Benchmarks halted their streak of record highs on Friday as investors finally took a breather. The Dow’s six-day record run ended on a listless and uneventful day. The economy did not have much to offer on data or news front, while investors chose to book profits on Friday. However, the record run had ensured the benchmarks a green seat for […]
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Encouraging holiday season sales numbers and labor data helped the Dow and S&P 500 continue their record run on Thursday. Initial claims dropped for the week ending Dec 21 and holidays sales were reported to have improved between Nov 1 and Dec 24 period. Positive holiday sales numbers lifted the retail sector into the green and was among the major […]
Federal Reserve Chairman Ben Bernanke said the central bank would introduce similar steps in its upcoming Federal Open Market Committee meetings. Bernanke said such reductions would continue if economic data continued to remain positive. He said the Fed would continue to maintain low borrowing rates in order to increase spending and propel growth. At the same time, such moves […]
Stocks ended nearly flat, as investors took a breather after yesterday’s bull run. Meanwhile the Dow finished at new record high for the second consecutive day. Trading volumes for the day remained low. The energy sector was the biggest gainer among the S&P 500 industry groups while utilities stocks incurred maximum losses.For a look at the issues currently facing the […]
Stocks ended Friday nearly unchanged, as investors cautiously await the outcome of the Federal Open Market Committee meeting scheduled this week to gain further insights into what could possibly be the Fed’s next move. The Dow and S&P 500 recorded weekly declines for the second consecutive week. This was also the worst week for both indices in nearly four months, […]
The S&P 500 and Nasdaq suffered their biggest declines in five weeks as investors grew worried about the prospect of a near term tapering of the Fed’s stimulus plan. Dismal earnings numbers added to the gloom and dragged benchmarks into the red. Consumer staples were the only gainer among the S&P 500 industry groups, while healthcare stocks incurred major […]
Originally published December 10, 2013 at 7:17 AM | Page modified December 11, 2013 at 6:27 AM
NEW YORK — Stocks fell modestly Tuesday as investors took a breather from a market that notched yet another record high the day before.The market has hit several all-time highs in recent months, but with the holiday season and end of the […]
Originally published December 10, 2013 at 7:17 AM | Page modified December 11, 2013 at 6:27 AM
NEW YORK — Stocks fell modestly Tuesday as investors took a breather from a market that notched yet another record high the day before.The market has hit several all-time highs in recent months, but with the holiday season and end of the […]
The S&P 500 closed at another record high and fellow benchmarks ended in the green, while investors were left searching for clues about the timing of the Fed’s tapering of its stimulus plan. The S&P 500 was somewhat boosted by SYSCO Corporation’s (NYSE:SYY) announcement that it was purchasing rival U.S. Foods. The materials sector was the biggest gainer among the […]
