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BUSINESS
October 29, 2012 | By Andrew Tangel
It's official: Stock markets will be closed Tuesday. The New York Stock Exchange announced it would remain closed another day because of Hurricane Sandy, which is due to slam into the East Coast on Monday evening. NYSE Euronext, the stock exchange's parent company, said it closed its markets Tuesday "in coordination with all U.S. equities, bonds, options and derivatives markets. " The BATS stock exchange also announced it would remain closed Tuesday. Hurricane Sandy already closed U.S. stock markets Monday.
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BUSINESS
April 5, 2014 | Liz Weston, Money Talk
Dear Liz: I am in a new relationship with a great woman. I've talked a little bit about money and retirement with her (she's 30). I am trying to let her know that it would be wise to contribute at least enough to her company's retirement program to get the full match. What are some books or articles that would show her the importance of saving for retirement? I like her, but this can be a deal breaker for me. What is the best way to introduce her to personal finances without scaring her?
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BUSINESS
August 10, 2011 | By Nathaniel Popper, Los Angeles Times Staff Writer
Stock markets were trading lower at midday Wednesday as the optimism over Tuesday's announcement from the Federal Reserve faded and the concern over the European debt crisis grew. The Dow Jones industrial average fell as much as 474 points. After a slight recovery it was recently trading down 359.57 points, or 3.2%, at 10,880.20. The broader Standard & Poor's 500 index was down less sharply. The slide comes hard on the heels of one of the market's best recent days. The Dow soared nearly 500 points before the close Tuesday after the Fed announced its intention to keep interest rates low and to consider using additional policy tools to prop up the economy.
BUSINESS
March 14, 2014 | By Walter Hamilton
The stock market closed out its worst week since January, weighed down early by doubts about China's economic growth, uninspiring economic data in the U.S. and finally geopolitical tension in Russia. The Dow Jones industrial average slid 2.4% for the week, saddling it with a 3.1% loss so far this year. The index was off 43.22 points Friday, at 16,065.67, after skidding 231.19 points Thursday. The Standard & Poor's 500 index fell 2% for the week, leaving it down 0.4% for the year.
BUSINESS
September 20, 2012 | By Andrew Tangel
A former Wall Street trader plans to tell a congressional panel investigating computerized trading that the stock market is in a "crisis. " "U.S. equity markets are in dire straits," David Lauer, now a consultant with the advocacy group Better Markets Inc., said in his prepared testimony. "We are truly in a crisis. Over the past three decades a technological revolution has swept over Wall Street. " A Senate banking subcomittee holds a hearing Thursday on how regulations might rein in lightning-fast trading that precipitated the flash crash of 2010.
BUSINESS
May 11, 2012 | By Andrew Tangel
NEW YORK - Investors are selling off shares of major U.S. banks in midday trading on Wall Street, following news of JPMorgan Chase & Co.'s stunning $2-billion trading loss. While major indexes were initially down in early trading, all had turned positive three hours after the opening bell. The Dow Jones industrial average was up 42 points, or 0.3%, to 12,897. The Nasdaq was up 19 points, or 0.7%, to 2,953. JPMorgan's stock, however, was down sharply - losing $2.82, or 7%, to $37.92 a share.
BUSINESS
August 19, 2011 | Reuters
A selloff in global stocks gathered pace Friday, reflecting mounting concerns that the U.S. economy is heading into another recession. Nervous investors fled to the safety of core government bonds, Swiss francs and gold, which hit a record high, with many seeking to unwind holdings of riskier assets such as stocks, commodities and higher-yielding currencies before the weekend. European shares extended steep losses from Thursday, when they suffered their biggest daily slide in 2 1/2 years, with key indexes in Britain, France and Germany deep in the red. U.S. stock index futures pointed to a sharply weaker open for equities on Wall Street, a day after the Nasdaq shed more than 5 percent and the S&P 500 tumbled 4.5 percent on rising recession fears.
BUSINESS
September 9, 2011 | By Nathaniel Popper, Los Angeles Times
Stock markets around the world fell sharply as investors feared that a European debt crisis was coming to a head and threatening to tip the global economy into a recession. The market declines were driven largely by reports from Germany that its leaders were preparing for Greece to default on its bonds but were struggling to reach a consensus on how to handle it. The news sent German stock markets down 4.1% on Friday, similar to the declines elsewhere in Europe. Leading U.S. stock indexes followed, with the Dow Jones industrial average experiencing its worst day in more than three weeks, wiping out gains made earlier in the week.
BUSINESS
January 22, 2013 | Bloomberg News
Stock and bond markets in the U.S. were closed Monday for the Martin Luther King Jr. holiday, but trading took place in the rest of the world. European stocks rose while German bonds declined as European finance ministers met for the first time this year to discuss the debt crisis. The Stoxx Europe 600 Index added 0.3%, with the volume of shares changing hands 34% less than the 30-day average. In Japan, the yen rose from a two-year low, strengthening 0.5% to 89.64 yen per dollar.
