U.S. stocks moved higher Thursday following European Central Bank (ECB) President Mario Draghi's announcement that the ECB will embark on a bond buying program in the near future.
The announcement came about 10 a.m. East Coast time and immediately sent the Dow soaring by almost 200 points.
The ECB's program will...
U.S. stocks shrugged off further drops in oil prices and disappointing earnings reports to move higher Thursday afternoon.
Alibaba, Ford and Hershey are among the big names reporting today. Both Alibaba and Ford's reports fell short of expectations, while McDonald's saw some gains after announcing they'd be hiring a new...
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...
The S&P 500 and Dow Jones Industrial average have dominated the news over the past several weeks because of volatile fluctuations in both indices since the U.K. Brexit vote, but today the NASDAQ took some of the stock headlines after posting a gain of over one percent. The Dow...
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...
Many Wall Street experts have spent the summer calling for a market correction. Some call for a 5-10% reduction, while others such as Marc Faber have called for a 20-30% crash.
The truth is that no one knows when the next market correction or crash will happen, nor do they...
Ahead of Friday's U.S. jobs report, today the Bank of England cut interest rates in the U.K. to avoid a possible post-Brexit vote recession. Policymakers voted unanimously to cut rates a quarter point to 0.25% in the BOE's first rate reduction in seven years. Banking officials in the UK...
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...
U.S. stocks were lower on Tuesday, after a surprise devaluation of the Chinese yuan took away the momentum of yesterday’s rally.
On Monday, the Dow broke a 7-day losing streak, rallying to finish up by 241 points. But this morning investors watched as many of those gains were taken back,...
Despite widespread support for a measure that would force brokers to put their clients’ best interests first when managing retirement accounts, it appears that the powers on Wall Street are poised to get their way once again.
The House Appropriations Committee introduced a bill on Tuesday that would effectively stop...
