August 9, 2013 |
NEW YORK - The stock market's longest weekly winning streak in a year came to an end as summer doldrums set in on Wall Street. Major U.S. indexes closed moderately lower Friday, with the Dow Jones industrial average sagging 72.81 points, or nearly 0.5%, to 15,425.51. For the week, the Dow and other indexes finished down about 1%, ending a string of six straight weekly gains. Some analysts saw the pullback as a temporary lull amid minimal economic data. Trading volume was especially light as money managers started their annual August getaways.
July 12, 2013 |
The stock market has returned to normal. Share prices are back at record highs -- and small investors are selling. After pouring into U.S. stock mutual funds early in the year, individuals have been net sellers in four of the last five months, according to data from the Investment Company Institute, a fund industry trade group. To put it indelicately, the proverbial dumb money has been rushing out of the market just as share prices have been racing up. The Dow Jones industrial average and Standard & Poor's 500 index hit record highs Thursday on hope that U.S. economic growth is picking up. The Dow is giving back a bit Friday.
May 18, 2013 |
Call it retirement anxiety, or maybe recession obsession. For all of their married life, Patrick Webster, 63, and Susie Martin, 54, have been extremely frugal. Webster and Martin, who both work at Marymount College in Rancho Palos Verdes, have been stashing away their combined income at an enviable rate - more than 25% - for retirement. Together they have more than $1 million in investments and no debt. But rather than feeling reasonably secure about their financial future, they dread a return of hard times.
May 15, 2013 |
CAIRO - His phone doesn't ring and his charts are gloomy. But every day Mostafa Ismail, a financial broker with a hangman's demeanor, steps into the Egyptian stock exchange hoping for positive blips. They are rare in a nation where revolution has brought two years of political instability and turned "investor confidence" into a quaint phrase from a more prosperous era. "The market has declined as far as it can go," said Ismail, his tie loosened, a string of numbers before him. "There's no one to trade or buy or sell with.
May 7, 2013 |
The Dow Jones industrial average jumped above 15,000 on Tuesday morning, extending a surge in the stock market that has carried the famous index up almost 2,000 points this year. The gain in U.S. stocks followed a vibrant overnight rally in Japanese shares and positive economic news in Germany that sent that country's leading stock index to a new record high despite Europe's ongoing debt crisis. The enthusiasm carried over to the U.S., where the Dow jumped above 15,000, an intra-day mark that it first hit last week.
May 7, 2013 |
The Dow Jones industrial average is on a tear with the rest of the stock market, but valuations on stock prices are still reasonable. In a new report, research firm S&P Capital IQ argues that stocks are still fairly valued even though share prices lately have surged far faster than underlying corporate earnings. “Market valuations are appealing but not compelling,” Sam Stovall, the firm's chief equity strategist, concludes in the report. That's welcome news Tuesday, as the Dow Jones industrial average has jumped past 15,000 in early trading, part of a powerful rally that has sent stocks nearly straight up over most of the last six months.
April 23, 2013 |
When it comes to Apple's earnings, you can always bank on absolutely never hearing about the things you most want to hear about. Apple TV? IWatch? Cheaper iPhone? IRadio? Forget any mention of future goodies. PHOTOS: The top smartphones of 2013 What's left is to sort through a lot of numbers, reading them for signs that support and refute your position that Apple is either vastly undervalued or doomed to become tech's next dinosaur. Either way, here are five things to watch when Apple releases its earnings report Tuesday after the stock markets close: 1. Margins: The reason that Apple is Apple is not just that it sells boatloads of stuff, but that it sells boatloads of stuff at premium prices.
March 5, 2013 |
NEW YORK - The Dow Jones industrial average has barreled to an all-time high, erasing $11 trillion of losses racked up when the financial crisis began five years ago. The stock market's revival - with the Dow at a record 14,253.77 - has some respected minds on Wall Street suggesting the Dow will puncture 20,000 in just a few years. But, as investors may recall, the last few times the stock market seemed headed for records, disaster soon followed. High-flying tech stocks led to highs in 2000 just before the bubble burst.
March 3, 2013 |
Officially, the Federal Reserve isn't supposed to worry about keeping stock prices flying high. But when Fed Chairman Ben S. Bernanke was asked about the market's outlook last week on Capitol Hill, he sounded like a lot of bullish Wall Street investment strategists. "I don't see much evidence of an equity bubble," he told the Senate Banking Committee in his semiannual testimony on Fed policy. Stocks "don't appear overvalued given earnings and interest rates. " More important for the markets, Bernanke pledged to continue the Fed's policy of pumping colossal sums into the financial system to support the economic recovery.
February 11, 2013 |
The Chinese new year, the Year of the Snake, could leave the stock market snake-bitten. Sunday ushered in the Chinese New Year but, investors may wish it hadn't. The Year of the Snake is the only one of the 12 Chinese lunar calendar years in which the Standard & Poor's 500 index has a losing record, according to researcher Capital IQ. Since 1900, the benchmark index is down an average of 2.9% in the Year of the Snake, according to Capital IQ. It has risen in only three of the nine snake years since 1900, marking the worst performance of the any of the named lunar years.