BUSINESS
September 14, 2012 | By Walter Hamilton, Los Angeles Times
Investors' faith in the stock market has been shaken badly in recent years, and Wall Street's latest trading snafu could further chip away at their trust. The New York Stock Exchange agreed Friday to pay $5 million to settle charges that it made stock quotes available to select customers before the general public. It was the first-ever monetary penalty against a stock exchange. The fine itself was a pittance by Wall Street standards, and professionals got the quotes by only seconds, or even fractions of a second, before everyone else.
BUSINESS
February 19, 2014 | By Stuart Pfeifer
Hedge-fund manager David Einhorn is sounding a cautious tone about stocks. In a conference call with analysts, Einhorn said last year's massive run for stocks was fueled in part by misleading earnings reports. "In 2013 the market rewarded many companies beating earnings after they had lowered guidance," Einhorn said while discussing the performance of reinsurer Greenlight Capital Re, of which he is chairman. "This trend is not likely to continue indefinitely. " Photos: Top 10 Southern California companies Einhorn is one of the most respected and successful investors on Wall Street and the founder and president of the hedge-fund firm Greenlight Capital Inc. He said Greenlight Re benefited from holdings in Apple Inc. and Micron Technology Inc., but was hurt by short positions on Chipotle Mexican Grill Inc. and U.S. Steel Corp.
BUSINESS
January 24, 2014 | By Andrew Tangel
NEW YORK -- Stocks faced another broad selloff Friday as investors feared a slowdown in emerging markets and the Federal Reserve's move to scale back its easy-money policies. The Dow Jones industrial average was down about 200 points in midday trading on Wall Street, following sharp drops in other major stock markets in Europe and Asia.  The Dow at one point fell 203.56 points, or 1.3%, to 15,993.79 -- below the psychological milestone of 16,000 the index burst through during an epic rally last year.
BUSINESS
January 13, 2014 | By Marc Lifsher
SACRAMENTO - California's huge pension fund reported a 16.2% return on its investments in 2013 - its best results in more than a decade. The California Public Employees' Retirement System, which provides benefits to about 1.7 million state and local government workers, retirees and their dependents, said its total investments were worth $282.6 billion as of Friday, the highest ever. Better known as CalPERS, the country's biggest public pension fund was especially helped by the stock market's best year since 1997.
BUSINESS
December 31, 2013 | By Andrew Tangel
NEW YORK - Wall Street closed out an epic year with the stock market's best performance since 1995, fattening the retirement accounts for a generation of Americans crushed by the financial crisis just five years ago. The 27% gain in the Dow Jones industrial average enabled investors to recoup the last of the losses suffered during the Great Recession, when the value of America's blue-chip stocks was slashed in half. And analysts are predicting that stocks will continue their upward march in 2014, though perhaps not at such a breakneck pace.
BUSINESS
December 5, 2013 | By Stuart Pfeifer
Some investors are expecting stocks to lose ground next year, but not Joseph Baratta, who manages the private-equity business of Blackstone Group. Baratta said investors could pile up stock-market gains for two more more years, with a little help from the Federal Reserve. "The fundamentals of the U.S. economy are strong, sentiment is very positive, earnings have been growing, the Federal Reserve is quite accommodating," Baratta said in an interview with Bloomberg TV. "I think that will last as long as the Fed keeps pumping money into the credit markets.
BUSINESS
December 3, 2013 | By Ronald D. White
Overall charitable giving rose 2.3% during the three months that ended on Oct. 31, driven in part by the rising stock market, according to Blackbaud Inc. Blackbaud does not release total numbers for the amount of money given over that period. But the Blackbaud Index data looked at 3,828 charities that raised more than $12 billion over the last year. The Charleston, S.C.-based Blackbaud Inc. is a public company that tracks charitable giving. Blackbaud also works with more than 29,000 nonprofit organizations in more than 60 countries that support higher education, healthcare, human services and other issues.
BUSINESS
December 17, 1990
Stock index trends in native currencies and in dollars adjusted for currency fluctuations. The dollar-adjusted returns are what U.S. investors would realize. Last week Year-to-date Market Native In dollars Native In dollars Australia -7 -17.0% -1.4% -19.6% Austria +2.2 +0.2 +2.4 +13.9 Belgium +0.1 +23.8 -0.1 -16.0 Britain -0.4 -10.1 -0.5 +8.1 Canada -0.2 -15.7 -0.1 -16.0 France -3.3 -20.5 -3.3 -9.1 Germany +1.5 -13.7 +1.7 -1.7 Hong Kong -0.9 +7.0 -0.9 +7.0 Italy +3.2 -24.0 +3.3 -14.1 Japan +7.
BUSINESS
December 3, 2013 | By Walter Hamilton and Andrew Tangel
The stock market suffered its first three-day losing streak since late September, an indication that share prices may have gotten ahead of themselves in this year's furious rally. The Dow Jones industrial average slid below 16,000 as portfolio managers appeared to lighten their holdings to lock in annual gains. The nation's most-watched barometer for stocks slipped 94.15 points, or 0.6%, to 15,914.62. Meanwhile, the broader Standard & Poor's 500 index dipped below 1,800, sagging 5.75 points, or 0.3%, to 1,795.15.
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