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Markets Pull Back After Last Week’s Gains; Foreclosure Settlement Affects Bank Shares

Markets Pull Back After Last Week’s Gains; Foreclosure Settlement Affects Bank Shares

Hemera/Thinkstock(NEW YORK) — U.S. markets cooled off Monday after last week’s surge to their highest weekly advancements in over a year.Investors took profits from last week’s run-up, after the S&P reached levels not seen since the start of the G…

‘Fiscal Cliff’ Deal, Jobs Report Push Stocks Higher

‘Fiscal Cliff’ Deal, Jobs Report Push Stocks Higher

Hemera/Thinkstock(NEW YORK) — The markets ended the week higher, with the S&P closing at its highest level since 2007, before the financial crisis. The index closed the session at 1,466. The Dow Jones Industrial Average added 43 points Friday…

Investors See Silver Lining in Budget Deal

Investors See Silver Lining in Budget Deal

Spencer Platt/Getty Images(NEW YORK) — The major stock indexes surged on Wednesday after Congress agreed to a budget deal late Tuesday night, bringing an end — for now — to the frenzy over the nation’s fiscal cliff.”I think it symbolizes that the de…

Stocks Rally to End the Year with Gains

Stocks Rally to End the Year with Gains

Hemera/Thinkstock(NEW YORK) — U.S. stocks rallied in the final hours of trading for the year as investors await a budget deal to take shape in Washington. The Dow Jones Industrial Average, after waffling much of the morning, jumped 166 points to …

‘Fiscal Cliff’ Standoff Weighs on Stocks, 401(k)s

‘Fiscal Cliff’ Standoff Weighs on Stocks, 401(k)s

Mario Tama/Getty Images(NEW YORK) — Investors don’t like uncertainty, and Washington’s game of cat and mouse on the so-called “fiscal cliff” of tax hikes and spending cuts has erased hundreds of billions of dollars of wealth from Americans.If a …

Biggest Losers: Nine Stocks Hammered in 2012

Biggest Losers: Nine Stocks Hammered in 2012

Comstock/Thinkstock(NEW YORK) — The New Year is almost here, and executives at some U.S. companies are glad 2012 is over. Using data from Fidelity.com, ABC News looked at the nine biggest share-price losers among U.S.-based companies with market value…

Stocks Sink Lower Friday, But Show Gains for the Week

Stocks Sink Lower Friday, But Show Gains for the Week

Hemera/Thinkstock(NEW YORK) — Stocks fell Friday as hopes for a deal to avoid the fiscal cliff fade. The Dow closed down 121 points at 13,190.84, led by declines for Bank of America (down 2 percent) and Exxon Mobil (down 1.87 percent), the Wall S…

Stocks Rally in Late Trading; Dow Recovers 60 Points

Stocks Rally in Late Trading; Dow Recovers 60 Points

Hemera/Thinkstock(NEW YORK) — The stock market alternated between declines and gains all session before calling it a day on the plus side. The Dow closed up 60 points, or 0.5 percent, at 13,311.72. The Nasdaq gained six points, and closed at 3,05…

Stocks Decline as Fiscal Cliff Approaches

Stocks Decline as Fiscal Cliff Approaches

Hemera/Thinkstock(NEW YORK) — Stocks declined Wednesday over new worries that President Obama and Congress can’t reach a deal to avoid the fiscal cliff — the package of automatic federal spending cuts and tax increases set to kick in — before the e…

Stocks Close Higher as Fiscal Talks Continue

Stocks Close Higher as Fiscal Talks Continue

Hemera/Thinkstock(NEW YORK) — Stocks were up again with investors encouraged that President Obama and Republican leaders may be closer to a deal to avoid the “fiscal cliff” before the deadline. The Dow ended the session at its highest level in two mon…

Stocks Begin the Week with Gains

Stocks Begin the Week with Gains

Hemera/Thinkstock(NEW YORK) — Stock indexes ended the day near session highs thanks to optimism over talks in Washington to avoid the “fiscal cliff” — automatic spending cuts and tax increases set to take effect at the beginning of next year.The Dow …

Stocks Close the Week with Losses

Stocks Close the Week with Losses

Hemera/Thinkstock(NEW YORK) — Investors weren’t in much of a buying mood Friday. Worry over the lack of progress in reaching a deal to avoid the fiscal cliff dragged on the markets. The Dow called it a week down 35.71 points, a 0.3 percent loss, …

Stocks Slide Despite Some Positive Economic Data

Stocks Slide Despite Some Positive Economic Data

Hemera/Thinkstock(NEW YORK) — Stocks slipped Thursday as investors watch and worry, with Congress and President Obama no closer to a deal to avoid the fiscal cliff of tax increases and deep government spending cuts. The Dow closed down 75 points …

Stocks Rally to Post-Election High

Stocks Rally to Post-Election High

Hemera/Thinkstock(NEW YORK) — Stocks are in rally mode. The Dow is on track for its largest gain this month, closing up 79 points Tuesday. The index erased post-election losses, according to the Wall Street Journal, and climbed to 13,245.68. The Nasda…

Stocks Begin the Week Higher

Stocks Begin the Week Higher

Hemera/Thinkstock(NEW YORK) — The markets began the week with small gains. The Dow Jones Industrial Average rose 15 points to close at 13,170 — a one-month high. The Nasdaq Composite added nine points, and the S&P was up less than a point at the …

Stocks Close the Week Mixed

Stocks Close the Week Mixed

Medioimages/Photodisc/Thinkstock(NEW YORK) — Stocks closed the day and the week mixed as Friday’s report from the Labor Department surpassed expectations. The Dow closed up 81 points at 13,155.13. The Nasdaq, dogged by worries about declining App…

Stocks Inch Higher; November Unemployment Report Due Friday

Stocks Inch Higher; November Unemployment Report Due Friday

Hemera/Thinkstock(NEW YORK) — The markets didn’t see very much movement Thursday.  Investors were cautious as they await the results of the monthly employment report. Still, the indexes managed to close the session slightly higher. The Dow c…

Stocks Mixed at Close Amid Fiscal Cliff Concerns

Stocks Mixed at Close Amid Fiscal Cliff Concerns

Hemera/Thinkstock(NEW YORK) — The markets cruised to a mixed finish Wednesday. The Dow closed up 83 points at 13,034.49. The Nasdaq lost 23 points to close at 2,973.70. The S&P 500 added just two points and closed at 1,409.28. Stocks hav…

Stocks Close Lower; Buyouts for FedEx Employees

Stocks Close Lower; Buyouts for FedEx Employees

Hemera/Thinkstock(NEW YORK) — Stocks closed lower Tuesday with investors still worried as the deadline for the government’s fiscal cliff approaches. The Dow gave up 13.82 points, a 0.11-percent loss, to close at 12,951.78. The Nasdaq Composite lo…

Stocks Retreat Monday on Manufacturing Data

Stocks Retreat Monday on Manufacturing Data

Hemera/Thinkstock(NEW YORK) — Data on manufacturing led to a drag on the major averages Monday.A survey showing U.S. manufacturing shrank in November, to its weakest level since July of 2009, added to the gloom in the markets. It was the impact of sup…

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