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Wall Street Closes Early with Stocks Down

Wall Street Closes Early with Stocks Down

Hemera/Thinkstock(NEW YORK) — It was an abbreviated trading day on Wall Street on Monday. Investors are getting concerned whether lawmakers will reach a budget deal that will prevent the economy from going over the fiscal cliff.  In a shortened h…

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…

Will Fiscal Cliff Worries Cause Major Wall Street Sell Off?

Will Fiscal Cliff Worries Cause Major Wall Street Sell Off?

iStockphoto/Thinkstock(NEW YORK) — Fiscal cliff fears may lead to a major sell off Friday on Wall Street. After the Republican revolt in the House on Thursday, House Speaker John Boehner was forced to abandon his plan to avert tax increases for most A…

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…

Morgan Stanley Fined for Role in Facebook IPO

Morgan Stanley Fined for Role in Facebook IPO

Scott Eells/Bloomberg via Getty Images(NEW YORK) — Morgan Stanley is the first major financial entity to be sanctioned in relation to Facebook’s IPO.Massachusetts officials are fining Morgan Stanley $5 million for not disclosing a revenue shortfall wi…

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 …

Florida Orange Crops Dwindle, Orange Juice Futures Rise

Florida Orange Crops Dwindle, Orange Juice Futures Rise

iStockphoto/Thinkstock(NEW YORK) — Orange juice futures rallied Tuesday in New York in the wake of lowered expectations for Florida orange crops.The U.S. Department of Agriculture forecast the Sunshine State will produce 146 million boxes of oranges t…

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…

Stocks Squeeze Out Small Gains

Stocks Squeeze Out Small Gains

Hemera/Thinkstock(NEW YORK) — The markets called it a day, a week and a month with just slight gains Friday.The Dow closed up just 3.76 points Friday at 13,025.58. The Nasdaq dropped 1.79 points to 3,010.24. The S&P added a fraction of a point, in…

US Markets Close Higher as Fiscal Meetings Continue in Washington

US Markets Close Higher as Fiscal Meetings Continue in Washington

Hemera/Thinkstock(NEW YORK) — Wall Street traders are still keeping a close eye on Washington as the deadline for the so-called “fiscal cliff” approaches. Closing at 13,021.82, the Dow Jones Industrial Average gained 36.71 points Thursday. The Na…

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