U.S. stocks finished down slightly for the second day in a row, after oil prices struggled in early trading. U.S. crude stockpiles grew by an astounding 7.7 million barrels last week, according to the American Petroleum Institute (API). This was more than expected and contributed to another drop in oil...
U.S. stocks finished slightly down Wednesday, after the S&P 500 broke the 2,100 barrier for the first time Tuesday. Investors were encouraged by Greece’s announcement that the nation would be seeking a loan extension from creditors. However, this isn’t the first encouraging sign that has come along during this crisis—and...
U.S. stock futures stayed relatively level Tuesday as investors continued to digest news from the Euro zone, where the end of Greece’s bailout program continues to loom large. Talks broke off abruptly Monday between Greek officials and representatives from other Euro Zone nations. An official from Greece Prime Minister Alexis...
U.S. stocks were higher on Friday, as continued rises in the prices of both U.S. and Brent Crude oil gave investors confidence heading into the end of the work week. The Euro zone reported GDP figures that grew 0.3 percent in the final quarter of 2014—higher than the expectations of...
U.S. stocks closed higher Thursday following news of a cease fire and possible lasting peace deal between Russia and Ukraine. The cease fire, set to begin Sunday, comes as the result of ongoing negotiations between leaders from both sides. The news provided at least a temporary distraction from the financial...
U.S. stocks closed up on Tuesday, overlooking the ongoing debate over ending Greece’s current bailout. On Sunday, Greek Prime Minister Alexis Tsipras reinforced his pledge to end the bailout. Thus far, however, he has yet to provide a useful solution to the country’s level of debt. The European Central Bank...
It’s been almost four years since the Department of Labor (DOL) proposed a rule that would enforce a fiduciary duty on financial advisors who work with retirement accounts. But little progress has been made towards imposing such a standard, thanks to continued protests from the financial industry. The most recent—and...
U.S. stocks traded lower Monday, as investors watched the fallout from Greece’s credit crisis affect markets in Europe. As negotiations over a potential Greek bailout program continued, European markets dropped as much as 5 percent due to the uncertainty that followed a speech by Greece’s Prime Minister Alexis Tsipras. Tsipras reiterated...
U.S. stocks traded lower Friday afternoon as a positive jobs report was overshadowed by more unrest in the Euro Zone. Experts believed the report would show about 230,000 new jobs created in January, so the actual number of 257,000 new jobs was a pleasant surprise for investors. Wall Street analysts...
U.S. stocks were higher on Thursday, as markets attempted to recover from early setbacks in the Euro Zone. The European Central Bank (ECB) revoked a previous policy that allowed banks to use Greek government debt as collateral for loans. This had a significant impact because many banks are invested in...