Back to reality for the stock market — and back down. Wall Street focused Wednesday on the bleak landscape ahead for the economy and sold off, wiping out the big gains from a day earlier and then some. The Dow Jones industrial average closed down 519 points. The selling was intensified by worries about debt [...]
Continue reading …Stocks fell in early trading Monday after congressional leaders failed to agree on a deal to raise the nation’s debt limit to avoid default. Lawmakers hoped to reach a compromise late Sunday, but those talks stalled. President Barack Obama wants to raise revenues by letting tax cuts for wealthy Americans expire. Republicans have pushed for [...]
Continue reading …Stocks are rising for a third day as Greece clears a hurdle to more emergency loans and Bank of America settles with investors over failed mortgage securities. The Dow Jones industrial average is up 57 points, or 0.5 percent, at 12,245 in midday trading Wednesday. The Standard & Poor’s 500 index is up 9, or [...]
Continue reading …Mixed corporate earnings reports sent stock indexes wobbling Monday as trading resumed after the three-day Easter holiday. The Dow Jones industrial average fell 48 points, or 0.4 percent, to 12,457 in morning trading. The Standard & Poor’s 500 index lost 5, or 0.4 percent, to 1,333. The Nasdaq composite fell 3, or 0.1 percent, to [...]
Continue reading …Mounting concerns over the impact of the massive earthquake in Japan pushed U.S. stocks lower Monday. The earthquake and tsunami along Japan’s northeast coast killed thousands and has raised fears of a slowdown in the world’s third-largest economy. On Wall Street, all 10 company groups that make up the Standard and Poor’s 500 index fell. [...]
Continue reading …Investors will be watching to see if the stock market can sustain its rally Wednesday, a day after the Dow Jones industrial average closed at its highest level in 2 1/2 years. The Dow closed above 12,000 on Tuesday for the first time since June 2008. Another major market index, the Standard & Poor’s 500, [...]
Continue reading …Stocks are headed for a higher opening Wednesday as major companies released another round of earnings reports and President Barack Obama called for an overhaul of corporate taxes. During his State of the Union address Tuesday night, Obama said he wanted to close corporate tax loopholes and use the additional revenue to lower corporate tax [...]
Continue reading …For the first time in several years, bank stocks rose across the board last year. Stock prices also rose at the three national banks that operate in the Pikes Peak region: Wells Fargo and Co., U. S. Bancorp, and JPMorgan Chase and Co. Wells Fargo and Co.’s stock stood at $31.65 per share earlier this [...]
Continue reading …Stocks fell for a fourth day as concerns over a slowdown in China and talks about a bailout for Irish banks combined to push the Dow Jones industrial average to its lowest level in a month. Asian markets started a global sell-off after South Korea’s central bank raised interest rates to curb inflation. Shares also [...]
Continue reading …Stock futures bounced back slightly, a day after the market was hammered by a surprise interest rate hike in China and mixed earnings reports. Earnings are again dominating headlines Wednesday. Quarterly results are due out from major banks, airlines and manufacturers throughout the morning. Internet companies take over after the market closes. Traders who prefer [...]
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