Following yesterday's advances on Wall Street where the Dow Jones Industrial average gained 222 points (thanks to a rally in financial shares), the Dow gave back much of those gains due to poor corporate earnings reports. The Dow lost over 200 points due mostly to disappointing first quarter earnings...
U.S. stock markets finished Tuesday mostly flat, after a day filled with uncertainty due to oil prices and 4th quarter earnings.
It was a bad morning on Wall Street, as the Dow fell over 100 points during the early part of the session. Oil prices dropped almost 5% on Tuesday...
U.S. stocks were lower Monday, beginning a week that follows new record highs on the S&P 500 and NASDAQ indices.
The S&P moved up slightly Friday to eclipse its all-time record high by fractions of a point, while the NASDAQ soared past its previous high attained in March 2000.
This week...
The Department of Labor is once again forced to delay the passing of new legislation that would impose a fiduciary standard on advisors working with the retirement assets of millions of Americans.
The rule, which seeks to raise the standards of practice for investment advisors, was first introduced in 2010...
Coming off its worst week in months, the Dow attempted to recover this week… but those efforts were undone by more weak economic data. The Federal Reserve still won’t commit to an interest rate hike, and as we reach the end of July, the Dow is still underwater for...
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....
U.S. stocks were flat on Thursday, as investors considered the latest GDP figures from the Commerce Department.
First-quarter GDP was revised to a figure of 0.6% growth—up from the previous reading of-0.2%. However, the widely-promised 2nd-quarter recovery did not come to fruition, as the number came in at 2.3% growth—falling...
The next-to-last-day of 2014 was a tumultuous one on Wall Street, as low volume trading led to a decline of almost 2% in the utilities sector.
Overall, 2014 has been a positive year for utilities, which are up more than 25%. That’s why many experts were caught off guard by...
Wall St. moved in a positive direction today as stocks traded mostly higher following the release of the minutes from the Fed's September meeting, which indicated that policymakers were worried about slower economic growth around the world. According to Myles Clouston, senior director at Nasdaq:
"The Fed minutes from September...
This week, we saw that oil prices aren’t the only thing weighing on the stock market. Retail sales and financial uncertainty in the Euro zone played a role in this week’s decline, as the market fell 1.3% for the week.
Monday stocks fell at the opening bell based on a...
