It was a down day on Wall St. as stocks closed lower across the board. Investors continued to consider the possibility of a December rate hike and looked closely at 3rd quarter earnings.
According to CNBC:
"Should the economy show signs of improvement and global conditions do not worsen, the Federal...
The Federal Open Market Committee (FOMC) concluded its two day series of meetings with a decision not to raise interest rates. Wall Street's major averages extended gains as the close approached, more than recovering from a brief dip into negative territory after the release of the Fed statement. The...
Stocks finished lower after several U.S. companies delivered disappointing results and forecasts. UPS was way down after the package delivery company reported revenue that fell short of analysts' estimates. Engine maker Cummins fell 8 percent after the company's earnings fell far short of forecasts. The company also cut its...
Wall Street entered the new session today riding a 4 week winning streak but then came the news that there's not much support for a bullish view of U.S. growth prospects in the fourth quarter of the year. Four-fifths of the experts surveyed by the National Association of Business...
Markets ended the week on a high note with gains across the board. The NASDAQ rose 2.5% finishing at a two month high as investors reacted to more quarterly earning reports including Microsoft's which beat analysts' expectations. Microsoft stock closed up almost 11 percent-its best close since February 2000. China's...
Wall St. had a positive day Thursday as all three indices rose on a fresh batch of quarterly earnings reports and comments from the President of the European Central Bank that ECB rates would remain unchanged.
ECB President Mario Draghi said in a news conference:
"Short-term inflation expectations have declined but...
As more earning reports came out today, Wall Street struggled to maintain gains and finished down across the board. Tech giant Apple doesn't report earnings until next week, and some experts are predicting a 10% chance of an earnings plunge. Apple is having its worst year since the financial...
The Tuesday trading day was highlighted by the end of a 3 day winning streak for the Dow and a continued stock slide by IBM. Perennially one of the most respected and successful corporations in the world IBM’s stock plunged to almost a five-year low after the company cut...
Markets opened the new trading week with an up and down ride on Wall Street before closing in the positive. The slight gains came despite the fall in energy stock and oil as another batch of big corporations prepare to release quarterly earnings reports this week. Over a 5th...
Following a big day on Wall St. on Thursday, the markets fought to maintain gains made in the early part of Friday's session and eventually closed higher for the third week in a row. Health care and consumer goods led the S&P 500 while industrials declined the most. Corporate...
