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BUSINESS
September 2, 2009 | Tom Petruno
Stocks are rose in early trading today. The gains come as European shares drop after a slight rebound in Asian markets. Investors are worried that after a six-month rally in stocks, markets are looking a little overvalued considering the economy's ongoing challenges. U.S. investors will be looking to reports on manufacturing activity, home sales and construction spending for further evidence of the economy's rebound. Sales reports from automakers will also be closely watched.
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BUSINESS
April 11, 2014 | By E. Scott Reckard
California's banking giant, Wells Fargo & Co., reported 14% higher first quarter earnings, powering well beyond Wall Street's expectations as declining loan losses and operating cost cuts offset the slowdown in mortgages at America's largest home lender.  San Francisco-based Wells Fargo, the fourth-largest U.S. bank by assets, said it earned $5.89 billion, $1.05 per share. That compared to $5.17 billion, 92 cents a share, in last year's first quarter. Revenue declined 3% to $20.63 billion.
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BUSINESS
July 12, 2012 | By Andrew Tangel
NEW YORK -- Stocks were down 1% in early trading on Wall Street Thursday, a day after the Federal Reserve released minutes showing internal debates about new monetary stimulus. The Dow Jones industrial average was down 93 points, or 0.7%, to 12,512 shortly after the opening bell. The Standard & Poor's 500 index was down 13 points, or 1%, to 1,328. The Nasdaq was down 42 points, or 1.5%, to 2,845. The morning sell-off came despite a federal government report showing a decline in first-time unemployment claims.
BUSINESS
January 31, 2014 | By Andrew Tangel
NEW YORK -- Stocks tumbled more than 1% in early trading as investors fretted over the strength of developing counties' economies. The sell-off also came as the Federal Reserve continues to scale back its massive injections of easy money into the financial system. Major U.S. indexes followed European stock markets into a steep slide in early trading on Wall Street. The Dow Jones industrial average dropped 207.71 points, or 1.31%, to 15,640.90. The broader Standard & Poor's 500 index fell 18.99 points, or 1.1%, to 1,775.20.
BUSINESS
September 6, 2013 | By Andrew Tangel
NEW YORK -- Stocks slumped in early trading Friday as investors weighed what August's unemployment report could mean for continued Federal Reserve stimulus. The Dow Jones industrial average fell 109.25 points, or 0.73%, to 14,828.23 shortly after the opening bell. The broader Standard & Poor's 500 shed 8.71 points, or 0.53%, to 1,646.37. The technology-focused Nasdaq composite index lost 25.09 points, or 0.69%, to 3,633.69. QUIZ: How much do you know about the stock market?
BUSINESS
April 25, 2009 | Tom Petruno
Lucky 7 eluded Wall Street's blue-chip indexes Friday. Despite a strong rally led by economy-sensitive stocks, the Dow Jones industrials and the Standard & Poor's 500 closed shy of what was needed to extend their winning streak to seven weeks. The Dow rose 119.23 points, or 1.5%, to 8,076.29, but was down 0.7% for the week. The S&P gained 1.7% to 866.23 but was off 0.4% for the week. The BKX bank stock index slid 7.1% for the week, although it climbed 2.
BUSINESS
March 18, 2009 | Tom Petruno
It's getting safer to peek at your 401(k) account. Although the American International Group Inc. bonus fiasco is stealing the headlines, it's having no damping effect on Wall Street's newly elevated mood. The stock market Tuesday reversed another chunk of this year's damage, recording its fifth gain in six sessions and leaving some key indexes up 15% or more from recent lows. The Dow Jones industrial average rose 178.73 points, or 2.5%, to 7,395.70.
BUSINESS
November 18, 2013 | By Andrew Tangel
Stocks burst through yet another milestone Monday as the Dow Jones industrial average climbed higher than 16,000 for the first time. The Dow rose 50 points in early trading, as this year's powerful stock rally continued on Wall Street. The broader Standard & Poor's 500 index briefly touched above a psychological milestone of its own: 1,800. The S&P retreated to 1,799.16, rising 1.35, or 0.07%, in early trading. The technology-focused Nasdaq composite index was up .21, or 0.01%, to 3,986 in early trading.
BUSINESS
June 27, 1989 | From Times wire services
Shares in companies controlled by Australian tycoon Alan Bond fell from already-depressed levels today after a ruling that he is unfit to run his nationwide broadcasting empire. Bond has vowed to fight the ruling by the Australian Broadcasting Tribunal, issued Monday, that he and his Bond Media group are not "fit and proper" to hold broadcasting licenses. But the markets swiftly gave their own verdict. Stock in the flagship Bond Corp. fell 9 Australian cents to a five-year low of 92 cents (70 cents U.S.)
