On the first trading day of the week came a report from investment banking giant Morgan-Stanley that it has increased it's probability that a recession will hit the global economy within the next year from 20 percent to 30 percent. Read more from CNBC here.
Among Morgan-Stanley's list of chief...
U.S. stocks were lower Wednesday, following a couple of critical pieces of information that may have raised more questions about the economy than they answered.
The highlight of this week on Wall Street was expected to be this afternoon’s Fed statement, marking the end of the Federal Open Market Committee’s...
Energy stocks- specifically oil- put a damper on today's meager market gains. The price of oil dropped another 3.3% settling below $29 a barrel. The International Energy Agency, which advises industrialized countries on energy policy, said the overstock of oil would last until at least the end of this...
Today marked the start of the Federal Reserve's two-day meeting to decide whether or not to raise interest rates. The debate on what should be done marches on and Wall Street is divided. It seems nobody wants to make any big moves until the final announcement is made Thursday afternoon.
Asians...
The release of the Federal Open Market Committee meeting minutes from October generated mostly positive responses from Wall Street today. The Dow finished up over 247 points; The NASDAQ over 89, while the S&P gained just over 33 points. The minutes revealed that the central bank's voting members believe...
Friday, August 8th
As tensions rise in the Middle East and continue in Ukraine, Wall Street responded with drops across the board Thursday. Friday’s outlook is even bleaker.
Following a report that Russian troops had mobilized along the Ukrainian border, stock prices began dropping Wednesday and continued their downward momentum Thursday....
U.S. stocks traded lower Tuesday, after another drop in China’s Shanghai Index dulled investors’ reactions to positive housing data.
Overnight, the Shanghai Index dropped another 6.1%, undoing a week’s worth of slow recovery in a market that’s had a disastrous summer. Renewed concerns over further devaluation of the yuan—China’s main currency—were...
Wall Street's losing streak continued for a 3rd consecutive day as the week remained in the red. The S&P 500 dropped into negative territory for the year, while the Dow has now lost over 353 points this week alone. The NASDAQ is down nearly 119 points so far this...
The Monday markets got a big boost from Apple as the computer giant rebounded sharply today adding nearly 4%-it's best day since March. The Dow finished up triple digits while the NASDAQ added 57. Apple's gain was part of an overall improvement in tech stocks. Energy issues also saw...
Wednesday was a short, quiet day on Wall Street as the markets closed at 1 p.m. in observation of the Christmas Eve holiday.
During the brief trading day, most investors chose to focus on the weekly jobs report, where claims fell below 300,000 to bring some holiday cheer to the...
