Led by a 4.2% rise in the price of oil the markets finished with modest gains today. The cost of oil jumped $1.18 to close at $29.53. Oil continued to hold near lows not seen since 2003. Weekly oil inventories showed a build in crude oil stocks and U.S....
Energy stocks fell over 3% as oil prices dropped below $40 a barrel -levels not seen since August, 2015. Wall Street suffered losses across the board as the Dow finished in negative territory for the year after Fed Chair Janet Yellen supported the case for a rate hike at...
U.S. stocks were hammered on Thursday, as investors continued to fret over the dropping price of oil.
Crude oil dipped below $40 per barrel early on Thursday, a fresh 6 ½ year low for prices. The latest drop was buoyed by an unexpected surplus in the latest report on U.S....
U.S. stocks were mixed in Tuesday afternoon trading, as market momentum slowed in the face of new increases in Treasury yields.
The market moved up on Tuesday morning after receiving better-than-expected housing data. Construction began on 1.13 million new houses in April—considerably better than the expected 1.02 million.
However, 10-year Treasury...
The Dow Jones Industrial average and S&P 500 are currently riding session highs, having set new records in each of the past three trading days. However, Larry Fink, chairman and CEO of BlackRock, the world's largest asset manager told CNBC's Squawk Box that there is NOT enough evidence to...
Wall St. had a positive day Thursday as all three indices rose on a fresh batch of quarterly earnings reports and comments from the President of the European Central Bank that ECB rates would remain unchanged.
ECB President Mario Draghi said in a news conference:
"Short-term inflation expectations have declined but...
U.S. stocks moved up on Thursday, the last day of a shortened—but busy—trading week on Wall Street.
The Dow continued its retreat Wednesday, effectively wiping out all of the gains from Monday’s 263-point rally. A 200-point drop on Tuesday did most of the damage and pushed the leading index back...
U.S. stocks traded lower Monday, as investors watched the fallout from Greece’s credit crisis affect markets in Europe.
As negotiations over a potential Greek bailout program continued, European markets dropped as much as 5 percent due to the uncertainty that followed a speech by Greece’s Prime Minister Alexis Tsipras.
Tsipras reiterated...
U.S. stocks were lower in Monday trading, as investors reacted to the news of the latest downturn in the Chinese markets.
It’s been an ugly summer for Asian equities, and that’s been most evident in China. The Shanghai Index—China’s largest—has fallen a total of 28% since reaching its all-time high...
An increase in the price of oil and strong showings within the financial industry gave stocks a boost today. The Dow Jones industrial average added more than 160 points with Chevron and Goldman Sachs leading the Dow. Oill rose 4.5% closing at $42 per barrel (a 2016 high) following...
