Strong Corporate Earnings Push Stocks Higher to End Week
Hemera/Thinkstock(NEW YORK) — Strong corporate earnings pushed stocks higher to end the week, with the Dow up 91 points at 14,512 and the Nasdaq up 22 points at 3,245. The S&P gained 11 points for the day to 1,557.Robust earnings from Nike and Tif…
Stock Futures, World Markets Down After Cyprus Bank Tax
Hemera Technologies/Thinkstock(NEW YORK) — The stock market could be in for a rude surprise on Monday all because of a banking crisis on the small Mediterranean island nation of Cyprus.The worry for financial markets is that a bank bailout in Cyprus m…
SAC Capital Agrees to Settle Insider Trading Cases for $614 Million
Andrew Harrer/Bloomberg via Getty Images(NEW YORK) — The Securities and Exchange Commission (SEC) has settled insider trading charges against two affiliates of the giant hedge fund SAC Capital for $614 million.According to the New York Times, the SEC …
Dow Ends at New Record Close
Hemera/Thinkstock(NEW YORK) — The Dow Jones Industial Average ended the day up another 67.58 points, boosted by Friday’s jobs report that exceeded analyst expectations. Earlier this week, the Dow blew through a record, and ended the week just shy of 1…
Dow Marks Third Straight Record Close
Hemera/Thinkstock(NEW YORK) — Thursday marked the third consecutive record close for the Dow Jones Industrial Average. The blue-chip index climbed 33.25 points to another all-time high of 14,329 at the session’s close.The Nasdaq added 9.72 points, or …
Another Record Close for Dow Jones Industrial Average
Hemera/Thinkstock(NEW YORK) — The Dow Jones Industrial Average saw another historic close Wednesday, despite losing some steam. The blue chips index still called it a session with an all-time high, up 42 points, or 0.3 percent, at 14,296. T…
Dow Jones Industrial Average Closes at All-Time High
Jin Lee/Bloomberg via Getty Images(NEW YORK) — The Dow Jones industrial average reached record highs on Tuesday, surpassing a key level in its recovery from the 2008 financial meltdown.After first hitting a record opening Tuesday morning, the Dow main…
Dow Inches Closer to Record High
Hemera/Thinkstock(NEW YORK) — The Dow finished Monday a little closer to its record high after overcoming an early loss, caused by new steps from China to rein in its booming housing market.The Dow Jones Industrial Average closed at 14,127.82. The ind…
Stocks Gain This Week Despite Impasse over Government Spending Cuts
Comstock/Thinkstock(NEW YORK) — Stocks called it a week with a gain, despite the continuing impasse over government spending cuts.The Dow overcame a triple-digit deficit to close up 35 points at 14,090. The Nasdaq added 10 points and the S&P gaine…
Dow Inching Closer to All-Time High
Hemera/Thinkstock(NEW YORK) — The Dow closed up 175.24 points Monday, bringing the index within 89 points, or less than one percent, from its all-time high set in October 2007. This is the closest the Dow has been to that high in more than five years….
US Markets Recover from Big Losses
Hemera/Thinkstock(NEW YORK) — A jump in home sales and a boost in consumer confidence gave the markets a lift Tuesday.The Dow closed up 116 points, or 0.8 percent, at 13,900.13. On Monday, the index lost 216 points, its biggest drop of the year so far…
Gridlock in Italy Sends Stocks Tumbling
Hemera/Thinkstock(NEW YORK) — U.S stock markets tumbled as Italians voted for what appears to be political gridlock. Italy is a key member of the eurozone and political impasse there could reignite the European economic crisis. As results o…
Stocks End the Week Higher
Hemera/Thinkstock(NEW YORK) — Stocks reversed a two-day decline Friday, thanks to stronger earnings reports. The Dow closed up 120 points to end the week at 14,000.57. The Nasdaq Composite added 30 points, closing at 3,161.82. The S&P earned …
Judge Grants Hedge Fund’s Injunction Against Apple Inc.
Chris Ratcliffe/Bloomberg via Getty Images(NEW YORK) — A federal court judge in New York Friday granted a request by hedge fund Greenlight Capital to block Apple Inc. from including a measure on its shareholder ballot that would limit the iPhone maker…
US Stock Indices Decline Again
Hemera/Thinkstock(NEW YORK) — Stocks slid again Thursday, despite an encouraging report on home sales, which rose from December to January. The Dow closed down 47 points, or 0.3 percent, at 13,880.62. The Nadsaq gave up 33 points, or one percent,…
Stocks Close Down After Fed Stimulus Debate
Hemera/Thinkstock(NEW YORK) — The Federal Reserve is considering tempering its efforts to stimulate the economy, according to minutes of their meeting released Wednesday afternoon.The Dow Jones Industrials had been trading down for much of the day but…
Stocks Advance to Five-Year Highs; Gas Prices Still Climbing
Steve Jones/ABC News Radio(NEW YORK) — As Wall Street trading resumed after the three-day Presidents Day weekend, rumblings about several corporate deals that could be on the way sent the Dow and S&P stock indices up to new five-year highs. T…
Dow Inches Lower; New York Manufacturing Shows Improvement
Hemera/Thinkstock(NEW YORK) — Stocks ended the week with a whimper. The Dow managed to eke out a small gain, closing up eight points at 13,981.76 on Friday. The index fell for the second consecutive week by 0.1 percent. The Nasdaq and the S&P…
Dow Drops Nine Points; USAirways Stock Slips
Hemera/Thinkstock(NEW YORK) — Investors didn’t have much love for the markets on Valentine’s Day. The Dow Jones Industrial Average closed down nine points and stayed below the 14,000 mark, at 13,973. The Nasdaq Composite closed up two points at 3…
Dow Closes Near Record High
Hemera/Thinkstock(NEW YORK) — Just hours before President Obama delivers his State of the Union address, major U.S. stock indexes closed higher.The Dow Jones Industrial Average traded above 14,000 for much of Tuesday’s session, ending up 47 points at …