U.S. stocks dropped across the board today in part due to news that China's economy is showing new signs of weakness. Today's losses marked an end to the Dow's 7 day winning streak as both transport and biotech stocks took a bath. But the focus was on China as...
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...
Following a big day on Wall St. on Thursday, the markets fought to maintain gains made in the early part of Friday's session and eventually closed higher for the third week in a row. Health care and consumer goods led the S&P 500 while industrials declined the most. Corporate...
Markets opened the new trading week with an up and down ride on Wall Street before closing in the positive. The slight gains came despite the fall in energy stock and oil as another batch of big corporations prepare to release quarterly earnings reports this week. Over a 5th...
The Tuesday trading day was highlighted by the end of a 3 day winning streak for the Dow and a continued stock slide by IBM. Perennially one of the most respected and successful corporations in the world IBM’s stock plunged to almost a five-year low after the company cut...
As more earning reports came out today, Wall Street struggled to maintain gains and finished down across the board. Tech giant Apple doesn't report earnings until next week, and some experts are predicting a 10% chance of an earnings plunge. Apple is having its worst year since the financial...
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...
Markets ended the week on a high note with gains across the board. The NASDAQ rose 2.5% finishing at a two month high as investors reacted to more quarterly earning reports including Microsoft's which beat analysts' expectations. Microsoft stock closed up almost 11 percent-its best close since February 2000. China's...
Wall Street entered the new session today riding a 4 week winning streak but then came the news that there's not much support for a bullish view of U.S. growth prospects in the fourth quarter of the year. Four-fifths of the experts surveyed by the National Association of Business...
Stocks finished lower after several U.S. companies delivered disappointing results and forecasts. UPS was way down after the package delivery company reported revenue that fell short of analysts' estimates. Engine maker Cummins fell 8 percent after the company's earnings fell far short of forecasts. The company also cut its...
