open in at 7864 Charlotte …
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Rig count rises steadily

The U.S. rig count rose again this week, notching more than two consecutive months of gains in another sign of the industry’s growing stability. Energy companies operated 312 oil and gas rigs nationally, up by a dozen from last week, according to Houston …
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Stocks edge up as investors weigh Covid lockdowns and vaccine hopes

Global investors were cautiously optimistic on Friday as they weighed the worsening coronavirus pandemic against hopes for potential vaccines. Wall Street advanced on Friday with the S&P 500 up 1 per cent by early afternoon, …
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