On the penultimate trading day of the week on Wall Street, all of the major averages had gains of 1% or more as financials lead the way and investors processed bank earnings and the latest economic data that supported the case for a rate hike delay. Rises in the...
Any ideas of a pre- "Santa Claus" rally on Wall Street faded very quickly today as stocks suffered heavy losses, while investors continue to ponder "if and when" the Fed will raise interest rates possibly next month. At one point today the Dow was down 300 points while the...
After a long losing streak, Wall Street enjoyed a second consecutive positive finish on Thursday as markets rallied behind continued steadiness in oil prices.
Oil prices have been slashed by more than half in the past six months. So two consecutive days without further dips in prices was welcome news...
On the first trading day of 2016 Wall Street experienced huge losses as the financial world reacted to continued economic instability in China. Earlier, the Dow fell more than 450 points, plummeting more than 2.5 percent, on pace for its largest percent decline on the first trading day of...
U.S. stocks traded lower Friday afternoon as a positive jobs report was overshadowed by more unrest in the Euro Zone.
Experts believed the report would show about 230,000 new jobs created in January, so the actual number of 257,000 new jobs was a pleasant surprise for investors. Wall Street analysts...
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...
On a day when NJ Governor Chris Christie officially endorsed Donald Trump as the Republican Presidential nominee, markets struggled to gain any ground. The markets finished mixed on Friday but up for the week. There was continued concern about the solvency of Puerto Rico after the island's governor said...
The Federal Reserve released its “Beige Book” on Wednesday, which reports on our nation’s current economic conditions. Their report was largely positive, causing a recovery among all three major U.S. market indexes.
The key findings in The Fed’s report were that businesses are offering higher wages to their employees, the...
U.S. stocks were higher again Thursday, as oil prices staged a rally from near 7-year lows earlier this week.
Oil prices jumped more than 10% to $42.52 per barrel—up from the week’s low point of $38.95 per barrel.
Investors were encouraged by the first positive day in some time on the...
It was a new trading day on Wall Street but unfortunately it was the same old volatility on the markets as all three major U.S. indices experienced wild swings ending in another down day across the board. At one point during Wednesday's selloff of global equities the Dow Jones...
