Following yesterday's advances on Wall Street where the Dow Jones Industrial average gained 222 points (thanks to a rally in financial shares), the Dow gave back much of those gains due to poor corporate earnings reports. The Dow lost over 200 points due mostly to disappointing first quarter earnings...
U.S. stocks finished mixed at the conclusion of Monday trading amid declines in oil prices,which fell nearly 3% as traders assessed the impact of wildfires on Canada's oil output.
In the meantime, with the U.S. Presidential election still 6 months away, the candidates are being judged as to what their...
The last day of the trading week saw the Dow complete its first two week losing streak since February. The possibility of a Federal Reserve rate hike in June also suffered a big hit today as the April jobs report fell well below analysts' estimates. In April, the U.S....
Cinco de Mayo or May 5th commemorates the Mexican Army's victory over French forces at the Battle of Puebla on May 5, 1862. However, there was no celebrating on Wall Street today as stocks finished with mixed results. Atlanta Fed President Dennis Lockhart told CNBC's "Closing Bell" that:
"He is...
Market volatility continued it's re-assault on Wall Street today as stocks ended their worst week since February. The CBOE Volatility Index, generally regarded as the best indication of fear & volatility in the markets, shot up more than 10% to its highest level since March 15th.-a near 7 week...
"The Markets will have a day of reckoning!"
Those were the words of billionaire investor Carl Icahn, who told CNBC's Power Lunch today that he is "extremely cautious" on the U.S. markets. The result of his warning was a big drop on Wall Street today as The Down dropped over...
The second day of the trading week saw the NASDAQ post its first 4-day losing streak since January as the tech index closed in the red for the year. The day was also highlighted by a big jump in the cost of oil. The price of a barrel of crude...
The first day of the last trading week of April signaled another bad day for financial stocks as the industry remains the worst performer of 2016. Goldman Sachs contributed to most to declines. Wall Street Dick Bove, vice president of equity research at Rafferty Capital Markets said today about...
It was a relatively quiet end to the week on Wall Street which marked the calm before the storm in terms of next weeks Fed meeting. The Federal Open Market Committee is not expected to raise interest rates after their gathering next Tuesday & Wednesday, but investors will be...
Wall Street today gave back much of what it made over the first three days of the week thanks to disappointing earnings reports and poor performances from transportation & energy stocks. The Dow dropped below the 18,000 mark while oil settled $1 lower, or down 2.3% at $43.18 a...
