Despite rallying late in the day and finishing with some small gains, stocks suffered their worst week since February thanks to persistent worry over the strength of the global economy and the continued rise of the Yen against the U.S. dollar.
Stephen Freedman, senior investment strategist at UBS Wealth Management...
An extremely volatile day on Wall Street saw markets suffer big losses as the S&P 500 gave back all of its gains for 2016 and the Dow Jones Industrial Average suffered triple digit losses. The fact that the Japanese Yen continued its strength against the U.S. dollar increased worries...
For the second day in a row Wall Street was singing the blues as financial stocks and falling oil prices led decliners. The S&P 500 dropped 1% eliminating most of its gains this year, while the Dow Jones Industrial Avg. suffered its first triple digit loss in almost a...
The first trading day of the week was a downer for investors as the volatile price of oil continued to exert its influence on the markets. U.S. crude oil settled at $35.70 a barrel, down $1.09 or 2.96 percent, ending at its lowest level since March 4th. What's causing...
After some encouraging employment numbers for March the Dow closed near a 4 month high ending the week on a positive note. Even though oil finished down $1.55 a barrel closing at $36.79 (which wiped out gains for the year) the Dow Jones industrial average closed up about 107...
On the eve before the latest jobs report comes out, markets finished down on the last day of March-the final day of the 1st quarter/2016. The month proved to be a good one for oil as the price of a barrel of crude soared 13% in March, closing today...
Financial and tech stocks led a third straight day of gains on Wall Street. It comes the day after Fed Chair Janet Yellen calmed market watchers with her comments that the Fed would take its time and carefully consider raising interest rates over the foreseeable future.
Chicago Fed President Charles...
Speaking to the Economic Club of New York today, Fed Chair Janet Yellen said that the U.S. central bank will "move cautiously with further rate hikes." Her comments were well received by investors as the Dow and S&P hit new highs for 2016. Tech stocks led gainers as oil...
After a long holiday weekend, Wall Street began the new trading week with investors eagerly awaiting the latest jobs report this week. Even though the market finished mix today, new figures released from the CNBC/Moody's Analytics Report showed 1st quarter-2016 economic growth was just 0.9 percent. The numbers translated...
Today marked the last day of trading for the week as Wall Street has off tomorrow for Good Friday. Today was a mixed, roller-coaster kind of day for stocks as the market suffered it's first losing week in the last 6 weeks. Banking stocks took the brunt of the...
