U.S. stocks were lower in Monday trading, as investors reacted to the news of the latest downturn in the Chinese markets.
It’s been an ugly summer for Asian equities, and that’s been most evident in China. The Shanghai Index—China’s largest—has fallen a total of 28% since reaching its all-time high...
Financial and tech stocks led a third straight day of gains on Wall Street. It comes the day after Fed Chair Janet Yellen calmed market watchers with her comments that the Fed would take its time and carefully consider raising interest rates over the foreseeable future.
Chicago Fed President Charles...
Energy stole much of the focus today as the price of oil closed above $50 a barrel for the first time since last July. That helped the energy sector gain nearly 2% but the bio-tech division was down 2.5%. Only the NASDAQ finished in the red.
Yesterday, the S&P 500...
U.S. stocks were mixed in Tuesday afternoon trading, as market momentum slowed in the face of new increases in Treasury yields.
The market moved up on Tuesday morning after receiving better-than-expected housing data. Construction began on 1.13 million new houses in April—considerably better than the expected 1.02 million.
However, 10-year Treasury...
Coming off its worst week in months, the Dow attempted to recover this week… but those efforts were undone by more weak economic data. The Federal Reserve still won’t commit to an interest rate hike, and as we reach the end of July, the Dow is still underwater for...
U.S. stocks were higher Monday, after shedding almost 1% in early trading. The continued slide in oil prices worried investors, as experts said the trend was becoming ‘problematic’ due to the inability of prices to find any sort of stability.
As of this morning, West Texas crude oil prices stood just...
Energy stocks fell over 3% as oil prices dropped below $40 a barrel -levels not seen since August, 2015. Wall Street suffered losses across the board as the Dow finished in negative territory for the year after Fed Chair Janet Yellen supported the case for a rate hike at...
The Dow topped the 18,000 for the first time since July, 2015 as it closed up over 106 points today. Oil prices were down 58 cents, or 1.4 percent, at $39.78 a barrel. Crude fell more than 6.5 percent overnight after oil producers meeting in Doha, Qatar yesterday failed...
U.S. stocks were hammered on Thursday, as investors continued to fret over the dropping price of oil.
Crude oil dipped below $40 per barrel early on Thursday, a fresh 6 ½ year low for prices. The latest drop was buoyed by an unexpected surplus in the latest report on U.S....
Led by a 4.2% rise in the price of oil the markets finished with modest gains today. The cost of oil jumped $1.18 to close at $29.53. Oil continued to hold near lows not seen since 2003. Weekly oil inventories showed a build in crude oil stocks and U.S....
