Wednesday was a good day for the Dow as the index finished up triple digits. Goldman Sachs and IBM contributed the most to gains. Oil also closed at a 2016 high, rising above $49 per barrel. Energy, materials and financials traded more than 1 percent higher.
It's been the best...
It’s out of the frying pan and into the fire for Wall Street today.
After limping away from the last days of September, stocks took another big hit today as the Dow fell over 240 points and the S&P dipped another 1.3%. As of 2:00 p.m. today, the losses on...
U.S. stocks were lower on Thursday, as hopes of averting the debt crisis in Greece were dashed overnight.
Wednesday saw the markets recover from a Tuesday sell-off, partly on the strength of Greek optimism regarding a deal to solve the nation’s ongoing credit crisis. But European officials denied claims that...
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...
Stocks rose across the board on the first Monday in October. IBM was responsible for a big chuck of the gains on the Dow, along with energy stocks while the S&P 500 and Nasdaq moved back into the black for the first time this year. The S&P rose a...
"The Markets will have a day of reckoning!"
Those were the words of billionaire investor Carl Icahn, who told CNBC's Power Lunch today that he is "extremely cautious" on the U.S. markets. The result of his warning was a big drop on Wall Street today as The Down dropped over...
The first trading day in June was highlighted by a recovery in oil prices and an unexpected boost in manufacturing which led to modest gains on Wall Street.
However, bond behemoth Pimco stated in its latest projections today that the stimulus program undertaken by the U.S. Central Bank is "losing...
The Federal Reserve released its most recent "Beige Book" today. The summary on current economic conditions by the Fed indicated that "economic activity has increased in most regions & consumer spending rose in most districts."
The business activity snapshot further complicates the Federal Open Market Committee's process of determining...
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 down dramatically Monday, as investors braced for an historically bad day on Wall Street.
The Dow was down over 850 points within minutes of the opening bell. NASDAQ was down 370, with the S&P 500 down close to triple digits. All three major indices are sharply into...
