Positive Economic Reports No Help to Declining Stocks
Hemera/Thinkstock(NEW YORK) — Stocks fell despite an encouraging report on consumer confidence and another indication the housing market is on the mend. The Dow closed down 89 points Tuesday to 12,878.13. The Nasdaq declined nine points to 2,967….
Stocks Take a Hit After Holiday Weekend
Hemera/Thinkstock(NEW YORK) — The market returned after the holiday weekend to worries about U.S. and global growth. Investors are still trying to gauge whether Congress will agree to avoid the “fiscal cliff,” a set of tax hikes and deep federal…
Rally Sends Stocks to Two-Week High
Hemera/Thinkstock(NEW YORK) — A cease fire a half a world away caused U.S. markets to rally before the Thanksgiving holiday. The indexes finished at their highest levels in two weeks. The Dow closed up 48.38 points, or 0.4 percent to 12,836.89. T…
Markets Close Lower on Fed Chief Warning on Fiscal Cliff
Hemera/Thinkstock(NEW YORK) — A warning from the head of the Federal Reserve led the market to close lower Tuesday. The Dow lost seven points for the day, slipping to 12,788.51. The Nasdaq and the S&P both lost a fraction at the close, fallin…
Markets Rally with Renewed Optimism; Dow Up More Than 200
Hemera/Thinkstock(NEW YORK) — The stock market soared on strong quarterly earnings from U.S. corporations and optimism that a deal to avoid the so-called fiscal cliff can be reached before Jan. 1. The Dow picked up 208 points to close at 12,796. …
White House Fiscal Talks Give Stocks a Boost
Hemera/Thinkstock(NEW YORK) — Stocks called it a week with a bit of a bounce Friday. The indexes had been in a slump since last week’s presidential election, but jumped Friday on news from the White House that fiscal talks among bipartisan leadership …
Stocks Close with More Losses
Hemera/Thinkstock(NEW YORK) — As Washington argues about the fiscal cliff, U.S. stock markets had another down day. The Dow closed at 12,570.95, down 185.23 points or 1.45 percent for the day. This was the Dow’s fifth down day in six tradin…
Markets Continue to Slide
Hemera/Thinkstock(NEW YORK) — The markets spent most of the session mixed before declining ahead of the closing bell. The Dow lost 58 points and closed at 12,756.18 on Tuesday. Technology and financial stocks led the Nasdaq to a 20-point loss to …
Stocks Begin Week with Small Gains and Losses
Hemera/Thinkstock(NEW YORK) — U.S. markets fell flat on Veterans Day. Last week the Dow saw its biggest sell-off of the year, following the re-election of President Obama. This week the index edged lower as investor worries grow about the impact of th…
Markets Close with Small Gains
Hemera/Thinkstock(NEW YORK) — Stocks swung between positive and negative territory Friday before calling it a week just barely in the plus column. The Dow closed at 12,815.39, up four points. The blue chip index lost 2.1 percent on the week, its…
Dow Has Another Down Day
Hemera/Thinkstock(NEW YORK) — Stocks dropped again Thursday, but not as dramatically as Wednesday, the day after President Obama was reelected. The Dow closed at 12,811.32, down 121.41 points or nearly one percent. In the last two days the Dow ha…
Dow Suffers Worst Drop of the Year
Hemera/Thinkstock(NEW YORK) — U.S. stocks took a pounding Wednesday as investors shifted their attention from the election to challenges facing the economy both here and in Europe. The Dow closed at 12,932.73, down 312.95 points, or 2.4 percent. This …
On Election Day, Stocks Close with Gains
iStockphoto/Thinkstock(NEW YORK) — As Americans headed to the polls Tuesday, it appears the markets were bullish leading to gains for the session. Industrial shares and energy seemed to push the Dow up 133 points to close at 13,245.68, a one per…
Stocks Close Up on Election Eve
Hemera/Thinkstock(NEW YORK) — Wall Street trading held steady in the positive on the day before the presidential election.The Dow Jones Industrial Average ended this Election Eve up 19 points to 13,112 after closing Friday with its largest one-day los…
Stocks Erase Thursday Gains
Hemera/Thinkstock(NEW YORK) — Stocks edged lower to end the week despite an employment report that surpassed expectations. The Dow had gained some ground Thursday, but Friday closed down 139 points at 13,093, a loss of more than one percent. The…
Stocks Rally Thursday; Dow Up 136 Points
Hemera/Thinkstock(NEW YORK) — Investors embraced some hopeful economic reports Thursday leading to a strong rally for the markets. The Dow closed up 136 points, or 1.04 percent, at 13,232.62. The Nasdaq gained 43 points, up1.44 percent to close a…
With Employee Shares for Sale, Facebook Stock Falls
Peter Foley/Bloomberg via Getty Images(NEW YORK) — Shares of Facebook dropped Wednesday upon news that employees can start selling restricted stock in the company. In all, 234 million more shares and stock options held by employees and executives at F…
With Employee Shares for Sale, Facebook Stock Falls
Peter Foley/Bloomberg via Getty Images(NEW YORK) — Shares of Facebook dropped Wednesday upon news that employees can start selling restricted stock in the company. In all, 234 million more shares and stock options held by employees and executives at F…
Stocks Mixed on First Trading Day After Sandy
Hemera/Thinkstock(NEW YORK) — It was back to work for the U.S. markets Wednesday after an unplanned two-day break, thanks to Superstorm Sandy. The Dow lost 11 points to close at 13,096, down 0.08 percent from Friday. The Nasdaq also gave up 11, …
Stocks Rise as Markets Open After Hurricane Sandy
Spencer Platt/Getty Images(NEW YORK) — U.S. stocks opened up Wednesday morning after being closed for two days because of Hurricane Sandy — the longest weather-related closure since the blizzard of 1888 struck New York.The Dow Jones Industrial Averag…