April 7, 2014
For investors, a volatile stock market passed a worrisome milestone on Monday. The market logged its longest losing streak in two months, and extended a sell-off that began last week. After biotechnology and internet stocks pulled the market lower on Friday, it was companies that sell non-essential goods and services that dragged on the market to start the week. Concerns about earnings and sales drove declines. CarMax slumped after the used car dealer reported lower net income, and Mattel dropped on concerns about demand for big-name toys.
July 23, 2010
General Electric delivered a shot of confidence to investors when it raised its dividend on Friday, pushing U.S. stocks higher and adding to optimism from another round of strong earnings. The Dow Jones industrial average was up 102.32 points, or 0.99 percent, at 10,424.62. The Standard & Poor's 500 Index was up 8.99 points, or 0.82 percent, at 1,102.66. The Nasdaq Composite Index was up 23.58 points, or 1.05 percent, at 2,269.47.
July 3, 2012
Associated Press U.S. stocks are opening mixed. The Dow Jones industrial average is down four points to 12,867. The Standard & Poor's 500 is up less than a point at 1,366. The Nasdaq composite index is up less than half a point at 2,951. Investors expect a quiet day. Trading will end early, at 1 p.m. EDT, ahead of the July Fourth holiday. Auto companies are reporting June car sales throughout the day. Chrysler says its sales jumped 20 percent. Later in the morning, the government will release data on U.S. factory orders for May. Otherwise, investors are waiting for Friday's jobs report and next week's kickoff to earnings season.
February 3, 2014 |
U.S. manufacturing slowed in January as new orders and inventories plunged, according to data released Monday by the Institute for Supply Management. The group's purchasing managers index dropped to 51.3 last month, down more than 5 percentage points from a 56.5 reading in December. It's the lowest index reading since May 2013. Still, a reading above 50 indicates expansion. "A number of comments from the panel cite adverse weather conditions as a factor negatively impacting their businesses in January," said Bradley Holcomb, chair of the Institute for Supply Management's Manufacturing Business Survey Committee.
October 23, 2012 |
The Dow got shellacked Tuesday as a number of companies reported disappointing earnings. We took a look at the market action during today's KTLA-TV Channel 5 Consumer Confidential segment. We also looked at the growing number of U.S. workers who say they expect to remain on the job into their 80s, and the eerily accurate use of Halloween masks to determine the outcome of the presidential election.
June 20, 2012 |
Stocks edged lower in early trading Wednesday ahead of the potentially big news coming later: the Federal Reserve may announce new steps to boost the economy. The Dow Jones industrial average was down 18 points, or 0.1%, to 12,819 shortly after the opening bell. The broader Standard & Poor's 500 was down 2 points, or 0.2%, to 1,356. The tech-focused Nasdaq was essentially flat, down less than a point at 2,929. Also weighing on the market was a downbeat forecast for consumer products giant Procter & Gamble, which reported slowing sales growth.
October 1, 2012
Stock are higher a few minutes after the opening bell as investors welcomed the results of stress tanks of Spanish banks, as well as other positive news about Europe's economy. The Dow Jones industrial average is up 72 points to 13,427. The Standard & Poor's 500 index is up eight points to 1,449. The Nasdaq is up 14 points to 3,130. Monday is the first day of trading of the fourth quarter. Markets around Europe rose. However, credit rating agency Moody's might downgrade Spain's debt to junk status this week.
July 23, 2012 |
Stocks lightened their losses but still are deeply in the red this morning amid fear that Europe's lingering economic crisis is entering another dangerous phase. Concern that Spain may need a bailout spooked investors worldwide as the country's borrowing costs soared. European stock markts tumbled, with Asian and U.S. shares following in lockstep. As of 9:30 a.m. Pacific, the Dow Jones industrial average was off 155.49 points, or 1.2%, to 12,667.08. The index was down nearly 240 points at its low point.
October 25, 2012 |
Stocks opened higher Thursday after overall upbeat but mixed U.S. economic data, along with signs that Britain has emerged from its double-dip recession. The Dow Jones industrial average rose 66 points, or 0.5%, to 13,143 shortly after the opening bell. The broader Standard & Poor's 500 index was up eight points, or 0.6%, to 1,417. The Nasdaq rose 16 points, or 0.6%, to 2,998. The U.S. Labor Department said jobless claims declined last week, while the Commerce Department reported a 10% increase in orders for durable goods in September, following a decline in August.
October 3, 2012 |
NEW YORK -- Stocks rose Wednesday following a choppy opening and after better-than-expected reports on private employment and business activity. The Dow Jones rose 49 points to 13,532 shortly after 9 a.m., Pacific time. The Standard & Poor's 500 index rose seven points to 1,453. Payroll processing firm ADP estimated Wednesday that the economy added 162,000 jobs in September, higher than consensus estimates of 140,000. However, ADP reports have not been consistently reliable predictors of the Department of Labor's monthly unemployment report, which is due out Friday.