Oil prices surged and so did the stock market as the Dow Jones Industrial average rose into positive territory for the first time in 2016. FedEx, Goldman Sachs and Boeing were among the big winners, while oil closed above $40 a barrel for the first time since December 3,...
Speaking to the Economic Club of New York today, Fed Chair Janet Yellen said that the U.S. central bank will "move cautiously with further rate hikes." Her comments were well received by investors as the Dow and S&P hit new highs for 2016. Tech stocks led gainers as oil...
Despite rallying late in the day and finishing with some small gains, stocks suffered their worst week since February thanks to persistent worry over the strength of the global economy and the continued rise of the Yen against the U.S. dollar.
Stephen Freedman, senior investment strategist at UBS Wealth Management...
A new survey released today by the American Association of Individual Investors shows less than 18% of everyday American investors are interested in investing on the stock market. That represents the basement level of support for stocks since April 2005 and drastically lower from l2014 when 58% of individual...
U.S. stocks were higher Wednesday, as the attention of Wall Street shifted from the Greece crisis to the Federal Reserve statement.
With no solution imminent in Greece, it made sense for investors to choose to follow the policymakers, in hopes of finding further clues to the timing of an interest...
The Dow's nine day winning streak ended today as did its record of seven consecutive days of record highs. The blue chip index was down over 120 points at one point before finally closing down nearly 80 points. The price of oil fell over 2% to under $45/barrel. Gold...
U.S. stocks were higher on Tuesday, as investors attempted to find direction amidst news in Greece and at home.
While any developments in Greece’s debt saga will certainly continue to affect U.S. markets, Tuesday’s activity suggested a refocusing towards issues here in the states, and a continued concentration on the...
U.S. stocks were slightly higher on Tuesday, as investors moved their attention away from Greece and back to information on the U.S. economy.
Today’s biggest piece of data—retail sales—proved disappointing, as June figures showed a decline of 0.3 percent. Experts and analysts had been expecting an increase of 0.3 percent.
Treasury...
Janet Yellen has spoken. The Federal Reserve announced Thursday that they will not raise the key interest rate in September. Many investors speculated that a raise in interest rates wouldn't bode well for the stock market. It seems that the stock market was doomed either way, as the Dow...
The start of a fresh trading week on Wall Street meant stale results for the Dow and NASDAQ as the Dow Jones industrial average dropped by over 132 points in afternoon trading before settling at 17,732. Visa, Microsoft and Apple were among the Dow's biggest losers today. The...
