As was expected The Federal Open Market Committee today approved a quarter-point increase in its target funds rate. The new target will go from 0 percent to 0.25 percent to 0.25 percent to 0.5 percent. The Federal Funds Rate has remained at zero for the last 7 years to...
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...
After several bullish days of new record highs for the Dow and S&P 500, markets retreated somewhat today to catch their collective breaths with earnings reports filtering out. Wells Fargo reported results as expected, but Citigroup reported results that beat analysts' expectations. Yesterday, JPMorgan Chase beat estimates and BlackRock...
Stocks were sharply lower on Tuesday, as another dip in oil prices concerned investors.
Brent crude prices fell almost 4 percent in early trading Tuesday, while U.S. crude prices dropped below $50 per barrel yet again with a drop of 3.4%. Adding to concerns was the fact that the price...
Hump-day on Wall Street meant a down day for the market as all three major indices ended in the red. Energy stocks led the decline, falling 1.5% with oil finishing lower. Oil dropped almost 2.5% to close at $41.71 per barrel.
As CNBC's Bob Pisani reported today, the market is...
Wall Street continued to stay true to the 2014 theme as stocks ended the first week of trading down and not nearly as bullish as 2013,
Again, it may be too quick to start speculating on the psyche of investors just yet, as it understood that trading volume is low...
U.S. stock futures fell lower Tuesday, one day after the Dow and S&P 500 set new all-time highs and the NASDAQ reached 5,000 for the first time in almost 15 years.
But this morning, the outlook was pessimistic following disappointing earnings figures from major retailers like Dick’s Sporting Goods and...
Even though stocks had their best month in four years, Wall Street ended the month of October on a down note finishing lower on all three indices. Chris Gaffney, president of world markets at EverBank told CNBC:
"There's just a whole lot of uncertainty in markets right now. We've had...
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...
U.S. stocks moved forward to open the week on Monday, as investor sentiment rebounded from over the better-than-expected jobs report from Friday. Many believed the report will play a considerable role in leading to an interest rate hike.
An increasing number of experts called for a June rates hike following...
