U.S. stocks tumbled Wednesday, as the continued inability of Greece and its creditors to reach a settlement frustrated investors.
Greece Prime Minister Alexis Tsipras expressed anger at the slow-developing plans ahead of today’s meeting with Euro Zone officials in Brussels. As the deadline—now a mere five days away—approaches, the possibility...
Wall Street's three day winning streak came to an abrupt end today as corporate earnings helped drag down the major averages. Wal-Mart and Goldman Sachs were among the heaviest drags on the Dow. At one point during today's session Wal-Mart stock was down over 5%. The retail giant reported...
Investors are no doubt thrilled that the month of January is over, thanks to substantial markets losses on Wall Street. In the opening month of 2016 the Dow dropped -5.50% , the Nasdaq fell -7.86% last month (its worse January since 2008) and the S&P 500 fell -5.07% for...
Stocks wavered today following word from the European Central Bank that the ECB will take a number of steps to try and strengthen Europe's economy. Chief among them: Cutting its main interest rates and expanding its massive bond-buying program.
ECB president Mario Draghi said-
"The outlook for economic growth in the...
U.S. stocks went on a roller-coaster ride Tuesday, losing 100 points before reversing course to trade close to even.
For months, we’ve been reading and hearing about how a stronger dollar was bad for stocks and American businesses. Yet Tuesday morning saw the dollar lose value against a number of...
Markets were closed on this President's Day but the day was highlighted by an ominous report entitled: "The smell of default" from analysts at German firm Deutsche Bank that emphasized- "only the Fed can save stocks now."
The report stated:
"Without policy intervention, there is more downside risk for equities. To...
On the last day of trading for the week oil had its best day since 2009, ending a 5 day losing streak on Wall Street. The price of a barrel of oil soared over %12 percent as stocks experienced gains across the board. The financial and banking sector gained...
Wall Street got a much needed extra day off as the markets were closed Monday for the Dr. Martin Luther King Jr. federal holiday. The first half of January this year has been disastrous for the markets and the worst, first two opening weeks for the Dow and S&P...
U.S. stock futures were higher Monday, as investors shrugged off a disastrous Good Friday jobs report that badly missed expectations.
With the stock markets closed on Good Friday, it was a long weekend for investors who were anxious to see how the markets responds to the 126,000 new jobs created...
An increase in the number of jobs and a rise in the price of oil helped lift the markets today. The Dow closed at a 2 month high as it broke through the 17,000 barrier and the S&P 500 hit the 2,000 mark. For the week- oil finished up...