BUSINESS
July 10, 2012 | By Andrew Tangel
NEW YORK -- Stocks gained in early trading Tuesday after European leaders agreed on bailout terms for Spain's troubled banking system. The Dow Jones industrial average gained 43 points, or 0.3%, to 12,779 shortly after the opening bell. The Standard and Poor's 500 index rose 7 points, or 0.5%, to 1,359. The Nasdaq was up 8 points, or 0.3%, to 2,939. Major European stock indexes were up about 1% or more. Spain's costs of borrowing eased, meanwhile. The country's 10-year bond yield slid to about 6.7%, down from about 7% Monday.
BUSINESS
November 18, 2013 | By Andrew Tangel
Stocks burst through yet another milestone Monday as the Dow Jones industrial average climbed higher than 16,000 for the first time. The Dow rose 50 points in early trading, as this year's powerful stock rally continued on Wall Street. The broader Standard & Poor's 500 index briefly touched above a psychological milestone of its own: 1,800. The S&P retreated to 1,799.16, rising 1.35, or 0.07%, in early trading. The technology-focused Nasdaq composite index was up .21, or 0.01%, to 3,986 in early trading.
BUSINESS
September 6, 2013 | By Andrew Tangel
NEW YORK -- Stocks slumped in early trading Friday as investors weighed what August's unemployment report could mean for continued Federal Reserve stimulus. The Dow Jones industrial average fell 109.25 points, or 0.73%, to 14,828.23 shortly after the opening bell. The broader Standard & Poor's 500 shed 8.71 points, or 0.53%, to 1,646.37. The technology-focused Nasdaq composite index lost 25.09 points, or 0.69%, to 3,633.69. QUIZ: How much do you know about the stock market?
BUSINESS
September 6, 2013 | By Ricardo Lopez
Citing a large drop-off in private student loan originations, a JPMorgan Chase & Co. spokeswoman confirmed Friday that the bank would stop issuing student loans Oct. 12. "Over the last five years, students have increasingly relied on government-backed loans," said spokeswoman Trish Wexler. As a result, "we no longer see meaningful growth in this market," she said. PHOTOS: The costliest bank failures  The lender had already started scaling back its student loan business.
ENTERTAINMENT
January 24, 2013 | By Dawn C. Chmielewski
Netflix Inc.'s stock shot up nearly 40% in early morning trading, fanned by domestic subscriber gains and revenue that exceeded Wall Street's expectations. Shares of the online subscription service were trading at $142.86 Thursday, up substantially from Wednesday's closing price of $103.26. The company gained 2 million new customers for its U.S. streaming service -- well above projections of 1.5 million -- as the growing popularity of Internet-connected televisions and tablets spurred demand for digitally delivered movies and TV shows.
BUSINESS
November 26, 2012 | By Andrew Tangel
Following the long Thanksgiving weekend, stocks fell in early trading Monday as worries over U.S. fiscal policy and the Eurozone debt crisis upstaged good news about the holiday shopping season. The Dow Jones industrial average fell 74 points, or 0.6%, to 12,936 shortly after the opening bell on Wall Street. The broader Standard & Poor's 500 index lost 6 points, or 0.4%, to 1,404. The technology-heavy Nasdaq lost 2 points, or 0.1%, to 2,965. Major U.S. stock indexes finished one of their best weeks of the year last week, though trading was abbreviated by Thanksgiving and a half-day session with light volume on Friday.
BUSINESS
November 15, 2012 | By Andrew Tangel
Stocks edged higher in rocky early trading amid economic data showing Europe back in recession and persistent concerns in the U.S. about pending negotiations over how to avert a fiscal crisis. The Dow Jones industrial average was up 13 points, or 0.1%, to 12,584. The Dow fell nearly 200 points Wednesday. The broader Standard & Poor's 500 index was up 2 points, or 0.2%, to 1,358. The Nasdaq was up slightly but essentially flat at 2,848. On Wednesday, the tech-heavy index entered correction territory as it dropped to a level 10% below its recent mid-September high.
BUSINESS
November 1, 2012 | By Andrea Chang and Salvador Rodriguez, Los Angeles Times
It was a rough day on Wall Street for Apple Inc., which saw its shares decline as much as 2.7% on the first day of trading since the company announced a sweeping management shake-up. Shares fell as low as $587.70 on Wednesday morning. They recovered slightly, closing down $8.68, or 1.4%, to $595.32. Apple shares have slid more than 15% since reaching a high of $702.10 on Sept. 19. On Monday the Cupertino, Calif., tech giant announced the departures of John Browett, Apple's head of retail, and Scott Forstall, who was in charge of the company's widely panned Siri and Maps app products.
BUSINESS
October 24, 2012 | By Andrew Tangel
Facebook lost $59 million in the third quarter, but the newly publicly traded social networking site saw its shares soar on Wall Street early Wednesday. Facebook shares gained $4.35, or 22%, to $23.85 in early trading, after the company reported gains from mobile advertising. Major U.S. stock indexes, meanwhile, edged higher shortly after the opening bell. The Dow Jones industrial average rose 16 points, or 0.1%, to 13,118. The broader Standard & Poor's 500 index was up four points, or 0.3%, to 1,417.
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