May 8, 2012 |
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.
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.
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.
November 6, 2012 |
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.
April 4, 2012 |
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.
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.
May 20, 2013 |
NEW YORK -- Wall Street will be watching Ben Bernanke's testimony before Congress on Wednesday, hoping the Federal Reserve chairman will offer clues as to when the central bank may begin turning off its spigot of easy money. Investors will also be scouring the Fed's meeting minutes, which are due out Wednesday. The central bank's stimulus programs have helped lift major U.S. equity indexes to historic highs this year, as low interest rates have made riskier investments like stocks more attractive.
November 23, 2013 |
NEW YORK - Month after month, Stan Wright watched impatiently as the stock market climbed higher while his money sat on the sidelines earning next to nothing. Like many Americans, Wright, 51, yanked his savings out stocks during the 2008 financial crisis and pinned his hopes on historically safer investments in bonds. Now he wants back in on the stock market, which is in the midst of its strongest rally in a decade. "There is really, truly almost no place else to put money right now," said Wright, a Bay Area business owner who has sunk $10,000 into stocks in the last six weeks.
October 5, 2012 |
Investors sent Wall Street stocks higher early Friday after the federal government reported the U.S. economy added 114,000 jobs in September. The payroll gains were in line with analysts' expectations, but the government also reported that the unemployment rate fell from 8.1% to 7.8%. The Dow Jones industrial average gained 59 points, or 0.4%, to 13,634 shortly after the opening bell. The broader Standard & Poor's 500 index rose 8 points, or 0.5%, to 1,469. The Nasdaq was up 16 points, or 0.5%, to 3,166.
April 7, 2010 |
Stocks ended mixed Tuesday after a rally in bank shares offset drops in some technology names. The Dow Jones industrials edged down 3 points, while broader indexes rose. For a second day, the Dow got within about a dozen points of the 11,000 level. Stocks got a brief bounce late in the day when the Federal Reserve released meeting minutes suggesting that policymakers were growing more upbeat about the economy but weren't prepared yet to raise interest rates. Financial stocks led the market higher on upbeat comments by analysts about regional banks.