The next-to-last-day of 2014 was a tumultuous one on Wall Street, as low volume trading led to a decline of almost 2% in the utilities sector.
Overall, 2014 has been a positive year for utilities, which are up more than 25%. That’s why many experts were caught off guard by...
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...
The Dow and S&P 500 inched ahead on Monday to start what was widely expected to be the quietest week on the market in some time.
With the markets closing early on Wednesday for Christmas Eve—and staying closed until Friday in recognition of Christmas Day—experts predicted many traders would stay...
Monday stocks saw great volatility, starting the day up more than 100 points in the morning before beginning a slow decline that would last the rest of the day. Once again, uncertainty over oil prices was the culprit, and the Dow finished the day down 99 points.
Tuesday stocks started...
The stock market finally ended its losing streak on Wednesday, as investors happily grabbed a hold of any good news they could find.
This morning it was oil rallying for the first time in days—up by over 3.5 percent at one point. Energy producers, in turn, led Wall Street gains....
As the U.S. stock market opened Tuesday trying to avoid another day in the red, a new obstacle appeared overseas.
The Russian ruble continued to tumble Tuesday morning, following its worst session in 15 years Monday. Even a late-night action by the Central Bank of Russia (CBR) to raise interest...
The continued fall of oil prices was the big story on the markets this week. It was Wall Street’s worst week of 2014, and the Dow’s worst week in three years, as it dropped 683 points!! Lower gasoline prices may be keeping more money in your pockets, but oil...
In recent days, the buzzword on the markets has been volatility. After today, there’s no getting around the truth—the market is in the midst of a full-fledged selloff.
It was an historic day for all the wrong reasons.
Wednesday Closing Bell
Dow Jones Industrial Average: 16,141.74 (-173.45)
S&P 500: 1862.49 (-15.21)
NASDAQ: 4215.32 (-11.85)
Among the lowlights:
The NASDAQ...
It’s out of the frying pan and into the fire for Wall Street today.
After limping away from the last days of September, stocks took another big hit today as the Dow fell over 240 points and the S&P dipped another 1.3%. As of 2:00 p.m. today, the losses on...
At the beginning of the month, former House Majority Leader Eric Cantor took a lucrative new role at Moelis & Co., a New York-based investment bank. The move, announced the day after Labor Day, seemed hasty—only two weeks after Cantor’s resignation from Congress. Suggestions abounded that the hope was...
