December 31, 2013 |
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.
December 5, 2013 |
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.
December 3, 2013 |
The stock market is down for a third consecutive day, the first time that has happened since late September. The Dow Jones industrial average slid below 16,000 early Tuesday, in part as portfolio managers appeared to lighten their holdings to lock in annual gains. As of 9:40 a.m. PST, the Dow was off 100.05 points, or 0.6%, to 15,908.72. The Standard & Poor's 500 dipped below 1,800, sagging 7.17 points, or 0.4%, to 1,793.73. The mini-selloff comes on the heels of a vibrant rally that had carried stocks up more than 1,000 points since early October.
December 3, 2013 |
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.
October 25, 2013 |
The stock market has maintained its smooth upward pace since the government shutdown ended in mid-October. Perhaps too smooth. The record-breaking run that continued Friday is unnerving some on Wall Street who worry that stock prices are getting ahead of themselves. The market sailed to its third straight weekly gain with the Standard & Poor's 500 index notching a fresh high and the Dow Jones industrial average nearing a new peak. The Dow climbed 61.07 points, or 0.4%, to 15,570.28.
October 9, 2013 |
There wasn't much to rave about on the first day of trading for electronic dance music promoter SFX Entertainment Inc. Shares of SFX, founded by entertainment entrepreneur Robert F.X. Sillerman, fell $1.11, or 8.5%, to $11.89 on Wednesday, after its initial public offering. The New York company sold 20 million shares at $13 a share, at the high end of its proposed range, raising $260 million in its IPO. PHOTOS: Hollywood Backlot...