More disappointing economic data combined with concerns that the Federal Reserve will decide to raise interest rates in December led to another dismal day on Wall Street. The concern is that not only will an increase affect the rates banks charge each other to borrow, but it will also...
Wall Street suffered losses across the board as oil prices dropped and more Federal Reserve Bank presidents suggested the Fed might raise interest rates next month. The price of a of crude oil plummeted to $41.75 per barrel, falling 2.8%. San Francisco Federal Reserve President John Williams said...
The middle of the trading week was an up and down affair as stocks floundered for most of the day. A big bite was taken out of Apple as stock in the world's biggest company slumped by as much as 3.5% before finishing down 3.15%. According to foxbusiness.com:
Credit Suisse said...
On the first trading day of the week investors seemed to be concerned about the very real possibility that the Fed may raise interest rates for the first time in over a decade when the FOMC meets for its two day policy session next month. The CME Group reports...
Wall Street is now running a month and a half winning streak after finishing mixed today. The much anticipated jobs report from the Bureau of Labor Statistics for October far exceeded experts' expectations as it showed the addition of 271,000 jobs, thoroughly surpassing expectations of about 180,000, with the...
Despite a jump in Facebook stock of 5% due to better than expected earnings, the markets fizzled ahead of tomorrow's important unemployment report. Robert Pavlik, chief market strategist at Boston Private Wealth surmised to CNBC:
"I think people are just a little leery of tomorrow's employment report. It looks like...
Stocks suffered a mid-week drop in part, due to a decline in energy stocks and increased confidence in the possibility of a December rate hike by the Federal Reserve. Fed Chair Janet Yellen said this morning that the U.S. economy is performing well and a December rate hike is...
Big gains in the energy and technology sectors helped push all three major indices to higher levels on Wall St. Global oil prices surged due to a report on heating oil and gasoline inventories will show a decline, while the prospect of falling natural gas shale production also added...
The first trading day of November was marked by continued negative economic news out of China and lower oil prices but the markets gained ground none the less. The Dow ventured into positive territory for the first time in 2015, while the S&P 500 closed above 2,100 for the...
Even though stocks had their best month in four years, Wall Street ended the month of October on a down note finishing lower on all three indices. Chris Gaffney, president of world markets at EverBank told CNBC:
"There's just a whole lot of uncertainty in markets right now. We've had...
