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BUSINESS
October 25, 2012 | By Andrew Tangel
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.
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BUSINESS
October 3, 2012 | By Andrew Tangel
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.
BUSINESS
November 21, 2012 | By Andrew Tangel
Stocks edged slightly higher in early trading after the U.S. Labor Department reported a decrease in first-time unemployment claims last week. The Dow Jones industrial average rose 8 points, or 0.1%, to 12,797 shortly after the opening bell on the New York Stock Exchange. The broader Standard & Poor's 500 index rose 2 points, or 0.2%, to 1,390. The tech-heavy Nasdaq rose 10 points, or 0.3%, to 2,927. The U.S. Labor Department said initial jobless claims declined by 41,000 to 410,000 last week, compared to the previous week.
BUSINESS
May 8, 2012 | By Andrew Tangel
NEW YORK -- U.S. stock markets continued to lose ground by midday, with major Wall Street indexes in the red by about 1%. The Dow Jones industrial average was down 165 points, or 1.3%, while the Standard & Poor's 500 index was down 18 points, or 1.3%. The Nasdaq was down 5 points, or 0.8%. Worries over the European debt crisis have intensified after weekend elections in France and Greece threatened to disrupt financial markets. Voters in those countries rejected the austerity measures that have led to sharp cuts in government spending aimed at reassuring bond markets.
BUSINESS
June 29, 2012 | By Walter Hamilton
Stock markets around the world roared higher Friday after European policymakers made their latest move to ease the continent's debt crisis. Lawmakers agreed to pump money into troubled banks directly from the continent's bailout fund rather than from the debt-laden governments themselves. Officials also agreed to set up a continent-wide bank regulator to create tougher and more uniform banking standards throughout the euro region. As of 11:25 a.m. PDT, the Dow Jones industrial average soared 232.84 points, or 1.9%, to 12,835.10.
BUSINESS
December 31, 2012
NEW YORK -- Stocks soared more than 1.3% on signs of last-minute progress in negotiations between President Obama and Congress to avoid the looming "fiscal cliff. " The Dow Jones industrial average jumped 166 points, or 1.3%, closing out 2012 at 13,104. The blue chip index finished the year up 7.3%. The broader Standard & Poor's 500 index gained 24 points, or 1.7%, closing at 1,426. The benchmark index ended the year up 13.3%. The technology-heavy Nasdaq composite index shot up 59 points, or 2%, to 3,020.
BUSINESS
January 8, 2013 | By Andrew Tangel
Investors sent stocks lower ahead of the release of corporate earnings that Wall Street will digest in coming weeks. The Dow Jones industrial average lost 48 points, or 0.4%, to 13,336 shortly after the opening bell. The broader Standard & Poor's 500 index lost seven points, or 0.5%, to 1,455. The Nasdaq was down nine  points, or 0.3%, to 3,090. Earnings season unofficially begins with aluminum giant Alcoa Inc., which is to release earnings after the markets close Tuesday.
BUSINESS
November 6, 2012 | By Walter Hamilton
It's all about swing states in today's presidential election. So here's another swing-state nugget, courtesy of Jack Ablin, chief investment officer at BMO Private Bank. Swing-state stocks have outpaced the Standard & Poor's 500 index during President Obama's first term. That's based on the collective performance of companies that are either based in a swing state or that do a lot of business there. Quiz: Test your knowledge of business news The S&P 500 has notched an average annual gain of 12.1% during the Obama administration.
BUSINESS
February 3, 2014 | By Ricardo Lopez
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.
BUSINESS
April 4, 2012 | By Joe Bel Bruno
Wall Street took a drubbing Wednesday as investors worried that the Federal Reserve might not be willing to pump more money into the U.S. economy. Minutes released from the central bank's last rate-setting meeting indicated that policymakers appeared reluctant to inject more cash into the financial system. There had been hopes the Fed would buy bonds - a strategy known in the past as quantitative easing - to boost the economy. Stocks suffered their worst decline so far this year.
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