Fiscal Pressures in Spain Trouble US Markets
Hemera Technologies/Thinkstock(NEW YORK) — The markets developed a new case of worries about Europe, particularly Spain, and stocks sank after three previously strong sessions. The Dow ended the week down 121 points, falling to 12,823. The Nasdaq…
Earnings Push Stocks Higher; Microsoft Reports First Quarterly Loss
Hemera/Thinkstock(NEW YORK) — Strong earnings reports from IBM and others helped tech shares lead the markets Thursday to a third straight winning session. The Dow closed up 34.66 points to close at 12,943 Thursday, while the Nasdaq added 23 poin…
Corporate Earnings Help Erase July Losses on Wall Street
Hemera/Thinkstock(NEW YORK) — Wednesday marked another positive day on Wall Street. Investors were encouraged by another day of strong corporate earnings. The Dow Jones Industrial average closed up 103 points at 12,908. Technology stocks he…
Wall Street Bounces Back Amid Fed’s Uncertainty
Comstock/Thinkstock(NEW YORK) — After a few rough days, strong earnings helped to turn things around on Wall Street Tuesday. The Dow rose 0.6 percent to close up 78 points, while the Nasdaq and S&P gained 13 points and 10 points, respectively…
Dow Rallies: Financial Stocks Close Higher, Led by JPMorgan Earnings
John Foxx | Thinkstock(NEW YORK) — Friday proved to be a good day for stocks across the board, after six straight losing sessions.The Dow finished the day up almost 204 points, and the Nasdaq and S&P indeces picked up 42 points and 22 points, resp…
Markets Close Down Again, Causing New Worries for the Fed
Hemera/Thinkstock(NEW YORK) — The Dow lost 49 points Wednesday to close at 12,604. The Nasdaq closed off 14 points, while the S&P gave up a fraction. The Federal Reserve may need to take more action if the U.S. economy loses momentum. Officials wo…
Stock Markets Up on News of Spanish Bailout Agreement
Comstock/Thinkstock(NEW YORK) — Global stock markets are mostly higher Tuesday morning after European finance ministers made progress on easing Spain’s banking crisis. They agreed to make as much as $30 billion available to Spanish banks by the end of…
Stocks Reflect Investor Anxiety as Earnings Season Begins
Hemera/Thinkstock(NEW YORK) — Investors were not optimistic at the start of corporate earnings season. On Monday the stock market was down for a third straight session with more signs of instability coming out of Europe.The Dow lost 36 points Monday t…
Reacting to Jobs Data, Oil and Stock Markets Close Lower
Hemera/Thinkstock(NEW YORK) — All three major stock indices ended the day lower.The Dow Friday closed at 12,772, down 124 points or 0.96 percent. The S&P and NASDAQ ended the day lower as well, down 13 points and 39 points, respectively.Meanwhile,…
Stocks Lose Ground Despite Positive Jobs Reports
Hemera/Thinkstock(NEW YORK) — An encouraging weekly employment report didn’t do much to help the markets Thursday.The Dow closed down 23 points to 12,920. The Nasdaq added four points to close at 2,980. The S&P closed at 1,370 with a four point lo…
Markets Slump with Slowing Factory Activity; Gas Prices Down
Hemera/Thinkstock(NEW YORK) – The markets were steady at the open Monday, but by the end of the session, investors grew nervous about the dragging manufacturing sector. Stocks turned negative after new data showed U.S. manufacturing shrank in Ju…
Despite Turmoil, Facebook Sticking with Nasdaq
EMMANUEL DUNAND/AFP/Getty Images(NEW YORK) — Facebook’s marriage with Nasdaq got off to a rocky start, but Mark Zuckerberg has decided to stick with it anyway.Following the company’s bungled initial public offering on May 18, insiders say the Fa…
Markets Advance with Reports on European Bailouts
Hemera/Thinkstock(NEW YORK) — Encouraging news out of Europe pushed the markets to their best June in more than 10 years and ended the week with gains. The Dow closed up 278 points, while the Nasdaq and S&P added 86 points and 33 points, resp…
Stocks Make Up for Early Losses at Close
Hemera/Thinkstock(NEW YORK) — The markets saw a small reversal of fortune Thursday after initially posting sharp losses as the Supreme Court ruled on President Obama’s health care law. Stocks made up some ground before the closing bell, though. T…
Health Care Ruling: Business Winners, Losers
Creatas Images/Thinkstock(NEW YORK) — For American businesses in general, and the health care industry in particular, the Supreme Court decision to uphold President Obama’s overhaul law removes a great deal of uncertainty. After months of legal challe…
FHA Gave Mortgage Help to Thousands of Tax Deadbeats
iStockphoto/Thinkstock(WASHINGTON) — Several thousand homeowners who got federal help to avoid defaulting on their mortgages were tax deadbeats who owed the government more than $77 million in back taxes, a new report has determined. Despite owing the…
Facebook Gets Tepid Welcome on Wall Street
EMMANUEL DUNAND/AFP/GettyImages(NEW YORK) — Wall Street analysts gave Facebook a lukewarm reception on the first day they were allowed to publicly issue their views of the company’s stock.Nearly six weeks after Facebook’s flop of an IPO, at least 17 f…
Positive Economic Reports Push Stocks Higher
iStockphoto/Thinkstock(NEW YORK) — Stocks closed higher with a second straight day of gains Wednesday on some welcome economic news about pending home sales and factory orders. The Dow finished at 12,626.93, adding 92 points for the session. The…
Housing Data Gives Stocks a Boost
Hemera/Thinkstock(NEW YORK) — The markets made up some of the ground lost on Monday after data released today showed favorable signs for home prices. The Dow managed to close up 61 points, while the Nasdaq and S&P gained 21 points and 8.6 poi…
Moody’s Bank Downgrade May Mean Higher Lending Rates
Scott Eells/Bloomberg via Getty Images(NEW YORK) — For the second time in a year, Moody’s downgraded 15 global banks. The credit ratings agency downgraded five of the biggest U.S. banks on Thursday, and that may lead to higher rates for consumer…