Despite widespread support for a measure that would force brokers to put their clients’ best interests first when managing retirement accounts, it appears that the powers on Wall Street are poised to get their way once again. The House Appropriations Committee introduced a bill on Tuesday that would effectively stop...
U.S. stocks were higher Wednesday, as the attention of Wall Street shifted from the Greece crisis to the Federal Reserve statement. With no solution imminent in Greece, it made sense for investors to choose to follow the policymakers, in hopes of finding further clues to the timing of an interest...
U.S. stocks were higher Tuesday, as investors turned away from concerns over the Greek credit crisis and looked toward tomorrow’s Fed meeting minutes. The Dow regained much of its’ 107-point loss from Monday, as European equities stabilized amidst the ongoing controversy over Greece’s bailout conditions. The Greeks have a 1.7...
U.S. stocks fell sharply Monday, after the weekend saw the latest plan for solving the Greek credit crisis fall apart. Ever since the situation took center stage in Europe months ago, a solution has appeared imminent on several occasions—only to deteriorate before a deal can be ratified. That was the...
It was another long week on the Wall Street treadmill, as the market moved a whole bunch, but didn't really go anywhere! As we close in on the halfway point of 2015, the Dow stands less than 0.5% higher than it did on the 1st of the year! Monday the...
U.S. stocks were higher Thursday, as investors reacted to the retail sales and jobless claims numbers. Both reports were largely in line with expectations—retail sales for May were up 1.2 percent, as opposed to the expected 1.1 percent. Jobless claims fell within 2,000 of their expected total (279,000 actual vs....
U.S. stocks were higher Wednesday, thanks to the slow-but-steady recovery continued in the oil markets. The Dow broke its four-day losing streak after closing slightly down on Tuesday. Investors hoped that a bounce in oil prices will end that streak today. Futures in the oil market extended gains on Wednesday...
U.S. stock futures were close to even Tuesday, following another disappointing day for equities on Monday. Monday's session pushed the Dow Jones Average into the red for 2015, and continued what’s becoming a troubling string of losses on the market. 10 of the last 14 sessions have seen the major...
U.S. stocks were lower Monday, as the leading Dow Jones index fell into the red for the year. Investors began the week with concerns over the continuing crisis in Greece as well as volatility in the bond markets at home. 10-year Treasury notes soared to their highest levels in eight...
The Dow took a beating in the final two days of trading this week—and went down almost 1%. For the year 2015, the Dow stands at a tiny 0.18% gain! Monday was the first day of June, and Wall Street looked to break a May losing streak. Technically, they were...