October 11, 2012 |
The specter of anemic corporate earnings has put a temporary halt to the stock market's summer winning streak. The Dow Jones industrial average fell for a third consecutive day Wednesday as investors faced the prospect that quarterly profits may decline for the first time since 2009. The Dow slipped nearly 129 points, its second straight triple-digit setback, after Alcoa Inc. warned that weakened growth in China has cut into demand for aluminum. That renewed concerns that economic troubles in Asia and Europe could slice into profits of U.S. companies this year and next.
June 9, 2012 |
The stock market finished its best week of the year, but the mood on Wall Street was subdued as investors braced for potentially major developments in Europe beginning Monday. Major stock indexes extended an unexpected four-day winning streak with modest gains Friday. The Dow Jones industrial average rose more than 93 points, notching a 3.6% weekly gain that reversed a 9% decline over the previous month. The blue chip index is now up 2.7% since Jan. 1 after sagging into negative territory for the year last week.
March 30, 2012 |
It might be safe to look at your 401(k) statement again. The Dow Jones industrial average and Standard & Poor's 500 index closed out their best first quarter since 1998. The run-up has sent nearly $1.85 trillion streaming back into stocks since January. The broad S&P 500 rocketed 12% higher during the quarter while the blue-chip Dow surged 8.14%. Technology stocks were even hotter: The Nasdaq composite gained nearly 19% in its strongest launch since 1991. Investors piled into the market amid signs the economic picture is brightening with solid job gains and improving consumer confidence.
February 24, 2012 |
The Dow Jones industrial average is making another run at closing above 13,000, a milestone that has not been reached since the start of the financial crisis four years ago. America's most-watched stock indicator popped above and below the level six times in the first few hours of trading Friday. The blue-chip index was most recently up 26.37 points, or 0.2%, at 13,010.08. The Dow is now up nearly 6.5% so far this year and has gained more than 1,000 points along the way. Broader stock indexes have also been on a blistering pace.
February 17, 2012 |
U.S. stocks rallied amid more evidence of a U.S. economic recovery and hopes of a new Greek bailout, sending the Dow Jones industrial average to one of its best days this year. The Dow rose to within 100 points of the psychologically important mark of 13,000, a level last reached in May 2008. Economic data released Thursday showed that the number of people filing for unemployment claims fell last week, while the number of homes under construction rose. The reports helped paint a more upbeat picture about the economy that put Wall Street in a buying mood.
February 13, 2012 |
Another morning of rising stock prices, another day of debating whether the recent stock rally has gone too far. Stocks have started the week on an up note thanks to the Greek Parliament's decision to move forward with a plan that will cut more from the budget in order to win the country more aid from the international community. The benchmark Standard & Poor's 500 index is up 0.6% or 7.23 points to 1,349.94 this morning. The rise comes after U.S. markets experienced their worst day of the year to close out last week.