Oil prices surged and so did the stock market as the Dow Jones Industrial average rose into positive territory for the first time in 2016. FedEx, Goldman Sachs and Boeing were among the big winners, while oil closed above $40 a barrel for the first time since December 3,...
The market ended the week on a high note as both the the Dow and S&P 500 moved into positive territory for the year, marking the 5th straight week of gains. Quincy Krosby, market strategist at Prudential Financial told CNBC:
"Traders, investors are looking at a calm backdrop for markets....
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...
Markets reacted skittishly today following the ISIS terrorist bombings in Brussels, Belgium which have killed at least 30 people have injured another 230. The attacks in Brussels, which snapped the Dow's 7 day winning streak, is a reminder of just how vulnerable the entire world has become to global...
A combination of falling oil prices and continued suggestions by Fed presidents that the Federal Open Market Committee (FOMC) may raise interest rates sooner rather than later caused markets to suffer some losses today. The President of the St. Louis Fed James Bullard was the most recent Fed president...
Today marked the last day of trading for the week as Wall Street has off tomorrow for Good Friday. Today was a mixed, roller-coaster kind of day for stocks as the market suffered it's first losing week in the last 6 weeks. Banking stocks took the brunt of the...
After a long holiday weekend, Wall Street began the new trading week with investors eagerly awaiting the latest jobs report this week. Even though the market finished mix today, new figures released from the CNBC/Moody's Analytics Report showed 1st quarter-2016 economic growth was just 0.9 percent. The numbers translated...
Speaking to the Economic Club of New York today, Fed Chair Janet Yellen said that the U.S. central bank will "move cautiously with further rate hikes." Her comments were well received by investors as the Dow and S&P hit new highs for 2016. Tech stocks led gainers as oil...
Financial and tech stocks led a third straight day of gains on Wall Street. It comes the day after Fed Chair Janet Yellen calmed market watchers with her comments that the Fed would take its time and carefully consider raising interest rates over the foreseeable future.
Chicago Fed President Charles...
On the eve before the latest jobs report comes out, markets finished down on the last day of March-the final day of the 1st quarter/2016. The month proved to be a good one for oil as the price of a barrel of crude soared 13% in March, closing today...
