At the start of what will be a shortened trading week, due to markets being closed this Friday for Good Friday observances, Wall Street made some small gains. Stocks are currently riding a 5 week win streak as both the Dow Jones industrial average and S&P 500 have moved...
CNBC reported late today that the Fed is telling banks to prepare for the possibility of negative interest rates.
"For the first time ever, the governing agency and U.S. central bank is requiring banks to include, in a round of stress tests commencing this year, to prepare for the possibility...
Monday was a rough day for U.S. markets, but it appears this morning as though that may be just the start of a disastrous week for equities.
Tuesday saw a global rout on stocks around the world, as the eight largest indexes in Europe all dropped at least 2 percent....
It was a disastrous week for Wall Street, as the Dow lost ground every day this week, extending its losing streak to seven days overall! Oil prices, global turmoil and the possibility of an impending interest rate hike all played a role in the Dow shedding almost 2% over...
Today marked the start of the holiday shortened, Thanksgiving week on Wall Street & the markets spent most of the session trying to figure out which way was up. In the end: It was down. Earlier in the day, figures showed that the deadly attacks in Paris seemed to...
Volatility was the story yet again on Wall Street Tuesday. The stock market roared out of the gates this morning, jumping more than 200 points in the first half-hour of trading. By noon, the gains had slowed but the market was still well ahead for the day. But by...
The Consumer Sentiment Index is measured each month by The University of Michigan, and rates the optimism consumers have on the U.S. Economy. For the month of September, consumer sentiment came in at 85.7, well below the expectations of 91.2.
Oil prices dropped more than 3.5% in the morning following...
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....
On the first trading day of the week came a report from investment banking giant Morgan-Stanley that it has increased it's probability that a recession will hit the global economy within the next year from 20 percent to 30 percent. Read more from CNBC here.
Among Morgan-Stanley's list of chief...
The release of the Federal Open Market Committee meeting minutes from October generated mostly positive responses from Wall Street today. The Dow finished up over 247 points; The NASDAQ over 89, while the S&P gained just over 33 points. The minutes revealed that the central bank's voting members believe...
