A combination of falling oil prices and continued suggestions by Fed presidents that the Federal Open Market Committee (FOMC) may raise interest rates sooner rather than later caused markets to suffer some losses today. The President of the St. Louis Fed James Bullard was the most recent Fed president...
U.S. stocks were down Wednesday, one day after new trade data raised concerns that 1st-quarter GDP would show an economic contraction.
A late, minor rally saved the Dow from falling back into negative territory for the year. 10-year Treasury yields moved as high as 2.25, their best mark in 2015.
After...
The theme of 2015 has been plenty of volatility, with few results on the stock market. That was certainly the case this week, as the market saw wild swings from day to day. But by the end of the week, the Dow and S&P were where they've been for...
Tuesday was a new day, but the same story on Wall Street—considerable losses in the face of declining oil prices. Oil fell another 4.3%, settling just under $48 a barrel. Prices haven't been this low since April 2009, the tail end of the Great Recession.
Stocks were hit to the tune...
U.S. stocks were slightly higher on Tuesday, as investors moved their attention away from Greece and back to information on the U.S. economy.
Today’s biggest piece of data—retail sales—proved disappointing, as June figures showed a decline of 0.3 percent. Experts and analysts had been expecting an increase of 0.3 percent.
Treasury...
A better than expected July jobs report helped vault the markets into higher territory today. The U.S. economy added 255,000 jobs in July, well above the expected 180,000. The unemployment rate remained unchanged at 4.9% but today's unemployment report sent stocks on major upswing with the S&P 500 &...
Friday the 13th was an unlucky day for Wall Street today as the Dow gave back most year to date gains. The Dow Jones industrial average briefly fell more than 200 points at one point in afternoon trading, with Goldman Sachs, Boeing, 3M and Wal-Mart contributing the most to...
Big gains in the energy and technology sectors helped push all three major indices to higher levels on Wall St. Global oil prices surged due to a report on heating oil and gasoline inventories will show a decline, while the prospect of falling natural gas shale production also added...
Last week, the Federal Reserve announced the end of the third leg of quantitative easing, or QE3.
QE3 lasted for over two years, with the Fed buying between $40 billion to $85 billion in mortgage-backed securities each month. This number was tapered to $25 billion in August.
The greatest ‘side effect’,...
U.S. stocks were lower on Wednesday as investors began to worry over continued issues in Chinese markets. The current figures show the S&P trading at a loss thus far in 2015.
Right before noon, trading on the NYSE was suspended due to a technical malfunction. It didn't resume until after...
