On the last trading day of the week, Wall Street finished on a down note with all three major U.S. indices suffering substantial losses.
The main culprits:
Worry over the "Brexit" vote
Drop in price of oil
Lag in financial stocks
In reference to a forthcoming "Brexit" vote later this month in Britain, (whether...
Stocks floundered as Wall Street's three day winning streak ended. The financial sector was down as was the price of oil. Oil closed below yesterday's high of $51- the highest level in nearly a year.
Watch more on today's financial activity from CNBC's Bob Pisani & Art Cashin-Director of Floor...
Stocks showed modest gains today as the market extended its winning streak to 3 in a row. The Dow closed above 18,000 for the first time since April. The string of positive gains on Wall Street has come as a bit of a surprise to Peter Boockvar, chief market...
Energy stole much of the focus today as the price of oil closed above $50 a barrel for the first time since last July. That helped the energy sector gain nearly 2% but the bio-tech division was down 2.5%. Only the NASDAQ finished in the red.
Yesterday, the S&P 500...
Despite the fact that only a paltry 38,000 jobs were added to U.S. payrolls in May and that the current U.S. economy continues to show signs of not being able to support an interest rate hike at this time, Fed Chair Janet Yellen today signaled that we may still...
Entering the final trading day of the week, the Dow had risen over 400 points during the three days prior, but today the winning streak ended. Stocks finished down across the board following the release of the May jobs report. There had been a great deal of discussion recently...
With the looming, monthly jobs report due out tomorrow, the market took a wait & see approach today with moderate gains. The healthcare sector saw the most advances as the S&P 500 closed above the 2,100 level for the first time since April.
Many investors on Wall Street are also...
The first trading day in June was highlighted by a recovery in oil prices and an unexpected boost in manufacturing which led to modest gains on Wall Street.
However, bond behemoth Pimco stated in its latest projections today that the stimulus program undertaken by the U.S. Central Bank is "losing...
It was a mixed day on Wall Street but perhaps more alarming was a report by world renowned French bank- Societe Generale. The bank released its quarterly report that included concerns about the possibility of so-called "black swan" events that could harshly disrupt global economies.
“Risks to the world economy...
On the final day of the trading week before the long, Memorial Day holiday weekend, most eyes were once again on Fed Chair Janet Yellen. Yellen participated in a "conversation" about interest rates at Harvard University with Gregory Mankiw, an economics professor. She was one of the featured speakers...
