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. 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 were lower in futures trading Friday morning, as investors awaited word from a key meeting between Greece and its creditors. Those creditors include other key nations within the Euro zone, including Germany, which rejected Greece’s latest request for a loan extension Thursday. The Germans felt that the request...
U.S. stocks were down Monday, as investors wait for the final details of Greece’s bailout extension. News of the extension pushed the Dow and S&P 500 to record closes Friday, when it was announced that Euro zone finance ministers had agreed to continue the bailout process through June. The deal...
Stock futures were flat Wednesday morning after comments from Federal Reserve Chair Janet Yellen pushed the Dow and S%P 500 to new record highs on Tuesday. Yellen’s comments in front of the Senate Committee on Banking, Housing and Urban Affairs left investors with the impression that the Central Bank is...
U.S. stocks were largely unmoved this morning, even after a revisal of fourth-quarter GDP figures showed slower growth for the end of 2014. Fourth-quarter GDP was revised to show a figure of 2.2 percent, a disappointing step down from the 4.5 percent and 5.0 percent figures on the second and...
U.S. stocks moved higher on Monday, as investors considered numerous data points both at home and overseas. Manufacturing, construction and personal income numbers were encouraging to investors. Personal income levels jumped 0.3 percent in January, while the manufacturing sector enjoyed its best month since October. Asian markets were up slightly after...
Since the end of the financial crisis, consumer advocates have pushed for fiduciary duty on Wall Street—an obligation for brokers and financial advisors to act in the best interest of clients at all times. Last week, President Obama added his voice to the cause. Speaking to a gathering at AARP...
U.S. stock futures fell lower Tuesday, one day after the Dow and S&P 500 set new all-time highs and the NASDAQ reached 5,000 for the first time in almost 15 years. But this morning, the outlook was pessimistic following disappointing earnings figures from major retailers like Dick’s Sporting Goods and...
U.S. stocks were lower in trading Wednesday, as a busy day for data took shape for investors. This morning, the ADP private payrolls report showed a gain of 212,000 jobs in February. Not only did this number fail to meet expectations, it was the lowest figure in six months. This...