But investors aren’t wiping the 2014 sweat from their foreheads just yet. December’s jobs data delivered an unexpected drop in the unemployment rate but was dwarfed by the even less expected weak number of jobs gained in December.
The Dow Jones finished at 16,483.26 (+0.67%)
The S&P 500 finished at 1,848.39 (0.52%)
The Nasdaq...
Corporate America has been busy this week, and so followed the stock market. After starting the week off pretty tame, investors sprang into action yesterday and today after a bundle of reports came out that often have an influence on the market. Among the reports were some red flags...
Wall St. moved in a positive direction today as stocks traded mostly higher following the release of the minutes from the Fed's September meeting, which indicated that policymakers were worried about slower economic growth around the world. According to Myles Clouston, senior director at Nasdaq:
"The Fed minutes from September...
Unemployment fell to 6.7% from 7% today. Great news? Apparently not...
The new "unemployment rate" was coupled by a jobs report that fell very short of the economists expectations. The economy only added 74,000 jobs in December when economists were predicting 193,000.
So why the extreme contrast in data?
The unemployment rate...
U.S. stocks experienced considerable volatility on Wednesday, as investors digested the Federal Reserve’s statement at the end of their two-day meeting.
In this afternoon's announcement, the Federal Reserve removed the word 'patient' from their outlook on a forthcoming increase on interest rates. The change in language is believed to signal...
The Dow Jones Industrial average saw its five day winning streak come to an end today as China was back in the news, which didn't bode well for Wall Street. Weaker-than-expected Chinese trade data increased investor worry about international economic growth.
Ben Pace, chief investment officer at HPM Partners said:
"I...
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...
Volatility was the story yet again on Wall Street Tuesday. The stock market roared out of the gates this morning, jumping more than 200 points in the first half-hour of trading. By noon, the gains had slowed but the market was still well ahead for the day. But by...
Stocks rose across the board on the first Monday in October. IBM was responsible for a big chuck of the gains on the Dow, along with energy stocks while the S&P 500 and Nasdaq moved back into the black for the first time this year. The S&P rose a...
U.S. stocks fluctuated considerably Monday, as investors weighed data, oil prices and other factors. By the end of the day, major indexes rebounded thanks to a 3.5% rise in oil prices.
Both indexes suffered major losses last week to end the abysmal month of January. This is the second straight...
